Earnings ·
Reports $1.20 per diluted share third-quarter net income, up from $0.84
VABKVirginia National Bankshares Corp
Virginia National Bankshares Corporation reported consolidated net income of $6.6 million, or $1.20 per diluted share, for the quarter ended September 30, 2026, compared to $4.6 million, or $0.84 per diluted share, in the prior year period. The increase was driven by a 26 basis point rise in loan yields, a 9 basis point reduction in cost of funds, and a $421 thousand payout from bank owned life insurance. Net interest margin expanded to 3.73% from 3.43%, while the efficiency ratio improved to 50.7%. The company operates as a bank holding company providing commercial banking services in Virginia.