VABK

Quarterly Financial Performance: Virginia National Bankshares Corporation reported a net income of $4.2 million for Q2 2025, up from $4.2 million in Q2 2024, with year-to-date earnings increasing to $8.7 million compared to $7.8 million the previous year, primarily due to higher net interest income and lower interest expenses.

Dividend Declaration and Key Metrics: The Board declared a quarterly cash dividend of $0.36 per share, reflecting an annual yield of approximately 3.78%. Key performance indicators showed improvements in net interest margin (3.40%) and efficiency ratio (61.2%), while nonperforming assets increased to 0.48% of total assets.

Quarterly Financial Performance: Virginia National Bankshares Corporation reported a net income of $4.5 million for Q1 2025, a 23% increase from the previous year, driven by higher net interest income and reduced costs associated with deposits and borrowings.

Dividend Declaration and Shareholder Value: The Board declared a quarterly cash dividend of $0.36 per share, reflecting a 9.1% increase from the prior quarter, demonstrating the company's commitment to providing returns to shareholders amidst solid credit quality and capital positions.

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.