VABK
Virginia National Bankshares Corporation43.57
+0.95+2.23%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '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
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.
8-K
Stable Q3 earnings, dividend declared
Virginia National Bankshares reported Q3 2025 net income of $4.6 million, or $0.84 per diluted share, matching last year's figure while year-to-date earnings rose to $13.3 million from $12.4 million, driven by a 30 bps drop in cost of funds despite steady asset yields. Net interest margin expanded to 3.43%, efficiency ratio improved to 57.9%, and gross loans hit $1.2 billion, up 1.6% year-over-year, with nonperforming assets at 0.42% of total assets. The board declared a $0.36 per share dividend, payable November 28. Credit quality holds firm.
10-Q
Q2 FY2025 results
Virginia National Bankshares posted solid Q2 results, with net interest income climbing 15% year-over-year to $12.8 million on a 36 bps NIM expansion to 3.40% (FTE), fueled by lower deposit costs amid a $52 million drop in average time deposits. Loans held steady at $1.24 billion, edging up 0.5% quarter-over-quarter, while noninterest income dipped 23% to $1.3 million from softer card fees. Expenses rose 7% to $8.7 million, driven by higher data processing and legal costs, yet efficiency improved to 61.2%. Net income hit $4.2 million, or $0.78 per diluted share, up slightly from last year; EPS reconciles cleanly with 5.42 million shares. Cash swelled to $38.5 million on $8.8 million operating flows, with FCF at $5.5 million after $3.3 million capex; borrowings jumped to $61 million from FHLB, revolver fully available. Deposits contracted 2.4% to $1.39 billion. Branch sale boosted gains. Yet competition in Virginia's banking scene keeps pressure on margins.
8-K
Shareholders back board, pay
Virginia National Bankshares Corporation's shareholders overwhelmingly elected all 10 director nominees at the July 24, 2025 annual meeting, signaling strong board continuity. They approved executive compensation on an advisory basis, favored annual say-on-pay votes, and ratified Yount, Hyde & Barbour as auditors for 2025. The board gains flexibility after approving 150,000 more shares for the 2022 incentive plan. Votes crushed opposition.
BMBN
Benchmark Bankshares, Inc.
33.00+0.00
FCBC
First Community Bankshares, Inc
35.18-0.15
FVCB
FVCBankcorp, Inc.
14.00+0.00
FXNC
First National Corporation
26.20+0.01
LCNB
LCNB Corporation
17.45-0.26
NBHC
National Bank Holdings Corporat
39.97-0.08
NKSH
National Bankshares, Inc.
33.71+0.29
NWPP
New Peoples Bankshares, Inc.
3.51+0.00
OAKV
OAK VIEW BANKSHARES INC.
14.00+0.00
VLY
Valley National Bancorp
11.91+0.00