Earnings Per Share

12 Months Ended

Dec. 31, 2022

Note 16. Earnings Per Share

The following table shows the calculation of basic and diluted 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 twelve months ended December 31, 2022, 2021, and 2020, no stock options or PSAs for shares of the Company’s common stock were considered anti-dilutive. Weighted average common shares outstanding, basic and dilutive, for all periods presented are presented on a post Stock Split basis. The Company had 13,134, 9,898, and zero dilutive weighted average common shares outstanding for the years ended December 31, 2022, 2021, and 2020 respectively, which were attributable to exercisable stock options and time-based RSAs.


	For the years ended December 31,
(Dollars in thousands, except per share data)	2022			2021			2020
Weighted average common shares outstanding, basic		18,811,484			17,840,675			8,535,606
Effect of dilutive securities		13,134			9,898			—
Weighted average common shares outstanding, dilutive		18,824,618			17,850,573			8,535,606

Net income:
Net income from continuing operations	$	27,577		$	52,624		$	17,837
Net income (loss) from discontinued operations		337			(144	)		(140	)
Net income from discontinued operations attributable to noncontrolling interest		(1	)		(3	)		(1	)
Net income attributable to Blue Ridge Bankshares, Inc.	$	27,913		$	52,477		$	17,696

Basic earnings per share:
Earnings per share from continuing operations	$	1.46		$	2.95		$	2.07
Earnings (loss) per share from discontinued operations		0.02			(0.01	)		(0.02	)
Earnings per share attributable to Blue Ridge Bankshares, Inc.	$	1.48		$	2.94		$	2.05

Diluted earnings per share:
Earnings per share from continuing operations	$	1.46		$	2.95		$	2.07
Earnings (loss) per share from discontinued operations		0.02			(0.01	)		(0.02	)
Earnings per share attributable to Blue Ridge Bankshares, Inc.	$	1.48		$	2.94		$	2.05