VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES 2024 FOURTH QUARTER AND FULL YEAR EARNINGS
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 23 2025
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Should l Buy VABK?
Source: PRnewswire
Quarterly Financial Performance: Virginia National Bankshares Corporation reported a quarterly net income of $4.6 million for Q4 2024, an increase from $3.2 million in Q4 2023, driven by higher interest income and reduced borrowing costs. However, the full-year net income declined to $17.0 million compared to $19.3 million in 2023 due to increased costs of funds.
Operational Highlights: The company achieved a 13% growth in loan balances year-over-year while successfully reducing operating expenses. Key performance indicators showed improvements in return on assets and equity, alongside a stable credit quality with nonperforming assets at 0.19% of total assets as of December 31, 2024.
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About VABK
Virginia National Bankshares Corporation is a bank holding company for Virginia National Bank (the Bank). The Bank is engaged in the commercial and retail banking business. It operates through four segments: Bank, VNB Trust and Estate Services, and Masonry Capital. The Bank’s commercial banking activities involve making loans, taking deposits and offering related services to individuals, businesses and charitable organizations. VNB Trust and Estate Services offers corporate trustee services, trust and estate administration, individual retirement account (IRA) administration and custody services, and offers in-house investment management services. The Masonry Capital segment offers investment management services for separately managed accounts and a private investment fund. It offers a range of banking and related financial services to meet the needs of individuals, businesses, and charitable organizations, including the fiduciary services of VNB Trust and Estate Services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Virginia National Bankshares Appoints New Director
- New Board Member: Virginia National Bankshares has appointed Robert Lee Burrows as a director effective February 25, 2026, aiming to leverage his 40+ years of financial services experience to enhance the board's expertise and decision-making capabilities.
- Rich Industry Background: Burrows founded Banks Street Partners in 2008, a financial services-focused investment banking firm that became a leading investment firm in the Southeast, showcasing his deep roots and influence in the industry.
- Successful Corporate Transition: In 2019, Banks Street Partners was sold to Chicago-based Performance Trust Capital Partners, where Burrows retired in October 2025 as Vice Chairman of Investment Banking, further proving his leadership skills and industry recognition.
- Diverse Board Experience: Burrows has served on several corporate boards and in various volunteer capacities, reflecting his extensive connections in the financial sector and contributions to the community, which are expected to support the company's continued growth.
See More
Virginia National Bankshares Appoints New Director
- New Director Appointment: Virginia National Bankshares announced the appointment of Robert Lee Burrows as a director effective February 25, 2026, bringing over 40 years of experience in the financial services industry, which is expected to provide strategic guidance and industry insights to the company.
- Extensive Industry Background: Burrows founded Banks Street Partners in 2008 and sold it to Chicago's Performance Trust Capital Partners in 2019, showcasing his success and influence in the investment banking sector.
- Board Enhancement: Chairman William D. Dittmar stated that Burrows' addition will strengthen the board's knowledge and judgment, supporting the company's continued growth, reflecting the company's emphasis on executive experience.
- Banking Business Overview: Virginia National Bank operates multiple branches in Virginia, offering a full range of banking and related financial services aimed at meeting the needs of individuals, businesses, and charitable organizations, further solidifying its market position.
See More
Virginia National Bankshares Reports Strong Q4 Earnings
- Earnings Performance: Virginia National Bankshares reported a Q4 GAAP EPS of $1.10 and revenue of $15.02 million, indicating strong financial performance that is likely to positively impact stock prices.
- Loan Growth: As of December 31, 2025, total loans reached $814 million, a 13% increase from $721 million on September 30, 2025, and a 21% rise compared to $670 million on December 31, 2024, demonstrating sustained demand for credit.
- Deposit Increase: Total deposits grew from $1.16 billion on September 30, 2025, to $1.24 billion on December 31, 2025, a 7% increase, and up 43% from $866 million on December 31, 2024, reflecting enhanced customer trust.
- Stable Asset Quality: The bank reported only $106 thousand in non-performing assets as of December 31, 2025, maintaining sound asset quality, while the allowance for credit losses on loans rose to $7.4 million, up from $7.0 million in the previous quarter, indicating prudent risk management.
See More
Virginia National Bankshares Reports Q4 2025 Net Income Growth
- Quarterly Net Income Growth: Virginia National Bankshares reported a net income of $6.0 million for Q4 2025, translating to $1.10 per diluted share, which marks a significant increase from $4.6 million and $0.85 per share in Q4 2024, reflecting the company's ability to enhance profitability amid reduced interest expenses.
- Annual Performance Improvement: For the twelve months ending December 31, 2025, the company achieved a net income of $19.3 million, or $3.55 per diluted share, up from $17.0 million and $3.15 per share in 2024, indicating ongoing improvements in asset quality and capital liquidity.
- Dividend Declaration: The Board declared a quarterly cash dividend of $0.36 per share on January 27, 2026, payable on February 27, 2026, which represents an annual yield of approximately 3.57% based on the closing price on January 27, enhancing shareholder returns.
- Efficiency Ratio Improvement: The efficiency ratio improved to 49.5% in Q4 2025 from 60.2% in Q4 2024, indicating that the company has successfully optimized operations and reduced non-interest expenses, thereby enhancing overall operational efficiency.
See More
Virginia National Bank Reports Quarterly Net Income Growth
- Quarterly Net Income Growth: Virginia National Bank reported a net income of $6.0 million for Q4 2025, translating to $1.10 per diluted share, representing a 30.4% increase from $4.6 million in Q4 2024, highlighting the company's success in reducing interest expenses and enhancing financial stability.
- Annual Performance Improvement: For the twelve months ending December 31, 2025, the company achieved a net income of $19.3 million, or $3.55 per diluted share, up 13.6% from $17.0 million in 2024, reflecting sustainable growth amid declining interest costs.
- Dividend Declaration: The Board declared a quarterly cash dividend of $0.36 per share on January 27, 2026, payable on February 27, 2026, which represents an annual yield of approximately 3.57%, further attracting investors and boosting shareholder confidence.
- Strong Asset Quality: As of December 31, 2025, nonperforming assets accounted for 0.56% of total assets, indicating effective loan quality management, despite an increase in total nonperforming loans, the overall asset quality remains robust.
See More
Virginia National Bankshares (VABK) Enhances Net Margin, Strengthening Positive Outlook on Quality and Consistency
Financial Performance: Virginia National Bankshares (VABK) reported a net profit margin of 31.8%, an increase from 30.4% the previous year, with a consistent five-year annual earnings growth rate of 14.7%.
Valuation Insights: The bank's stock trades at $40.24, significantly below its estimated fair value of $66.43, with a Price-to-Earnings ratio of 12.1x, indicating a premium compared to peers and the broader US banking industry.
Dividend Policy: VABK maintains an attractive dividend policy, which supports its consistent profit and revenue growth, making it appealing to income-oriented investors seeking stability in regional banking.
Market Positioning: The absence of flagged risks and steady earnings growth suggests that the stock's valuation premium reflects genuine quality, positioning VABK as a defensive anchor for portfolios amidst sector volatility.
See More
Virginia National Bankshares Appoints New Director
- New Board Member: Virginia National Bankshares has appointed Robert Lee Burrows as a director effective February 25, 2026, aiming to leverage his 40+ years of financial services experience to enhance the board's expertise and decision-making capabilities.
- Rich Industry Background: Burrows founded Banks Street Partners in 2008, a financial services-focused investment banking firm that became a leading investment firm in the Southeast, showcasing his deep roots and influence in the industry.
- Successful Corporate Transition: In 2019, Banks Street Partners was sold to Chicago-based Performance Trust Capital Partners, where Burrows retired in October 2025 as Vice Chairman of Investment Banking, further proving his leadership skills and industry recognition.
- Diverse Board Experience: Burrows has served on several corporate boards and in various volunteer capacities, reflecting his extensive connections in the financial sector and contributions to the community, which are expected to support the company's continued growth.
See More
Virginia National Bankshares Appoints New Director
- New Director Appointment: Virginia National Bankshares announced the appointment of Robert Lee Burrows as a director effective February 25, 2026, bringing over 40 years of experience in the financial services industry, which is expected to provide strategic guidance and industry insights to the company.
- Extensive Industry Background: Burrows founded Banks Street Partners in 2008 and sold it to Chicago's Performance Trust Capital Partners in 2019, showcasing his success and influence in the investment banking sector.
- Board Enhancement: Chairman William D. Dittmar stated that Burrows' addition will strengthen the board's knowledge and judgment, supporting the company's continued growth, reflecting the company's emphasis on executive experience.
- Banking Business Overview: Virginia National Bank operates multiple branches in Virginia, offering a full range of banking and related financial services aimed at meeting the needs of individuals, businesses, and charitable organizations, further solidifying its market position.
See More
Virginia National Bankshares Reports Strong Q4 Earnings
- Earnings Performance: Virginia National Bankshares reported a Q4 GAAP EPS of $1.10 and revenue of $15.02 million, indicating strong financial performance that is likely to positively impact stock prices.
- Loan Growth: As of December 31, 2025, total loans reached $814 million, a 13% increase from $721 million on September 30, 2025, and a 21% rise compared to $670 million on December 31, 2024, demonstrating sustained demand for credit.
- Deposit Increase: Total deposits grew from $1.16 billion on September 30, 2025, to $1.24 billion on December 31, 2025, a 7% increase, and up 43% from $866 million on December 31, 2024, reflecting enhanced customer trust.
- Stable Asset Quality: The bank reported only $106 thousand in non-performing assets as of December 31, 2025, maintaining sound asset quality, while the allowance for credit losses on loans rose to $7.4 million, up from $7.0 million in the previous quarter, indicating prudent risk management.
See More
Virginia National Bankshares Reports Q4 2025 Net Income Growth
- Quarterly Net Income Growth: Virginia National Bankshares reported a net income of $6.0 million for Q4 2025, translating to $1.10 per diluted share, which marks a significant increase from $4.6 million and $0.85 per share in Q4 2024, reflecting the company's ability to enhance profitability amid reduced interest expenses.
- Annual Performance Improvement: For the twelve months ending December 31, 2025, the company achieved a net income of $19.3 million, or $3.55 per diluted share, up from $17.0 million and $3.15 per share in 2024, indicating ongoing improvements in asset quality and capital liquidity.
- Dividend Declaration: The Board declared a quarterly cash dividend of $0.36 per share on January 27, 2026, payable on February 27, 2026, which represents an annual yield of approximately 3.57% based on the closing price on January 27, enhancing shareholder returns.
- Efficiency Ratio Improvement: The efficiency ratio improved to 49.5% in Q4 2025 from 60.2% in Q4 2024, indicating that the company has successfully optimized operations and reduced non-interest expenses, thereby enhancing overall operational efficiency.
See More
Virginia National Bank Reports Quarterly Net Income Growth
- Quarterly Net Income Growth: Virginia National Bank reported a net income of $6.0 million for Q4 2025, translating to $1.10 per diluted share, representing a 30.4% increase from $4.6 million in Q4 2024, highlighting the company's success in reducing interest expenses and enhancing financial stability.
- Annual Performance Improvement: For the twelve months ending December 31, 2025, the company achieved a net income of $19.3 million, or $3.55 per diluted share, up 13.6% from $17.0 million in 2024, reflecting sustainable growth amid declining interest costs.
- Dividend Declaration: The Board declared a quarterly cash dividend of $0.36 per share on January 27, 2026, payable on February 27, 2026, which represents an annual yield of approximately 3.57%, further attracting investors and boosting shareholder confidence.
- Strong Asset Quality: As of December 31, 2025, nonperforming assets accounted for 0.56% of total assets, indicating effective loan quality management, despite an increase in total nonperforming loans, the overall asset quality remains robust.
See More
Virginia National Bankshares (VABK) Enhances Net Margin, Strengthening Positive Outlook on Quality and Consistency
Financial Performance: Virginia National Bankshares (VABK) reported a net profit margin of 31.8%, an increase from 30.4% the previous year, with a consistent five-year annual earnings growth rate of 14.7%.
Valuation Insights: The bank's stock trades at $40.24, significantly below its estimated fair value of $66.43, with a Price-to-Earnings ratio of 12.1x, indicating a premium compared to peers and the broader US banking industry.
Dividend Policy: VABK maintains an attractive dividend policy, which supports its consistent profit and revenue growth, making it appealing to income-oriented investors seeking stability in regional banking.
Market Positioning: The absence of flagged risks and steady earnings growth suggests that the stock's valuation premium reflects genuine quality, positioning VABK as a defensive anchor for portfolios amidst sector volatility.
See More
