VABK
Virginia National Bankshares Corporation43.57
+0.95+2.23%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
234.98MP/E (TTM)
13.20Basic EPS (TTM)
3.30Dividend Yield
0.03%Recent Filings
10-K
FY2025 results
Virginia National Bankshares delivered FY2025 net income of $19.3M, up 13.5% y/y, with net interest income (FTE) climbing $5.1M to $51.9M as the margin expanded 30bps to 3.40% amid falling deposit costs—yet securities yields slipped while loans held steady at $1.2B. Q4 momentum showed in deposit growth to $1.4B (low-cost mix at 79.7%) and stable asset quality, with ACL at 0.67% of loans and nonaccrual steady at 0.18%. No buybacks executed; quarterly dividends held at $0.36/share. Capital stayed rock-solid: CET1 19.36%, leverage 12.36%. CRE concentration looms large at 40.1% of loans.
8-K
Appoints Burrows to board
Virginia National Bankshares appointed Robert Lee Burrows, Jr. to its board and that of subsidiary Virginia National Bank, effective February 25, 2026. Burrows brings four decades in financial services, including founding Banks Street Partners and prior bank ventures. His expertise bolsters board judgment for growth. No committee role yet.
8-K
Q4 earnings up, dividend declared
Virginia National Bankshares reported Q4 2025 net income of $6.0 million ($1.10 per diluted share), up from $4.6 million ($0.85) a year ago, fueled by lower interest expense and steady asset yields. Net interest margin hit 3.50%; efficiency ratio improved to 49.5%. Board declared $0.36 quarterly dividend, payable February 27. Nonperforming assets rose to 0.56%. Strong margins persist.
8-K
CFO transition announced
Virginia National Bankshares Corporation announced CFO Tara Y. Harrison's transition to Senior Advisor effective November 21, 2025, for personal reasons, with no disagreements on operations or controls. Cathy W. Liles, a veteran banker with prior CFO stints at Old Point and American National, steps in as new CFO, bringing deep audit experience. Transition smooth. She starts at $275,000 base plus incentives.
10-Q
Q3 FY2025 results
Virginia National Bankshares posted steady Q3 results, with net interest income up 8.7% year-over-year to $13.1 million, driven by a 19 basis point expansion in net interest margin to 3.43% as deposit costs fell 45 basis points to 2.26%. Loans held flat at $1.235 billion while deposits dipped 2.7% quarter-over-quarter to $1.385 billion, prompting a $10 million rise in FHLB borrowings to $30 million; cash climbed to $23.1 million, and free cash flow wasn't disclosed in the 10-Q. Earnings per diluted share ticked down to $0.84 from $0.85, reconciling cleanly with 5.42 million weighted shares amid no material anti-dilution. Noninterest income slipped 7% on lower card fees, but expense control kept efficiency at 57.9%. Solid capital buffers exceed well-capitalized thresholds. Yet competition in Virginia's banking scene could squeeze margins further.
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