Welcome to our dedicated page for Old Point Finl news (Ticker: OPOF), a resource for investors and traders seeking the latest updates and insights on Old Point Finl stock.
Old Point Financial Corporation (OPOF) maintains its position as a trusted provider of community banking and wealth management services through strategic initiatives and local engagement. This dedicated news hub offers investors and financial professionals centralized access to official updates and market-relevant developments.
Track OPOF's financial performance with quarterly earnings reports, strategic partnership announcements, and regulatory filings. Stay informed about community reinvestment programs, trust service expansions, and operational efficiency measures that demonstrate the company's commitment to sustainable growth.
Our curated news collection serves as an essential resource for monitoring credit management improvements, deposit product innovations, and asset quality enhancements. Discover updates on leadership changes, dividend declarations, and technology implementations that shape OPOF's market position.
Bookmark this page for real-time access to verified financial disclosures and corporate announcements. Combine OPOF's operational updates with broader industry context to inform your analysis of this community-focused financial institution.
Old Point Financial Corporation (NASDAQ: OPOF) reported a net income of $2.0 million for Q1 2022, down from $3.0 million in Q1 2021. Earnings per diluted share decreased from $0.58 to $0.39 year-on-year. Chairman Robert Shuford highlighted ongoing momentum in growth and revenue generation, particularly in loan originations, which are expected to benefit from rising interest rates. The company also emphasized strong asset quality and solid capital levels despite industry challenges.
On March 21, 2022, Old Point Financial Corporation (Nasdaq: OPOF) announced the appointment of Sarah Boyce Golden to its Board of Directors. Golden, who co-founded The GBS Group in 2005, brings over 28 years of engineering and business experience. She has held leadership roles in finance, human resources, and IT. Additionally, she has served on the Bank's Southside regional board for the past five years. Her expertise and community involvement are expected to enhance Old Point's commitment to excellence, according to CEO Robert Shuford, Jr.
Old Point Financial Corporation has declared a quarterly cash dividend of $0.13 per share, set for payment on March 25, 2022, to shareholders of record by March 2, 2022. This dividend maintains the same amount as the previous quarter, resulting in an approximate dividend yield of 2.1% based on the stock's closing price of $24.45 on February 15, 2022. Old Point operates in the Hampton Roads and Richmond regions of Virginia, offering a variety of financial services through its banking and trust divisions.
Old Point Financial Corporation (NASDAQ: OPOF) reported a net income of $1.7 million for Q4 2021, up from $545 thousand a year earlier, with earnings per diluted share increasing to $0.32 from $0.10. For the full year, net income reached $8.4 million or $1.61 per diluted share, compared to $5.4 million and $1.03 per diluted share in 2020. The company emphasized a strong focus on credit quality and capital levels, showcasing resilience in financial performance during a challenging year.
Old Point Financial Corporation has declared a quarterly cash dividend of $0.13 per share, to be paid on December 30, 2021, for shareholders recorded by December 1, 2021. This dividend remains unchanged from the previous quarter and offers a yield of approximately 2.1%, based on the stock's closing price of $24.00 as of November 16, 2021.
Old Point Financial Corporation (NASDAQ: OPOF) reported a net income of $1.9 million and earnings per diluted share of $0.36 for Q3 2021, up from $1.1 million and $0.21 in Q3 2020. For the nine months ended September 30, 2021, net income was $6.8 million, or $1.29 per share. Total assets grew to $1.3 billion, a 7.0% increase from December 2020. A share repurchase program for up to 10% of stock has been authorized through November 2022. The company maintains strong asset quality with non-performing assets at 0.10%. Overall, the results reflect solid financial health and strategic growth.
Old Point Financial Corporation (Nasdaq: OPOF) has appointed A. Eric Kauders, Jr. as the new President and CEO of Old Point Trust. Kauders brings over 20 years of wealth management experience, having previously led a fiduciary business with $16 billion in assets at Bank of America Private Bank. He replaces Eugene M. Jordan, II, who transitions to General Counsel. With roots in Virginia, Old Point offers a range of financial services and is the largest wealth management provider in Hampton Roads.
Old Point National Bank has expanded its Richmond, Virginia team by appointing three new Commercial Relationship Managers: Robert Campbell, Katherine Wagner, and Ian Splisgardt. Campbell brings 17 years of experience, Wagner has over 35 years, and Splisgardt has several years in client relationship management. The new team strengthens Old Point's presence in the Greater Richmond market. CEO Robert F. Shuford, Jr. expressed enthusiasm over their expertise and commitment to superior service. Old Point operates as a full-service community bank in Virginia.
Old Point Financial Corporation has announced a quarterly cash dividend of $0.13 per share, marking an 8.3% increase from the previous quarter. The dividend will be paid on September 24, 2021, to shareholders on record as of September 1, 2021. This is also a $0.01 increase from last year’s dividend. Based on the closing price of $21.90 on August 17, 2021, the dividend yield stands at approximately 2.3%.
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