Welcome to our dedicated page for Virginia Natl Bankshares news (Ticker: VABK), a resource for investors and traders seeking the latest updates and insights on Virginia Natl Bankshares stock.
Virginia National Bankshares Corp (VABK) maintains this comprehensive news hub for stakeholders tracking developments in community banking and financial services. Our curated collection features official press releases, regulatory filings, and market analyses related to this Virginia-based institution.
Investors will find timely updates on quarterly earnings, capital management strategies, and leadership changes. The archive includes detailed information about commercial lending initiatives, trust service expansions, and community reinvestment programs that demonstrate VABK's regional commitment.
All content undergoes verification against primary sources including SEC filings and corporate communications. The chronological organization allows users to track strategic decisions through acquisition announcements, financial results, and operational milestones since the company's establishment.
Bookmark this page for direct access to VABK's evolving financial narrative, including updates on deposit services, wealth management offerings, and regulatory compliance matters. Check regularly for new developments that reflect the company's position in the competitive Mid-Atlantic banking sector.
Virginia National Bankshares (NASDAQ: VABK) reported strong Q1 2025 results with net income of $4.5 million ($0.83 per diluted share), up 23% from $3.6 million ($0.68 per diluted share) in Q1 2024. The company announced a 9.1% increase in quarterly dividend to $0.36 per share, representing a 4.09% annual yield.
Key performance highlights include improved metrics across the board: Return on assets increased to 1.12%, net interest margin improved to 3.28%, and efficiency ratio enhanced to 62.4%. The bank's loan portfolio grew by 10.1% year-over-year to $1.2 billion, while maintaining strong credit quality with nonperforming assets at 0.31% of total assets.
Net interest income rose by 12.4% to $12.3 million, driven by higher interest income from increased loan balances and reduced interest expenses on deposits and borrowings.
Virginia National Bankshares (NASDAQ: VABK) has declared a quarterly cash dividend of $0.33 per share. The dividend will be paid on March 28, 2025, to shareholders of record as of March 14, 2025. Based on the company's closing stock price on February 26, 2025, this quarterly distribution represents an annual yield of approximately 3.66% for shareholders.
Virginia National Bankshares (VABK) reported Q4 2024 net income of $4.6 million ($0.85 per diluted share), up from $3.2 million ($0.59 per diluted share) in Q4 2023. However, full-year 2024 net income decreased to $17.0 million ($3.15 per diluted share) from $19.3 million ($3.58 per diluted share) in 2023.
The company achieved significant loan growth of 13.1% year-over-year, with gross loans reaching $1.2 billion. Key performance metrics improved in Q4 2024 compared to Q4 2023, including return on average assets (1.12% from 0.79%), net interest margin (3.21% from 2.89%), and efficiency ratio (60.2% from 64.0%). Credit quality remained strong with nonperforming assets at 0.19% of total assets.
The bank successfully reduced borrowing costs and overall cost of funds, while maintaining strong capital and liquidity positions. Total deposits increased by $43.6 million (3.2%) quarter-over-quarter and $14.4 million (1.0%) year-over-year.
Virginia National Bankshares (NASDAQ: VABK) has declared a quarterly cash dividend of $0.33 per share, to be paid on December 20, 2024, to shareholders of record as of December 6, 2024. Based on the company's closing stock price on October 24, 2024, this dividend represents an approximate annual yield of 3.25% to shareholders.
Virginia National Bankshares (NASDAQ: VABK) reported Q3 2024 net income of $4.6 million, or $0.85 per diluted share, compared to $4.7 million, or $0.86 per diluted share, in Q3 2023. Year-to-date net income for 2024 was $12.4 million, down from $16.1 million in 2023, primarily due to increased cost of funds.
Key highlights include:
- Loan growth of 11% in 2024 and 19% year-over-year
- Net interest margin improved to 3.24% from 3.04% in Q2 2024
- Efficiency ratio improved to 58.6% from 62.7% in Q2 2024
- Gross loans outstanding totaled $1.2 billion as of September 30, 2024
- Nonperforming assets as a percentage of total assets was 0.33%
- Book value per share increased to $30.89 from $25.29 year-over-year
The company continues to focus on reducing overhead costs and maintaining strong credit quality metrics.
Virginia National Bankshares (NASDAQ: VABK) has announced a quarterly cash dividend of $0.33 per share. The dividend will be paid on September 20, 2024 to shareholders of record as of September 6, 2024. This dividend represents an annual yield of approximately 3.45% based on the closing price of the Company's common stock on July 24, 2024. The decision was made by the Board of Directors on July 24, 2024, demonstrating the company's commitment to providing returns to its shareholders.
Virginia National Bankshares (NASDAQ: VABK) reported Q2 2024 net income of $4.2 million, or $0.77 per diluted share, down from $5.7 million, or $1.05 per diluted share, in Q2 2023. The decline was attributed to increased cost of funds and lower accretion of credit mark on purchased loans. Despite this, the company experienced 6% loan growth in the first half of 2024 and 19% year-over-year. Key highlights include:
- Improved net interest margin to 3.04% from 2.89% in Q4 2023
- Increased loan-to-deposit ratio to 84.3% from 77.5% in Q4 2023
- Strong credit quality with nonperforming assets at 0.25% of total assets
- Book value per share increased to $28.70 from $26.54 year-over-year
- Continued share repurchase plan, buying back 19,476 shares in Q2 2024
Virginia National Bankshares (NASDAQ: VABK) announced a quarterly cash dividend of $0.33 per share, declared by its Board of Directors on May 22, 2024.
The dividend will be paid on June 28, 2024, to shareholders of record as of June 14, 2024.
This quarterly dividend translates to an annual yield of approximately 4.37%, based on the stock's closing price on May 23, 2024.
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