Recent Updates — VABK
July 23, 2026View Source ↗
Virginia National Bankshares Corporation reported second quarter 2026 net income of $9.0 million, or $1.65 per diluted share, an increase from $4.2 million, or $0.78 per diluted share, in the prior year period. Growth was driven by a 13 basis point reduction in the cost of funds and a $4.7 million gain from the sale of a limited investment partnership interest in Bearing Insurance Group, LLC. Key metrics included a net interest margin of 3.65% and an efficiency ratio of 41.6%. The company also declared a quarterly cash dividend of $0.36 per share. Virginia National Bankshares Corporation is a bank holding company that provides a full range of banking and financial services.