Business
VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES 2025 SECOND QUARTER EARNINGS AND QUARTERLY DIVIDEND
Virginia National Bankshares Corporation (NASDAQ: VABK) (the "Company") today reported quarterly net income of $4.2 million, or $0.78 per diluted share, for the quarter ended June 30, 2025, compared to $4.2 million, or $0.77 per diluted share, recognized for the quarter ended June 30, 2024. For the six months ended June 30, 2025, the Company recognized net income of $8.7 million, or $1.61 per diluted share, compared to $7.8 million, or $1.45 per diluted share, for the six months ended June 30, 2
About this update from Virginia National Bankshares Corporation
[{"type":"text","content":"CHARLOTTESVILLE, Va., July 24, 2025 /PRNewswire/ -- Virginia National Bankshares Corporation (NASDAQ: VABK) (the "Company") today reported quarterly net income of $4.2 million, or $0.78 per diluted share, for the quarter ended June 30, 2025, compared to $4.2 million, or $0.77 per diluted share, recognized for the quarter ended June 30, 2024. For the six months ended June 30, 2025, the Company recognized net income of $8.7 million, or $1.61 per diluted share, compared to $7.8 million, or $1.45 per diluted share, for the six months ended June 30, 2024.","length":592,"tagName":"p"},{"type":"image","alt":"Virginia National Bankshares Corporation (PRNewsfoto/Virginia National Bankshares)","displaySize":"","headline":null,"caption":"Virginia National Bankshares Corporation (PRNewsfoto/Virginia National Bankshares)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/d0091f1e8b81886db7683443d98f8666"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/GycX3fblr2mOS1piWRXtPQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/d0091f1e8b81886db7683443d98f8666","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/1500288/Virginia_National_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The increase in second quarter net income year-over-year was primarily the result of increased net interest income, resulting from increased interest income from higher average loan balances compared to the prior period, combined with decreased interest expense, as a result of the reduction in cost of funds associated with deposits and borrowings. The decrease in interest expense on deposits was the primary contributor to the increase in net income year-to-date for 2025 compared to the prior year. ","length":515,"tagName":"p"},{"type":"text","content":"Dividend Declaration","length":20,"tagName":"p"},{"type":"text","content":"On July 23, 2025, the Company's Board of Directors declared a quarterly cash dividend of $0.36 per share of common stock payable on August 29, 2025, to the holders of record at the close of business on August 15, 2025. The quarterly cash dividend represents an annual yield to shareholders of approximately 3.78% b...