Virginia National Bankshares (VABK) Financials

$47.45 +0.39 (+0.83%)

Closing price 10/5/2026 04:00 PM Eastern

Extended Trading

$47.45 +0.00 (+0.00%)

As of 04:03 AM Eastern

Annual Income Statements for Virginia National Bankshares

This table shows Virginia National Bankshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	3.12	5.75	6.55	8.47	6.69	7.98	10	23	19	17	19
Consolidated Net Income / (Loss)	3.12	5.75	6.55	8.47	6.69	7.98	10	23	19	17	19
Net Income / (Loss) Continuing Operations	3.12	5.75	6.55	8.47	6.69	7.98	10	23	19	17	19
Total Pre-Tax Income	4.32	8.35	11	11	8.22	10	12	29	23	21	24
Total Revenue	21	24	27	28	27	30	55	67	58	54	58
Net Interest Income / (Expense)	16	18	21	23	22	24	45	54	49	46	52
Total Interest Income	17	19	23	26	26	27	48	57	70	76	77
Loans and Leases Interest Income	15	18	21	24	24	25	44	44	56	67	70
Investment Securities Interest Income	2.47	1.39	1.51	1.56	1.56	2.18	4.00	9.95	13	8.42	6.67
Deposits and Money Market Investments Interest Income	-	-	-	-	-	0.00	0.23	1.47	0.50	0.21	0.17
Federal Funds Sold and Securities Borrowed Interest Income	0.06	0.13	0.24	0.21	0.46	0.10	0.14	1.09	0.21	0.77	0.84
Total Interest Expense	0.97	0.94	1.23	2.79	4.27	3.35	3.28	3.18	21	30	26
Deposits Interest Expense	0.93	0.89	1.13	2.39	4.18	3.28	3.42	2.98	19	27	24
Long-Term Debt Interest Expense	-	-	-	-	-	0.07	-0.13	0.20	2.25	2.04	2.16
Federal Funds Purchased and Securities Sold Interest Expense	0.05	0.04	0.10	0.40	0.09	-	-	0.00	0.14	0.03	0.03
Total Non-Interest Income	4.87	5.48	5.88	5.53	5.55	6.57	10	14	9.10	7.59	6.09
Other Service Charges	2.48	2.86	1.96	2.30	2.36	3.55	5.01	5.64	5.00	4.35	3.68
Net Realized & Unrealized Capital Gains on Investments	0.10	0.18	-0.08	-0.03	0.07	0.74	0.08	1.45	0.37	0.94	0.28
Investment Banking Income	-	-	-	0.57	1.04	1.83	4.66	3.21	1.98	1.15	0.89
Other Non-Interest Income	0.58	0.48	0.66	1.03	2.08	0.44	0.71	3.36	1.76	1.16	1.24
Provision for Credit Losses	0.46	0.11	0.42	1.87	1.38	1.62	1.01	0.11	0.73	-0.60	0.14
Total Non-Interest Expense	16	15	16	16	18	19	43	39	34	34	33
Salaries and Employee Benefits	8.87	7.81	8.28	8.04	9.25	9.47	16	17	16	16	16
Net Occupancy & Equipment Expense	2.49	2.43	3.39	3.42	3.49	3.48	7.33	8.15	7.58	7.03	6.25
Marketing Expense	-	-	-	-	-	0.41	0.92	1.22	1.10	0.73	0.76
Property & Liability Insurance Claims	-	-	-	-	-	0.19	0.86	0.51	0.71	0.70	0.79
Other Operating Expenses	5.04	5.05	4.21	4.56	5.15	4.07	8.47	9.49	7.28	7.97	8.78
Amortization Expense	-	-	-	-	-	0.00	1.39	1.68	1.49	1.30	1.11
Impairment Charge	-	-	-	-	-	-	0.00	0.24	0.00	0.00	0.00
Income Tax Expense	1.20	2.60	4.40	2.07	1.53	2.07	1.85	5.11	4.01	3.93	4.82
Basic Earnings per Share	$1.23	$2.43	$2.61	$3.18	$2.49	$2.95	$2.16	$4.40	$3.60	$3.16	$3.57
Weighted Average Basic Shares Outstanding	2.36M	2.38M	2.42M	2.56M	2.69M	2.71M	5.33M	5.34M	5.39M	5.39M	5.42M
Diluted Earnings per Share	$1.23	$2.41	$2.58	$3.15	$2.49	$2.95	$2.14	$4.38	$3.58	$3.15	$3.55
Weighted Average Diluted Shares Outstanding	2.36M	2.38M	2.42M	2.56M	2.69M	2.71M	5.33M	5.34M	5.39M	5.39M	5.42M
Weighted Average Basic & Diluted Shares Outstanding	2.36M	2.38M	2.42M	2.56M	2.69M	2.71M	5.33M	5.34M	5.39M	5.39M	5.42M
Cash Dividends to Common per Share	$0.38	$0.49	$0.64	$1.09	$1.20	$1.20	$1.20	$1.20	$1.32	$1.32	$1.41

This table shows Virginia National Bankshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	3.17	3.65	4.16	4.60	4.56	4.49	4.24	4.58	5.96	5.26	9.01
Consolidated Net Income / (Loss)	3.17	3.65	4.16	4.60	4.56	4.49	4.24	4.58	5.96	5.26	9.01
Net Income / (Loss) Continuing Operations	3.17	3.65	4.16	4.60	4.56	4.49	4.24	4.58	5.96	5.26	9.01
Total Pre-Tax Income	3.80	4.32	5.09	5.65	5.85	5.39	5.42	5.69	7.58	6.53	11
Total Revenue	13	13	13	13	15	14	14	14	15	14	20
Net Interest Income / (Expense)	11	11	11	12	12	12	13	13	13	13	14
Total Interest Income	18	19	19	19	19	19	19	19	20	19	19
Loans and Leases Interest Income	15	16	16	17	17	17	17	18	18	17	18
Investment Securities Interest Income	3.31	2.60	2.20	1.84	1.77	1.75	1.70	1.63	1.59	1.52	1.48
Federal Funds Sold and Securities Borrowed Interest Income	0.06	0.24	0.16	0.14	0.23	0.18	0.06	0.28	0.30	0.49	0.29
Other Interest Income	-	-	-	-	-	-	0.05	-	-	-	0.05
Total Interest Expense	7.32	7.62	7.48	7.38	7.06	6.71	6.34	6.40	6.29	5.97	5.75
Deposits Interest Expense	6.55	7.04	7.00	6.97	6.47	6.13	5.66	5.81	5.95	5.71	5.49
Long-Term Debt Interest Expense	1.08	0.57	0.47	0.40	1.08	0.58	0.66	0.59	0.33	0.26	0.27
Federal Funds Purchased and Securities Sold Interest Expense	0.03	0.01	0.01	0.01	0.00	0.01	0.02	0.00	-	0.00	0.00
Total Non-Interest Income	2.14	2.18	1.69	1.45	2.27	1.76	1.31	1.35	1.67	1.49	6.03
Other Service Charges	1.13	1.06	1.17	0.92	1.20	0.96	0.80	0.81	1.11	0.95	0.82
Net Realized & Unrealized Capital Gains on Investments	-0.02	0.41	-0.00	0.00	0.53	0.28	0.00	0.00	-	0.01	4.66
Investment Banking Income	0.76	0.43	0.24	0.24	0.25	0.23	0.21	0.22	0.24	0.22	0.21
Other Non-Interest Income	0.27	0.28	0.29	0.29	0.30	0.29	0.31	0.32	0.32	0.32	0.33
Provision for Credit Losses	0.79	-0.02	-0.34	-0.11	-0.13	-0.16	0.00	0.33	-0.04	-0.34	0.23
Total Non-Interest Expense	8.30	8.82	8.12	7.94	8.78	8.82	8.68	8.40	7.48	8.20	8.27
Salaries and Employee Benefits	3.85	4.15	3.85	3.77	4.16	3.94	3.86	3.91	3.98	4.00	4.03
Net Occupancy & Equipment Expense	1.72	1.88	1.61	1.80	1.73	1.94	1.82	1.63	0.86	1.52	1.54
Marketing Expense	0.19	0.25	0.16	0.17	0.16	0.25	0.18	0.17	0.16	0.27	0.25
Property & Liability Insurance Claims	0.17	0.27	0.19	0.13	0.20	0.15	0.15	0.26	-0.22	0.18	0.19
Other Operating Expenses	2.02	1.93	1.98	1.76	2.22	2.26	2.39	2.17	2.43	2.00	2.02
Amortization Expense	0.36	0.34	0.33	0.32	0.31	0.30	0.28	0.27	0.26	0.25	0.24
Income Tax Expense	0.63	0.67	0.93	1.05	1.29	0.90	1.19	1.11	1.62	1.27	2.27
Basic Earnings per Share	$0.60	$0.68	$0.77	$0.86	$0.85	$0.83	$0.79	$0.85	$1.10	$0.97	$1.66
Weighted Average Basic Shares Outstanding	5.39M	5.37M	5.38M	5.37M	5.39M	5.38M	5.39M	5.39M	5.42M	5.41M	5.42M
Diluted Earnings per Share	$0.59	$0.68	$0.77	$0.85	$0.85	$0.83	$0.78	$0.84	$1.10	$0.97	$1.65
Weighted Average Diluted Shares Outstanding	5.39M	5.38M	5.39M	5.40M	5.39M	5.40M	5.42M	5.42M	5.42M	5.44M	5.46M
Weighted Average Basic & Diluted Shares Outstanding	5.39M	5.37M	5.37M	5.37M	5.39M	5.39M	5.39M	5.39M	5.42M	5.42M	5.43M

This table details how cash moves in and out of Virginia National Bankshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-11	-5.03	-20	0.60	0.21	16	474	-469	-12	-11	54
Net Cash From Operating Activities	5.54	5.29	8.80	12	9.35	9.25	13	23	14	15	21
Net Cash From Continuing Operating Activities	5.54	5.29	8.80	12	9.35	9.25	13	23	14	15	21
Net Income / (Loss) Continuing Operations	3.12	5.75	6.55	8.47	6.69	7.98	10	23	19	17	19
Consolidated Net Income / (Loss)	3.12	5.75	6.55	8.47	6.69	7.98	10	23	19	17	19
Provision For Loan Losses	0.46	0.11	0.42	1.87	1.38	1.62	1.01	0.11	0.73	-0.60	0.14
Depreciation Expense	1.16	1.18	1.14	1.12	1.11	1.87	2.94	3.34	3.28	2.96	2.88
Amortization Expense	0.72	0.54	0.53	0.38	0.37	0.81	3.00	1.38	-0.95	1.83	1.92
Non-Cash Adjustments to Reconcile Net Income	0.05	-0.51	0.43	-0.58	-0.25	-1.13	-2.93	-3.42	-7.61	-3.68	-2.18
Changes in Operating Assets and Liabilities, net	0.02	-1.77	-0.27	0.50	0.04	-1.90	-1.03	-2.16	-0.81	-2.18	-0.68
Net Cash From Investing Activities	-44	-43	-61	-4.44	-55	-130	262	-167	-20	16	32
Net Cash From Continuing Investing Activities	-44	-43	-61	-4.44	-55	-130	262	-167	-20	16	32
Purchase of Property, Leasehold Improvements and Equipment	-0.37	-0.59	-0.46	-0.85	-0.19	-0.20	-1.29	-0.55	-1.17	-0.73	-0.58
Purchase of Investment Securities	-137	-78	-95	-0.10	-80	-239	79	-196	-234	-140	0.18
Sale of Property, Leasehold Improvements and Equipment	0.00	0.01	-	-	-	0.00	0.03	6.31	2.36	0.10	3.27
Sale and/or Maturity of Investments	94	36	34	14	30	109	185	23	213	156	29
Net Cash From Financing Activities	28	33	32	-6.72	46	136	199	-324	-5.88	-42	0.38
Net Cash From Continuing Financing Activities	28	33	32	-6.72	46	136	199	-324	-5.88	-42	0.38
Net Change in Deposits	30	38	18	30	49	110	248	-318	-69	14	8.19
Repayment of Debt	-	-	-	-15	-	30	-43	-	67	-46	0.00
Repurchase of Common Equity	-6.34	-1.26	-	-	-	-	-	-	0.00	-0.56	0.00
Payment of Dividends	-0.89	-1.09	-1.39	-2.47	-3.15	-3.25	-6.41	-6.39	-7.07	-7.09	-7.60
Other Financing Activities, Net	5.18	-3.28	0.37	-19	0.10	0.00	0.03	0.02	3.94	-3.23	-0.20
Cash Interest Paid	0.99	0.94	1.23	2.66	4.22	3.49	3.27	3.20	22	30	26
Cash Income Taxes Paid	0.90	2.69	3.78	2.47	1.93	2.75	1.22	4.45	3.81	3.58	4.43

This table details how cash moves in and out of Virginia National Bankshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	10	17	-28	1.87	-2.06	12	8.95	-15	48	6.25	0.48
Net Cash From Operating Activities	3.21	3.17	-6.42	15	3.36	2.09	6.74	5.98	6.53	7.24	3.50
Net Cash From Continuing Operating Activities	3.21	3.17	-6.42	15	3.36	2.09	6.74	5.98	6.53	7.24	3.50
Net Income / (Loss) Continuing Operations	3.17	3.65	4.16	4.60	4.56	4.49	4.24	4.58	5.96	5.26	9.01
Consolidated Net Income / (Loss)	3.17	3.65	4.16	4.60	4.56	4.49	4.24	4.58	5.96	5.26	9.01
Provision For Loan Losses	0.79	-0.02	-0.34	-0.11	-0.13	-0.16	0.00	0.33	-0.04	-0.34	0.23
Depreciation Expense	0.75	0.74	0.74	0.74	0.73	0.77	0.79	-0.46	1.78	0.55	0.55
Amortization Expense	-0.34	0.29	0.50	0.52	0.51	0.50	0.48	0.48	0.46	0.44	0.42
Non-Cash Adjustments to Reconcile Net Income	-1.09	-1.07	-0.60	-0.99	-1.05	-0.85	-0.57	-0.55	-0.21	-0.42	-5.27
Changes in Operating Assets and Liabilities, net	-0.08	-0.41	-11	10	-1.27	-2.64	1.80	1.60	-1.43	1.76	-1.44
Net Cash From Investing Activities	-57	43	26	-41	-13	1.73	8.30	16	6.06	5.96	16
Net Cash From Continuing Investing Activities	-57	43	26	-41	-13	1.73	8.30	16	6.06	5.96	16
Purchase of Property, Leasehold Improvements and Equipment	-0.30	-0.03	-0.40	-0.12	-0.18	-0.26	-0.03	0.07	-0.36	-0.21	-0.09
Purchase of Investment Securities	-86	-35	-29	-56	-18	-5.93	-1.30	9.65	-2.22	0.37	4.01
Sale and/or Maturity of Investments	29	78	56	15	5.37	4.87	9.63	6.00	8.42	5.74	13
Net Cash From Financing Activities	64	-29	-48	27	7.09	8.65	-6.09	-37	35	-6.95	-19
Net Cash From Continuing Financing Activities	64	-29	-48	27	7.09	8.65	-6.09	-37	35	-6.95	-19
Net Change in Deposits	39	23	-58	6.06	44	11	-45	-4.18	47	-5.00	-18
Payment of Dividends	-1.77	-1.77	-1.77	-1.77	-1.77	-1.78	-1.94	-1.94	-1.94	-1.95	-1.95
Cash Interest Paid	11	7.10	8.03	7.42	7.23	6.85	6.65	6.26	6.38	6.02	5.80
Cash Income Taxes Paid	0.23	-	-	0.85	1.20	0.00	-	1.09	1.25	0.00	2.44

This table presents Virginia National Bankshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	567	605	644	645	703	848	1,972	1,623	1,646	1,617	1,650
Cash and Due from Banks	14	10	11	12	15	8.12	20	21	18	5.31	5.80
Federal Funds Sold	29	28	6.89	7.13	4.18	27	152	0.05	0.00	0.00	54
Interest Bearing Deposits at Other Banks	-	-	-	-	-	0.00	336	19	10	12	11
Trading Account Securities	75	57	68	61	114	174	304	538	421	264	248
Loans and Leases, Net of Allowance	420	478	525	532	535	604	1,055	931	1,084	1,228	1,229
Loans and Leases	424	482	529	537	540	609	1,061	936	1,093	1,236	1,238
Allowance for Loan and Lease Losses	3.57	3.69	4.04	4.89	4.21	5.46	5.98	5.55	8.40	8.46	8.27
Premises and Equipment, Net	8.67	8.05	7.37	7.04	6.15	5.24	25	18	16	15	12
Goodwill	0.00	0.37	0.37	0.37	0.37	0.37	8.14	7.77	7.77	7.77	7.77
Intangible Assets	0.00	0.68	0.58	0.48	0.41	0.34	8.55	6.59	5.09	3.79	2.68
Other Assets	20	22	25	24	27	30	63	82	84	82	80
Total Liabilities & Shareholders' Equity	567	605	644	645	703	848	1,972	1,623	1,646	1,617	1,650
Total Liabilities	511	546	579	574	627	766	1,810	1,490	1,493	1,457	1,466
Non-Interest Bearing Deposits	185	176	193	186	167	210	522	496	373	374	362
Interest Bearing Deposits	302	349	350	387	454	521	1,274	983	1,036	1,049	1,069
Federal Funds Purchased and Securities Sold	-	-	-	-	-	-	-	0.00	3.46	0.24	0.00
Short-Term Debt	23	20	34	-	-	-	-	0.00	67	20	20
Other Short-Term Payables	1.57	1.63	-	1.53	-	1.46	-	2.02	-	3.85	4.10
Long-Term Debt	-	-	-	-	0.00	30	3.37	3.41	3.46	3.51	3.55
Other Long-Term Liabilities	-	-	1.73	-	5.31	3.59	11	6.17	10	5.39	6.19
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	56	59	65	71	76	83	162	133	153	160	184
Total Preferred & Common Equity	56	59	65	71	76	83	162	133	153	160	184
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	56	59	65	71	76	83	162	133	153	160	184
Common Stock	28	27	28	33	39	39	118	119	119	120	121
Retained Earnings	28	33	38	39	37	42	46	63	74	83	94
Accumulated Other Comprehensive Income / (Loss)	-0.12	-0.78	-0.88	-1.28	-0.04	1.46	-2.21	-49	-40	-42	-31

This table presents Virginia National Bankshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	1,563	1,619	1,574	1,615	1,634	1,635	1,606	1,648	1,638
Cash and Due from Banks	7.42	7.16	8.79	10	17	6.00	6.17	8.50	36
Federal Funds Sold	1.02	28	0.00	0.00	3.34	23	7.96	58	32
Interest Bearing Deposits at Other Banks	9.96	11	8.52	8.98	9.66	9.84	8.97	11	9.69
Trading Account Securities	391	342	285	279	263	255	253	240	235
Loans and Leases, Net of Allowance	1,013	1,120	-8.03	1,207	1,234	1,233	1,226	1,230	1,226
Loans and Leases	1,021	1,128	-	1,216	1,242	1,242	1,235	1,238	1,234
Allowance for Loan and Lease Losses	7.80	8.29	8.03	8.52	8.33	8.35	8.51	7.98	8.12
Premises and Equipment, Net	16	16	16	16	12	12	12	12	12
Goodwill	7.77	7.77	7.77	7.77	7.77	7.77	7.77	7.77	7.77
Intangible Assets	5.45	4.75	4.42	4.10	3.50	3.21	2.94	2.44	2.20
Other Assets	111	84	1,252	82	84	85	81	79	79
Total Liabilities & Shareholders' Equity	1,563	1,619	1,574	1,615	1,634	1,635	1,606	1,648	1,638
Total Liabilities	1,427	1,467	1,420	1,449	1,467	1,464	1,429	1,462	1,444
Non-Interest Bearing Deposits	399	382	358	360	379	385	362	355	367
Interest Bearing Deposits	971	1,050	1,016	1,020	1,055	1,005	1,023	1,071	1,042
Federal Funds Purchased and Securities Sold	0.00	0.00	2.44	3.11	0.00	0.00	0.00	0.00	0.00
Short-Term Debt	43	20	30	53	20	61	30	20	20
Other Short-Term Payables	3.28	5.03	3.79	-	4.49	3.67	4.10	5.54	5.26
Long-Term Debt	3.45	3.47	3.48	3.50	3.52	3.53	3.54	3.57	3.58
Other Long-Term Liabilities	6.82	6.45	6.10	9.86	5.03	6.89	6.54	5.84	5.47
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	136	153	154	166	167	171	177	186	195
Total Preferred & Common Equity	136	153	154	166	167	171	177	186	195
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	136	153	154	166	167	171	177	186	195
Common Stock	119	119	119	119	120	120	120	121	121
Retained Earnings	72	76	78	81	85	88	90	97	105
Accumulated Other Comprehensive Income / (Loss)	-56	-43	-43	-34	-38	-37	-33	-32	-31

This table displays calculated financial ratios and metrics derived from Virginia National Bankshares' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	2,435,874.00	2,368,777.00	2,410,680.00	2,543,452.00	2,692,005.00	2,714,273.00	5,308,335.00	5,327,271.00	5,365,982.00	-	5,393,139.00
DEI Adjusted Shares Outstanding	2,435,874.00	2,368,777.00	2,410,680.00	2,543,452.00	2,692,005.00	2,714,273.00	5,308,335.00	5,327,271.00	5,365,982.00	-	5,393,139.00
DEI Earnings Per Adjusted Shares Outstanding	1.28	2.43	2.72	3.33	2.48	2.94	1.90	4.40	3.59	-	3.57
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.63%	12.17%	14.73%	4.29%	-3.35%	10.81%	82.15%	21.20%	-13.60%	-7.07%	6.74%
EBITDA Growth	46.21%	62.21%	25.40%	-4.61%	-19.40%	31.11%	40.37%	86.28%	-23.05%	0.32%	12.44%
EBIT Growth	83.43%	93.38%	31.22%	-3.81%	-22.04%	22.24%	18.66%	139.54%	-18.47%	-10.20%	15.23%
NOPAT Growth	64.44%	84.17%	14.02%	29.23%	-21.03%	19.27%	26.23%	132.73%	-17.81%	-11.92%	13.53%
Net Income Growth	64.44%	84.17%	14.02%	29.23%	-21.03%	19.27%	26.23%	132.73%	-17.81%	-11.92%	13.53%
EPS Growth	75.71%	95.94%	7.05%	22.09%	-20.95%	18.47%	-27.46%	104.67%	-18.26%	-12.01%	12.70%
Operating Cash Flow Growth	-27.53%	-4.48%	66.19%	33.68%	-20.51%	-1.00%	41.20%	73.63%	-38.71%	9.97%	39.54%
Free Cash Flow Firm Growth	195.59%	180.92%	-315.43%	365.86%	-96.41%	-2,253.55%	-49.70%	221.74%	-228.76%	183.93%	-108.27%
Invested Capital Growth	1.05%	-0.88%	25.96%	-28.69%	7.58%	47.95%	46.85%	-17.25%	62.98%	-17.57%	13.01%
Revenue Q/Q Growth	-1.32%	3.94%	4.49%	-2.41%	-0.25%	5.77%	14.07%	4.55%	-8.54%	3.08%	0.90%
EBITDA Q/Q Growth	14.27%	6.24%	6.94%	-7.44%	-7.48%	24.07%	24.93%	3.61%	-15.36%	12.62%	10.48%
EBIT Q/Q Growth	23.37%	7.71%	8.51%	-8.15%	-3.61%	19.11%	26.97%	10.59%	-17.28%	10.88%	7.76%
NOPAT Q/Q Growth	20.69%	7.22%	-4.84%	6.65%	-3.62%	17.44%	35.98%	8.20%	-16.80%	8.95%	7.82%
Net Income Q/Q Growth	20.69%	7.22%	-4.84%	6.65%	-3.62%	17.44%	35.98%	8.20%	-16.80%	8.95%	7.82%
EPS Q/Q Growth	23.00%	8.07%	-6.18%	4.30%	-1.97%	17.53%	0.00%	8.68%	-16.94%	9.00%	7.58%
Operating Cash Flow Q/Q Growth	6.93%	-11.90%	21.73%	4.77%	25.28%	-18.86%	34.75%	-3.13%	-12.72%	1.00%	17.43%
Free Cash Flow Firm Q/Q Growth	131.58%	-23.08%	37.28%	57.30%	-92.52%	25.18%	-20.57%	-6.46%	-125.67%	332.48%	-116.09%
Invested Capital Q/Q Growth	4.77%	8.15%	-2.60%	-18.04%	0.73%	-6.52%	1.28%	5.76%	22.41%	-17.17%	-1.51%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	29.30%	42.37%	46.31%	42.36%	35.32%	41.79%	32.21%	49.50%	44.08%	47.59%	50.13%
EBIT Margin	20.39%	35.15%	40.20%	37.08%	29.90%	32.99%	21.49%	42.47%	40.08%	38.73%	41.81%
Profit (Net Income) Margin	14.74%	24.20%	24.05%	29.80%	24.35%	26.21%	18.16%	34.87%	33.17%	31.44%	33.44%
Tax Burden Percent	72.28%	68.84%	59.82%	80.37%	81.41%	79.44%	84.51%	82.11%	82.77%	81.18%	79.98%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	27.72%	31.16%	40.18%	19.63%	18.59%	20.56%	15.49%	17.89%	17.23%	18.82%	20.02%
Return on Invested Capital (ROIC)	3.95%	7.27%	7.37%	9.97%	9.11%	8.46%	7.25%	15.51%	10.71%	8.34%	9.84%
ROIC Less NNEP Spread (ROIC-NNEP)	3.95%	7.27%	7.37%	9.97%	0.00%	8.46%	7.25%	15.51%	10.71%	8.34%	9.84%
Return on Net Nonoperating Assets (RNNOA)	1.39%	2.70%	3.19%	2.50%	0.00%	1.60%	0.99%	0.36%	2.74%	2.49%	1.34%
Return on Equity (ROE)	5.34%	9.97%	10.56%	12.47%	0.00%	10.05%	8.24%	15.87%	13.45%	10.83%	11.18%
Cash Return on Invested Capital (CROIC)	2.90%	8.15%	-15.61%	43.46%	1.80%	-30.22%	-30.71%	34.39%	-37.19%	27.61%	-2.37%
Operating Return on Assets (OROA)	0.78%	1.42%	1.75%	1.64%	1.22%	1.30%	0.85%	1.59%	1.42%	1.28%	1.47%
Return on Assets (ROA)	0.57%	0.98%	1.05%	1.31%	0.99%	1.03%	0.71%	1.30%	1.18%	1.04%	1.18%
Return on Common Equity (ROCE)	5.34%	9.97%	10.56%	12.47%	0.00%	10.05%	8.24%	15.87%	13.45%	10.83%	11.18%
Return on Equity Simple (ROE_SIMPLE)	5.54%	9.73%	10.07%	11.97%	8.79%	9.66%	6.22%	17.57%	12.59%	10.58%	10.46%
Net Operating Profit after Tax (NOPAT)	3.12	5.75	6.55	8.47	6.69	7.98	10	23	19	17	19
NOPAT Margin	14.74%	24.20%	24.05%	29.80%	24.35%	26.21%	18.16%	34.87%	33.17%	31.44%	33.44%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	53.63%	43.12%	42.82%	40.31%	46.37%	43.86%	43.97%	39.63%	42.32%	43.90%	39.42%
Operating Expenses to Revenue	77.43%	64.39%	58.27%	56.34%	65.09%	61.68%	76.68%	57.37%	58.66%	62.38%	57.96%
Earnings before Interest and Taxes (EBIT)	4.32	8.35	11	11	8.22	10	12	29	23	21	24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6.21	10	13	12	9.70	13	18	33	26	26	29
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.89	0.83	0.76	1.33	1.19	0.73	1.13	1.38	1.15	1.27	1.16
Price to Tangible Book Value (P/TBV)	0.89	0.84	0.78	1.35	1.20	0.74	1.26	1.54	1.25	1.37	1.23
Price to Revenue (P/Rev)	2.37	2.06	1.82	3.32	3.30	1.99	3.29	2.74	3.03	3.77	3.70
Price to Earnings (P/E)	16.10	8.50	7.59	11.13	13.55	7.59	18.14	7.84	9.13	11.98	11.06
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.62%	3.48%	4.94%	3.49%	4.41%
Earnings Yield	6.21%	11.77%	13.18%	8.99%	7.38%	13.17%	5.51%	12.75%	10.95%	8.35%	9.04%
Enterprise Value to Invested Capital (EV/IC)	0.38	0.38	0.66	1.07	0.94	0.50	0.00	1.08	0.98	1.14	0.80
Enterprise Value to Revenue (EV/Rev)	1.41	1.27	2.40	2.65	2.60	1.84	0.00	2.19	3.74	3.89	2.88
Enterprise Value to EBITDA (EV/EBITDA)	4.81	2.99	5.19	6.26	7.37	4.39	0.00	4.42	8.50	8.16	5.75
Enterprise Value to EBIT (EV/EBIT)	6.92	3.60	5.98	7.15	8.71	5.57	0.00	5.15	9.34	10.03	6.89
Enterprise Value to NOPAT (EV/NOPAT)	9.57	5.23	10.00	8.90	10.69	7.01	0.00	6.28	11.29	12.36	8.62
Enterprise Value to Operating Cash Flow (EV/OCF)	5.39	5.68	7.45	6.41	7.65	6.04	0.00	6.48	15.64	13.71	7.78
Enterprise Value to Free Cash Flow (EV/FCFF)	13.01	4.66	0.00	2.04	54.02	0.00	0.00	2.83	0.00	3.73	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.41	0.33	0.52	0.00	0.00	0.36	0.02	0.03	0.46	0.15	0.13
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.36	0.02	0.03	0.02	0.02	0.02
Financial Leverage	0.35	0.37	0.43	0.25	0.00	0.19	0.14	0.02	0.26	0.30	0.14
Leverage Ratio	9.45	10.16	10.06	9.49	9.18	9.77	11.53	12.17	11.41	10.41	9.48
Compound Leverage Factor	9.45	10.16	10.06	9.49	9.18	9.77	11.53	12.17	11.41	10.41	9.48
Debt to Total Capital	29.14%	25.01%	34.37%	0.00%	0.00%	26.64%	2.04%	2.49%	31.37%	12.79%	11.34%
Short-Term Debt to Total Capital	29.14%	25.01%	34.37%	0.00%	0.00%	0.00%	0.00%	0.00%	29.82%	10.88%	9.63%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	26.64%	2.04%	2.49%	1.55%	1.91%	1.71%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	70.86%	74.99%	65.63%	100.00%	100.00%	73.36%	97.96%	97.51%	68.63%	87.21%	88.66%
Debt to EBITDA	3.73	1.96	2.70	0.00	0.00	2.36	0.19	0.10	2.73	0.92	0.82
Net Debt to EBITDA	-3.28	-1.87	1.25	0.00	0.00	-0.37	-28.30	-1.10	1.62	0.25	-1.63
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	2.36	0.19	0.10	0.14	0.14	0.12
Debt to NOPAT	7.42	3.43	5.20	0.00	0.00	3.76	0.33	0.15	3.63	1.39	1.22
Net Debt to NOPAT	-6.53	-3.27	2.41	0.00	0.00	-0.59	-50.19	-1.57	2.16	0.38	-2.44
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	3.76	0.33	0.15	0.18	0.21	0.18
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2.30	6.45	-14	37	1.32	-29	-43	52	-67	56	-4.65
Operating Cash Flow to CapEx	1,509.54%	917.16%	1,899.57%	1,389.72%	4,944.97%	4,649.75%	1,037.73%	0.00%	0.00%	2,430.84%	0.00%
Free Cash Flow to Firm to Interest Expense	2.36	6.88	-11.26	13.23	0.31	-8.51	-13.00	16.32	-3.18	1.90	-0.18
Operating Cash Flow to Interest Expense	5.69	5.65	7.13	4.21	2.19	2.76	3.98	7.12	0.66	0.52	0.83
Operating Cash Flow Less CapEx to Interest Expense	5.31	5.03	6.75	3.91	2.14	2.70	3.60	8.94	0.72	0.50	0.93
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.03	0.04
Fixed Asset Turnover	2.34	2.84	3.54	3.94	4.17	5.35	3.66	3.13	3.42	3.42	4.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	79	79	99	71	76	113	165	137	223	184	208
Invested Capital Turnover	0.27	0.30	0.31	0.33	0.37	0.32	0.40	0.44	0.32	0.27	0.29
Increase / (Decrease) in Invested Capital	0.83	-0.70	20	-28	5.37	36	53	-29	86	-39	24
Enterprise Value (EV)	30	30	66	75	72	56	-323	147	217	210	166
Market Capitalization	50	49	50	94	91	61	183	184	176	203	213
Book Value per Share	$23.11	$24.93	$27.01	$27.81	$28.27	$30.43	$30.52	$25.04	$28.52	$29.85	$34.15
Tangible Book Value per Share	$23.11	$24.49	$26.61	$27.48	$27.98	$30.17	$27.37	$22.35	$26.12	$27.69	$32.21
Total Capital	79	79	99	71	76	113	165	137	223	184	208
Total Debt	23	20	34	0.00	0.00	30	3.37	3.41	70	24	24
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	30	3.37	3.41	3.46	3.51	3.55
Net Debt	-20	-19	16	-19	-19	-4.70	-505	-37	42	6.40	-47
Capital Expenditures (CapEx)	0.37	0.58	0.46	0.85	0.19	0.20	1.26	-5.77	-1.19	0.63	-2.69
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	23	20	34	0.00	0.00	30	3.37	3.41	70	24	24
Total Depreciation and Amortization (D&A)	1.89	1.72	1.67	1.50	1.49	2.68	5.94	4.72	2.33	4.78	4.79
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.23	$2.43	$2.74	$3.33	$2.49	$2.94	$2.16	$4.40	$3.60	$3.16	$3.57
Adjusted Weighted Average Basic Shares Outstanding	2.36M	2.38M	2.42M	2.56M	2.69M	2.71M	5.33M	5.34M	5.39M	5.39M	5.42M
Adjusted Diluted Earnings per Share	$1.23	$2.41	$2.71	$3.31	$2.49	$2.94	$2.14	$4.38	$3.58	$3.15	$3.55
Adjusted Weighted Average Diluted Shares Outstanding	2.36M	2.38M	2.42M	2.56M	2.69M	2.71M	5.33M	5.34M	5.39M	5.39M	5.42M
Adjusted Basic & Diluted Earnings per Share	$1.23	$2.43	$2.74	$0.00	$2.49	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	2.36M	2.38M	2.42M	2.56M	2.69M	2.71M	5.33M	5.34M	5.39M	5.39M	5.42M
Normalized Net Operating Profit after Tax (NOPAT)	3.12	5.75	6.55	8.47	6.69	8.76	16	24	19	17	19
Normalized NOPAT Margin	14.74%	24.20%	24.05%	29.80%	24.35%	28.78%	29.47%	35.17%	33.17%	31.44%	33.44%
Pre Tax Income Margin	20.39%	35.15%	40.20%	37.08%	29.90%	32.99%	21.49%	42.47%	40.08%	38.73%	41.81%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.43	8.91	8.88	3.78	1.92	3.00	3.63	8.97	1.11	0.71	0.94
NOPAT to Interest Expense	3.20	6.13	5.31	3.04	1.57	2.38	3.07	7.36	0.92	0.57	0.75
EBIT Less CapEx to Interest Expense	4.06	8.30	8.50	3.47	1.88	2.94	3.25	10.78	1.16	0.69	1.04
NOPAT Less CapEx to Interest Expense	2.83	5.52	4.94	2.73	1.52	2.32	2.68	9.17	0.97	0.55	0.85
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.55%	19.00%	21.13%	29.11%	47.08%	40.71%	63.63%	27.27%	36.72%	41.77%	39.47%
Augmented Payout Ratio	231.75%	40.92%	21.13%	29.11%	47.08%	40.71%	63.63%	27.27%	36.72%	45.07%	39.47%

This table displays calculated financial ratios and metrics derived from Virginia National Bankshares' official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	5,365,982.00	5,390,388.00	5,370,912.00	5,370,912.00	-	5,391,979.00	5,391,979.00	5,391,979.00	5,393,139.00	5,422,082.00	5,422,513.00
DEI Adjusted Shares Outstanding	5,365,982.00	5,390,388.00	5,370,912.00	5,370,912.00	-	5,391,979.00	5,391,979.00	5,391,979.00	5,393,139.00	5,422,082.00	5,422,513.00
DEI Earnings Per Adjusted Shares Outstanding	0.59	0.68	0.77	0.86	-	0.83	0.79	0.85	1.10	0.97	1.66
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-29.61%	-16.41%	-18.26%	-1.95%	12.52%	7.17%	9.59%	7.03%	3.56%	2.43%	40.21%
EBITDA Growth	-52.46%	-31.21%	-15.94%	13.68%	68.34%	24.39%	5.69%	-17.47%	38.62%	13.02%	83.04%
EBIT Growth	-56.15%	-38.99%	-26.51%	3.10%	53.99%	24.86%	6.58%	0.71%	29.67%	21.19%	108.00%
NOPAT Growth	-55.11%	-37.04%	-26.40%	-1.14%	43.97%	23.12%	1.90%	-0.52%	30.63%	17.15%	112.55%
Net Income Growth	-55.11%	-37.04%	-26.40%	-1.14%	43.97%	23.12%	1.90%	-0.52%	30.63%	17.15%	112.55%
EPS Growth	-55.30%	-37.04%	-26.67%	-1.16%	44.07%	22.06%	1.30%	-1.18%	29.41%	16.87%	111.54%
Operating Cash Flow Growth	-38.73%	-54.79%	-306.70%	2,517.41%	4.74%	-34.01%	204.95%	-60.62%	94.34%	246.27%	-48.00%
Free Cash Flow Firm Growth	-333.27%	8.36%	135.41%	27.04%	152.71%	-18.60%	-296.88%	144.35%	-141.02%	-48.59%	159.99%
Invested Capital Growth	62.98%	7.23%	-8.71%	21.81%	-17.57%	8.10%	25.40%	-4.96%	13.01%	10.39%	-7.24%
Revenue Q/Q Growth	-6.22%	1.75%	-1.85%	4.69%	7.62%	-3.10%	0.38%	2.24%	4.13%	-4.15%	37.41%
EBITDA Q/Q Growth	-30.75%	26.98%	18.42%	9.18%	2.55%	-6.18%	0.62%	-14.75%	72.25%	-23.51%	62.95%
EBIT Q/Q Growth	-30.67%	13.70%	17.86%	10.99%	3.54%	-7.82%	0.61%	4.87%	33.32%	-13.85%	72.69%
NOPAT Q/Q Growth	-31.91%	15.09%	14.07%	10.60%	-0.85%	-1.58%	-5.59%	7.98%	30.20%	-11.73%	71.29%
Net Income Q/Q Growth	-31.91%	15.09%	14.07%	10.60%	-0.85%	-1.58%	-5.59%	7.98%	30.20%	-11.73%	71.29%
EPS Q/Q Growth	-31.40%	15.25%	13.24%	10.39%	0.00%	-2.35%	-6.02%	7.69%	30.95%	-11.82%	70.10%
Operating Cash Flow Q/Q Growth	452.93%	-1.15%	-302.52%	336.46%	-77.87%	-37.70%	222.08%	-11.28%	9.17%	11.00%	-51.63%
Free Cash Flow Firm Q/Q Growth	-72.39%	90.08%	367.93%	-259.29%	224.55%	-122.31%	-344.76%	135.88%	-215.21%	19.19%	279.57%
Invested Capital Q/Q Growth	22.41%	-21.05%	6.59%	18.26%	-17.17%	3.53%	23.65%	-10.37%	-1.51%	1.13%	3.90%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	32.67%	40.77%	49.19%	51.30%	48.88%	47.32%	47.44%	39.55%	65.43%	52.22%	61.93%
EBIT Margin	29.46%	32.92%	39.53%	41.90%	40.32%	38.35%	38.44%	39.43%	50.48%	45.38%	57.03%
Profit (Net Income) Margin	24.58%	27.80%	32.31%	34.13%	31.45%	31.94%	30.04%	31.73%	39.67%	36.53%	45.54%
Tax Burden Percent	83.43%	84.46%	81.74%	81.46%	78.01%	83.28%	78.15%	80.46%	78.58%	80.51%	79.86%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	16.57%	15.54%	18.26%	18.54%	21.99%	16.72%	21.85%	19.54%	21.42%	19.49%	20.14%
Return on Invested Capital (ROIC)	7.93%	9.07%	8.65%	8.84%	8.34%	9.57%	7.98%	8.37%	11.67%	10.57%	12.78%
ROIC Less NNEP Spread (ROIC-NNEP)	7.93%	9.07%	8.65%	8.84%	8.34%	9.57%	7.98%	8.37%	11.67%	10.57%	12.78%
Return on Net Nonoperating Assets (RNNOA)	2.03%	1.42%	2.82%	3.00%	2.49%	1.41%	2.41%	2.18%	1.59%	1.41%	3.08%
Return on Equity (ROE)	9.97%	10.49%	11.46%	11.85%	10.83%	10.98%	10.38%	10.55%	13.27%	11.98%	15.86%
Cash Return on Invested Capital (CROIC)	-37.19%	3.08%	17.05%	-11.96%	27.61%	1.94%	-14.08%	13.34%	-2.37%	0.13%	18.45%
Operating Return on Assets (OROA)	1.05%	1.15%	1.32%	1.38%	1.33%	1.29%	1.35%	1.40%	1.78%	1.60%	2.22%
Return on Assets (ROA)	0.87%	0.97%	1.08%	1.12%	1.04%	1.08%	1.05%	1.12%	1.40%	1.29%	1.77%
Return on Common Equity (ROCE)	9.97%	10.49%	11.46%	11.85%	10.83%	10.98%	10.38%	10.55%	13.27%	11.98%	15.86%
Return on Equity Simple (ROE_SIMPLE)	0.00%	11.22%	10.14%	9.39%	0.00%	10.68%	10.47%	10.07%	0.00%	10.74%	12.74%
Net Operating Profit after Tax (NOPAT)	3.17	3.65	4.16	4.60	4.56	4.49	4.24	4.58	5.96	5.26	9.01
NOPAT Margin	24.58%	27.80%	32.31%	34.13%	31.45%	31.94%	30.04%	31.73%	39.67%	36.53%	45.54%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	44.66%	47.90%	43.65%	42.57%	41.75%	43.60%	41.58%	39.60%	33.30%	40.16%	29.43%
Operating Expenses to Revenue	64.38%	67.25%	63.10%	58.94%	60.55%	62.79%	61.54%	58.27%	49.77%	56.96%	41.80%
Earnings before Interest and Taxes (EBIT)	3.80	4.32	5.09	5.65	5.85	5.39	5.42	5.69	7.58	6.53	11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4.21	5.35	6.33	6.91	7.09	6.65	6.69	5.71	9.83	7.52	12
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.15	1.03	1.10	1.30	1.27	1.12	1.17	1.18	1.16	1.11	1.24
Price to Tangible Book Value (P/TBV)	1.25	1.12	1.20	1.40	1.37	1.21	1.25	1.26	1.23	1.17	1.30
Price to Revenue (P/Rev)	3.03	2.82	3.23	4.12	3.77	3.42	3.55	3.67	3.70	3.57	3.78
Price to Earnings (P/E)	9.13	9.14	10.89	13.86	11.98	10.53	11.15	11.71	11.06	10.34	9.70
Dividend Yield	4.94%	4.55%	4.17%	3.28%	3.49%	3.79%	4.54%	4.41%	4.41%	4.63%	3.24%
Earnings Yield	10.95%	10.94%	9.19%	7.21%	8.35%	9.49%	8.97%	8.54%	9.04%	9.67%	10.31%
Enterprise Value to Invested Capital (EV/IC)	0.98	0.76	0.99	1.14	1.14	0.95	0.96	1.04	0.80	0.73	0.86
Enterprise Value to Revenue (EV/Rev)	3.74	2.42	3.54	4.83	3.89	3.31	4.02	3.85	2.88	2.65	2.94
Enterprise Value to EBITDA (EV/EBITDA)	8.50	5.80	8.48	11.08	8.16	6.73	8.25	8.41	5.75	5.17	5.29
Enterprise Value to EBIT (EV/EBIT)	9.34	6.55	9.97	13.41	10.03	8.26	10.11	9.83	6.89	6.10	6.01
Enterprise Value to NOPAT (EV/NOPAT)	11.29	7.85	11.92	16.23	12.36	10.19	12.61	12.30	8.62	7.68	7.54
Enterprise Value to Operating Cash Flow (EV/OCF)	15.64	13.36	346.91	16.69	13.71	12.77	8.24	12.09	7.78	5.81	8.04
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	25.65	5.56	0.00	3.73	51.02	0.00	7.61	0.00	576.12	4.47
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.46	0.15	0.22	0.34	0.15	0.14	0.38	0.19	0.13	0.13	0.12
Long-Term Debt to Equity	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Financial Leverage	0.26	0.16	0.33	0.34	0.30	0.15	0.30	0.26	0.14	0.13	0.24
Leverage Ratio	11.41	10.85	10.65	10.53	10.41	10.19	9.88	9.38	9.48	9.29	8.96
Compound Leverage Factor	11.41	10.85	10.65	10.53	10.41	10.19	9.88	9.38	9.48	9.29	8.96
Debt to Total Capital	31.37%	13.33%	17.84%	25.23%	12.79%	12.36%	27.42%	15.90%	11.34%	11.22%	10.80%
Short-Term Debt to Total Capital	29.82%	11.36%	15.99%	23.66%	10.88%	10.51%	25.92%	14.22%	9.63%	9.52%	9.16%
Long-Term Debt to Total Capital	1.55%	1.97%	1.86%	1.58%	1.91%	1.85%	1.50%	1.68%	1.71%	1.70%	1.64%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	68.63%	86.67%	82.16%	74.77%	87.21%	87.64%	72.58%	84.10%	88.66%	88.78%	89.20%
Debt to EBITDA	2.73	1.01	1.52	2.46	0.92	0.87	2.36	1.28	0.82	0.79	0.67
Net Debt to EBITDA	1.62	-0.95	0.74	1.62	0.25	-0.22	0.95	0.40	-1.63	-1.79	-1.52
Long-Term Debt to EBITDA	0.14	0.15	0.16	0.15	0.14	0.13	0.13	0.14	0.12	0.12	0.10
Debt to NOPAT	3.63	1.37	2.14	3.60	1.39	1.32	3.61	1.88	1.22	1.18	0.95
Net Debt to NOPAT	2.16	-1.29	1.04	2.37	0.38	-0.34	1.45	0.58	-2.44	-2.66	-2.17
Long-Term Debt to NOPAT	0.18	0.20	0.22	0.22	0.21	0.20	0.20	0.20	0.18	0.18	0.14
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-83	-8.23	22	-35	44	-9.76	-43	16	-18	-15	26
Operating Cash Flow to CapEx	1,065.45%	0.00%	-1,905.04%	12,443.44%	1,835.52%	0.00%	25,915.38%	0.00%	4,595.77%	5,065.73%	3,850.55%
Free Cash Flow to Firm to Interest Expense	-11.34	-1.08	2.95	-4.76	6.19	-1.45	-6.85	2.43	-2.86	-2.43	4.53
Operating Cash Flow to Interest Expense	0.44	0.42	-0.86	2.06	0.48	0.31	1.06	0.93	1.04	1.21	0.61
Operating Cash Flow Less CapEx to Interest Expense	0.40	0.42	-0.90	2.04	0.45	0.73	1.06	0.94	1.02	1.19	0.59
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.03	0.03	0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	3.42	3.31	3.15	3.29	3.42	3.87	4.01	4.18	4.26	4.80	5.35
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	223	176	188	222	184	190	235	211	208	210	218
Invested Capital Turnover	0.32	0.33	0.27	0.26	0.27	0.30	0.27	0.26	0.29	0.29	0.28
Increase / (Decrease) in Invested Capital	86	12	-18	40	-39	14	48	-11	24	20	-17
Enterprise Value (EV)	217	134	186	253	210	182	226	220	166	154	187
Market Capitalization	176	156	170	216	203	188	200	209	213	207	241
Book Value per Share	$28.52	$28.31	$28.70	$30.89	$29.85	$30.93	$31.67	$32.89	$34.15	$34.40	$35.90
Tangible Book Value per Share	$26.12	$25.98	$26.43	$28.68	$27.69	$28.84	$29.63	$30.91	$32.21	$32.51	$34.07
Total Capital	223	176	188	222	184	190	235	211	208	210	218
Total Debt	70	23	33	56	24	24	65	34	24	24	24
Total Long-Term Debt	3.46	3.47	3.48	3.50	3.51	3.52	3.53	3.54	3.55	3.57	3.58
Net Debt	42	-22	16	37	6.40	-6.06	26	10	-47	-53	-54
Capital Expenditures (CapEx)	0.30	-0.01	0.34	0.12	0.18	-2.79	0.03	-0.07	0.14	0.14	0.09
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	70	23	33	56	24	24	65	34	24	24	24
Total Depreciation and Amortization (D&A)	0.41	1.03	1.24	1.27	1.24	1.26	1.27	0.02	2.25	0.99	0.97
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.60	$0.68	$0.77	$0.86	$0.85	$0.83	$0.79	$0.85	$1.10	$0.97	$1.66
Adjusted Weighted Average Basic Shares Outstanding	5.39M	5.37M	5.38M	5.37M	5.39M	5.38M	5.39M	5.39M	5.42M	5.41M	5.42M
Adjusted Diluted Earnings per Share	$0.59	$0.68	$0.77	$0.85	$0.85	$0.83	$0.78	$0.84	$1.10	$0.97	$1.65
Adjusted Weighted Average Diluted Shares Outstanding	5.39M	5.38M	5.39M	5.40M	5.39M	5.40M	5.42M	5.42M	5.42M	5.44M	5.46M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	5.39M	5.37M	5.37M	5.37M	5.39M	5.39M	5.39M	5.39M	5.42M	5.42M	5.43M
Normalized Net Operating Profit after Tax (NOPAT)	3.17	3.65	4.16	4.60	4.56	4.49	4.24	4.58	5.96	5.26	9.01
Normalized NOPAT Margin	24.58%	27.80%	32.31%	34.13%	31.45%	31.94%	30.04%	31.73%	39.67%	36.53%	45.54%
Pre Tax Income Margin	29.46%	32.92%	39.53%	41.90%	40.32%	38.35%	38.44%	39.43%	50.48%	45.38%	57.03%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.52	0.57	0.68	0.77	0.83	0.80	0.86	0.89	1.21	1.09	1.96
NOPAT to Interest Expense	0.43	0.48	0.56	0.62	0.65	0.67	0.67	0.72	0.95	0.88	1.57
EBIT Less CapEx to Interest Expense	0.48	0.57	0.64	0.75	0.80	1.22	0.85	0.90	1.18	1.07	1.95
NOPAT Less CapEx to Interest Expense	0.39	0.48	0.51	0.61	0.62	1.08	0.66	0.73	0.93	0.86	1.55
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	36.72%	41.37%	45.33%	45.50%	41.77%	39.85%	40.61%	41.61%	39.47%	38.80%	31.39%
Augmented Payout Ratio	36.72%	41.52%	48.91%	49.09%	45.07%	42.84%	40.61%	41.61%	39.47%	38.80%	31.39%

Financials Breakdown Chart

Key Financial Trends

Virginia National Bankshares (NASDAQ: VABK) showed significant earnings improvement in Q2 2026, although some of the quarter’s gains came from investment activity rather than core banking operations. Net income rose to $9.0 million from $4.2 million in the restated Q2 2025 period, while diluted EPS increased to $1.65 from $0.78. Compared with Q3 2023, the earliest comparable quarter provided, net income has nearly doubled from $4.7 million.

Core earnings also improved. Net interest income increased 7.4% year over year to $13.7 million, supported by higher loan interest income and lower interest expense. However, total revenue grew much faster—40.2% to $19.8 million—because VABK recorded $4.7 million of net realized and unrealized investment gains, compared with essentially no gains in Q2 2025.

Strong earnings and EPS growth: Q2 net income more than doubled year over year, and diluted EPS rose from $0.78 to $1.65. Retained earnings increased to $104.5 million from $87.5 million in Q2 2025.
Improving net interest income: Net interest income reached $13.7 million, up from $12.8 million a year earlier and $12.9 million in Q1 2026. This continues the longer-term recovery from $11.1 million in Q3 2023.
Lower operating expenses: Non-interest expense declined to $8.3 million from $8.7 million in Q2 2025, despite higher salaries and occupancy costs. The reduction helped expand profitability.
Stronger capital position: Total common equity rose to $194.7 million from $154.2 million a year earlier and $186.5 million in Q1 2026. The accumulated other comprehensive loss also improved to $31.0 million from $43.0 million in Q2 2025.
Limited reliance on debt funding: Short- and long-term debt totaled approximately $23.6 million at June 30, 2026, down from about $26.6 million a year earlier. Federal funds purchased remained at zero.
Credit costs remain manageable: The Q2 provision for credit losses was $231,000, or roughly 1.9% of quarterly net interest income. The allowance for loan losses was $8.1 million, broadly consistent with recent periods.
Loan growth has stalled: Net loans and leases were $1.23 billion at quarter-end, down slightly from $1.23 billion in Q2 2025 and Q1 2026. This is still well above the approximately $1.01 billion reported in Q3 2023, but recent growth has been limited.
Balance-sheet growth is modest: Total assets were $1.64 billion in Q2 2026, largely unchanged from Q2 2025. The balance sheet has expanded from $1.56 billion in Q3 2023, but growth has been gradual.
Investment gains may not be recurring: The $4.7 million investment gain accounted for nearly one-quarter of Q2 revenue and was the primary reason total revenue outpaced net interest income. Similar gains may not repeat in future quarters.
Cash-flow and deposit trends weakened: Operating cash flow fell to $3.5 million from $6.7 million in Q2 2025, while deposits declined by $17.5 million during the quarter. Financing cash flow was negative $19.5 million after deposit outflows and $2.0 million of dividend payments, leaving only a $481,000 increase in cash and equivalents.

Overall, VABK’s recent financial profile is improving, with higher recurring net interest income, stronger capital and lower expenses supporting a healthier earnings base. Investors should nevertheless distinguish the improvement in core banking income from the unusually large investment gain in Q2 and monitor whether loan growth and deposits resume.

10/06/26 06:29 AM ETAI Generated. May Contain Errors.

Virginia National Bankshares Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Virginia National Bankshares' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Virginia National Bankshares' net income appears to be on an upward trend, with a most recent value of $19.26 million in 2025, rising from $3.12 million in 2015. The previous period was $16.97 million in 2024. See Virginia National Bankshares' forecast for analyst expectations on what's next for the company.

Over the last 10 years, Virginia National Bankshares' total revenue changed from $21.18 million in 2015 to $57.60 million in 2025, a change of 172.0%.

In the past 11 quarters, Virginia National Bankshares' cash and equivalents has ranged from $6.00 million in Q2 2025 to $35.71 million in Q2 2026, and is currently $35.71 million as of their latest financial filing in Q2 2026.

Virginia National Bankshares had total debt of $23.55 million at the end of 2025, a 0.2% increase from 2024, and a 1.7% increase since 2015.

Over the last 10 years, Virginia National Bankshares' book value per share changed from 23.11 in 2015 to 34.15 in 2025, a change of 47.7%.

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Financial statements for NASDAQ:VABK last updated on 8/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Virginia National Bankshares (VABK) Financials

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Virginia National Bankshares (VABK) Financials

Annual Income Statements for Virginia National Bankshares

Quarterly Income Statements for Virginia National Bankshares

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Quarterly Cash Flow Statements for Virginia National Bankshares

Annual Balance Sheets for Virginia National Bankshares

Quarterly Balance Sheets for Virginia National Bankshares

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Quarterly Metrics And Ratios for Virginia National Bankshares

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Virginia National Bankshares Financials - Frequently Asked Questions

When does Virginia National Bankshares' fiscal year end?

How has Virginia National Bankshares' net income changed over the last 10 years?

How has Virginia National Bankshares' revenue changed over the last 10 years?

How much cash does Virginia National Bankshares have?

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How has Virginia National Bankshares' book value per share changed over the last 10 years?

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