BLUE RIDGE BANKSHARES, INC. — Form 8-K

Blue Ridge Bankshares reported a Q2 2026 net loss of $0.2M ($0.00 per diluted share) vs. net income of $0.8M in Q1 2026, driven by a $2.1M provision for credit losses (including $1.5M reserve for $11.4M in out-of-market loans placed on nonaccrual) and $0.3M severance expense. Excluding severance, pre-tax pre-provision income improved 30% sequentially to $2.9M. Loans held for investment grew $19.6M (4% annualized)—the first growth in 13 quarters. The company also paid a special dividend of $0.60/share (~$54.1M total) in April 2026, reducing equity from $323.7M (Dec 2025) to $276.5M (Jun 2026). Total assets fell to $2.33B from $2.41B, and headcount declined 19% YoY to 269 employees. Nonperforming loans rose to 1.34% of assets from 0.87% in Q1.