Blue Ridge Bankshares, Inc. Announces 2025 Second Quarter Results
1. BRBS reported net income of $1.3 million for Q2 2025. 2. Cost reductions led to decreased noninterest expenses by $1 million. 3. Net interest margin improved to 3.15%, despite a smaller balance sheet. 4. Regulatory remediation efforts are nearing completion, shifting focus to growth. 5. Brokered deposits declined but received approval for renewal through December 2025.