Blue Ridge Bankshares revises Q2 2026 results after borrower with USD 11.4 million loans shuts down
BRBS•Quarterly results revised after borrower shutdown
Blue Ridge Bankshares amended its quarterly report to revise Q2 2026 results following a post-earnings credit deterioration at a commercial borrower.
An $11.4 million commercial borrower ceased operations, prompting a higher expected credit loss estimate and a $2.9 million reserve on nonaccrual loans.
Q2 net result was revised to a loss of USD 1.3 million, or USD (0.01) per diluted share, versus prior-quarter net income of USD 0.8 million.
The revised quarter included an after-tax USD 3.2 million provision for credit losses, swinging from an after-tax USD 0.5 million recovery in Q1.
