Earnings Releases·Oct 29, 2026, 4:30 PM ET

Virginia National Bankshares Corporation — Third Quarter 2026 Earnings Summary

Net income rose 43.5% year-over-year to $6.6 million ($1.20 per diluted share), driven by a 30-basis point expansion in net interest margin to 3.73% and a $421,000 bank-owned life insurance payout.
Operational efficiency improved significantly with the efficiency ratio falling to 50.7% and ROAA increasing to 1.58%, supported by a 1.6% reduction in noninterest expenses and higher loan yields.
Balance sheet growth continued with gross loans up 1.0% to $1.2 billion and total deposits rising $14.6 million to $1.4 billion, while nonperforming assets declined to $5.9 million.
Management declared $2.0 million in cash dividends ($0.36 per share) and expressed confidence in long-term value creation through disciplined balance sheet management, though no specific forward financial guidance was provided.