Blue Ridge Bankshares Inc 2025年度报告

☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2025or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ___________ to ___________Commission File Number: 001-39165 BLUE RIDGE BANKSHARES, INC. (Exact Name of Registrant as Specified in its Charter) 54-1838100I.R.S. EmployerIdentification No. 23226Zip Code Securities registered pursuant to Section 12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. Accelerated filer Smaller reporting company Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that preparedor issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included inthe filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ The aggregate market value of voting stock held by non-affiliates of the registrant at June 30, 2025, based on the closing sale price of the registrant’scommon stock on June 30, 2025, was approximately $196,878,364. The registrant had 91,340,481 shares of common stock, no par value per share, outstanding as of March 2, 2026. DOCUMENTS INCORPORATED BY REFERENCE The information required by Part III of this Form 10-K will be included in the registrant’s definitive proxy statement for the 2026 annual meeting ofshareholders and incorporated herein by reference or in an amendment to this Form 10-K filed within 120 days after the end of the fiscal year covered bythis Form 10-K. Blue Ridge Bankshares, Inc.Table of ContentsPART I Item Item 1:BusinessItem 1A:Risk FactorsItem 1B:Unresolved Staff CommentsItem 1C:CybersecurityItem 2:PropertiesItem 3:Legal ProceedingsItem 4:Mine Safety Disclosures PART II Item 5:Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities29Item 6:[Reserved]30Item 7:Management’s Discussion and Analysis of Financial Condition and Results of Operations30Item 7A:Quantitative and Qualitative Disclosures About Market Risk53Item 8:Financial Statements and Supplementary Data58Item 9:Changes in and Disagreements with Accountants on Accounting and Financial Disclosure104Item 9A:Controls and Procedures104Item 9B:Other Information105Item 9C:Disclosure Regarding Foreign Jurisdictions that Prevent Inspections105 PART III Item 10:Directors, Executive Officers and Corporate Governance106Item 11:Executive Compensation106Item 12:Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters106Item 13:Certain Relationships and Related Transactions, and Director Independence107Item 14:Principal Accountant Fees and Services107 PART IV Item 15:Exhibits and Financial Statement Schedules108Item 16:Form 10-K Summary110 PART I ITEM 1: BUSINESS General Blue Ridge Bankshares, Inc. (the “Company”) is a bank holding company headquartered