Virginia National Bankshares Corp — Form 8-K
Filed July 23, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 28/100
What the filing says
Virginia National Bankshares reported Q2 2026 net income of $9.0M ($1.65/diluted share) vs. $4.2M ($0.78/share) in Q2 2025. The increase was driven by a $4.7M gain on sale of limited partnership interest in Bearing Insurance Group LLC, 13 basis points cost-of-funds reduction, and lower noninterest expense. Board declared quarterly dividend of $0.36/share payable August 28, 2026 to holders of record August 14, 2026. Specific metrics: Q2 2026 net interest margin (FTE) 3.65% vs. 3.40% prior year; efficiency ratio improved to 41.6% from 61.2%; Return on average assets 2.24% vs. 1.05%; ROE 18.81% vs. 10.05%. Loan yield 5.74% vs. 5.60%; deposit cost 2.12% vs. 2.23%. Book value per share $35.89 (June 2026) vs. $31.67 (June 2025).
Why this rating
One-time $4.7M Bearing gain (2.7% of company market cap) inflates Q2 results; core improvement modest. Dividend sustainable at 2% of earnings. Small bank; $1.6B assets; gain is non-recurring.
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