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Earnings Per Share | 12 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
Earnings Per Share | Note 16. Earnings Per Share (Restated) This note has been restated to reflect the changes described in the Explanatory Note and Note 23 to the Consolidated Financial Statements included in this Form 10-K/A. 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, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
(Dollars in thousands, except per share data) |  | (Restated) |  |  |  |  |  |  |
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 |  | $ | 16,997 |  |  | $ | 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. |  | $ | 17,333 |  |  | $ | 52,477 |  |  | $ | 17,696 |
Basic earnings per share: |  |  |  |  |  |  |  |  |
Earnings per share from continuing operations |  | $ | 0.90 |  |  | $ | 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. |  | $ | 0.92 |  |  | $ | 2.94 |  |  | $ | 2.05 |
Diluted earnings per share: |  |  |  |  |  |  |  |  |
Earnings per share from continuing operations |  | $ | 0.90 |  |  | $ | 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. |  | $ | 0.92 |  |  | $ | 2.94 |  |  | $ | 2.05 |

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