NASDAQ : VABK
Virginia National Bankshares Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 51.19 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 277.72M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 70.61M | 69.57M | 66.53M | 56.05M | 44.23M | 43.90M |
| Interest Income on Investments | 8.03M | 7.67M | 9.39M | 13.94M | 12.50M | 4.37M |
| Total Interest Income | 78.64M | 77.25M | 75.93M | 69.99M | 56.73M | 48.27M |
| Interest Paid on Deposits | 22.97M | 23.55M | 27.48M | 18.64M | 2.98M | 3.42M |
| Interest Paid on Borrowings | 1.13M | 2.19M | 2.07M | 2.38M | 200.00K | -132.00K |
| Total Interest Expense | 24.10M | 25.74M | 29.55M | 21.02M | 3.18M | 3.28M |
| Net Interest Income | 54.54M | 51.51M | 46.38M | 48.97M | 53.55M | 44.99M |
| Trust Income | 896.00K | 894.00K | 1.15M | 1.98M | 2.44M | 3.51M |
| Gain (Loss) on Sale of Assets | 5.00K | 278.00K | 36.00K | 112.00K | 1.21M | 81.00K |
| Gain (Loss) on Sale of Investments | 4.66M | -4.00K | -206.00K | |||
| Other Non-Interest Income | 3.88M | 3.66M | 4.14M | 5.17M | 5.58M | 5.42M |
| Total Non-Interest Income | 10.87M | 6.09M | 6.68M | 8.64M | 11.02M | 10.46M |
| Revenues Before Loan Losses | 65.41M | 57.60M | 53.06M | 57.61M | 64.57M | 55.45M |
| Provision for Loan Losses | -256.00K | 137.00K | -600.00K | 734.00K | 106.00K | 1.01M |
| Revenue | 65.67M | 57.47M | 53.66M | 56.88M | 64.46M | 54.44M |
| Salaries and Employee Benefits | 15.08M | 14.72M | 14.96M | 15.17M | 16.57M | 15.61M |
| Occupancy Expenses | 1.29M | 1.76M | 1.95M | 1.95M | 2.17M | 1.85M |
| Federal Deposit Insurance | 797.00K | 785.00K | 700.00K | 710.00K | 511.00K | 858.00K |
| Amortization of Goodwill & Intangibles | 967.00K | 1.11M | 1.30M | 1.49M | 1.68M | 1.39M |
| Selling, General & Administrative | 8.24M | 8.47M | 8.59M | 8.91M | 10.78M | 10.04M |
| Other Non-Interest Expense | 5.84M | 6.54M | 6.16M | 5.83M | 6.60M | 5.35M |
| Total Non-Interest Expense | 32.22M | 33.38M | 33.67M | 34.06M | 38.31M | 35.10M |
| EBT Excluding Unusual Items | 33.45M | 24.08M | 20.00M | 22.81M | 26.15M | 19.34M |
| Legal Settlements | 2.40M | |||||
| Other Unusual Items | 904.00K | 460.00K | ||||
| Pretax Income | 33.45M | 24.08M | 20.90M | 23.27M | 28.55M | 11.92M |
| Income Tax Expense | 6.67M | 4.82M | 3.93M | 4.01M | 5.11M | 1.85M |
| Net Income | 26.78M | 19.26M | 16.97M | 19.26M | 23.44M | 10.07M |
| Net Income to Common | 26.78M | 19.26M | 16.97M | 19.26M | 23.44M | 10.07M |
| Basic Shares Outstanding | 5.41M | 5.39M | 5.37M | 5.36M | 5.32M | 4.67M |
| Diluted Shares Outstanding | 5.45M | 5.42M | 5.39M | 5.37M | 5.35M | 4.70M |
| EPS (Basic) | 4.95 | 3.57 | 3.16 | 3.60 | 4.40 | 2.16 |
| EPS (Diluted) | 4.92 | 3.55 | 3.15 | 3.58 | 4.38 | 2.14 |
| Dividend Per Share | 1.44 | 1.41 | 1.32 | 1.32 | 1.20 | 1.20 |
| Effective Tax Rate | 19.95% | 20.02% | 18.82% | 17.23% | 17.89% | 15.49% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 57.93M | 70.61M | 17.10M | 28.39M | 40.14M | 508.84M |
| Investment Securities | 224.97M | 125.40M | 132.03M | 267.85M | 371.11M | 132.85M |
| Mortgage-Backed Securities | 123.50M | 132.81M | 155.14M | 167.08M | 170.96M | |
| Total Investments | 224.97M | 248.91M | 264.84M | 423.00M | 538.19M | 303.82M |
| Gross Loans | 1.25B | 1.24B | 1.24B | 1.09B | 936.41M | 1.06B |
| Allowance for Loan Losses | -8.17M | -8.27M | -8.46M | -8.39M | -5.55M | -5.98M |
| Net Loans | 1.24B | 1.23B | 1.23B | 1.08B | 930.86M | 1.06B |
| Property, Plant & Equipment | 22.10M | 17.98M | 20.93M | 22.94M | 24.34M | 32.68M |
| Goodwill | 7.77M | 7.77M | 7.77M | 7.77M | 7.77M | 8.14M |
| Other Intangible Assets | 1.98M | 2.68M | 3.79M | 5.09M | 6.59M | 8.54M |
| Accrued Interest Receivable | 11.28M | 6.21M | 6.43M | 6.18M | 4.88M | 3.78M |
| Other Current Assets | 965.00K | |||||
| Long-Term Deferred Tax Assets | 14.72M | 12.08M | 15.41M | 15.38M | 17.32M | 4.84M |
| Other Real Estate Owned & Foreclosed | 611.00K | |||||
| Other Long-Term Assets | 47.70M | 54.19M | 53.05M | 53.00M | 52.32M | 45.71M |
| Total Assets | 1.63B | 1.65B | 1.62B | 1.65B | 1.62B | 1.97B |
| Interest Bearing Deposits | 1.04B | 972.81M | 947.37M | 929.64M | 953.79M | 1.23B |
| Institutional Deposits | 96.60M | 102.10M | 106.60M | 28.90M | 45.30M | |
| Non-Interest Bearing Deposits | 357.50M | 362.32M | 374.08M | 372.86M | 495.65M | 522.28M |
| Total Deposits | 1.40B | 1.43B | 1.42B | 1.41B | 1.48B | 1.80B |
| Short-Term Borrowings | 20.00M | 20.00M | 20.24M | 69.96M | 8.00K | |
| Current Portion of Leases | 1.64M | |||||
| Accrued Interest Payable | 4.11M | 1.43M | 1.84M | 2.14M | 157.00K | 174.00K |
| Long-Term Debt | 506.00K | |||||
| Long-Term Leases | 10.36M | 4.55M | 5.39M | 6.50M | 6.17M | 7.11M |
| Trust Preferred Securities | 3.59M | 3.55M | 3.51M | 3.46M | 2.91M | 3.37M |
| Pension & Post-Retirement Benefits | 101.00K | |||||
| Other Long-Term Liabilities | 2.57M | 2.01M | 1.81M | 1.86M | 3.37M | |
| Total Liabilities | 1.44B | 1.47B | 1.46B | 1.49B | 1.49B | 1.81B |
| Common Stock | 13.42M | 13.33M | 13.26M | 13.26M | 13.21M | 13.18M |
| Additional Paid-In Capital | 108.05M | 107.34M | 106.39M | 106.05M | 105.34M | 104.58M |
| Retained Earnings | 109.13M | 94.17M | 82.51M | 73.78M | 63.48M | 46.44M |
| Comprehensive Income & Other | -40.59M | -30.67M | -41.86M | -40.04M | -48.62M | -2.21M |
| Shareholders' Equity | 190.02M | 184.16M | 160.30M | 153.04M | 133.42M | 161.99M |
| Total Liabilities & Equity | 1.63B | 1.65B | 1.62B | 1.65B | 1.62B | 1.97B |
| Total Debt | 33.95M | 29.75M | 29.13M | 79.92M | 9.59M | 10.48M |
| Net Cash (Debt) | 35.22M | 40.87M | -12.03M | -51.53M | 30.55M | 498.36M |
| Net Cash Per Share | 6.46 | 7.54 | -2.23 | -9.59 | 5.71 | 106.14 |
| Filing Date Shares Outstanding | 5.43M | 5.42M | 5.39M | 5.39M | 5.34M | 5.33M |
| Total Common Shares Outstanding | 5.43M | 5.39M | 5.37M | 5.37M | 5.34M | 5.31M |
| Book Value Per Share | 35.01 | 34.15 | 29.85 | 28.52 | 25.00 | 30.52 |
| Tangible Book Value | 180.28M | 173.71M | 148.74M | 140.18M | 119.06M | 145.30M |
| Tangible Book Value Per Share | 33.21 | 32.21 | 27.69 | 26.12 | 22.31 | 27.37 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 19.26M | 16.97M | 19.26M | 23.44M | 10.07M | |
| Depreciation & Amortization | 3.99M | 4.26M | 4.77M | 5.08M | 4.40M | |
| Gain (Loss) on Sale of Assets | -278.00K | -36.00K | -112.00K | -1.25M | -65.00K | |
| Gain (Loss) on Sale of Investments | 805.00K | 530.00K | -2.24M | -364.00K | 1.54M | |
| Provision for Credit Losses | 137.00K | -600.00K | 734.00K | 106.00K | 1.01M | |
| Accrued Interest Receivable | 676.00K | -1.38M | 52.00K | -828.00K | -2.60M | |
| Other Operating Activities | -2.87M | -4.62M | -8.43M | -2.86M | -3.39M | |
| Operating Cash Flow | 21.33M | 15.29M | 13.90M | 22.68M | 13.06M | |
| Capital Expenditures | -582.00K | -733.00K | -1.17M | -546.00K | -1.29M | |
| Sale of Property, Plant and Equipment | 3.27M | 104.00K | 2.36M | 6.31M | 34.00K | |
| Cash Acquisitions | 153.28M | |||||
| Investment in Securities | 28.91M | 154.22M | 131.23M | -293.63M | -42.71M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 176.00K | -140.03M | -150.35M | 126.60M | 153.20M | |
| Other Investing Activities | 21.00K | 2.19M | -1.84M | -6.54M | -320.00K | |
| Investing Cash Flow | 31.80M | 15.75M | -19.77M | -167.20M | 262.19M | |
| Short-Term Debt Issued | 3.46M | |||||
| Long-Term Debt Issued | 66.50M | |||||
| Total Debt Issued | 69.96M | |||||
| Short-Term Debt Repaid | -236.00K | -3.23M | ||||
| Long-Term Debt Repaid | -45.91M | -42.58M | ||||
| Total Debt Repaid | -236.00K | -49.13M | -42.58M | |||
| Net Debt Issued (Repaid) | -236.00K | -49.13M | 69.96M | -42.58M | ||
| Issuance of Common Stock | 35.00K | 18.00K | 23.00K | 30.00K | ||
| Repurchase of Common Stock | -559.00K | |||||
| Common Dividends Paid | -7.60M | -7.09M | -7.07M | -6.39M | -6.41M | |
| Net Increase (Decrease) in Deposit Accounts | 8.19M | 14.45M | -69.25M | -317.82M | 247.85M | |
| Other Financing Activities | 460.00K | |||||
| Financing Cash Flow | 381.00K | -42.33M | -5.88M | -324.19M | 198.89M | |
| Net Cash Flow | 53.51M | -11.29M | -11.75M | -468.70M | 474.14M | |
| Free Cash Flow | 20.75M | 14.56M | 12.73M | 22.14M | 11.77M | |
| Free Cash Flow Margin | 36.11% | 27.13% | 22.39% | 34.34% | 21.62% | |
| Free Cash Flow Per Share | 3.83 | 2.70 | 2.37 | 4.14 | 2.51 | |
| Cash Interest Paid | 26.14M | 29.77M | 22.15M | 3.20M | 3.27M | |
| Cash Income Tax Paid | 4.43M | 3.58M | 3.81M | 4.45M | 1.22M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 279.58M | 214.92M | 205.17M | 184.48M | 195.30M | 201.08M |
| Last Close Price | 51.51 | 38.87 | 35.91 | 31.10 | 31.92 | 31.83 |
| PE Ratio | 10.47 | 11.16 | 12.09 | 9.58 | 8.33 | 19.97 |
| PS Ratio | 4.26 | 3.74 | 3.82 | 3.24 | 3.03 | 3.69 |
| PB Ratio | 1.47 | 1.17 | 1.28 | 1.21 | 1.46 | 1.24 |
| P/FCF Ratio | 12.34 | 10.36 | 14.10 | 14.49 | 8.82 | 17.08 |
| P/OCF Ratio | 12.02 | 10.07 | 13.42 | 13.27 | 8.61 | 15.39 |
| Debt / Equity Ratio | 0.18 | 0.16 | 0.18 | 0.52 | 0.07 | 0.07 |
| Debt / FCF Ratio | 1.43 | 2.00 | 6.28 | 0.43 | 0.89 | |
| Net Debt / Equity Ratio | -0.18 | -0.22 | 0.07 | 0.34 | -0.23 | -3.08 |
| Net Debt / FCF Ratio | -1.97 | 0.83 | 4.05 | -1.38 | -42.33 | |
| Return on Equity (ROE) | 14.58% | 11.18% | 10.83% | 13.45% | 15.87% | 8.24% |
| Return on Assets (ROA) | 1.66% | 1.18% | 1.04% | 1.18% | 1.30% | 0.71% |
| Earnings Yield | 9.55% | 8.96% | 8.27% | 10.44% | 12.00% | 5.01% |
| FCF Yield | 8.10% | 9.66% | 7.09% | 6.90% | 11.34% | 5.85% |
| Dividend Yield | 2.80% | 3.54% | 3.45% | 3.84% | 3.28% | 3.17% |
| Payout Ratio | 29.27% | 39.47% | 41.77% | 36.72% | 27.27% | 63.63% |
| Buyback Yield / Dilution | -0.66% | -0.49% | -0.35% | -0.41% | -13.97% | -73.35% |
| Total Shareholder Return | 2.14% | 3.05% | 3.10% | 3.43% | -10.69% | -70.19% |