Virginia National Bankshares Corp — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 32/100
What the filing says
Virginia National Bankshares reported Q3 2026 net income of $6.6 million ($1.20 diluted EPS), up 43% from $4.6 million ($0.84 EPS) in Q3 2025. Net interest margin (FTE) improved 30 basis points to 3.73% from 3.43%, driven by a 26bp increase in loan yields (to 5.90%) and a 9bp decrease in cost of funds (to 1.68%). Non-interest income benefited from $421K bank-owned life insurance payout following a former employee's death. Year-to-date net income reached $20.8 million versus $13.3 million in 9M 2025.
Why this rating
Earnings growth strong but modest relative to company scale ($174M market cap). Margin expansion and cost controls are operational wins, but core loan growth only 1% YoY ($12.3M on $1.2B portfolio). One-time insurance payout and LP sale gain mask underlying trends. Return to normal deposit seasonality, stable credit quality. Routine quarterly earnings with no material transactions or guidance changes.
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