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CHARLOTTESVILLE - Virginia National Bankshares Corporation (NASDAQ:VABK), a regional bank with a market capitalization of $205.6 million, reported quarterly net income of $4.2 million, or $0.78 per diluted share, for the quarter ended June 30, 2025, matching the $4.2 million earned in the same period last year, though per-share earnings increased slightly from $0.77. Trading at a P/E ratio of 11.51x, InvestingPro analysis suggests the stock is currently trading above its Fair Value.
The bank’s net interest income rose 14.4% to $12.8 million compared to the second quarter of 2024, driven by higher interest income from increased loan balances and decreased interest expenses on deposits and borrowings.
The company’s board declared a quarterly cash dividend of $0.36 per share, payable on August 29 to shareholders of record as of August 15, representing an annual yield of approximately 3.78% based on the closing price on July 23. According to InvestingPro data, VABK has maintained dividend payments for 13 consecutive years, demonstrating strong commitment to shareholder returns. Subscribers can access detailed dividend analysis and growth metrics for VABK and thousands of other stocks.
"We continue to post steady earnings results for 2025, with year-to-date earnings of $8.7 million, putting the Bank 12% ahead of 2024," stated Glenn W. Rust, President and Chief Executive Officer.
The bank’s loan-to-deposit ratio increased to 89.4% from 84.3% a year earlier, with loan balances growing by $83.5 million or 7.2% since June 30, 2024. Gross loans outstanding totaled $1.2 billion as of June 30, 2025.
Net interest margin improved to 3.40% from 3.04% in the prior-year quarter, while the efficiency ratio improved to 61.2% from 62.7%. InvestingPro rates VABK’s overall financial health as ’FAIR’ with a score of 2.34 out of 5, with particularly strong marks in profitability metrics.
The bank maintained strong asset quality with nonperforming assets as a percentage of total assets at 0.48% as of June 30, 2025, compared to 0.25% a year earlier.
Book value per share increased to $31.67 as of June 30, 2025, compared to $28.70 as of June 30, 2024.
This information is based on a press release statement from Virginia National Bankshares Corporation.
In other recent news, Virginia National Bankshares Corporation announced an increase in its net income for the first quarter of 2025. The company’s earnings reached $4.5 million, or $0.83 per diluted share, which is an improvement from $3.6 million, or $0.68 per diluted share, reported in the same period last year. This rise in net income is attributed to an increase in net interest income, supported by higher average loan balances and a reduction in interest expenses. Additionally, Virginia National Bankshares raised its dividend, reflecting confidence in its financial performance. These developments highlight the company’s strong start to the year.
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