Virginia National Bankshares Corporation — Third Quarter 2026 Earnings Summary

Virginia National Bankshares Corporation reported a net income of $6.6 million, or $1.20 per diluted share, for the third quarter of 2026, representing a significant increase from the $4.6 million reported in the same period of 2025. This financial improvement was driven by a 26 basis point rise in loan yields, a 9 basis point reduction in the cost of funds, and a $421,000 payout from bank-owned life insurance. Key performance metrics for the quarter included a return on average assets of 1.58%, a return on average equity of 13.34%, and a fully tax-equivalent net interest margin of 3.73%. The company's balance sheet showed gross loans outstanding at $1.2 billion and total deposits at $1.4 billion, with nonperforming assets comprising only 0.36% of total assets.