Blue Ridge Bankshares, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018
January 01, 2019 at 04:20 am IST
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Blue Ridge Bankshares, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the year, the company reported net income of $4,572,709 or $1.64 per common share against $3,350,124 or $1.22 per common share a year ago. Net interest income was $17,284,756 against $14,550,220 a year ago.
For the quarter, the company reported net income available to common stockholders of $986,000 or $0.35 per common share against loss of $286,000 or $0.10 per common share a year ago.
Blue Ridge Bankshares, Inc. is the holding company of Blue Ridge Bank, National Association (the Bank) and BRB Financial Group, Inc. (the Financial Group). The Company's segments include commercial banking, mortgage banking and holding company activities. The Bank serves businesses, professionals, consumers, nonprofits, and municipalities with a variety of financial services, including retail and commercial banking, mortgage banking, government guaranteed lending, and employee benefit plan services. Its banking products include checking accounts, savings accounts, commercial and industrial loans, residential mortgages, commercial mortgages, home equity loans, consumer installment loans, credit cards, online banking, telephone banking, and mobile banking. The Company, through the Financial Group, offers management services for personal and corporate trusts, including estate planning, estate settlement and trust administration, insurance products, and investment and wealth management.
BLUE RIDGE BANKSHARES, INC. 
