Earnings Per Share

9 Months Ended

Sep. 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 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