Recent Updates — VABK

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.

Virginia National Bankshares Corporation announced a new share repurchase plan on October 6, 2026, authorizing the company to buy back up to $18.7 million of its common stock. The authorization is valid through October 5, 2027, and allows for open market or privately negotiated transactions subject to Rule 10b-18 pricing and volume requirements. The plan does not obligate the company to acquire a specific amount of shares and may be modified or discontinued at any time. Virginia National Bankshares Corporation operates as a bank holding company providing financial services.

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.