Earnings Per Share

12 Months Ended

Dec. 31, 2023

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 years ended December 31, 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 period. For the years ended December 31, 2022 and 2021, 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 and 9,898 dilutive weighted average common shares outstanding for the years ended December 31, 2022 and 2021, respectively, which were attributable to exercisable stock options and PSAs.


	For the years ended December 31,
(Dollars in thousands, except per share data)	2023			2022			2021
Weighted average common shares outstanding, basic		18,939,471			18,811,484			17,840,675
Effect of dilutive securities		—			13,134			9,898
Weighted average common shares outstanding, dilutive		18,939,471			18,824,618			17,850,573

Net (loss) income:
Net (loss) income from continuing operations	$	(51,773	)	$	16,997		$	52,624
Net income (loss) from discontinued operations		—			337			(144	)
Net income from discontinued operations attributable to noncontrolling interest		—			(1	)		(3	)
Net (loss) income attributable to Blue Ridge Bankshares, Inc.	$	(51,773	)	$	17,333		$	52,477

Basic and diluted (loss) earnings per share:
(Loss) earnings per share from continuing operations	$	(2.73	)	$	0.90		$	2.95
(Loss) earnings per share from discontinued operations		—			0.02			(0.01	)
(Loss) earnings per share attributable to Blue Ridge Bankshares, Inc.	$	(2.73	)	$	0.92		$	2.94