BLUE RIDGE BANKSHARES, INC. Earnings Per Share Disclosure
Note 14. Earnings Per Share
The following table shows the calculation of basic and diluted EPS and the weighted average number of shares outstanding used in computing EPS and the effect on the weighted average number of shares outstanding of potentially dilutive common stock for the periods presented. Also shown are the weighted average number of shares
of potentially dilutive securities that were excluded from the calculation of diluted EPS for the periods presented because their effect would been anti-dilutive.
|
|
For the year ended December 31, |
|
|||||
(Dollars in thousands, except per share data) |
|
2025 |
|
|
2024 |
|
||
Net income (loss) |
|
$ |
10,709 |
|
|
$ |
(15,385 |
) |
|
|
|
|
|
|
|
||
Weighted average common shares outstanding, basic |
|
|
87,719,189 |
|
|
|
49,123,861 |
|
Potentially dilutive securities |
|
|
|
|
|
|
||
PSAs |
|
|
175,840 |
|
|
|
— |
|
Warrants |
|
|
9,362,847 |
|
|
|
— |
|
Weighted average common shares outstanding, dilutive |
|
|
97,257,876 |
|
|
|
49,123,861 |
|
|
|
|
|
|
|
|
||
Basic earnings (loss) per common share |
|
$ |
0.12 |
|
|
$ |
(0.31 |
) |
Diluted earnings (loss) per common share |
|
$ |
0.11 |
|
|
$ |
(0.31 |
) |
|
|
|
|
|
|
|
||
Weighted average anti-dilutive securities excluded from diluted EPS |
|
|
|
|
|
|
||
PSAs |
|
|
1,207 |
|
|
|
92,369 |
|
Stock options |
|
|
21,138 |
|
|
|
29,919 |
|
Warrants |
|
|
— |
|
|
|
2,916,792 |
|
Total weighted average anti-dilutive securities |
|
|
22,345 |
|
|
|
3,039,080 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 12, 2026 | Showing above |
| 2024 | Mar 10, 2025 | |
| 2023 | Mar 15, 2024 | |
| 2022 | Mar 10, 2023 | |
| 2021 | Mar 11, 2022 | |
| 2020 | Mar 29, 2021 | |
| 2019 | Apr 14, 2020 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.