Brief: Blue Ridge Bankshares Inc Announces First Quarter 2023 Results
27/04/2023 22:52
April 27 (Reuters) - Blue Ridge Bankshares Inc BRBS.A :
* BLUE RIDGE BANKSHARES:"WE CONSERVATIVELY ADDED ADDITIONAL
FUNDING TO BALANCE SHEET, WHICH DID CREATE NEGATIVE IMPACT ON
EARNINGS IN LAST PART OF QUARTER"
* BLUE RIDGE BANKSHARES INC - CONTINUED SHARP INCREASE IN
SHORT-TERM INTEREST RATES HAS SIGNIFICANTLY IMPACTED FUNDING
COSTS
* BLUE RIDGE BANKSHARES INC - DEPOSITS WERE $2.76 BILLION AT
MARCH
31, 2023, AN INCREASE OF $258.5 MILLION, OR 10.3%, FROM PRIOR
QUARTER-END
Source text for Eikon: ID:nPnNPl9ka
Further company coverage: BRBS.A
((Reuters.Briefs@thomsonreuters.com;))
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