Every 8-K that Virginia Natl Bankshares Corp (VABK) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow VABK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VABK filings page.
Virginia National Bankshares Corporation reported higher second quarter 2026 results, with net income of $9.0 million, or $1.65 per diluted share, for the quarter ended June 30, 2026, compared with $4.2 million, or $0.78 per diluted share, for the quarter ended June 30, 2025. Management attributes the increase primarily to a 13 basis point reduction in cost of funds, reduced noninterest expense and a $4.7 million gain on the sale of a limited investment partnership interest in Bearing Insurance Group, LLC. Return on average assets rose to 2.24% and return on average equity to 18.81%, while net interest margin (FTE) improved to 3.65%.
Asset quality and capital metrics are reflected in nonperforming assets of 0.35% of total assets, or $5.8 million, at June 30, 2026, and an allowance for credit losses on loans equal to 0.66% of total loans. The efficiency ratio (FTE) improved to 41.6% from 61.2%, alongside a 4.7% decrease in quarterly noninterest expense. Tier 1 leverage and total risk-based capital ratios were 13.38% and 21.59%, respectively. The board declared a quarterly cash dividend of $0.36 per share, payable August 28, 2026, to shareholders of record on August 14, 2026, which implies an annualized dividend yield of approximately 3.20% based on the July 22, 2026 closing price.
Virginia National Bankshares Corporation held its 2026 annual meeting of shareholders on June 25, 2026. Shareholders elected 11 directors by plurality, with most nominees receiving about 3.0 million votes "for" and substantial broker non-votes recorded on each director proposal.
Investors also approved, on an advisory and non-binding basis, the Company’s executive compensation, with 2,837,843 votes for, 141,800 against, 387,360 abstentions, and 809,347 broker non-votes. In addition, shareholders ratified Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for 2026 with 4,134,116 votes for, 36,959 against, and 5,275 abstentions.
Virginia National Bankshares Corporation approved a new management continuity agreement with Executive Vice President and Chief Financial Officer Cathy W. Liles and increased her annual base salary to $375,000, subject to annual adjustment.
Following a defined change in control, the company or its successor must employ Ms. Liles for two years with comparable role, pay and benefits. If her employment is terminated without cause or she resigns for good reason shortly before or after a change in control, she may receive a lump-sum cash payment equal to two times her base salary, recent average bonus and certain pre-tax deferral amounts, continued welfare benefits for up to 18 months, and a lump-sum equal to the company’s 401(k) contributions for the prior two years. These severance payments are capped to avoid golden parachute excise taxes and any incentive compensation is subject to clawback under applicable law and stock exchange rules.
Virginia National Bankshares Corporation has completed the sale of its indirect, wholly owned subsidiary Fauquier Bank Services, Inc.’s interest in Bearing Insurance Group, LLC, a full-service insurance agency, effective May 1, 2026. The company expects to record an approximate $4.7 million pre-tax gain from this transaction in its operating results for the second quarter of 2026. Management characterizes related comments about future results and operations as forward-looking statements subject to risks and uncertainties described in its Form 10-K and other SEC filings.
Virginia National Bankshares Corporation reported strong first quarter 2026 results, with net income of $5.3 million, or $0.97 per diluted share, up from $4.5 million, or $0.83 per diluted share, a year earlier. Management attributed the higher earnings mainly to a 19 basis point reduction in cost of funds and lower noninterest expenses, helping the fully tax-equivalent net interest margin improve to 3.40% from 3.28% and the efficiency ratio improve to 56.6% from 62.4%.
Asset quality remained solid, with nonperforming assets at 0.36% of total assets and a period-end allowance for credit losses on loans of 0.64% of total loans. Book value per share rose to $34.39, and tangible book value per share to $32.51. The Board declared a quarterly cash dividend of $0.36 per share, payable May 29, 2026, implying an annualized dividend yield of about 3.50% based on the April 21, 2026 closing share price.
Virginia National Bankshares Corporation reported a board change. On January 30, 2026, its Board of Directors appointed Robert Lee Burrows, Jr. as a director of the Company, effective February 25, 2026. He was also appointed to the board of its wholly owned subsidiary, Virginia National Bank.
Mr. Burrows will receive compensation in line with other non-employee directors, based on the Company’s proxy statement for the 2025 annual meeting of shareholders. As of this report, he has not been assigned to any board committee. The Company issued a press release about his appointment, filed as Exhibit 99.1.
Virginia National Bankshares Corporation reported that it issued a press statement announcing its consolidated earnings for the quarter and year ended December 31, 2025, and furnished this statement as an exhibit.
The board of directors also declared a cash dividend of $0.36 per share on outstanding common stock, payable on February 27, 2026 to stockholders of record as of the close of business on February 13, 2026.
Virginia National Bankshares Corporation announced a planned change in its top finance role. On November 19, 2025, the company said that current Executive Vice President and Chief Financial Officer Tara Y. Harrison will move to a new position as Senior Advisor, effective November 21, 2025. She requested this transition for personal reasons and the company states it does not arise from any disagreement over operations, policies, financial reporting, or controls.
On the same date, Cathy W. Liles, a certified public accountant with extensive bank industry and public accounting experience, will become Executive Vice President and Chief Financial Officer of the company and its bank subsidiary. Ms. Liles will receive an annual base salary of $275,000, participate in the company’s short- and long-term incentive plans, and has been granted a stock option for 2,000 shares of common stock that vests evenly over four years.
Virginia National Bankshares (VABK) reported two updates. The company furnished a press statement announcing consolidated earnings for the quarter ended September 30, 2025. Its Board of Directors also declared a cash dividend of $0.36 per share, payable on November 28, 2025 to stockholders of record as of the close of business on November 14, 2025.
The earnings press statement is included as Exhibit 99.1. The information was furnished and is not deemed filed under the Exchange Act.