Virginia National Bankshares Corporation · NASDAQ:VABK
Virginia National Bankshares — Shareholder Meeting (June 2022)
14 slides from Virginia National Bankshares's shareholder meeting presentation, Jun 23, 2022
Slide 1: Annual Shareholders' Virtual Meeting
ANNUAL SHAREHOLDERS’ VIRTUAL MEETING June 23, 2022 Exhibit 99.1
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT 1 Certain statements contained or incorporated by reference in this quarterly report on Form 10-Q, including but not limited to, statements concerning future results of operations or financial position, borrowing capacity and future liquidity, future investment results, fut
Slide 3: Introduction
INTRODUCTION 2 Welcome and Remarks Glenn W. Rust President & CEO of Virginia National Bankshares Corp. and CEO of Virginia National Bank Remarks Diane E. Corscadden-Weaver President of Virginia National Bank Financial Presentation Tara Y. Harrison Chief Financial Officer
Slide 4: Financial Information
FINANCIAL INFORMATION Presented by Tara Harrison June 23, 2022
Slide 5: Consolidated Net Income
CONSOLIDATED NET INCOME $10.1 sa $8.0 | i [| 2018 2019 2020 2021 Millions VIRGINIA NATIONAL
Slide 6: Net Income Per Share
NET INCOME PER SHARE 5 *Number of share increase due to merger
Slide 7: 1st Quarter Financial Highlights
1ST QUARTER FINANCIAL HIGHLIGHTS June 23, 2022 Scott’s Addition | Richmond
Slide 8: Consolidated Net Income
CONSOLIDATED NET INCOME Millions VIRGINIA NATIONAL
Slide 9: Corporate Initiatives & Challenges
CORPORATE INITIATIVES & CHALLENGES Presented by Glenn Rust June 23, 2022
Slide 10: Corporate Initiatives
CORPORATE INITIATIVES 9 Completed and absorbed the merger. Hired a new Bank President. Hired commercial lenders in Northern Virginia. Hired portfolio managers for new commercial lending team. Hired additional lender for the Richmond market. Consolidated Trust systems. Assessment of additional brick
Slide 11: Corporate Challenges
CORPORATE CHALLENGES 10 Rising interest rates. Looming future recession. Test of bank’s asset quality
Slide 12: Expansion
EXPANSION 11 Winchester Richmond Charlottesville/ Albemarle County Prince William County Warrenton/ Fauquier County Virginia National Bankshares Headquarters
Slide 13: Questions
VIRGINIA NATIONAL BANKSHARES CORPORATION QUESTIONS June 23, 2022
Slide 14: Thank You
THANK YOU June 23, 2022 VABK Headquarters | Charlottesville
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