Earnings Per Share

3 Months Ended

Mar. 31, 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 months ended March 31, 2023 and 2022, stock options and PSAs for 1,643 and 0 shares of the Company’s common stock, respectively, were considered anti-dilutive and excluded from the computation of diluted EPS.


	For the three months ended March 31,
(Dollars in thousands, except per share data)	2023		2022
Weighted average common shares outstanding, basic		18,856,515		18,772,258
Effect of dilutive securities		3,506		17,087
Weighted average common shares outstanding, dilutive		18,860,021		18,789,345

Net income:
Net income from continuing operations	$	1,604	$	17,420
Net income from discontinued operations		—		337
Net income from discontinued operations attributable to noncontrolling interest		—		(1	)
Net income attributable to Blue Ridge Bankshares, Inc.	$	1,604	$	17,756

Basic earnings per share:
Earnings per share from continuing operations	$	0.09	$	0.93
Earnings per share from discontinued operations		—		0.02
Earnings per share attributable to Blue Ridge Bankshares, Inc.	$	0.09	$	0.95

Diluted earnings per share:
Earnings per share from continuing operations	$	0.09	$	0.93
Earnings per share from discontinued operations		—		0.02
Earnings per share attributable to Blue Ridge Bankshares, Inc.	$	0.09	$	0.95