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) 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.
Virginia National Bankshares Corporation (NASDAQ: VABK) reported significant growth in Q1 2023, achieving net income of $5.8 million or $1.08 per diluted share, up 18% from $4.9 million or $0.92 in Q1 2022. The return on average assets (ROAA) increased to 1.48% from 1.03% year-over-year, while return on average equity (ROAE) rose to 17.57% from 12.53%. The efficiency ratio improved to 56.2% compared to 62.0% last year. Nonperforming assets decreased to 0.08% of total assets, reflecting strong credit quality. However, noninterest income fell 52% due to a prior year one-time payment. Cash dividends declared were $1.8 million, or $0.33 per share.
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