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Earnings Per Share
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share

Note 13 – Earnings Per Share

The following table shows the calculation of basic and diluted earnings per share ("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 dilutive potential common stock. Basic EPS amounts are computed by dividing net income (the numerator) by the weighted average number of common shares outstanding (the denominator). Diluted EPS amounts assume the conversion, exercise, or issuance of all potential common stock instruments, unless the effect would be to reduce the loss or increase earnings per common share. Potential dilutive common stock instruments include exercisable stock options. For the three months ended March 31, 2022 and 2021, stock options for 0 shares and 75,410 shares of the Company’s common stock were not included in the computation of diluted earnings per share because their effects would have been anti-dilutive, respectively. Weighted average common shares outstanding, basic and dilutive, for the period ended March 31, 2021 are adjusted to reflect the 3-for-2 stock split effective April 30, 2021.

 

 

 

 

 

 

For the three months ended

 

(Dollars in thousands, except per share data)

 

March 31, 2022

 

 

March 31, 2021

 

Weighted average common shares outstanding, basic

 

 

18,772,258

 

 

 

15,137,446

 

Effect of dilutive securities

 

 

17,087

 

 

 

16,533

 

Weighted average common shares outstanding, dilutive

 

 

18,789,345

 

 

 

15,153,979

 

 

 

 

 

 

 

 

Net income:

 

 

 

 

 

 

Net income from continuing operations

 

$

17,420

 

 

$

4,243

 

Net income (loss) from discontinued operations

 

 

337

 

 

 

(6

)

Net income from discontinued operations attributable to noncontrolling interest

 

 

(1

)

 

 

(9

)

Net income attributable to Blue Ridge Bankshares, Inc.

 

$

17,756

 

 

$

4,228

 

 

 

 

 

 

 

 

Basic earnings per share:

 

 

 

 

 

 

Earnings per share from continuing operations

 

$

0.93

 

 

$

0.28

 

Earnings per share from discontinued operations

 

 

0.02

 

 

 

—

 

Earnings per share attributable to Blue Ridge Bankshares, Inc.

 

$

0.95

 

 

$

0.28

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

Earnings per share from continuing operations

 

$

0.93

 

 

$

0.28

 

Earnings per share from discontinued operations

 

 

0.02

 

 

 

—

 

Earnings per share attributable to Blue Ridge Bankshares, Inc.

 

$

0.95

 

 

$

0.28