Quarterly ResultMay 12, 2026, 04:38 PM
Virginia National Bankshares Q1 Net Income $5.26M, EPS $0.97
AI Summary
Virginia National Bankshares Corp. reported a strong first quarter for 2026, with net income increasing by 17.15% to $5.26 million and basic EPS rising by 16.87% to $0.97. The company saw an increase in net interest income and a decrease in total interest expense and noninterest expense, contributing to the improved profitability. Cash dividends also increased to $0.36 per share.
Key Highlights
- Net income for Q1 2026 increased 17.15% to $5.26 million from $4.49 million in Q1 2025.
- Basic earnings per common share rose 16.87% to $0.97 in Q1 2026 from $0.83 in Q1 2025.
- Net interest income grew 4.98% to $12.91 million in Q1 2026 from $12.29 million in Q1 2025.
- Total interest expense decreased to $5.97 million in Q1 2026 from $6.71 million in Q1 2025.
- Total noninterest expense decreased to $8.20 million in Q1 2026 from $8.82 million in Q1 2025.
- Total assets were $1.65 billion as of March 31, 2026, a slight decrease from December 31, 2025.
- Cash dividends declared increased to $0.36 per share in Q1 2026 from $0.33 per share in Q1 2025.