Earnings Per Share

6 Months Ended

Jun. 30, 2022

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 for the periods stated. 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 both the three months ended June 30, 2022 and 2021 and for the six months ended June 30, 2022, no stock options for the Company’s common stock were included in the computation of diluted earnings per share because their effects would have been anti-dilutive. For the six months ended June 30, 2021, stock options for 55,357 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.



	For the three months ended					For the six months ended
(Dollars in thousands, except per share data)	June 30, 2022		June 30, 2021			June 30, 2022			June 30, 2021
Weighted average common shares outstanding, basic		18,766,542		18,624,723			18,769,384			16,890,718
Effect of dilutive securities		11,666		21,277			14,502			27,802
Weighted average common shares outstanding, dilutive		18,778,208		18,646,000			18,783,886			16,918,520

Net income:
Net income from continuing operations	$	1,118	$	28,693		$	18,538		$	32,936
Net (loss) income from discontinued operations		—		(51	)		337			(57	)
Net loss (income) from discontinued operations attributable to noncontrolling interest		—		4			(1	)		(5	)
Net income attributable to Blue Ridge Bankshares, Inc.	$	1,118	$	28,646		$	18,874		$	32,874

Basic earnings per share:
Earnings per share from continuing operations	$	0.06	$	1.54		$	0.99		$	1.95
Earnings per share from discontinued operations		—		—			0.02			—
Earnings per share attributable to Blue Ridge Bankshares, Inc.	$	0.06	$	1.54		$	1.01		$	1.95

Diluted earnings per share:
Earnings per share from continuing operations	$	0.06	$	1.54		$	0.99		$	1.95
Earnings per share from discontinued operations		—		—			0.02			—
Earnings per share attributable to Blue Ridge Bankshares, Inc.	$	0.06	$	1.54		$	1.01		$	1.95