Bank & Purchase Card Revenue was Blue Ridge Bankshares’s largest product and service line in fiscal 2020, bringing in $1.30M of $3.18M (41%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 |
|---|---|---|---|
| Payroll Processing Income | $1.02M | $980.00K | $974.00K |
| Bank & Purchase Card Revenue | — | $572.00K | $1.30M |
| Service Fees On Deposit Accounts | $635.00K | $651.00K | $905.00K |
| Bank Card Revenue | $514.00K | — | — |
| Total | $2.16M | $2.20M | $3.18M |
Blue Ridge Bankshares brought in $3.18M from its three product and service lines in fiscal 2020, the year ended December 31, 2020. That was up 44.2% from $2.20M in fiscal 2019. Bank & Purchase Card Revenue was the largest at $1.30M (40.8%), ahead of Payroll Processing Income at $974.00K (30.7%) and Service Fees On Deposit Accounts at $905.00K (28.5%).
Compared with fiscal 2019, Bank & Purchase Card Revenue grew fastest, up 126.7% to $1.30M, while Payroll Processing Income fell the most, down 0.6% to $974.00K.
Blue Ridge Bankshares began breaking out Bank & Purchase Card Revenue in fiscal 2019, when it brought in $572.00K. Blue Ridge Bankshares stopped reporting Bank Card Revenue as a separate line after fiscal 2018, when it brought in $514.00K.
Blue Ridge Bankshares (BRBS) reports its revenue by product and service. In fiscal 2020, Bank & Purchase Card Revenue was its largest product and service line, bringing in $1.30M (40.8% of the total), followed by Payroll Processing Income at $974.00K (30.7%).
Bank & Purchase Card Revenue was Blue Ridge Bankshares' largest product and service line in fiscal 2020, bringing in $1.30M, or 40.8% of the $3.18M total across its three product and service lines.
Among Blue Ridge Bankshares' product and service lines that make up at least 2% of revenue, Bank & Purchase Card Revenue grew fastest in fiscal 2020, up 126.7% from $572.00K to $1.30M.
Every figure comes from Blue Ridge Bankshares' annual financial filings, as reported. Each line keeps the name Blue Ridge Bankshares gives it, and years follow its fiscal calendar.
Blue Ridge Bankshares' revenue by product and service goes back to fiscal 2018, with figures through fiscal 2020. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.