PR Newswire
LURAY, Va., Oct. 27, 2017
LURAY, Va., Oct. 27, 2017 /PRNewswire/ -- Blue Ridge Bankshares, Inc. (OTC Pink: BRBS), parent company of Blue Ridge Bank, N.A., announced today its unaudited financial results for the third quarter ended September 30, 2017. The Company reported net income of $3,064,560 for the first nine months of 2017, or $1.12 per common share, compared to 2016 net income of $1,094,051, or $0.52 per common share, for the same period. The Company declared a dividend of $0.08 during the third quarter of 2017, which is an increase of 2.13% compared to the 2016 third quarter dividend of $0.0783. The dividend yield is 1.97% based on the October 26, 2017 share price.
The Company experienced net income growth of 180.1% and asset growth of 36.1% since the third quarter of 2016, of which approximately $114 million was due to the acquisition of River Bancorp, Inc. Synergies resulting from the merger as well as the addition of the mortgage division have had a significant impact on earnings year-to-date. Core loan and deposit growth continue to be the main strategic focus of the Company.
| | | | | | | | |
Financial Highlights (Unaudited) | | | Three Months Ended | | | Nine Months Ended | ||
| | | 9/30/2017 | 9/30/2016 | | | 9/30/2017 | 9/30/2016 |
(Dollars in thousands, except per share data) | | | | | | | | |
Net income | | $ | 1,162 | 258 | | $ | 3,065 | 1,094 |
Net income available to common stockholders | | $ | 1,162 | 258 | | $ | 3,065 | 1,094 |
Earnings per Common Share | | $ | 0.42 | 0.13 | | $ | 1.12 | 0.52 |
Dividend per Common Share | | $ | 0.0800 | 0.0783 | | $ | 0.0800 | 0.0783 |
| | | | | | | | |
Key Ratios | | | | | | | | |
Total stockholders' equity to assets | | | 8.92% | 8.39% | | | 8.92% | 8.39% |
Common stockholders' equity to assets | | | 8.92% | 8.39% | | | 8.92% | 8.39% |
Net Interest Margin (bank level) | | | 3.75% | 3.44% | | | 3.89% | 3.66% |
Return on Average Assets (annualized) | | | 1.32% | 0.37% | | | 1.16% | 0.52% |
Return on Average Equity (annualized) | | | 15.13% | 3.88% | | | 13.30% | 5.49% |
| | | | | | | | |
| | | Balance At | | | | | |
| | | 9/30/2017 | 9/30/2016 | | | | |
Total assets | | $ | 407,289 | 299,243 | | | | |
Net loans held for investment | | $ | 303,613 | 223,802 | | | | |
Deposits | | $ | 335,220 | 233,761 | | | | |
Total stockholders' equity | | $ | 36,348 | 25,100 | | | | |
Common stockholders' equity | | $ | 36,348 | 25,100 | | | | |
| | | | | | | | |
Book value per common share | | $ | 13.14 | 11.94 | | | | |
Tangible book value per common share | | $ | 12.17 | 11.77 | | | | |
Number of common stock shares outstanding | | | 2,765,635 Werbung Mehr Nachrichten zur Blue Ridge Bankshare Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News |