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.
Virginia National Bankshares Corporation reported solid operating results for the quarter ended June 30, 2025 with total assets of $1.635 billion and shareholders' equity of $170.8 million. The company earned $4.238 million for the quarter and $8.727 million for the six months, with net interest income rising to $12.796 million this quarter from $11.181 million a year earlier as loan interest income increased and overall interest expense declined.
The loan portfolio remained stable at $1.242 billion (net $1.233 billion) while deposits decreased modestly to $1.389 billion. Investment securities available for sale totaled $254.9 million and carried $46.7 million of unrealized losses, which management attributes to higher market interest rates and expects to hold to recovery. The allowance for credit losses was $8.347 million, and core operating expenses and compensation items were largely consistent with prior periods.