DOLL AMIR & ELEY PARTNERS NAMED TO INAUGURAL LEGAL 500 – CALIFORNIA ELITE LIST

EIN Newswire on February 7, 2026

LOS ANGELES, CA, UNITED STATES, January 29, 2026 /EINPresswire.com/ — Doll Amir & Eley LLP announced that Co-Founders Michael Amir, Gregory Doll, and Hunter Eley are named to the inaugural The Legal 500 – Los Angeles Elite, a distinction recognizing top regional lawyers who deliver exceptional, market-leading work. The attorneys and the firm were honored in the Commercial Disputes category, reflecting Doll Amir’s excellence in managing complex, high-stakes litigation and resolving intricate commercial disputes for clients across industries.

Michael Amir is a distinguished litigator with more than three decades of experience handling high-stakes, bet-the-company matters for leading clients across healthcare, banking, technology, education, and both national and mid-sized enterprises, as well as high-net-worth individuals. He has secured landmark victories, including obtaining a pivotal preliminary injunction on behalf of a company against a former executive accused of misappropriating corporate assets. Amir routinely serves as lead counsel in complex jury and bench trials, arbitration proceedings, and appellate matters, including cases before the California Supreme Court. Amir and Eley were named 2025 “Legal Visionaries” by Los Angeles Times.

Gregory Doll is a highly regarded trial attorney with nearly three decades of experience handling complex, high-stakes intellectual property and business litigation. Renowned for his precision, strategic insight, and courtroom skill, he represents leading corporations, boutique firms, and top entertainment clients, including talent agencies, studios, and production companies. Doll’s expertise spans copyright, artificial intelligence, and other cutting-edge issues at the intersection of technology and entertainment. He manages large portfolios of business disputes and consumer claims, including high-stakes trials and class actions, and is a sought-after media commentator on prominent entertainment and technology cases. Doll has received repeated recognition as a Southern California Super Lawyer since 2006 and an Honorary Fellow of the Litigation Counsel of America.

Hunter Eley is a leading trial attorney who serves as lead counsel in class action and individual lawsuits nationwide, achieving successful outcomes at every level. He has argued cases of first impression before the Ninth Circuit and routinely appears in state and federal trial courts throughout the country on behalf of major financial institutions and corporations. Eley’s practice spans the full spectrum of the consumer lending industry and cross-border matters in the U.S. and Canada, including arbitrations before the Writers Guild of America, the Directors Guild of America, and the Independent Film and Television Alliance. He was honored with Amir as a 2026 “Leading Litigator in America by Lawdragon.
The Legal 500 – Los Angeles Elite evaluates lawyers through a rigorous process that includes client feedback, peer interviews, and review of significant matters demonstrating meaningful local impact.

Jonathan Fitzgarrald
Equinox Strategy Partners
+1 310-601-6008
email us here
Visit us on social media:
LinkedIn

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Kandahar University Highlights Global Disparities in Neurosurgical Workforce and Access to Care

EIN Newswire on February 7, 2026

Article outlines workforce shortages, systemic barriers, and policy strategies affecting neurosurgical care worldwide

KANDAHAR, AFGHANISTAN, January 29, 2026 /EINPresswire.com/ — Access to safe and timely neurosurgical care remains limited in most parts of the world. In a correspondence published in the Chinese Neurosurgical Journal, the authors examine persistent global inequities in the neurosurgical workforce and access to care. Drawing on existing workforce data and international policy frameworks, they highlight a growing mismatch between neurosurgical demand and available expertise, particularly in resource-limited settings.

Neurological disorders contribute to nearly nine million deaths globally each year, and an estimated 22.6 million new cases require neurosurgical attention annually, of which approximately 13.8 million require surgical intervention. Despite this burden, access to safe and timely neurosurgical care remains limited for more than two-thirds of the world’s population, particularly in low- and middle-income countries (LMICs). This gap has increasingly been recognized as a major global public health concern.

A new article, published on November 20, 2025, in the print and online versions of the Chinese Neurosurgical Journal, authored by researchers from Kandahar University, led by Dr. Ehsanullah Alokozay, discusses global neurosurgical workforce shortages, systemic barriers, and policy strategies shaping access to care worldwide.

A central challenge identified is the global shortage of trained neurosurgeons. Current estimates suggest a deficit of approximately 23,300 neurosurgeons worldwide, with the most severe shortages concentrated in Africa and Southeast Asia. Many countries remain below the minimum workforce target of 0.5 neurosurgeons per 100,000 population, a level widely regarded as necessary to meet essential neurosurgical needs. If current trends persist, more than half of LMICs are projected to miss this benchmark.

“The correspondence emphasizes that increasing workforce numbers alone will be insufficient to address these gaps. Structural barriers continue to limit training, retention, and career progression, particularly in LMICs,” highlights Dr. Alokozay. Limited access to advanced training, insufficient funding, lack of structured mentorship, and significant work–life imbalance—reported by approximately 87–90% of early-career neurosurgeons—are commonly cited challenges, particularly in LMICs. These factors contribute to burnout and undermine long-term workforce sustainability.

Beyond structural limitations, persistent inequities related to gender and race further constrain workforce development. Disparities in career advancement highlight the need for more inclusive professional environments that support retention and leadership development. According to the authors, addressing these inequities is essential for building a resilient neurosurgical workforce capable of meeting rising global demand.

To reduce disparities, the authors point to policy-level and system-level strategies that embed neurosurgical care within broader health planning. Integration of neurosurgical services into National Surgical, Obstetric, and Anesthesia Plans is highlighted as a key recommendation, aligned with priorities outlined in the Boston Declaration 2025. Such integration allows workforce development and service delivery to be aligned with long-term national health strategies.

Global policy initiatives, including the World Health Organization’s Intersectoral Global Action Plan on epilepsy and other neurological disorders, further reinforce the importance of integrating neurological and neurosurgical care into primary health systems. Alignment with these frameworks supports coordinated investment, accountability, and evidence-based decision-making.

Telemedicine is also presented as a complementary approach to expanding access to neurosurgical expertise. Remote consultations, virtual training, and postoperative follow-up have shown potential to reduce travel burdens and improve continuity of care. However, the authors note that infrastructure limitations, regulatory challenges, and workforce capacity constraints remain significant barriers in many LMICs.

The correspondence concludes that closing gaps in global neurosurgical care will require sustained investment, evidence-driven policy reform, and coordinated global collaboration. “Strengthening the neurosurgical workforce, addressing systemic barriers, and embedding neurosurgical services within broader health frameworks are identified as critical steps toward achieving equitable access to care worldwide,” concludes Dr. Alokozay.

Reference
Title of original paper: Addressing global disparities in neurosurgical workforce and access to care
Journal: Chinese Neurosurgical Journal
DOI: https://doi.org/10.1186/s41016-025-00419-1


About Kandahar University
Kandahar University is a public higher education institution in Kandahar, Afghanistan, established in 1990 under the Ministry of Higher Education. It offers undergraduate and postgraduate programs across disciplines, including medicine, engineering, agriculture, law, economics, education, and computer science, serving as a key academic hub in southern Afghanistan.


About Dr. Ehsanullah Alokozay from Kandahar University

Dr. Ehsanullah Alokozay is a medical academic and researcher affiliated with the Faculty of Medicine, Kandahar University, Afghanistan. His scholarly work focuses on clinical medicine and global public health, with particular attention to healthcare access and workforce disparities in low-resource settings. He has contributed to peer-reviewed international journals, including correspondence and research articles addressing maternal health outcomes and neurosurgical workforce inequities. Through his research, Alokozay highlights structural gaps in healthcare delivery in Afghanistan and comparable regions, aiming to inform policy discussions and strengthen evidence-based medical practice in resource-limited health systems.

Funding information
This research received no specific grant from any funding agency in the public, commercial, or not-for-profit sectors.

Ehsanullah Alokozay
Kandahar University
hebibzaiehsanullah@gmail.com
+86 10-6263-5992

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Bancorp 34, Inc. Reports 4th Quarter Performance

Southwest Heritage Bank on February 7, 2026

Fourth Quarter 2025 Highlights

  • Net Income – $1.5 million

  • Bank Net Income – $1.8 million

  • TBVPS – $12.33

  • Diluted EPS- $0.19

SCOTTSDALE, AZ / ACCESS Newswire / January 29, 2026 / Bancorp 34, Inc. (OTCID:BCTF), the parent company for Southwest Heritage Bank, together, the “Company” reports fourth quarter of 2025 performance.

Management Comments – Ciaran McMullan, Chairman & CEO

  • Loan growth improved for the second consecutive quarter, with linked-quarter growth of 3.2%, or 12.8% annualized

  • Driven by strong performance in Arizona, with our Greater Phoenix Market up 4.7% (18.8% annualized) and our Tucson Market up 2.3% (9.2% annualized) quarter-over-quarter.

  • Total commitments1 booked in the fourth quarter reached a post-merger single quarter record of $45 million and totaled $135 million for the full year.

  • Deposit mix continued to improve, with non-maturity deposits rising to 77% of total deposits and cost of funds declining 9 basis points to 2.54%.

  • Core2 ROAA improved for the fifth consecutive quarter to 0.62%, up 94% year-over-year.

  • Tangible book value per share increased to $12.33, representing 17% growth for full-year 2025.

  • The Bank reached a positive agreement on the $7.8 million non-accrual loan downgraded in Q3 2025, adding significant collateral and converting the loan to a fully amortizing structure.

4Q25 Highlights

Net Income and NIM

  • Net income improved significantly over Q4 2024 but declined over the linked quarter due to the impact of a reverse provision in the prior quarter.

  • Net Operating Income (pre-tax pre-provision) increased by 8% over the linked quarter, primarily driven by an improved NIM.

  • The NIM increased 29bp over the linked quarter due to a reduction in cost of funds and improved asset mix.

  • Non-interest expense remained flat compared to the linked quarter and declined by ~$2.0 million, or 23%, over the prior year.

Balance Sheet

  • Total deposits were stable through the quarter, and our deposit mix improved, driven by a decline in CDs offset by gains in non-maturity deposits.

  • Total loans increased by $22 million, or 3.2%, during the quarter and by 5.4% for the full year of 2025.

Asset Quality

  • NPAs4 were stable during the quarter with the small ratio increase attributed to a decline in average assets.

  • The dollar volume of the ACL was stable and represented 1.37% of total loans.

Capital

  • TBVPS increased by $0.26 during the quarter, $0.03 of which was due to a reduction in AOCI.

  • The bank’s Tier 1 Leverage Ratio increased to 12.89%.

Performance Metrics (Consolidated)

4Q25

3Q25

4Q24
ROATA

0.66

%

0.74

%

0.06

%
ROATE

6.66

%

7.91

%

0.74

%
Core2 ROATA

0.62

%

0.59

%

0.32

%
Core2 ROATE

6.21

%

6.18

%

6.37

%
Net Interest Margin

3.65

%

3.47

%

3.70

%
Cost of Funds

2.54

%

2.64

%

2.76

%
Overhead Ratio3

2.86

%

2.79

%

3.61

%
Efficiency Ratio

81.78

%

81.17

%

97.32

%
NPA4

1.02

%

1.00

%

0.32

%
ACL to Total Loans

1.37

%

1.41

%

1.50

%
Select Metrics (Bank Only)

4Q25

3Q25

4Q24
ROATA

0.82

%

0.85

%

0.18

%
Core2 ROATA

0.77

%

0.68

%

0.44

%
Net Interest Margin

3.81

%

3.61

%

3.85

%
Core Efficiency Ratio

75.82

%

74.62

%

82.35

%
Balance Sheet (in 000s)

4Q25

3Q25

4Q24
Total Assets

$

897,636

$

899,621

$

917,417
Total Loans

$

712,492

$

690,519

$

676,092
Total Deposits

$

760,585

$

760,273

$

792,566
Total Capital

$

96,823

$

95,260

$

86,515
TBVPS

$

12.33

$

12.07

$

10.54
Income Statement
(000s except EPS)

4Q25

3Q25

4Q24
Net Interest Income

$

7,856

$

7,740

$

8,269
Non-interest Income

$

204

$

242

$

348
Non-interest Expense

$

6,454

$

6,494

$

8,409
Net Operating Income

$

1,606

$

1,488

$

208
Net Income

$

1,490

$

1,733

$

149
Core2 Net Income

$

1,387

$

1,355

$

736
Diluted Earnings per Share

$

0.19

$

0.24

$

0.01

1 – Includes new loan balances disbursed and new unfunded commitments. Source: Internal Reporting

2 – Non-GAAP, excludes merger related accretion and amortization, as well as material non-recurring income and expense items.

3 – Non-interest expense as a percentage of average assets

4 – NPA is non-performing assets as a % of total assets, net of government guarantees.

ABOUT BANCORP 34, INC. – Bancorp 34 is the holding company for Southwest Heritage Bank. The bank’s headquarters are located at 8777 East Hartford Drive, Suite 100, Scottsdale, Arizona 85255. In addition, we operate seven full-service community bank branches, two in Maricopa County, Arizona, in the cities of Scottsdale and Gilbert; three in Pima County, Arizona, in the cities of Tucson and Green Valley; one branch in Otero County, New Mexico in the city of Alamogordo; and one branch in Dona Ana County New Mexico, in the city of Las Cruces.

FORWARD-LOOKING STATEMENTS – Certain statements herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as “believes,” “will,” “expects,” “project,” “may,” “could,” “developments,” “strategic,” “launching,” “opportunities,” “anticipates,” “estimates,” “intends,” “plans,” “targets” and similar expressions. These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to, general economic conditions, changes in interest rates, the effects of any health pandemic, regulatory considerations, competition and the other risks. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Forward-looking statements speak only as of the date they are made, and we assume no obligation to update any of these statements in light of new information, future events or otherwise unless required under federal securities laws.

NON-GAAP FINANCIAL MEASURES- Some of the financial measures included in this release are not measures of financial performance recognized in accordance with generally accepted accounting principles in the United States (“GAAP”). These non-GAAP financial measures include: (i) core net income; (ii) core net interest margin; (iii) core ROAA; (iv) core ROAE (v) core ROATA; (vi) core ROATE; (vii) core NIE to average assets; and (viii) core efficiency ratio. We believe these non-GAAP financial measures provide investors and management with a more complete understanding of our financial position and performance. These non-GAAP financial measures are supplemental and are not a substitute for any analysis based on GAAP financial measures. Not all companies use the same calculation of these measures; therefore, this presentation may not be comparable to other similarly titled measures as presented by other companies. A reconciliation of our non-GAAP financial measures to the comparable GAAP financial measures is included at the end of the financial statement tables.

Select Financial Ratios

4Q25

3Q25

4Q24
Return on Average Assets (ROAA)

0.66

%

0.74

%

0.06

%
Core5 ROAA

0.62

%

0.58

%

0.32

%
Return on Average Tangible Assets (ROATA)

0.66

%

0.75

%

0.06

%
Core5 ROATA

0.62

%

0.59

%

0.32

%
Return on Average Equity (ROAE)

6.18

%

7.35

%

0.68

%
Core5 ROAE

5.71

%

5.74

%

3.36

%
Return on Average Tangible Equity

6.66

%

7.91

%

0.74

%
Core5 ROATE

6.21

%

6.18

%

3.70

%
Overhead Ratio

2.86

%

2.79

%

3.61

%
Core5 Overhead Ratio

2.68

%

2.54

%

2.74

%
Efficiency Ratio

81.78

%

81.17

%

97.32

%
Core5 Efficiency Ratio

80.46

%

77.85

%

86.58

%
Net Interest Margin

3.65

%

3.47

%

3.70

%
Core6 Net Interest Margin

3.36

%

3.30

%

3.17

%
Cost of Funds

2.54

%

2.64

%

2.76

%
Earnings Per Share (EPS)

$

0.19

$

0.24

$

0.01
Diluted EPS

$

0.19

$

0.24

$

0.01
Bank Regulatory Capital Ratios

4Q25

3Q25

4Q24
Tier 1 Leverage Capital Ratio

12.89

%

12.26

%

11.06

%
Common Equity Tier 1 Capital Ratio

14.15

%

14.29

%

13.74

%
Tier 1 Capital Ratio

14.15

%

14.29

%

13.74

%
Total Risk-based Capital Ratio

15.40

%

15.54

%

15.00

%
Credit Quality7

4Q25

3Q25
Total Classified Loans

$

12,592

$

15,131
Classified – Accrual Loans

$

3,434

$

5,835
Classified – Non-Accrual Loans

$

9,158

$

9,296
Non-Performing Assets

$

9,158

$

9,296
Total Classified / Total Loans

1.77

%

2.19

%
Adversely Classified Items/Total Capital

10.02

%

12.25

%

Period

GAAP Net Income

Loan Mark Accretion
CDI
Amortization

Non-Recurring Items8

Core Net Income9

4Q25

$

1,490

$

-540

$

371

$

33

$

1,387

3Q25

$

1,733

$

-571

$

386

$

-319

$

1,355

4Q24

$

149

$

-1,112

$

415

$

1,478

$

736

5 – Non-GAAP, excludes merger related accretion and amortization, as well as material non-recurring income and expense items.

6 – Non-GAAP, excludes merger related fair value mark accretion and amortization.

7 – Classified and non-performing assets are net of government guarantees

8 – Includes Loan ACL reverse provision

9 – Non-GAAP, Assumes 25% tax rate

BALANCE SHEET (in 000s)

4Q25

3Q25

4Q24
Assets
Cash and due from banks

3,208

3,158

3,675
Fed funds sold & repos

1,055

4,200

2,085
Interest bearing deposits with banks

30,494

47,123

107,836
Investment securities

107,850

109,151

85,522
Loans, net of unearned income

712,492

690,519

676,092
Allowance for credit losses

-9,734

-9,733

-10,160
Premises and equipment, net

10,721

11,085

12,482
Accrued interest receivable

2,728

2,543

2,613
Core deposit intangible

6,038

6,409

7,589
Other assets

32,786

35,166

29,683
Total Assets

897,636

899,621

917,417
Liabilities
Non-interest bearing deposits

163,620

163,339

187,048
Interest bearing demand deposits

102,390

105,347

101,546
Savings and money market deposits

318,823

301,835

262,917
Time deposits – retail

170,682

184,682

232,973
Time deposits – wholesale

5,070

5,070

8,082
Total Deposits

760,585

760,273

792,566
Accrued expenses and other liabilities

12,948

16,828

10,633
Other borrowings

27,280

27,261

27,703
Total Liabilities

800,813

804,362

830,902
Equity
Common stock

74

74

74
Capital surplus

66,274

66,482

67,317
Retained earnings

25,989

25,989

24,300
Accumulated other comprehensive loss

-3,375

-3,656

-5,578
Net income

7,861

6,371

1,689
Unearned ESOP shares

0

0

-1,287
Total Equity

96,823

95,260

86,515
Total Liabilities & Equity

897,636

899,621

917,417
INCOME STATEMENT (in 000s)

4Q25

3Q25

4Q24
Interest Income
Interest on Loans

11,167

10,836

11,594
Fees on Loans

97

119

181
Interest on federal funds sold

46

49

878
Interest on deposits with banks

404

997

587
Investment Securities – Taxable

1,190

1,199

827
Total Interest Income

12,904

13,200

14,067
Interest Expense
Interest bearing demand deposits

408

404

335
Savings and Money Market Deposits

2,600

2,690

2,373
Time Deposits – Retail

1,645

1,967

2,620
Time Deposits – Wholesale

53

53

85
Total Interest Expense on Deposits

4,706

5,114

5,413
Interest on other borrowings

342

345

385
Total Interest Expense

5,048

5,460

5,798
Net Interest Income

7,856

7,740

8,269
Provision for Credit Losses

-157

-700

-41
Net In. Inc. After Prov. for Credit Losses

8,013

8,440

8,310
Non Interest Income
Service charges and fees

139

141

158
Mortgage loan and related fees

21

26

14
Other noninterest income

44

75

176
Total Non Interest Income

204

242

348
Non Interest Expense
Salaries and employee benefits

3,422

3,418

3,882
Occupancy

724

540

706
Other noninterest expense

2,308

2,536

3,821
Total Non Interest Expense

6,454

6,494

8,409
Income Before Taxes

1,763

2,188

249
Income taxes

273

455

100
Net Income

1,490

1,733

149
INCOME STATEMENT (in 000s)

Year Ended Dec 31, 2025

Year Ended Dec 31, 2024
Interest Income
Interest on Loans

44,197

43,308
Fees on Loans

509

705
Interest on federal funds sold

196

1,709
Interest on deposits with banks

3,761

2,519
Investment Securities – Taxable

4,524

2,544
Total Interest Income

53,187

50,785
Interest Expense
Interest bearing demand deposits

1,514

1,037
Savings and Money Market Deposits

10,177

8,996
Time Deposits – Retail

8,182

8,603
Time Deposits – Wholesale

220

380
Total Interest Expense on Deposits

20,093

19,016
Interest on other borrowings

1,382

2,471
Total Interest Expense

21,475

21,487
Net Interest Income

31,712

29,298
Provision for Credit Losses

-3,607

3,825
Net In. Inc. After Prov. for Credit Losses

35,319

25,473
Non Interest Income
Service charges and fees

582

643
Mortgage loan and related fees

36

-52
Other noninterest income

385

4,959
Total Non Interest Income

1,003

5,550
Non Interest Expense
Salaries and employee benefits

13,740

12,939
Occupancy

2,689

2,523
Other noninterest expense

9,944

14,946
Total Non Interest Expense

26,373

30,408
Income Before Taxes

9,949

615
Income taxes

2,088

-1,074
Net Income

7,861

1,689

Average Balance Sheet and Yields
For the Three Months Ended

December 31, 2025

September 30, 2025

Average Balance

Interest

Average Yield/Rate

Average Balance

Interest

Average Yield/Rate
Interest Earning Assets:
Federal funds sold

$

4,594,293

$

46,392

4.01

%

$

4,357,283

$

48,758

4.44

%
Deposits with banks

43,357,135

404,053

3.70

%

92,046,784

997,294

4.30

%
Investment securities

113,686,437

1,189,745

4.15

%

105,746,137

1,198,727

4.50

%
Loans

696,214,926

11,264,177

6.42

%

680,493,148

10,954,738

6.39

%
Total Interest Earning Assets

$

857,852,791

$

12,904,367

5.97

%

$

882,643,352

$

13,199,517

5.93

%
Non-Interest Earning Assets

$

44,357,743

$

49,081,977
Total Assets

$

902,210,534

$

931,725,329
Interest Bearing Liabilities:
Interest bearing demand

$

105,364,026

$

407,755

1.54

%

$

106,626,968

$

404,378

1.50

%
Savings and Money Market

311,440,354

2,600,467

3.31

%

310,491,189

2,690,248

3.44

%
Time deposits – Retail

173,597,584

1,645,161

3.76

%

199,560,785

1,967,084

3.91

%
Time Deposits – Wholesale

5,070,000

52,697

4.12

%

5,070,000

52,697

4.12

%
Total Interest Bearing Deposits

595,471,964

4,706,080

3.14

%

621,748,942

5,114,407

3.26

%
Total Borrowed Funds

27,268,568

342,568

4.98

%

27,249,239

345,256

5.03

%
Total Interest Bearing Liabilities

622,740,532

5,048,648

3.22

%

648,998,181

5,459,663

3.34

%
Non-Interest Bearing Deposits

166,241,386

–

0.00

%

172,469,155

–

0.00

%
Total Funding Sources/Cost

788,981,918

5,048,648

2.54

%

821,467,336

5,459,663

2.64

%
Non-Interest Bearing Liabilities

16,823,824

16,649,825
Equity

96,404,792

93,608,168
Total Liabilities and Equity

$

902,210,534

$

931,725,329
Net Interest Income

$

7,855,719

$

7,739,854
Net Interest Margin

3.65

%

3.47

%

Average Balance Sheet and Yields
For the Three Months Ended

December 31, 2025

December 31, 2024

Average Balance

Interest

Average Yield/Rate

Average Balance

Interest

Average Yield/Rate
Interest Earning Assets:
Federal funds sold

$

4,594,293

$

46,392

4.01

%

$

72,095,217

$

878,382

4.85

%
Deposits with banks

43,357,135

404,053

3.70

%

52,093,157

586,857

4.48

%
Investment securities

113,686,437

1,189,745

4.15

%

86,043,852

827,330

3.83

%
Loans

696,214,926

11,264,177

6.42

%

681,792,429

11,774,700

6.87

%
Total Interest Earning Assets

$

857,852,791

$

12,904,367

5.97

%

$

892,024,655

$

14,067,269

6.27

%
Non-Interest Earning Assets

$

44,357,743

$

39,862,881
Total Assets

$

902,210,534

$

931,887,536
Interest Bearing Liabilities:
Interest bearing demand

$

105,364,026

$

407,755

1.54

%

$

102,323,491

$

335,035

1.30

%
Savings and Money Market

311,440,354

2,600,467

3.31

%

272,759,208

2,372,765

3.46

%
Time deposits – Retail

173,597,584

1,645,161

3.76

%

232,093,952

2,619,561

4.49

%
Time Deposits – Wholesale

5,070,000

52,697

4.12

%

8,082,000

85,219

4.19

%
Total Interest Bearing Deposits

595,471,964

4,706,080

3.14

%

615,258,651

5,412,580

3.50

%
Total Borrowed Funds

27,268,568

342,568

4.98

%

34,147,480

385,199

4.41

%
Total Interest Bearing Liabilities

622,740,532

5,048,648

3.22

%

649,406,131

5,797,779

3.55

%
Non-Interest Bearing Deposits

166,241,386

–

0.00

%

183,872,205

–

0.00

%
Total Funding Sources/Cost

788,981,918

5,048,648

2.54

%

833,278,336

5,797,779

2.77

%
Non-Interest Bearing Liabilities

16,823,824

11,125,887
Equity

96,404,792

87,483,313
Total Liabilities and Equity

$

902,210,534

$

931,887,536
Net Interest Income

$

7,855,719

$

8,269,490
Net Interest Margin

3.65

%

3.70

%

Average Balance Sheet and Yields

For the Year Ended

December 31, 2025

December 31, 2024

Average Balance

Interest

Average Yield/Rate

Average Balance

Interest

Average Yield/Rate

Interest Earning Assets:

Federal funds sold

$

4,522,411

$

195,671

4.33

%

$

33,229,074

$

1,709,351

5.14

%

Deposits with banks

88,484,485

3,760,687

4.25

%

57,761,524

2,518,620

4.36

%

Investment securities

108,468,255

4,523,651

4.17

%

93,016,666

2,545,177

2.74

%

Loans

681,695,284

44,706,764

6.56

%

737,781,399

44,012,673

5.97

%

Total Interest Earning Assets

$

883,170,435

$

53,186,773

6.02

%

$

921,788,663

$

50,785,821

5.51

%

Non-Interest Earning Assets

$

41,865,363

$

46,665,175

Total Assets

$

925,035,798

$

968,453,838

Interest Bearing Liabilities:

Interest bearing demand

$

106,053,979

$

1,513,846

1.43

%

$

98,343,350

$

1,036,924

1.05

%

Savings and Money Market

300,517,940

10,176,733

3.39

%

293,566,839

8,996,354

3.06

%

Time deposits – Retail

203,980,032

8,182,156

4.01

%

207,512,473

8,603,466

4.15

%

Time Deposits – Wholesale

5,335,381

219,796

4.12

%

10,209,786

379,620

3.72

%

Total Interest Bearing Deposits

615,887,332

20,092,531

3.26

%

609,632,448

19,016,364

3.12

%

Total Borrowed Funds

27,412,770

1,382,112

5.04

%

70,983,229

2,470,972

3.48

%

Total Interest Bearing Liabilities

643,300,102

21,474,643

3.34

%

680,615,677

21,487,336

3.16

%

Non-Interest Bearing Deposits

178,144,809

–

0.00

%

187,984,450

–

0.00

%

Total Funding Sources/Cost

821,444,911

21,474,643

2.61

%

868,600,127

21,487,336

2.47

%

Non-Interest Bearing Liabilities

11,442,269

(254,388

)

Equity

92,148,618

100,108,099

Total Liabilities and Equity

$

925,035,798

$

968,453,838

Net Interest Income

$

31,712,130

$

29,298,485

Net Interest Margin

3.60

%

3.19

%

Contact: Kevin Vaughn
Chief Financial Officer
(623) 334-6064
BCTF@swhb.com

SOURCE: Southwest Heritage Bank

View the original press release on ACCESS Newswire

/C O R R E C T I O N — Brkthru/

Next PR on February 7, 2026

/C O R R E C T I O N — Brkthru/

PR Newswire

DETROIT, Jan. 29, 2026

In the news release, Brkthru Marks 8th Straight Year of Revenue Growth, Fueled by Outstanding Service & Market Expansion, issued 29-Jan-2026 by Brkthru over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:

Brkthru Marks 8th Straight Year of Revenue Growth, Fueled by Outstanding Service & Market Expansion

Overcoming Early Headwinds & Industry Retraction that Stymied its Competitors, Brkthru Adds 100+ New Clients to Prime for Aggressive M&A Growth Strategy

DETROIT, Jan. 29, 2026 /PRNewswire/ — Brkthru, the digital media company providing white-glove service to help agencies and brands plan, buy and optimize cross-channel campaigns, has marked its 8th consecutive year of revenue growth, helping over 400 clients drive sustainable impact across nearly 20 industry sectors.

With over 2,000 digital campaigns executed in 2025, the company is now poised to launch an acquisition program in 2026 as part of its three-pillar growth strategy spanning new, organic and M&A expansion.

Resilience Drives Record Results

Undaunted by a tumultuous economy, in 2025 Brkthru charted:

  • 8 straight years of incremental revenue growth.
  • 4 consecutive years on the Inc. 5000 List of America’s Fastest-Growing Private Companies.
  • 119 new ad agency partners added in 2025 alone.
  • 6 consecutive years of 35%+ increase in new business revenue.
  • 6 consecutive years with a 90%+ client satisfaction rate.

“The word of the year for us is ‘resilient.’ We dug deep to find opportunities where others couldn’t and adapted quickly to meet clients’ changing needs,” said Brkthru Executive Vice President, Anthony McFarlane.

While the industry overall saw a 12% YoY decline and struggled to recover from a challenging Q1, the Brkthru team’s relentless focus on continuous improvement in the sales process outpaced the industry. “By expanding our client base and continually driving new business while maintaining above average NRR, we overcame those obstacles, making 2025 one of our best years yet.”

More Clients Across All Verticals Fuels Momentum

Brkthru’s digital media expertise and inventory access continue to set it apart from the competition. Where other digital media providers require minimums and quotas that gatekeep digital from most SMBs, there’s no client too big or too small at Brkthru. The company offers custom campaigns that prioritize performance for:

  • A major market Destination Marketing Organization (DMO) that attributed $1 billion in incremental travel spend to their Brkthru campaign.
  • Mass-market retailers, including a major grocery chain with $150M market cap.
  • Highly-regulated industries like financial services, healthcare and political campaigns.
  • Government agencies, including lottery, education and health departments.
  • Local government and public safety agencies leveraging digital media for personnel recruitment.
  • Fractional CMOs—one of the biggest growth areas for the company this year.

“Fractional CMOs have become an important partnership opportunity for us and they appreciate our white-glove service,” said Brkthru President Jonathan Mellinger. “Because we are equipped to work with brands, agencies and fractional CMOs of any size, we’re able to provide access to essentially anything they need in the digital media space and work with them as a true partner, not just a typical vendor.”

People-powered Digital Solutions that Move the Needle

Brkthru’s people-powered approach to digital success is its secret weapon, which this year got a super-boost from:

  • Firm-wide rollout of Brkthru’s new Bravo Platform and AI solutions. This internal workflow platform will save an average of 54 hours per campaign, freeing the Brkthru team from daily tasks and ramping up campaign assembly and execution efficiency.
    “Where most AI tools take people out of the equation,” Mellinger said, “Bravo lets us spend more time face-to-face with clients by automating workflows and reporting, so we can focus on more strategic thinking, intelligent planning and faster campaign optimization.”
  • New options to aggregate CTV and linear TV audience targeting. Now Brkthru advertisers can capture and measure streaming and linear TV audiences together, and even access semi-exclusive inventory customization across 25+ high-value platforms.
  • Industry-leading retention and talent pipeline. While industry-wide turnover hovers around 25%, more than 35% of Brkthru employees have been with the firm for five or more years, and the leadership team boasts a combined 95 years with the firm, giving clients the stability and consistency they need to navigate a fast-changing digital landscape.
  • Above-average Client retention. In an industry where nearly 40% of clients are considering changing partners, clients come to Brkthru and stay. Sixty percent of the company’s top clients have been with the firm for more than five years.
  • Personal and professional growth. Over 150 employees completed the week-long intensive Brkthru U training program, where they learned the nuts and bolts of the “Brkthru Way,” the company’s signature people-first operating ethos that’s tailored for independent agencies.

“We’re heading into 2026 invigorated and energized by what we’ve accomplished this year.” Mellinger said. “Our success is proof that our unique approach to building relationships and saying ‘yes’ where others say ‘no’ is exactly what the market is demanding. We’re extremely grateful for our clients’ trust and can’t wait to help them reach their goals in the coming year.”

To learn more about Brkthru’s highly flexible, no-minimum digital advertising and programmatic media services, visit https://brkthru.com.

About Brkthru

Brkthru is the digital media partner of choice for agencies and brands who value personal service with a human touch. Specializing in highly regulated industries like healthcare, cannabis and higher education, Brkthru prioritizes collaboration, tailored solutions, and a straight-forward approach. The company delivers full-spectrum digital solutions from programmatic, digital display, streaming video, CTV and mobile to native, paid social and digital out of home. Brkthru is privately owned, fully bootstrapped and has been recognized for four consecutive years as one of the Inc. 5000 Fastest-Growing Private Companies. To learn more, visit https://brkthru.com/.

MEDIA CONTACT:
brkthru@nextpr.com

Correction: The third bullet point has been updated for accuracy. 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/brkthru-marks-8th-straight-year-of-revenue-growth-fueled-by-outstanding-service–market-expansion-302673293.html

SOURCE Brkthru

Mevolaxy Announces The Next Stage of Development for Its Mevstake Direction: Mevstake 2.0

Mevolaxy on February 7, 2026

LOS ANGELES, Jan. 30, 2026 (GLOBE NEWSWIRE) —

Mevolaxy has announced the next stage of development for its Mevstake direction – Mevstake 2.0. The key change in the new version lies in the product architecture: a format of personal MEV bots is being implemented instead of a shared operational model.

Mevolaxy

In Mevstake 2.0, each participant receives a dedicated MEV bot that operates within the platform’s set parameters. This means that operations are no longer pooled together but are processed individually at the infrastructure level.

According to the team, this approach allows for:

  • More precise distribution of load,
  • Isolation of processes between users,
  • Simplified system stability control.

From the user’s perspective, the interaction format remains largely unchanged. The MEV bots operate fully automatically – requiring no manual configuration, strategy management, or constant monitoring.

The user does not interact directly with the logic of MEV operations. The result is generated at the system level.

Mevstake 2.0 will be available in limited capacity. Mevolaxy explains this by stating that the personal model requires dedicated computational resources for each participant. This approach simplifies scaling and reduces technical risks at the early stage.

Mevolaxy describes the launch of Mevstake 2.0 not as a new product, but as an evolution of the existing solution. The primary focus is not on changing the terms, but on the internal structure and operating principles of the system.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/db628621-3adc-4065-8c8a-20219fa623cf


Media Contact Information
Mike Thomson
info@cryptotalks.net

Primary Logo

New Cookbook Features Easy-Peasy, Comfort Food Recipes for the Big Game

EIN Newswire on February 7, 2026

DENVER, CO, UNITED STATES, January 29, 2026 /EINPresswire.com/ — A new cookbook, “Cooking with Judith,” features easy-peasy, comfort food recipes your family and friends will enjoy while they watch the Big Game.

“Every winter, the annual Big Game time means eating time. With over 100 million gathering in front of TV screens, there are over 100 million mouths devouring food at the same time,” said cookbook author Judith Briles. “What are you planning on serving at your gathering? Will it be a touchdown … or a sacking?”

“Why not add to the usual chips, dips, burgers, and buns? It’s a multi-hour fest. Create a multi-hour eating experience. It’s winter time, most people are craving comfort foods. I suggest several easy-peasy, mouth-salivating adds to your soiree,” she said.

In her latest book, Cooking with Judith (Mile High Press (978-1885331991), she suggests splurging with her super creamy Mac and Cheese—always a large crowd pleaser and there will be no leftovers. It’s the secret ingredient gooey cheese sauce that keeps the crowd coming back for more. Add her Chicken Salad Boats to satisfy the veggie and protein crowd or toss a winter salad with apples, pears, and pecans.

Judith’s Chicken Salad Boats

Chicken Salad Boats as a perfect appetizer or a mini salad.


Ingredients for 20
Baby Romaine lettuce
2 C Cooked chicken, diced
1 C Mayonnaise
3 T Capers
1/2 C celery, diced
1 T dill
salt and pepper to taste
shredded carrots to top

Putting it all together
Use either a pre-roasted chicken and cut it up OR bake two chicken breasts and thighs each. Dice them up. Mix all other ingredients. Season to taste. Scoop into leaves. Top with carrots.

Dr. Judith Briles is the award-winning and bestselling author of 48 books and calls Colorado home. When she’s not in the kitchen or in the garden, she’s working with clients as The Book Shepherd, a book and publishing consulting and project management firm that works with authors at all stages of their book to create and publish a book they never regret! She’s the founder of the first Authors’ Hall of Fame exclusively dedicated to ensuring the legacy of authors connected in some way with Colorado.

Judith’s books have been translated into 17 countries with over 1,000,000 copies sold! They have been featured in over 2,000 radio and TV shows, including repeat appearances on CNN, CNBC, and Oprah. She has worked with over 1,500 authors and created 500-plus bestsellers. Print publications include Newsweek, People, Time, The Wall Street Journal and … The National Enquirer! Her popular podcast, AuthorU-Your Guide to Book Publishing is dedicated to authors and writers and their success and is ranked in the top ten in four categories on GoodPods.

Press inquiries: Judith Briles, Judith@Briles.com or 303-885-2207.

Judith Briles
JudithBrilesBooks.com
+1 303-885-2207
Judith@Briles.com

Legal Disclaimer:

EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Mary Lou’s Expands to Third Location at the Iconic W South Beach

Mama Hospitality on February 7, 2026

The supper club brings its signature energy to WALL at W South Beach with its latest opening

MIAMI, FL / ACCESS Newswire / January 29, 2026 / Today, the rapidly expanding hospitality and nightlife group from Palm Beach, Mama Hospitality , officially debuts the third location of their iconic supper club and entertainment epicenter with the arrival of Mary Lou’s Miami, which officially opens its doors to revelers tomorrow, Friday, January 30 th . Reviving the nightlife space within W South Beach for a seasonal residency, Mary Lou’s Miami will bring a new era of nostalgic nightlife to Miami Beach as the multi-hyphenate venue blends the vintage charm of the supper club with forward-thinking hedonism and sense of ridiculousness that continues to position the lavish concept uniquely into a category of its own.

Mary Lou’s Miami (credit: World Red Eye)

Mary Lou’s Co-Founders Joe Cervasio, Topher Grubb and Alex Melillo have joined forces with Jamie Reuben of the global luxury real estate group Reuben Brothers to breathe new life into the iconic space. The deal was brought forth through strategic Mama Hospitality partner, Myles Shear of Palm Tree Crew , who originally introduced Reuben to the co-founders – and the alignment was instant. Inspired by Mary Lou’s growth over the past year and their unwavering commitment to unmatched hospitality and unforgettable experiences, Reuben entrusted the trio with the resurrection of one of Miami Beach’s most coveted outposts, and Mary Lou’s Miami was born.

From transforming the historic Berto’s Bait and Tackle into Mary Lou’s flagship Palm Beach location, to bringing the concept out east – where Mary Lou’s Montauk became the most successful hospitality venture to date at 474 West Lake Drive – the driving forces behind Mama Hospitality possess the rare, adept ability to bring beloved cultural spaces of yesterday back to life through a modern lens. Grounded in a shared appreciation for considered hospitality and a keen understanding of nightlife’s ever-evolving landscape, their work bridges past and present with ease, and Mary Lou’s Miami will make no exception to this tradition.

The Muse:

An unapologetic force in the Palm Beach fashion scene, Mary Lou Curtis is the captivating muse behind the concept, and late grandmother of Co-Founder Alex Melillo. Her boutique, La Shack was celebrated along the East Coast for enchanting the likes of Jackie O., Elizabeth Taylor and Betty White with her bold, vibrant and feminine designs, cementing the iconoclast as the region’s resident style savant for decades. As the concept continues to expand, it remains centered around her influence and informed by her extraordinary life no matter the location – taking the scene by storm and inviting a new generation to expect the unexpected and revel in her ethos to “always have a sense of ridiculousness.”

The Venue:

Closed since 2020, WALL lounge at W South Beach was a mainstay in Miami’s nightlife and an integral part of the scene’s legendary lore – frequented by celebrities, a discerning Miamian crowd and a steady rotation of household global DJ names. With Mama Hospitality’s unprecedented ability to reanimate cultural spaces, and Mary Lou’s cult reputation as a modern-day Studio 54, Cervasio, Grubb and Melillo thought the concept the perfect arbiter to carry the torch and rekindle this storied space with their high-end cocktail lounge concept, offering world class design, hospitality and entertainment.

For the breakout residency, the Mary Lou’s team tapped Jason Volenec, and the team at Struct Productions, to reimagine the space into Mary Lou’s Miami. Fusing the brand’s signature surrealist visual identity with the kind of seductive glamour synonymous with Miami Beach, bringing Mary Lou’s to life in the space through an unmistakable coalescence of sensuality and sophistication. Drenched in animal print, rich patterns, and lush textures, this takeover will blur the lines between reverie and reality – a wink to the Mary Lou’s that’s garnered regulars like Michael Jordan, Venus Williams and Baby Jane Holzer. Mary Lou’s Miami arrives as a demonstration of the brand’s adaptability to any market, and showcases their unique aptitude to create atmospheres that are refined as they are indulgent, capturing the city that lies outside of its walls – a testament to Mary Lou’s unfettered success.

The Experience:

A nod to the space’s previous inhabitant, Mary Lou’s Miami promises to be anything but ordinary, you never know who or what you may experience there. Reimagining Miami’s unabashed extravagance and the legendary parties of W South Beach’s storied past, a night at Mary Lou’s Miami is never as it seems. As the energy builds from dinner to dancing and the music plays to a feeling, the atmosphere lends itself to spontaneity – the experience becomes like no other in the scene.

No matter its backdrop, one thing remains constant at Mary Lou’s – hospitality takes center stage. In Miami, the outpost will be home to Mary Lou’s Society , a private members club that elevates the brand’s flippant flair for the fabulous. A rejection of the traditional members club, Mary Lou’s Society doesn’t subscribe to the rules of the private club, rather, enhances the experience of their members through a blend of carefully curated perks, benefits, priority access and preferred reservations. The society creates a haven for a thoughtful, like-minded crowd: friends of the house, members of the local community, and those who move through Miami with care. Mary Lou’s Society moves beyond the who’s who, and into the art of belonging.

For the first time in the concept’s history, Mary Lou’s extends beyond its interiors to Miami Beach’s coveted shoreline, transcending its opulent design and immersive sensibility to debut Mary Lou’s Beach. Reserved specially for members of Mary Lou’s Society, it’s a beach experience by way of Studio 54. Complete with 30 chairs retrofitted with the Mary Lou’s aesthetic, towel service & setup, and impeccable food and beverage offerings, this rare and extremely coveted piece of real estate in the Miami scene is redefining the beach-going as we know it. Exclusive, unexpected and meticulously designed for those who seek the acme of seaside indulgence, here, sun-soaked leisure meets impeccable hospitality, and every detail is engraved with an effortless sense of luxury.

With an atmosphere that’s exclusive, but never performative, the venue will offer an idyllic setting for unforgettable moments with an exhilarating lineup of talent and a commitment to the very playful irreverence and sense of “ridiculousness” that Curtis herself would celebrate. Mary Lou’s Miami refuses to be just a destination for a night out, rather, it will be the defining piece of a new era in Miami nightlife.

Mary Lou’s Miami (credit: World Red Eye)

The Menu Concept:

The Mary Lou’s Miami menu is supper club fare designed for sharing – elevated small plates, luxe bites, and nostalgic classic reimagined for grazing between cocktails and dancing. The cocktail program is ‘classic with a wink’: impeccably made martinis, spirit-forward icons, champagne moments and subtle notes that nod to Miami without feeling literal.

Music & Programming:

Music programming evolves with the night. Evenings begin with a live band during dinner hours, setting the tone, before transitioning to a DJ-led late night as the energy lifts and the room moves fully into dance. Expect a rotating line-up of live musicians, vocalists and DJs spanning disco, funk, soul, house and modern classics – curated to feel immersive, unexpected, and unmistakably Mary Lou’s.

Opening Hours & Reservations:

Mary Lou’s Miami will be open Wednesday, Thursday, Friday and Saturday from 6 p.m. to 2 a.m., and on Sunday 6 p.m. to 12 a.m. Reservations available here.

HI-RES IMAGERY AVAILABLE HERE

PRESS CONTACT: Marylous@sequel-inc.com

L-R: Topher Grubb, Alex Melillo, and Joe Cervasio (credit: World Red Eye)

###

About Mary Lou’s

Mary Lou’s is a refined cocktail lounge and entertainment epicenter reimagining luxury hospitality through a modern lens of irreverence, style, and indulgence. Conceived by acclaimed hospitality innovators Joe Cervasio, Topher Grubb and Alex Melillo, the concept is an homage to the golden era of ’70s and ’80s Palm Beach opulence-and to its namesake, iconoclast, businesswoman, and grandmother of co-founder Alex Melillo – Mary Lou Curtis – Mary Lou’s blends vintage charm with forward-thinking hedonism to create a lush escape that defies expectations. From its flagship in Palm Beach, to Montauk, and now, Miami, each outpost is a sensuous sanctuary where light fare cuisine, handcrafted cocktails and world-class entertainment converge under one roof – every detail, every interaction is designed to feel warm, polished, and effortlessly elegant. An evening at Mary Lou’s – much like the woman who inspired it all -promises to be anything but ordinary, as you never know who or what you may experience. Embracing a philosophy that leans into the absurdly fabulous, Mary Lou’s programming can best be described as “expect the unexpected,” reinforcing a commitment to playful irreverence and a sense of “ridiculousness” that Curtis herself would celebrate.

Welcome to Mary Lou’s. Nothing is as it seems. For more information, please visit www.marylouspb.com . You can also find Mary Lou’s on Instagram @MaryLousPB and @MaryLousMtk.

About Mama Hospitality

Mama Hospitality is the rapidly expanding hospitality and nightlife group based in Palm Beach, co-founded by Joe Cervasio and Alex Melillo. Built on the foundation that “Mama Knows Best,” Mama Hospitality doesn’t just establish brands and operate venues, they conceive cult-favorites – bridging cultures, honoring golden eras and celebrating community in a way that hasn’t been done before. From intimate supper clubs and electric nightlife, to inspired culinary adventures and world-class food, beverage and hospitality programs, the visionaries create moments with local love and global influence – connecting people through experiences that are timeless, enduring and not soon forgotten. Mama Hospitality is home to three Mary Lou’s outposts in Palm Beach, Montauk and Miami, with more exciting concepts on the horizon in 2026. Bringing their world outside of their walls, the group also curates off-site events, taking over some of the scene’s most beloved cultural moments like Art Basel, or high-impact moments like Palm Tree Festivals, as well as creating meaningful partnerships with coveted brands like Saint James and Alice + Olivia. Mama Hospitality’s approach sets them apart from the rest as they usher in a new era of nostalgic nightlife and reshape popular culture on a local and global level.

About W South Beach

Located on Collins Avenue in Miami Beach, W South Beach is a premier oceanfront destination and one of the W brand’s most celebrated U.S. properties. Following a $30 million renovation in November 2020, the hotel boasts 357 enhanced guest suites, a 9,540-square-foot AWAY Spa, and two signature pools-WET and Mini WET-accompanied by five private bungalows and poolside cabanas. Unique amenities include South Beach’s only rooftop basketball, tennis, and pickleball courts at THE COURTS, as well as an impressive art collection featuring works by Jean-Michel Basquiat, KAWS, Rachel Feinstein, and more. Culinary offerings range from THE GROVE, a vibrant New-American eatery, and LIVING ROOM BAR, a nightlife hotspot, to MR CHOW, serving authentic Beijing cuisine. Guests can enjoy weekly curated experiences such as live music, cigar tastings, cocktail workshops, and a robust schedule of fitness and wellness programming presented in partnership with Ahana Yoga and Ahana Fit, ranging from Pilates and restorative yoga to high-intensity training and sculpt classes. A leader in conscious luxury, W South Beach has earned a 4 Green Key Certification for its commitment to sustainable hospitality, implementing energy efficiency, water conservation, and eco-forward design. The property also features a state-of-the-art, 360-degree projection-mapped ballroom and three versatile meeting studios. A dedicated W Insider is available 24/7 to personalize every aspect of the guest experience. For more information, visit www.wsouthbeach.com or follow on Instagram @wsouthbeach.

About Struct Productions

Struct Productions is a multifaceted, global production company specializing in event production, experiential design, custom fabrication, millwork, and hospitality focused construction. With fully integrated divisions for each, Struct delivers projects from initial vision through execution. The company is an industry leader in temporary exhibition design and fabrication, with deep roots in the world’s leading art fairs, while also producing world-class cultural experiences across music, sports, technology, and hospitality. Struct’s permanent buildout capabilities include bespoke retail, hospitality, and food and beverage environments, as well as mass-scale custom fabrication. Trusted by some of the world’s most recognized brands-including Nike, Google, Hulu, Frieze, live Nation, and Formula 1-Struct Productions brings ideas to life at any scale.

SOURCE: Mama Hospitality

View the original press release on ACCESS Newswire

Blue Ridge Bankshares, Inc. Announces 2025 Fourth Quarter and Full Year Results

Blue Ridge Bank, National Association on February 7, 2026

Blue Ridge Bankshares, Inc. Announces 2025 Fourth Quarter and Full Year Results

PR Newswire

RICHMOND, Va., Jan. 29, 2026

A Year of Return to Profitability and Termination of Consent Order 

RICHMOND, Va., Jan. 29, 2026 /PRNewswire/ — Blue Ridge Bankshares, Inc. (the “Company”) (NYSE American: BRBS), the holding company of Blue Ridge Bank, National Association (“Blue Ridge Bank” or the “Bank”) and BRB Financial Group, Inc., today announced financial results for the quarter and year ended December 31, 2025.

For the quarter ended December 31, 2025, the Company reported net income of $4.2 million, or $0.04 per diluted common share, compared to net income of $5.6 million, or $0.06 per diluted common share, for the quarter ended September 30, 2025, and a net loss of $2.0 million, or ($0.03) per diluted common share, for the fourth quarter of 2024. Net income for the third quarter of 2025 included after-tax loan fee income of $2.3 million due to the payoff of the Company’s largest out-of-market loan, while net income for the fourth and third quarters of 2025 included after-tax income of $0.3 million and $0.6 million, respectively, on the 2024 sale of mortgage servicing rights (“MSRs”). For the fourth quarter of 2024, the net loss of $2.0 million included an after-tax loss of $2.0 million on the sale of MSRs.

For the year ended December 31, 2025, the Company reported net income of $10.7 million, or $0.11 per diluted common share, compared to a net loss of $15.4 million, or ($0.31) per diluted common share, for the year ended December 31, 2024. For 2024, the Company reported $3.6 million of after-tax regulatory remediation expenses, while none were reported in 2025.

A Message From Blue Ridge Bankshares, Inc. President and CEO, G. William “Billy” Beale:

“2025 was a breakthrough year for Blue Ridge! The hard work and progress of the last 30 months was rewarded in November with termination of the January 2024 Consent Order issued by the Office of the Comptroller of the Currency (“OCC”). The termination of the Consent Order has a cascading impact on the Bank in areas such as borrowing costs, FDIC insurance premiums, and operating costs. It lessens barriers to capital decisions and strategic opportunities. In the quarter, we received regulatory approval to upstream capital from the Bank to pay a special $0.25 per share dividend to our shareholders.

“We continue to make progress in reducing our noninterest expenses. For example, headcount was reduced by over 30% from year-end 2024 to year-end 2025. You will see reductions in consulting and professional fees as well. The result was much improved earnings over the last two years.

“We are disappointed that our loan portfolio continues to contract mostly because of non-footprint loans made under prior management. We are seeing our loan pipeline increase due to the efforts of our relationship management teams. Despite a very competitive market, we are projecting mid-single digit balance sheet growth and positive momentum as we start the new year.”

Q4 2025 Highlights

(Comparisons for Fourth Quarter 2025 are relative to Third Quarter 2025 unless otherwise noted.)

Net Income:

  • Net income for the quarter was $4.2 million, or $0.04 per diluted common share, compared to net income of $5.6 million, or $0.06 per diluted common share, for the prior quarter.
  • Income before income taxes of $5.4 million for the quarter included a $1.5 million pre-tax recovery of credit losses and $0.4 million of pre-tax income from the 2024 sale of MSRs. The prior quarter income before income taxes of $7.5 million included a $1.8 million pre-tax recovery of credit losses, $0.7 million of pre-tax income on the sale of MSRs, and $3.0 million of pre-tax loan fee income realized upon the payoff of a previously criticized out-of-market loan. The loan fee income resulted from loan modifications in the first quarter of 2025 and was fully realized in the third quarter upon pay off.

Net Interest Income / Net Interest Margin:

  • Net interest income totaled $18.1 million and $21.9 million for the current and prior quarters of 2025, respectively. Excluding the aforementioned loan fee income in the prior quarter, total interest income decreased by $1.7 million in the current quarter, primarily due to the decline in average balances of interest-earning assets of $54.0 million. Interest expense declined by $0.9 million on a sequential quarter basis, largely driven by lower rates on deposit balances. Net interest margin was 3.04% for the quarter compared to 3.60% for the prior quarter. The aforementioned loan fee income in the prior quarter had a 49-basis-point positive effect on prior quarter net interest margin. Excluding the loan fee income, net interest margin declined 7 basis points from the prior to the current quarter.

Capital:

  • On October 27, 2025, the Company announced a special cash dividend of $0.25 per share of the Company’s common stock and warrants to purchase common stock totaling approximately $29.1 million. The dividend was paid on November 21, 2025 to shareholders of record as of the close of business on November 7, 2025.
  • On August 25, 2025, the Company announced the adoption of a share repurchase program pursuant to which the Company may purchase up to $15 million of its issued and outstanding common stock. For the year ended December 31, 2025, the Company had repurchased 802,735 shares of its common stock at a weighted average price of $4.17 per share totaling $3.4 million. Additionally, the Company repurchased outstanding warrants to purchase 3,229,000 shares of its common stock at a weighted average price of $1.90 per warrant totaling $6.1 million.
  • The ratio of tangible common stockholders’ equity to tangible total assets was 13.2%1, compared to 14.2%1 at the prior quarter end. Tangible book value per common share (“TBV”) was $3.651 compared to $4.011 at the prior quarter end. The decline was primarily driven by the special cash dividend, including such dividends accrued to warrant holders, and warrants repurchased, partially offset by earnings for the quarter. TBV does not include the effect of performance-based restricted stock awards totaling 3.4 million shares of the Company’s common stock, which would negatively affect TBV by $0.13 and $0.16 in the respective quarters.
  • At December 31, 2025, the Bank’s tier 1 leverage ratio, tier 1 risk-based capital ratio, common equity tier 1 capital ratio, and total risk-based capital ratio were 13.04%, 18.18%, 18.18%, and 19.16%, respectively, compared to 13.67%, 18.95%, 18.95%, and 19.96%, respectively, at the prior quarter end. Capital ratios for the Company at December 31, 2025 for tier 1 leverage ratio, tier 1 risk-based capital ratio, common equity tier 1 capital ratio, and total risk-based capital ratio were 13.81%, 19.22%, 19.22%, and 20.69%, respectively, compared to 14.70%, 20.37%, 20.37%, and 22.02%, respectively, at the prior quarter end. The decline in these ratios for both the Bank and the Company was a result of the aforementioned special cash dividend and share repurchase program activity.
  • Prior to the termination of the Bank’s Consent Order with the OCC effective November 13, 2025, the Bank was required to maintain a minimum tier 1 leverage ratio of 10.00% and a total risk-based capital ratio of 13.00%. For all quarters in which the Bank was subject to these minimum ratios, which began in the first quarter of 2024, the Bank’s tier 1 leverage and total risk-based capital ratios exceeded the minimum capital ratios set forth in the Consent Order.

Asset Quality:

  • Nonperforming loans, which include nonaccrual loans and loans past due 90 days or more and accruing interest, improved to $23.8 million, or 0.98% of total assets, at December 31, 2025 compared to $28.6 million, or 1.14% of total assets, at the prior quarter end. The decline in nonperforming loans primarily reflects loan payoffs in the fourth quarter. Nonperforming assets, which includes other real estate owned, were $25.4 million, or 1.05% of total assets, at December 31, 2025 compared to $28.8 million, or 1.15% of total assets, at the prior quarter ended.
  • The recovery of credit losses of $1.5 million for the current quarter was primarily due to loan portfolio balance reductions of approximately $47.0 million, a $0.9 million recovery on a loan charged off in 2022, and reductions to reserves on individually evaluated loans. The $1.8 million recovery of credit losses in the prior quarter was primarily due to third quarter loan portfolio balance reductions and a $0.8 million partial recovery of a specialty finance loan charged off in a prior year.
  • The allowance for credit losses as a percentage of total loans held for investment was 1.04% at December 31, 2025 compared to 1.07% at the prior quarter end. Net loan recoveries were $0.3 million in both the current and prior quarters. The net loan recoveries to average loans outstanding ratio (quarter-to-date annualized) was 0.07% for both the current and prior quarters.

Noninterest Income / Noninterest Expense:

  • Noninterest income for the quarter was $2.7 million compared to $3.8 million for the prior quarter. Noninterest income in the fourth and third quarters included $0.4 million and $0.7 million, respectively, of reserves released, primarily due to the receipt of additional sales proceeds that were contractually held back from the 2024 sales of MSRs.
  • Noninterest expense for the quarter was $16.9 million compared to $20.0 million in the prior quarter, a decrease of $3.1 million. This decline was primarily due to lower salaries and employee benefits expense, largely driven by lower incentives and the continued reduction in headcount. Also contributing to the decline in noninterest expense for the quarter was a $0.9 million decrease in legal and consulting fees. Partially offsetting these declines were higher advertising and marketing expenses, as the Bank has accelerated campaigns to drive growth.

Income Tax:

  • Income tax expense for the fourth and third quarters was $1.1 million and $1.9 million, respectively, with an effective income tax rate for the same respective periods of 21.2% and 25.3%.

Balance Sheet:

  • Total assets decreased to $2.43 billion at quarter end from $2.50 billion at the prior quarter end, a reduction of $64.3 million, primarily driven by declines in loans held for investment of $47.0 million and securities available for sale of $8.4 million. Included in the reduction of loans held for investment in the quarter were payoffs and paydowns of approximately $27.8 million of out-of-market loans.
  • Total deposits decreased to $1.91 billion from $1.95 billion at the prior quarter end, a decline of $39.9 million. Deposits, excluding wholesale deposits, decreased $10.7 million in the fourth quarter. Brokered deposit balances declined $29.2 million in the fourth quarter, as existing brokered time deposits were paid off upon maturity. The ratio of noninterest-bearing demand deposits to total deposits was 20.9% and 21.1% as of December 31, 2025 and September 30, 2025, respectively.
  • Total stockholders’ equity decreased to $323.7 million from $355.5 million at the prior quarter end, a decline of $31.8 million. The majority of this decline was attributable to the special cash dividend and $6.1 million in repurchases of warrants to purchase common stock, partially offset by $4.2 million of net income for the quarter.

Income Statement:

Net interest income was $18.1 million and $21.9 million for the fourth and third quarters of 2025, compared to $19.1 million for the fourth quarter of 2024. The third quarter of 2025 reflected $3.0 million of fee income related to the payoff of the aforementioned out-of-market loan. Net interest income for the year ended December 31, 2025 was $78.9 million compared to $78.7 million for the year ended December 31, 2024.

Average balances of interest-earning assets were $2.38 billion for the three months ended December 31, 2025, a decrease of $54.0 million to relative to the prior quarter, and a decrease of $353.3 million from the fourth quarter of 2024. Relative to the prior quarter and the year-ago period, the decrease reflected primarily lower average balances of loans held for investment, loans held for sale, and interest-earning deposits at other banks, partially offset by higher average balances of securities available for sale. The yield on loans held for investment was 5.66% and 6.40% for the fourth and third quarters of 2025, respectively, and 5.83% for the fourth quarter of 2024. Fee income from the payoff of the aforementioned out-of-market loan positively affected the yield on loans held for investment in the third quarter of 2025 by 62 basis points.

Average balances of interest-bearing liabilities were $1.70 billion for the three months ended December 31, 2025, a decrease of $41.9 million relative to the prior quarter, and a decrease of $324.7 million from the fourth quarter of 2024. The decline relative to the prior quarter was primarily attributable to maturing wholesale time deposits. The decline in average balances of interest-bearing liabilities relative to the fourth quarter of 2024 was primarily due to reductions of wholesale time deposits ($163.8 million) and borrowings ($25.1 million of subordinated debt and $23.9 million of advances from the Federal Home Loan Bank of Atlanta).

Cost of funds was 2.54% for the fourth quarter of 2025, compared to 2.65% for the third quarter of 2025, and 3.01% for the fourth quarter of 2024, while cost of deposits was 2.40%, 2.51%, and 2.86%, for the same respective periods. Cost of deposits, excluding wholesale deposits, was 2.04% for the quarter, compared to 2.13% for the prior quarter, and 2.39% for the year-ago quarter period.

Net interest margin was 3.04% for the fourth quarter of 2025 compared to 3.60% in the prior quarter and 2.80% in the fourth quarter of 2024. Fee income from the aforementioned paid off out-of-market loan had a positive 49 basis point effect on net interest margin for the third quarter of 2025. Excluding the effect of the third quarter loan fee, fourth quarter of 2025 net interest margin declined 7 basis points from the third quarter of 2025.

Recoveries of credit losses of $1.5 million, $1.8 million, and $1.0 million were reported for the fourth quarter of 2025, third quarter of 2025, and fourth quarter of 2024, respectively. The recovery of credit losses in the current quarter was due to loan portfolio balance reductions, net loan recoveries, including a $0.9 million recovery on a loan charged off in a prior year, and reductions to reserves on individually evaluated loans. The recovery of credit losses in the prior quarter was primarily due to loan portfolio balance reductions and net loan recoveries, including a $0.8 million partial recovery on a specialty finance loan charged off in a prior year. The recovery of credit losses in the fourth quarter of 2024 reflected lower reserve needs due to loan portfolio balance reductions, partially offset by charge-offs of the non-guaranteed portion of certain government guaranteed loans and certain purchased loans.

Noninterest income was $2.7 million for the fourth quarter of 2025, compared to $3.8 million for the third quarter of 2025, and $2.8 million for the fourth quarter of 2024. Noninterest income in the fourth and third quarters of 2025 included $0.4 million and $0.7 million, respectively, of released reserves associated with the 2024 sales of MSRs. The reserves related to the Company providing certain documentation to the buyers subsequent to the sales in exchange for contractually heldback sales proceeds. All such documentation was delivered, and the heldback sales proceeds were received in 2025. For the year ended December 31, 2025, total noninterest income was $12.8 million compared to $13.6 million for the year ended December 31, 2024. In the first quarter of 2025, the Company sold its mortgage division, and as a result, residential mortgage banking income was $0.9 million in 2025 compared to $9.8 million in 2024. Additionally, the Company reported a negative fair value adjustment of $8.5 million in 2024 to write-down an investment in a fintech company compared to a nominal amount reported in 2025.

Noninterest expense decreased $3.1 million from the prior quarter and $8.7 million from the year-ago period. The largest contributor to these declines was lower salaries and employee benefits expense, which was $9.2 million, $11.4 million, and $13.2 million for the fourth quarter of 2025, third quarter of 2025, and fourth quarter of 2024, respectively. The majority of the decline in salaries and employee benefits expense in the current versus prior quarter was due to lower incentives, while lower expense compared to the year-ago period was primarily due to reduced headcount, which declined by 140 employees, or over 30%, since year-end 2024, as the Company transitioned to a more traditional community banking model and remediated the requirements under the now-terminated Consent Order. For the year ended December 31, 2025, total noninterest expense was $81.9 million compared to $113.8 million for the year ended December 31, 2024. Of the $31.9 million decline, $12.0 million was attributable to lower salaries and benefits expense, while $4.7 million, $4.7 million, and $6.4 million was due to lower consulting expense, regulatory remediation expense, and other noninterest expense, respectively. The decline in salaries and employee benefits expense was primarily attributable to a reduction in headcount, while the lower consulting, regulatory remediation, and other noninterest expenses were primarily attributable to the remediation of the Consent Order.

Balance Sheet:

Loans held for investment were $1.87 billion at December 31, 2025, compared to $1.91 billion at September 30, 2025, and $2.11 billion at December 31, 2024. The $47.0 million decline relative to the prior quarter end was partially due to payoffs and paydowns of approximately $27.8 million of out-of-market loans. Loans held for investment declined $246.1 million in 2025, primarily attributable to payoffs and paydowns of approximately $119.4 million of out-of-market loans as the Company transitioned to a more traditional community banking model.

Total deposits were $1.91 billion at December 31, 2025, a decrease of $39.9 million and $268.3 million from September 30, 2025, and December 31, 2024, respectively. Wholesale deposit balances were $238.7 million and $267.9 million at the end of the fourth and third quarters of 2025, respectively, and $402.5 million at the end of the fourth quarter of 2024. The Company had secured brokered deposits to enhance liquidity during the fintech BaaS depository operations wind down, which began in the first quarter 2024 and was completed by the end of 2024. Brokered deposits as a percentage of total deposits declined to 12.5% at December 31, 2025 from 18.5% at December 31, 2024. Excluding wholesale deposits, total deposits decreased $10.7 million from September 30, 2025 and $104.5 million from December 31, 2024.

Noninterest-bearing deposits represented 20.9%, 21.1%, and 20.8% of total deposits at December 31, 2025, September 30, 2025, and December 31, 2024, respectively. Excluding brokered deposits, noninterest-bearing deposits represented 23.8%, 24.4%, and 25.5% of total deposits as of the same respective dates.

Subordinated notes were $14.7 million at December 31, 2025, a decrease of $25.1 million from December 31, 2024. On June 1, 2025, the Company completed the redemption of its $15.0 million fixed-to-floating rate subordinated note maturing June 1, 2030. On July 15, 2025, the Company completed a $10.0 million partial redemption of its $25.0 million of subordinated notes maturing October 15, 2029.

About Blue Ridge Bankshares, Inc.:

Blue Ridge Bankshares, Inc. is the holding company for Blue Ridge Bank and BRB Financial Group, Inc. The Company, through its subsidiaries and affiliates, provides a wide range of financial services including retail and commercial banking, and retail mortgage lending. The Company also provides investment and wealth management services and management services for personal and corporate trusts, including estate planning and trust administration. Visit www.mybrb.com for more information.

Reclassifications:

Certain amounts presented in the consolidated financial statements of prior periods have been reclassified to conform to current period presentations. The reclassifications had no effect on net income (loss), net income (loss) per share, or stockholders’ equity, as previously reported.

Non-GAAP Financial Measures:

The accounting and reporting policies of the Company conform to U.S. generally accepted accounting principles (“GAAP”) and prevailing practices in the banking industry. However, management uses certain non-GAAP measures, including tangible assets, tangible common equity, tangible book value per common share, and tangible common equity to tangible total assets to supplement the evaluation of the Company’s financial condition and performance. Management believes presentations of these non-GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the financial condition and capital position of the Company’s business. These non-GAAP disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Reconciliations of GAAP to non-GAAP measures are included at the end of this release.

Forward-Looking Statements: 

This release of the Company contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections, and statements of the Company’s beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “aim,” “intend,” “plan,” or words or phrases of similar meaning. The Company cautions that the forward-looking statements are based largely on its expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company’s control. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements.

The following factors, among others, could cause the Company’s financial performance to differ materially from that expressed in such forward-looking statements:

  • the strength of the United States economy in general and the strength of the local economies in which the Company conducts operations;
  • the effects of, and changes in, the macroeconomic environment and financial market conditions, including monetary and fiscal policies, interest rates and inflation;
  • the Company’s involvement in, and the outcome of, any litigation, legal proceedings or enforcement actions that may be instituted against the Company;
  • reputational risk and potential adverse reactions of the Company’s customers, suppliers, employees, or other business partners;
  • the quality and composition of the Company’s loan and investment portfolios, including changes in the level of the Company’s nonperforming assets and charge-offs;
  • the Company’s management of risks inherent in its loan portfolio, the credit quality of its borrowers, and the risk of a prolonged downturn in the real estate market, which could impair the value of the Company’s collateral and its ability to sell collateral upon any foreclosure;
  • the ability to maintain adequate liquidity by retaining deposits and secondary funding sources, especially if the Company’s or the banking industry’s reputation becomes damaged;
  • the emergence of digital assets and payment stablecoins, and evolving legislative or regulatory frameworks, may alter deposit flows, competition, and credit intermediation. Changes or gaps in these emerging rules could adversely affect the Company’s funding, liquidity, or overall financial performance;
  • the ability to maintain capital levels adequate to support the Company’s business;
  • the ability of the Company to implement cost-saving initiatives and efficiency measures, as well as increase earning assets, in order to yield acceptable levels of profitability;
  • the ability to generate sufficient future taxable income for the Company to realize its deferred tax assets, including the net operating loss carryforward;
  • the timely development of competitive new products and services and the acceptance of these products and services by new and existing customers;
  • changes in consumer spending and savings habits;
  • the willingness of users to substitute competitors’ products and services for the Company’s products and services;
  • the impact of unanticipated outflows of deposits;
  • changes in technological and social media;
  • potential exposure to fraud, negligence, computer theft, and cyber-crime;
  • adverse developments in the banking industry generally, including recent bank failures, responsive measures to mitigate and manage such developments, related supervisory and regulatory actions and costs, and related impacts on customer and client behavior;
  • changing bank regulatory conditions, policies or programs, whether arising as new legislation or regulatory initiatives, that could lead to restrictions on activities of banks generally, or Blue Ridge Bank in particular, more restrictive regulatory capital requirements, increased costs, including deposit insurance premiums, regulation or prohibition of certain income producing activities or changes in the secondary market for loans and other products;
  • political developments, including government shutdowns and other significant disruptions and changes in the funding, size, scope and effectiveness of the federal government, its agencies and services;
  • the impact of changes in financial services policies, laws, and regulations, including laws, regulations, and policies concerning taxes, banking, securities, real estate, and insurance, and the application thereof by bank regulatory bodies, and the three branches of the federal government;
  • the effect of changes in accounting standards, policies, and practices as may be adopted from time to time;
  • estimates of the fair value and other accounting values, subject to impairment assessments, of certain of the Company’s assets and liabilities;
  • geopolitical conditions, including acts or threats of terrorism and/or military conflicts, or actions taken by the United States or other governments in response to acts or threats of terrorism and/or military conflicts, which could impact business and economic conditions in the United States and abroad;
  • the economic impact of duties, tariffs, or other barriers or restrictions on trade, any retaliatory countermeasures, and the volatility and uncertainty arising therefrom;
  • the occurrence or continuation of widespread health emergencies or pandemics, significant natural disasters, severe weather conditions, floods and other catastrophic events; and
  • other risks and factors identified in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections and elsewhere in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and in filings the Company makes from time to time with the U.S. Securities and Exchange Commission (“SEC”).

The foregoing factors should not be considered exhaustive and should be read together with other cautionary statements that are included in filings the Company makes from time to time with the SEC. Any one of these risks or factors could have a material adverse impact on the Company’s results of operations or financial condition, or cause the Company’s actual results, performance or achievements to differ materially from those expressed in, or implied by, forward-looking information and statements contained in this release. Moreover, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict all risks and uncertainties that could have an impact on its forward-looking statements. Therefore, the Company cautions not to place undue reliance on its forward-looking information and statements, which speak only as of the date of this release. The Company does not undertake to, and will not, update or revise these forward-looking statements after the date hereof, whether as a result of new information, future events, or otherwise.

1 Non-GAAP financial measure. Further information can be found at the end of this press release.

Blue Ridge Bankshares, Inc.

Consolidated Balance Sheets

(Dollars in thousands, except share data)

(unaudited)
December 31,
2025

December 31,
2024 (1)

Assets

Cash and due from banks

$            115,949

$            173,533

Restricted cash

—

2,459

Federal funds sold

1,851

838

Securities available for sale, at fair value

332,928

312,035

Restricted equity investments

19,016

19,275

Other equity investments

4,910

4,834

Other investments

20,781

19,405

Loans held for sale

14,769

30,976

Loans held for investment, net of deferred fees and costs

1,865,717

2,111,797

Less: allowance for credit losses

(19,444)

(23,023)

Loans held for investment, net

1,846,273

2,088,774

Accrued interest receivable

10,787

12,537

Premises and equipment, net

21,549

21,394

Right-of-use lease asset

6,637

7,962

Other intangible assets

2,642

3,859

Deferred tax asset, net

22,721

27,312

Other assets

11,776

12,067

Total assets

$         2,432,589

$         2,737,260

Liabilities and Stockholders’ Equity

Deposits:

Noninterest-bearing demand

$            398,541

$            452,690

Interest-bearing demand and money market deposits

612,648

598,875

Savings

100,346

100,857

Time deposits

799,627

1,027,020

Total deposits

1,911,162

2,179,442

FHLB borrowings

150,000

150,000

Subordinated notes, net

14,716

39,789

Lease liability

7,233

8,613

Other liabilities

25,787

31,628

Total liabilities

2,108,898

2,409,472

Commitments and contingencies

Stockholders’ Equity:

Common stock, no par value; 150,000,000 shares authorized at
December 31, 2025 and December 31, 2024, respectively; and
91,475,278 and 84,972,610 shares issued and outstanding at December
31, 2025 and December 31, 2024, respectively

331,917

322,791

Additional paid-in capital

23,552

29,687

(Accumulated deficit) retained earnings

(659)

17,772

Accumulated other comprehensive loss, net of tax

(31,119)

(42,462)

Total stockholders’ equity

323,691

327,788

Total liabilities and stockholders’ equity

$         2,432,589

$         2,737,260

(1) Derived from audited December 31, 2024 Consolidated Financial Statements.

 

Blue Ridge Bankshares, Inc.

Consolidated Statements of Income (unaudited)

For the Three Months Ended 

(Dollars in thousands, except per common share data)

December 31, 2025

September 30, 2025

December 31, 2024

Interest income:

Interest and fees on loans

$                         27,529

$                         32,000

$                         33,050

Interest on securities, deposit accounts, and federal funds sold

3,945

4,213

4,882

Total interest income

31,474

36,213

37,932

Interest expense:

Interest on deposits

11,597

12,501

16,329

Interest on subordinated notes

294

338

736

Interest on FHLB and FRB borrowings

1,464

1,463

1,742

Total interest expense

13,355

14,302

18,807

Net interest income

18,119

21,911

19,125

Recovery of credit losses – loans

(1,400)

(1,800)

(500)

Recovery of credit losses – unfunded commitments

(100)

—

(500)

     Total recovery of credit losses

(1,500)

(1,800)

(1,000)

Net interest income after recovery of credit losses

19,619

23,711

20,125

Noninterest income:

Fair value adjustments of other equity investments

(120)

163

232

Residential mortgage banking income

13

5

1,538

Mortgage servicing rights (“MSRs”)

(200)

(48)

795

Income (loss) on sale of MSRs

401

737

(2,596)

Wealth and trust management

561

458

561

Service charges on deposit accounts

670

725

402

Bank and purchase card, net

499

567

615

Swap transaction fees

282

258

—

Other

581

968

1,267

Total noninterest income

2,687

3,833

2,814

Noninterest expense:

Salaries and employee benefits

9,176

11,388

13,246

Occupancy and equipment

1,219

1,190

1,357

Technology and communications

2,077

2,314

2,645

Legal and regulatory filings

556

1,008

626

Advertising and marketing

617

267

231

Audit fees

215

161

1,071

FDIC insurance

421

239

1,139

Intangible amortization

213

223

255

Other contractual services

222

645

1,276

Other taxes and assessments

907

895

747

Regulatory remediation

—

—

273

Other

1,298

1,711

2,774

Total noninterest expense

16,921

20,041

25,640

Income (loss) before income taxes

5,385

7,503

(2,701)

Income tax expense (benefit)

1,141

1,900

(698)

Net income (loss)

$                           4,244

$                           5,603

$                         (2,003)

Diluted earnings (loss) per common share

$                             0.04

$                             0.06

$                           (0.03)

 

Blue Ridge Bankshares, Inc.

Consolidated Statements of Income (unaudited)

For the Twelve Months Ended

(Dollars in thousands, except per common share data)

December 31, 2025

December 31, 2024

Interest income:

Interest and fees on loans

$                    121,413

$                    142,339

Interest on securities, deposit accounts, and federal funds sold

16,360

17,981

Total interest income

137,773

160,320

Interest expense:

Interest on deposits

51,092

69,070

Interest on subordinated notes

2,014

2,414

Interest on FHLB and FRB borrowings

5,806

10,175

Total interest expense

58,912

81,659

Net interest income

78,861

78,661

Recovery of credit losses – loans

(3,900)

(2,900)

Recovery of credit losses – unfunded commitments

(100)

(2,200)

     Total recovery of credit losses

(4,000)

(5,100)

Net interest income after recovery of credit losses

82,861

83,761

Noninterest income:

Fair value adjustments of other equity investments

(112)

(8,152)

Residential mortgage banking income

860

9,752

Mortgage servicing rights (“MSRs”)

(385)

629

Income (loss) on sale of MSRs

1,427

(3,607)

Wealth and trust management

1,882

2,434

Service charges on deposit accounts

2,573

1,526

Increase in cash surrender value of BOLI

33

855

Bank and purchase card, net

2,259

2,060

Swap transaction fees

540

—

Other

3,759

8,076

Total noninterest income

12,836

13,573

Noninterest expense:

Salaries and employee benefits

46,174

58,161

Occupancy and equipment

4,919

5,577

Technology and communications

9,740

10,024

Legal and regulatory filings

2,398

2,050

Advertising and marketing

1,203

933

Audit fees

1,413

3,019

FDIC insurance

2,784

5,463

Intangible amortization

914

1,083

Other contractual services

1,895

6,576

Other taxes and assessments

3,678

3,037

Regulatory remediation

—

4,671

Other

6,804

13,247

Total noninterest expense

81,922

113,841

Income (loss) before income taxes

13,775

(16,507)

Income tax expense (benefit)

3,066

(1,122)

Net income (loss)

$                      10,709

$                     (15,385)

Diluted earnings (loss) per common share

$                          0.11

$                         (0.31)

 

Blue Ridge Bankshares, Inc.

Quarter Summary of Selected Financial Data (unaudited)

As of and for the Three Months Ended

(Dollars and shares in thousands, except per common share data)

December 31,

September 30,

June 30,

March 31,

December 31,

Income Statement Data:

2025

2025

2025

2025

2024

Interest income

$                31,474

$                36,213

$                34,736

$                35,350

$                37,932

Interest expense

13,355

14,302

14,895

16,360

18,807

Net interest income

18,119

21,911

19,841

18,990

19,125

Recovery of credit losses

(1,500)

(1,800)

(700)

—

(1,000)

Net interest income after recovery of credit losses

19,619

23,711

20,541

18,990

20,125

Noninterest income

2,687

3,833

3,244

3,072

2,814

Noninterest expense

16,921

20,041

22,009

22,951

25,640

Income (loss) before income taxes

5,385

7,503

1,776

(889)

(2,701)

Income tax expense (benefit)

1,141

1,900

480

(455)

(698)

Net income (loss)

4,244

5,603

1,296

(434)

(2,003)

Per Common Share Data:

Earnings (loss) per common share – basic

$                    0.04

$                    0.06

$                    0.01

$                  (0.01)

$                  (0.03)

Earnings (loss) per common share – diluted

0.05

0.06

0.01

(0.01)

(0.03)

Cash dividends per common share

0.25

—

—

—

—

Book value per common share 

3.68

4.03

3.88

3.86

3.86

Tangible book value per common share – Non-GAAP

3.65

4.01

3.85

3.83

3.83

Balance Sheet Data:

Total assets

$           2,432,589

$           2,496,949

$           2,555,439

$           2,685,084

$           2,737,260

Average assets

2,473,241

2,535,853

2,630,898

2,721,714

2,863,014

Average interest-earning assets

2,383,573

2,437,542

2,525,835

2,620,725

2,736,834

Loans held for investment (“LHFI”)

1,865,717

1,912,726

1,978,585

2,059,710

2,111,797

Allowance for credit losses 

19,444

20,503

21,974

23,126

23,023

Purchase accounting adjustments (discounts) on acquired loans

2,608

2,984

3,388

3,710

3,996

Loans held for sale

14,769

12,819

12,380

23,624

30,976

Securities available for sale, at fair value

332,928

341,354

327,958

325,401

312,035

Noninterest-bearing demand deposits

398,541

411,100

432,939

452,590

452,690

Total deposits

1,911,162

1,951,079

2,010,266

2,129,477

2,179,442

Subordinated notes, net 

14,716

14,731

24,928

39,773

39,789

FHLB advances

150,000

150,000

150,000

150,000

150,000

Average interest-bearing liabilities

1,697,083

1,739,014

1,819,735

1,899,315

2,021,814

Total stockholders’ equity

323,691

355,505

344,265

338,289

327,788

Average stockholders’ equity

331,888

345,358

339,131

329,684

330,343

Weighted average common shares outstanding – basic 

88,037

88,548

88,258

86,003

78,881

Weighted average common shares outstanding – diluted

99,207

99,384

95,903

86,003

78,881

Outstanding warrants to purchase common stock

`

24,320

27,549

27,674

28,690

31,452

Financial Ratios:

Return on average assets (1)

0.69 %

0.88 %

0.20 %

-0.06 %

-0.28 %

Return on average equity (1)

5.11 %

6.49 %

1.53 %

-0.53 %

-2.43 %

Total loan to deposit ratio

98.4 %

98.7 %

99.0 %

97.8 %

98.3 %

Held for investment loan-to-deposit ratio

97.6 %

98.0 %

98.4 %

96.7 %

96.9 %

Net interest margin (1)

3.04 %

3.60 %

3.15 %

2.90 %

2.80 %

Yield of LHFI (1)

5.66 %

6.40 %

5.80 %

5.70 %

5.83 %

Cost of deposits (1)

2.40 %

2.51 %

2.47 %

2.62 %

2.86 %

Cost of funds (1)

2.54 %

2.65 %

2.63 %

2.78 %

3.01 %

Efficiency ratio

81.3 %

77.8 %

95.3 %

104.0 %

116.9 %

Noninterest expense to total assets (1)

2.78 %

3.21 %

3.45 %

3.42 %

3.75 %

Capital and Asset Quality Ratios:

Average stockholders’ equity to average assets

13.4 %

13.6 %

12.9 %

12.1 %

11.5 %

Allowance for credit losses to LHFI

1.04 %

1.07 %

1.11 %

1.12 %

1.09 %

Ratio of net (recoveries) charge-offs to average loans outstanding (1)

-0.07 %

-0.07 %

0.09 %

-0.02 %

0.36 %

Nonperforming loans to total assets

0.98 %

1.14 %

0.94 %

0.93 %

0.93 %

Nonperforming assets to total assets

1.05 %

1.15 %

0.95 %

0.94 %

0.94 %

Nonperforming loans to total loans

1.26 %

1.48 %

1.20 %

1.19 %

1.20 %

Reconciliation of Non-GAAP Financial Measures (unaudited):

As of and for the Three Months Ended

(Dollars and shares in thousands, except per common share data)

December 31,

September 30,

June 30,

March 31,

December 31,

Tangible Common Equity and Tangible Book Value Per Common Share:

2025

2025

2025

2025

2024

Common stockholders’ equity

$              323,691

$              355,505

$              344,265

$              338,289

$              327,788

Less: other intangibles, net of deferred tax liability (2)

(2,052)

(2,285)

(2,509)

(2,740)

(2,998)

Tangible common equity (Non-GAAP)

$              321,639

$              353,220

$              341,756

$              335,549

$              324,790

Total common shares outstanding 

91,475

91,637

92,175

87,778

84,973

Less: unvested performance-based restricted stock awards

(3,453)

(3,460)

(3,496)

(109)

(117)

Total common shares outstanding, adjusted 

88,022

88,177

88,679

87,669

84,856

Book value per common share 

$                    3.68

$                    4.03

$                    3.88

$                    3.86

$                    3.86

Tangible book value per common share (Non-GAAP)

3.65

4.01

3.85

3.83

3.83

Tangible Common Equity to Tangible Total Assets

Total assets 

$           2,432,589

$           2,496,949

$           2,555,439

$           2,685,084

$           2,737,260

Less: other intangibles, net of deferred tax liability (2)

(2,052)

(2,285)

(2,509)

(2,740)

(2,998)

Tangible total assets (Non-GAAP)

$           2,430,537

$           2,494,664

$           2,552,930

$           2,682,344

$           2,734,262

Tangible common equity (Non-GAAP)

$              321,639

$              353,220

$              341,756

$              335,549

$              324,790

Tangible common equity to tangible total assets (Non-GAAP)

13.2 %

14.2 %

13.4 %

12.5 %

11.9 %

(1) Annualized.

(2) Excludes mortgage servicing rights.

 

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SOURCE Blue Ridge Bankshares, Inc.

Praaka Unveils New Single “Cash Drop,” a Dancehall Record Born From the Grind

Issuewire on February 7, 2026

IMG 4355

Amsterdam, Noord-Holland Jan 29, 2026 (Issuewire.com) Praaka Unveils New Single Cash Drop, a Dancehall Record Born From the Grind

For Praaka, success didnt arrive overnight. It came quietly, built through long nights, missed opportunities, and an unshakable belief in the process. That journey sits at the heart of his new single, Cash Drop, a dancehall-driven record that captures the moment persistence finally turns into payoff.

Pulsing with energy and confidence, Cash Drop balances celebration with reflection. Over infectious dancehall rhythms, Praaka tells a familiar story starting from nothing, moving through doubt, and pushing forward even when recognition felt distant. The result is a track that feels both triumphant and grounded, speaking directly to listeners who know the weight of the grind.

The singles cover art adds another layer to the narrative. Praaka appears masked and sharply dressed, seated against a glowing city backdrop as money falls around him. The imagery is deliberate. The mask represents memory a reminder of where he came from while the cash symbolizes earned progress rather than sudden fortune.

Cash Drop isnt about showing off, Praaka says. Its about arrival. Its about staying consistent when nobody is watching and seeing that work finally reflect back at you.

Rooted in dancehall energy and street-level honesty, Cash Drop taps into a wider story of ambition, resilience, and growth. Its confident delivery and cinematic feel have already begun drawing attention, positioning the song as a strong fit for club playlists, radio rotation, and social media momentum.

Cash Drop is now streaming on Audiomack and YouTube at the moment and will be on all major platforms on the 8th of February. 

https://audiomack.com/song/vonpraaka/cash-drop

Media Contact

Masy

*****@gmail.com

Source :Masy

This article was originally published by IssueWire. Read the original article here.

JENA Launches AI Coach and Receptionist for Solo Beauty and Wellness Professionals

JENA on February 7, 2026

“JM Chalayer, Founder and CEO of JENA, presents the AI-powered booking platform designed for solo beauty and wellness professionals.”
Booking app introduces in-app AI assistants that handle scheduling tasks and provide personalised business coaching for independent professionals

LONDON, United Kingdom – January 29, 2026 – JENA, one of the fastest-growing booking apps for solo business owners in hair, beauty, and wellness, today announced the launch of its AI Coach and Receptionist feature. The platform, which has processed more than 270,000 services and achieved 4x growth in the past year, is among the first booking platforms to integrate AI-powered business coaching and task automation for independent professionals running home salons, chair rentals, and solo studios.

What the AI Coach and Receptionist Do

The AI Receptionist works as a virtual assistant inside the JENA app. Users can chat with it in natural language to manage their business operations: asking it to rebook a client, pull up their daily schedule, block out time off, or create new appointments. It functions like a PA that understands the rhythms of appointment-based businesses.

The AI Coach provides personalised business guidance with access to the user’s own metrics. Rather than generic advice, it analyses booking patterns, revenue data, and schedule gaps to offer tailored recommendations on pricing strategy, service offerings, and even what to post on social media.

Both features are accessible via a chat button at the bottom of the JENA app and work on mobile and web.

Solving the Solo Business Owner’s Biggest Challenge

Running a one-person business means wearing every hat: stylist, receptionist, marketer, and accountant. For many hair and beauty professionals working from home salons or renting chairs, administrative tasks pile up between appointments, eating into both productive time and personal time.

“I’ve spoken with hundreds of independent hair and beauty pros, and the same frustration comes up again and again: they’re drowning in admin,” said JM Chalayer, Founder and CEO of JENA. “Our AI team handles the busywork so professionals can focus on their craft and their clients. Ask it to rebook someone, and it’s done. Ask it to analyse your schedule gaps, and you get actual insight. This is the support system solopreneurs have always needed but couldn’t afford.”

Key Features and Benefits

  • AI Receptionist: Chat-based assistant that creates appointments, manages schedules, sets availability, and handles rebooking
  • AI Coach: Personalised business advice with access to user metrics—analyse performance, strategise pricing, brainstorm content
  • Learns Over Time: The system improves based on user feedback, becoming more attuned to each business
  • Integrated Booking System: Full online booking with card-capture, deposits, full payments, and tap-to-pay functionality
  • Marketing Tools: Built-in email and SMS campaigns to reach clients and fill quiet periods
  • Automated Reminders: Email and SMS appointment reminders to reduce no-shows
  • Consultation Forms: Digital intake forms clients complete before appointments
  • SEO-Optimised Websites: Professional website builder with built-in search optimisation for local visibility

Who JENA Is Built For

JENA serves independent professionals who run appointment-based businesses, including:

  • Home salon owners operating from residential spaces, garden cabins, or garage conversions
  • Chair renters working within larger salon environments
  • Mobile beauty professionals travelling to client locations
  • Independent salon owners running their own small studios
  • Wellness practitioners offering services like massage, aesthetics, and personal care

The platform combines a booking app with a website builder, giving solopreneurs professional tools typically available only to larger businesses with dedicated staff.

Real Impact for Real Businesses

Natasha Chamberlain, owner of Pampered Turtle Spa, was among the first users to try the AI Coach feature.

“This is a game changer,” said Chamberlain. “I asked a question about my schedule and it gave me a really useful response—now I know exactly where I need to push to fill my gaps. It’s like having a business advisor in my pocket.”

Availability and Pricing

The AI Coach and Receptionist are available now within the JENA app. Premium subscribers at £19 per month receive unlimited access to both AI features, along with the full booking system, website builder, payment processing, and consultation forms.

Users on the free plan can try the AI features with 5 chats per month. New users can start a free trial to experience the full platform.

Get Started with JENA

Independent hair, beauty and wellness professionals can learn more about JENA’s AI-powered booking platform and sign up at jena.so.

About JENA

JENA is an AI-powered operating system designed for solopreneurs in appointment-based businesses. The platform combines online booking, a professional website builder, payment processing, and AI-driven coaching and automation to help independent professionals in hair, beauty, wellness, and services run successful businesses without the chaos. Founded by JM Chalayer and technical co-founder Nabil Freeman – serial entrepreneurs with over 10 years of experience in the beauty industry, multiple ventures, and a successful exit from their previous company, LeSalon – JENA’s mission is to empower solo business owners to thrive on their own terms. The company is headquartered in London, United Kingdom.

Media Contact
Company Name: JENA
Contact Person: JM Chalayer
Email: Send Email
Phone: +44 7356 013283
City: London
Country: United Kingdom
Website: https://www.jena.so

 

Press Release Distributed by ABNewswire.com

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