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Earnings Per Share | 9 Months Ended
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Sep. 30, 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 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 and PSAs. For the three months ended September 30, 2022 and 2021, 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 nine months ended September 30, 2022 and 2021, stock options for 0 and 433 shares of the Company’s common stock, respectively, 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 nine months ended |
(Dollars in thousands, except per share data) |  | September 30, 2022 |  |  | September 30, 2021 |  |  | September 30, 2022 |  |  | September 30, 2021 |
Weighted average common shares outstanding, basic |  |  | 18,849,246 |  |  |  | 18,776,014 |  |  |  | 18,796,297 |  |  |  | 17,526,055 |
Effect of dilutive securities |  |  | 10,847 |  |  |  | 22,711 |  |  |  | 14,254 |  |  |  | 9,341 |
Weighted average common shares outstanding, dilutive |  |  | 18,860,093 |  |  |  | 18,798,725 |  |  |  | 18,810,551 |  |  |  | 17,535,396 |
Net income: |  |  |  |  |  |  |  |  |  |  |  |
Net income from continuing operations |  | $ | 2,736 |  |  | $ | 6,861 |  |  | $ | 21,273 |  |  | $ | 39,797 |
Net (loss) income from discontinued operations |  |  | — |  |  |  | (55 | ) |  |  | 337 |  |  |  | (112 | )
Net loss (income) from discontinued operations attributable to noncontrolling interest |  |  | — |  |  |  | 4 |  |  |  | (1 | ) |  |  | (1 | )
Net income attributable to Blue Ridge Bankshares, Inc. |  | $ | 2,736 |  |  | $ | 6,810 |  |  | $ | 21,609 |  |  | $ | 39,684 |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Earnings per share from continuing operations |  | $ | 0.15 |  |  | $ | 0.37 |  |  | $ | 1.13 |  |  | $ | 2.27 |
Earnings (loss) per share from discontinued operations |  |  | — |  |  |  | — |  |  |  | 0.02 |  |  |  | (0.01 | )
Earnings per share attributable to Blue Ridge Bankshares, Inc. |  | $ | 0.15 |  |  | $ | 0.37 |  |  | $ | 1.15 |  |  | $ | 2.26 |
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Earnings per share from continuing operations |  | $ | 0.15 |  |  | $ | 0.36 |  |  | $ | 1.13 |  |  | $ | 2.27 |
Earnings (loss) per share from discontinued operations |  |  | — |  |  |  | — |  |  |  | 0.02 |  |  |  | (0.01 | )
Earnings per share attributable to Blue Ridge Bankshares, Inc. |  | $ | 0.15 |  |  | $ | 0.36 |  |  | $ | 1.15 |  |  | $ | 2.26 |

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