Net interest income has eroded from $21.8 million in 2023Q4 to $16.9 million in 2026Q1, while the efficiency ratio remains burdened at 59.1% due to regulatory compliance requirements.
Blue Ridge Bankshares, Inc. (BRBS) annual income statement — 14-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|
| Net Interest Income | 73.48M | 78.86M | 78.66M | 93.04M | 104.57M | 92.48M | 44.51M | 21.37M | 17.29M | 0 | 0 | 0 | 0 | 0 | 0 |
| NII Growth % | -18.15% | 0.25% | -15.46% | -11.02% | 13.07% | 107.78% | 108.3% | 23.61% | - | - | - | - | - | - | - |
| Net Interest Margin % | 3.16% | 3.24% | 2.87% | 2.98% | 3.34% | 3.47% | 2.97% | 2.22% | 3.2% | 0% | 0% | 0% | 0% | 0% | 0% |
| Interest Income | 125.92M | 137.77M | 160.32M | 169M | 121.65M | 103.55M | 54.46M | 30.89M | 22.44M | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 52.44M | 58.91M | 81.66M | 75.95M | 17.09M | 11.06M | 9.95M | 9.52M | 5.15M | 0 | 0 | 0 | 0 | 0 | 0 |
| Loan Loss Provision | -1.25M | -4M | -5.1M | 22.32M | 25.69M | 117K | 10.45M | 1.74M | 1.23M | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Interest Income | 10.65M | 12.84M | 13.57M | 28.38M | 48.09M | 86.99M | 55.85M | 18.43M | 9.83M | 26.33M | 15.93M | 9.45M | 8.52M | 7.38M | 6.46M |
| Non-Interest Income % | 12.66% | 14% | 14.72% | 23.37% | 31.5% | 48.47% | 55.65% | 46.31% | 36.26% | 100% | 100% | 100% | 100% | 100% | 100% |
| Total Net Revenue | 84.13M | 91.7M | 92.23M | 121.42M | 152.66M | 179.47M | 100.36M | 39.8M | 27.12M | 26.33M | 15.93M | 9.45M | 8.52M | 7.38M | 6.46M |
| Revenue Growth % | -5.23% | -0.58% | -24.03% | -20.47% | -14.94% | 78.83% | 152.15% | 46.76% | 2.99% | 65.34% | 68.53% | 10.93% | 15.42% | 14.3% | - |
| Non-Interest Expense | 71.61M | 81.92M | 113.84M | 157.94M | 104.78M | 110.99M | 67.24M | 32.48M | 20.17M | 12.72M | 4.38M | 4.69M | 5.7M | 4.83M | 4.38M |
| Efficiency Ratio | 85.12% | 89.34% | 123.43% | 130.08% | 68.63% | 61.84% | 66.99% | 81.61% | 74.39% | 48.3% | 27.52% | 49.67% | 66.89% | 65.39% | 67.8% |
| Operating Income | 13.77M | 13.78M | -16.51M | -58.84M | 22.2M | 68.36M | 22.67M | 5.58M | 5.72M | 5.46M | 1.24M | 4.76M | 2.82M | 3.77M | 2.08M |
| Operating Margin % | 16.37% | 15.02% | -17.9% | -48.46% | 14.54% | 38.09% | 22.59% | 14.01% | 21.09% | 20.73% | 7.8% | 50.33% | 33.11% | 51.15% | 32.2% |
| Operating Income Growth % | - | 183.45% | 71.95% | -365.11% | -67.53% | 201.51% | 306.56% | -2.5% | 4.77% | 339.51% | -73.88% | 68.62% | -25.29% | 81.56% | - |
| Pretax Income | 13.77M | 13.78M | -16.51M | -58.84M | 22.2M | 68.36M | 22.67M | 5.58M | 5.72M | 5.41M | 1.24M | 3.55M | 2.82M | 2.55M | 2.08M |
| Pretax Margin % | 16.37% | 15.02% | -17.9% | -48.46% | 14.54% | 38.09% | 22.59% | 14.01% | 21.09% | 20.53% | 7.8% | 37.53% | 33.11% | 34.61% | 32.2% |
| Income Tax | 3.29M | 3.07M | -1.12M | -7.07M | 5.2M | 15.74M | 4.84M | 973K | 1.15M | 2.06M | 553.45K | 1.05M | 791.35K | 709.69K | 562.81K |
| Effective Tax Rate % | 23.9% | 22.26% | 6.8% | 12.02% | 23.42% | 23.02% | 21.33% | 17.45% | 20.05% | 38.04% | 44.55% | 29.56% | 28.06% | 27.78% | 27.07% |
| Net Income | 10.48M | 10.71M | -15.38M | -51.77M | 17.33M | 52.48M | 17.7M | 4.58M | 4.56M | 3.35M | 688.73K | 2.45M | 1.98M | 1.64M | 1.32M |
| Net Margin % | 12.46% | 11.68% | -16.68% | -42.64% | 11.35% | 29.24% | 17.63% | 11.51% | 16.81% | 12.72% | 4.32% | 25.96% | 23.29% | 22.18% | 20.43% |
| Net Income Growth % | 5474.36% | 169.61% | 70.28% | -398.7% | -66.97% | 196.55% | 286.38% | 0.44% | 36.1% | 386.48% | -71.92% | 23.64% | 21.18% | 24.14% | - |
| Net Income (Continuing) | 10.48M | 10.71M | -15.38M | -51.77M | 17M | 52.62M | 17.84M | 4.6M | 4.57M | 3.35M | 688.73K | 2.5M | 2.03M | 1.84M | 1.32M |
| EPS (Diluted) | 0.12 | 0.11 | -0.31 | -2.73 | 0.90 | 2.94 | 2.07 | 0.77 | 1.11 | 0.81 | 0.21 | 0.80 | 0.94 | 0.78 | 0.62 |
| EPS Growth % | 920.19% | 135.48% | 88.64% | -403.33% | -69.39% | 42.03% | 168.83% | -30.63% | 37.04% | 285.71% | -73.75% | -14.89% | 20.51% | 25.81% | - |
| EPS (Basic) | - | 0.11 | -0.31 | -2.73 | 0.90 | 2.94 | 2.07 | 0.77 | 1.11 | 0.81 | 0.21 | 0.80 | 0.94 | 0.78 | 0.62 |
| Diluted Shares Outstanding | 88.49M | 106.1M | 49.12M | 18.94M | 18.99M | 17.85M | 8.54M | 6.22M | 4.17M | 4.13M | 3.34M | 3.08M | 2.11M | 2.11M | 2.12M |
Quick answers to the most common questions about buying BRBS stock.
For fiscal year 2025, Blue Ridge Bankshares, Inc. (BRBS) reported total revenue of $91.7M. This represents a 1320.1% increase compared to $6.5M in 2012.
Blue Ridge Bankshares, Inc. (BRBS) is profitable, generating $10.7M in net income for the fiscal year ending 2025 with a net profit margin of 11.7%.
Blue Ridge Bankshares, Inc. (BRBS) reported an operating income of $13.8M, resulting in an operating profit margin of 15.0%. This margin reflects the operational efficiency of the business before interest and taxes.
Blue Ridge Bankshares, Inc. (BRBS) generated $95.7M in gross profit for the year, representing a gross profit margin of 104.4%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Regulatory consent order constraints
Metrics are mathematically derived from official filings.
Net Interest Income Growth Erosion
According to the latest quarterly filings, Blue Ridge Bankshares reported net interest income of $16.9 million in 2026Q1, representing a persistent downward trend from the $21.8 million recorded in 2023Q4, as the bank struggles to balance funding costs against a constrained asset growth environment.
The consistent contraction in net interest income suggests that the bank's funding mix is becoming increasingly expensive, likely due to the need to retain deposits amidst regulatory scrutiny. Investors should monitor whether the bank can stabilize its interest-earning asset base or if further compression is inevitable as legacy fintech partnerships are re-evaluated.
Persistent Net Interest Margin Compression
As reported in financial statements, the bank's net interest margin has remained stagnant at 0.7% for the majority of the last ten quarters, indicating a structural inability to expand spreads in the current interest rate environment despite the bank's specialized Banking-as-a-Service business model.
The lack of margin expansion suggests that the cost of funds is rising in lockstep with asset yields, preventing any meaningful improvement in profitability. This performance appears to reflect a competitive disadvantage in deposit gathering, where the bank may be forced to pay premium rates to maintain liquidity under its current regulatory constraints.
Operational Efficiency Burdened by Remediation
Based on the provided income statement data, the efficiency ratio reached 59.1% in 2026Q1, reflecting the ongoing impact of elevated non-interest expenses required to satisfy the OCC consent order, which continues to weigh heavily on the bank's ability to generate positive operating leverage.
The elevated efficiency ratio implies that a significant portion of revenue is being diverted toward compliance and legal remediation rather than core business development. This trend warrants further investigation into whether these costs are truly transitory or if they represent a permanent shift in the bank's operating cost structure.
Provisioning Volatility Reflects Asset Risk
Data from recent quarterly reports shows significant volatility in provision expenses, including a notable $6.2 million charge in 2024Q3, which highlights the inherent credit risks embedded within the bank's specialized commercial and fintech-originated loan portfolios during this period of heightened regulatory oversight.
The fluctuation in provision expense suggests that the bank is actively managing credit quality in response to potential deterioration in its loan book. Analysts should interpret these swings as a signal of underlying asset sensitivity, particularly as the bank attempts to de-risk its balance sheet under the current enforcement action.