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Virginia National Bankshares Corp - VABK STOCK NEWS

Welcome to our dedicated news page for Virginia National Bankshares (Ticker: VABK), a resource for investors and traders seeking the latest updates and insights on Virginia National Bankshares.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Virginia National Bankshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Virginia National Bankshares's position in the market.

News
VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES 2024 FIRST QUARTER EARNINGS
Rhea-AI Summary
Virginia National Bankshares (NASDAQ: VABK) reported first quarter 2024 net income of $3.6 million, achieving solid results with 20% year-over-year loan growth and stable credit quality metrics. The company increased deposit balances, reduced debt, and maintained solid capital and liquidity positions. Gross loans outstanding reached $1.1 billion, yielding 5.64%. Nonperforming assets stood at 0.19% of total assets. The company sold membership interests in Masonry Capital Management, , with no expenses incurred post-sale. Net interest income decreased by 18.5% due to rising interest expenses. Noninterest income declined by 4.3%, while noninterest expenses decreased by 0.5%. Book value per share increased to $28.31, and tangible book value per share was $25.99. Effective tax rates were 15.5% and 18.2% for the first quarters of 2024 and 2023 respectively, lower than the statutory rate. Cash dividends of $1.8 million were declared and paid during the first quarter, with a share repurchase plan in place, repurchasing 874 shares at an average price of $29.60 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.9%
Tags
earnings
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News
VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES QUARTERLY CASH DIVIDEND
Rhea-AI Summary
Virginia National Bankshares Corporation (VABK) declares a quarterly cash dividend of $0.33 per share, offering shareholders a 4.42% annual yield based on the closing stock price on February 28, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
Tags
dividends
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News
VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES 2023 FOURTH QUARTER AND FULL YEAR EARNINGS
Rhea-AI Summary
Virginia National Bankshares Corporation (NASDAQ: VABK) reported quarterly net income of $3.2 million for Q4 2023, compared to $7.1 million in Q4 2022. Gross loans outstanding increased by 16.7% to $1.1 billion. Nonperforming assets amounted to $2.7 million, with a 16.7% increase in loans. Net interest income decreased by 30.1% for Q4 2023 compared to Q4 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.37%
Tags
earnings
News
VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES QUARTERLY CASH DIVIDEND
Rhea-AI Summary
Virginia National Bankshares Corporation (NASDAQ: VABK) Declares Quarterly Cash Dividend of $0.33 per Share, Yielding 3.69% Annually. The Company's Board of Directors announced the declaration of a quarterly cash dividend of $0.33 per share, to be paid on December 22, 2023, to shareholders of record as of December 8, 2023. This represents an annual yield of approximately 3.69% based on the closing price of the Company's common stock on November 17, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.32%
Tags
dividends
-
News
VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES THIRD QUARTER 2023 EARNINGS
Rhea-AI Summary
Virginia National Bankshares Corporation reports quarterly net income of $4.7 million, a decrease from the previous year. Loan growth and credit performance remain strong. Noninterest expenses decreased due to efficiencies gained from a merger. Total deposits declined, but deposit balances increased in the third quarter. Net interest income decreased, primarily due to increased interest expense. Noninterest income increased, partially offset by the sale of a business line. Book value per share and tangible book value per share increased. The effective tax rate decreased. Cash dividends were declared and paid during the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
Tags
earnings
-
News
VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES QUARTERLY CASH DIVIDEND
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
Tags
dividends
News
VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES SECOND QUARTER 2023 EARNINGS
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
Tags
earnings
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News
VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES QUARTERLY CASH DIVIDEND
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
Tags
dividends
-
News
VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES FIRST QUARTER 2023 EARNINGS
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.22%
Tags
earnings
News
VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES INCREASE IN QUARTERLY CASH DIVIDEND
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
Tags
dividends
Stock VABK logo
Virginia National Bankshares Corp

Nasdaq:VABK

VABK Rankings

#4026 Ranked by Market Cap
#2762 Ranked by Stock Gains
#604 Ranked by Dividends

VABK Stock Data

139.40M
4.74M
15.35%
38.37%
0.73%
Commercial Banking
Finance and Insurance
Link
United States
Charlottesville

About VABK

virginia national bank opened in charlottesville, virginia in july 1998 with more than 900 local shareholders. as a true community bank, we not only meet the needs of our community, but we are also a part of its growth. since opening in the heart of downtown charlottesville, we have opened other offices in charlottesville, orange, and winchester, virginia. the vnb story continues to unfold. as we continue to grow, we will never lose sight of the critical ingredients to our continued success. exceptional service begins and ends with people. that's why we say, "it's all about people...and always will be."