Earnings Per Share

9 Months Ended

Sep. 30, 2023

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 and nine months ended September 30, 2023, all outstanding stock options and PSAs of the Company’s common stock were considered anti-dilutive and excluded from the computation of diluted EPS, due to the net loss in the same respective periods. For the three and nine months ended September 30, 2022, no stock options for the Company's common stock were considered anti-dilutive and excluded from the computation of diluted EPS, and there were no outstanding PSAs during these periods.


	For the three months ended					For the nine months ended
(Dollars in thousands, except per share data)	September 30, 2023			September 30, 2022		September 30, 2023			September 30, 2022
Weighted average common shares outstanding, basic		19,014,883			18,849,246		18,907,921			18,796,297
Effect of dilutive securities		—			10,847		—			14,254
Weighted average common shares outstanding, dilutive		19,014,883			18,860,093		18,907,921			18,810,551

Net (loss) income:
Net (loss) income from continuing operations		(41,371	)		2,736	$	(46,014	)	$	21,273
Net income from discontinued operations		—			—		—			337
Net income from discontinued operations attributable to noncontrolling interest		—			—		—			(1	)
Net (loss) income attributable to Blue Ridge Bankshares, Inc.	$	(41,371	)	$	2,736	$	(46,014	)	$	21,609

Basic (loss) earnings per share:
(Loss) earnings per share from continuing operations	$	(2.18	)	$	0.15	$	(2.43	)	$	1.13
(Loss) earnings per share from discontinued operations		—			—		—			0.02
(Loss) earnings per share attributable to Blue Ridge Bankshares, Inc.	$	(2.18	)	$	0.15	$	(2.43	)	$	1.15