Accessibility StatementSkip Navigation CHARLOTTESVILLE, Va., Nov. 19, 2025 /PRNewswire/ -- Virginia National Bankshares Corporation (NASDAQ: VABK) (the "Company") today announced the planned retirement of Chief Financial Officer, Tara Y. Harrison, and the hiring of Cathy W. Liles to seamlessly transition into this executive level position. Ms. Liles will become Chief Financial Officer effective November 21, 2025, and Ms. Harrison will serve as Senior Advisor indefinitely until retirement and work closely w ...

Financial Performance - Net interest income for the three months ended September 30, 2025, was $13,072,000, an increase of 8.7% compared to $12,024,000 for the same period in 2024[13] - Net income for the nine months ended September 30, 2025, was $13,303,000, representing a 7.2% increase from $12,405,000 for the same period in 2024[13] - For the three months ended September 30, 2025, net income was $4,576 thousand, compared to $4,600 thousand for the same period in 2024, representing a decrease of 0.5%[15] - For the nine months ended September 30, 2025, net income increased to $13,303 thousand, up 7.2% from $12,405 thousand in 2024[15] - Total comprehensive income for the three months ended September 30, 2025, was $8,286 thousand, compared to $13,285 thousand in 2024, reflecting a decrease of 37.5%[15] - Total comprehensive income for the nine months ended September 30, 2025, was $21,981 thousand, an increase of 21.5% from $18,146 thousand in 2024[15] Assets and Liabilities - Total assets as of September 30, 2025, were $1,606,432,000, a decrease of 1.3% from $1,616,826,000 on December 31, 2024[11] - Total deposits as of September 30, 2025, were $1,384,888,000, down from $1,423,546,000 as of December 31, 2024, reflecting a decrease of 2.7%[11] - The company's common shares outstanding as of September 30, 2025, were 5,391,979, compared to 5,370,912 as of December 31, 2024[11] - The balance of accumulated other comprehensive loss decreased to $(33,184) thousand as of September 30, 2025, from $(34,303) thousand in 2024[16] - The company experienced a net increase in cash and cash equivalents of $5,992 thousand for the nine months ended September 30, 2025, compared to a decrease of $(9,225) thousand in 2024[18] Income and Expenses - The total noninterest expense for the three months ended September 30, 2025, was $8,404,000, an increase of 5.8% from $7,943,000 for the same period in 2024[13] - Noninterest income for the nine months ended September 30, 2025, was $4,421,000, a decrease of 16.9% from $5,321,000 for the same period in 2024[13] - The company's net interest income after provision for credit losses for the nine months ended September 30, 2025, was $37,987,000, up from $34,615,000 for the same period in 2024[13] - Noninterest expenses totaled $25,908,000, with salaries and employee benefits being the largest component at $11,708,000[101] Credit Losses and Provisions - The provision for credit losses for the three months ended September 30, 2025, was $332,000, compared to a recovery of $114,000 for the same period in 2024[13] - The allowance for credit losses (ACL) was $8,510 thousand as of September 30, 2025, slightly higher than $8,455 thousand on December 31, 2024[40] - The provision for loan losses for the nine months ended September 30, 2025, was a recovery of $105,000 compared to a provision of $511,000 for the same period in 2024[57] - Charge-offs for the nine months ended September 30, 2025, totaled $146,000, while recoveries amounted to $56,000[57] Securities and Investments - The company reported unrealized gains on available-for-sale securities of $10,986 thousand for the nine months ended September 30, 2025, compared to $7,267 thousand in 2024[18] - As of September 30, 2025, total securities available for sale amounted to $252.952 million, with unrealized losses of $42.033 million[28] - The fair value of mortgage-backed securities was $126.270 million as of September 30, 2025, with an amortized cost of $145.747 million[28] - The company believes that the impairments in its securities portfolio are temporary and no credit loss has been realized in its consolidated statements of income[32] Loan Portfolio - As of September 30, 2025, total loans amounted to $1,235,000 thousand, a slight decrease from $1,235,969 thousand on December 31, 2024, representing a decline of 0.1%[40] - The net loans as of September 30, 2025, were $1,226,490 thousand, compared to $1,227,514 thousand as of December 31, 2024, indicating a decrease of 0.1%[40] - The aging of the loan portfolio shows that as of September 30, 2025, total nonaccrual loans were $2,568 thousand, with $2,568 thousand in 1-4 family residential mortgages[42][44] - The company categorizes loans into various risk ratings, including "Pass," "Watch," "Special Mention," "Substandard," and "Doubtful," to assess credit quality[58][59][61][62] Stock and Compensation - Basic net income per share for the three months ended September 30, 2025, was $0.85, compared to $0.86 for the same period in 2024[73] - The 2022 Stock Incentive Plan was amended to increase the shares available for issuance by 150,000 shares at the Annual Meeting of Shareholders on July 24, 2025[74] - The total outstanding stock options as of September 30, 2025, is 225,454, with a weighted average exercise price of $33.10[79] - The company issued 21,068 restricted shares during the nine months ended September 30, 2025, with $637,000 expensed for restricted stock grants[82]

Accessibility StatementSkip Navigation CHARLOTTESVILLE, Va., Oct. 23, 2025 /PRNewswire/ -- Virginia National Bankshares Corporation (NASDAQ: VABK) (the "Company") today reported quarterly net income of $4.6 million, or $0.84 per diluted share, for the quarter ended September 30, 2025, compared to the $4.6 million, or $0.85 per diluted share, recognized for the quarter ended September 30, 2024. For the nine months ended September 30, 2025, the Company recognized net income of $13.3 million, or $2.45 per ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 001-40305 VIRGINIA NATIONAL BANKSHARES CORPORATION (Exact Name of Registrant as Specified in its Charter) Virg ...

[Earnings Announcement & Corporate Actions](index=1&type=section&id=Earnings%20Announcement%20%26%20Corporate%20Actions) [Second Quarter 2025 Earnings Summary](index=1&type=section&id=1.1%20Second%20Quarter%202025%20Earnings%20Summary) The company reported stable quarterly net income of $4.2 million and year-to-date net income growth to $8.7 million Net Income and Diluted EPS (Q2 & YTD) | Period | Net Income ($ millions) | Diluted EPS ($) | | :----- | :---------------------- | :-------------- | | Q2 2025 | 4.2 | 0.78 | | Q2 2024 | 4.2 | 0.77 | | YTD 2025 | 8.7 | 1.61 | | YTD 2024 | 7.8 | 1.45 | - The increase in net income year-over-year was primarily due to **increased net interest income** from higher average loan balances and **decreased interest expense**[3](index=3&type=chunk) [Dividend Declaration](index=1&type=section&id=1.2%20Dividend%20Declaration) The Board of Directors declared a quarterly cash dividend of $0.36 per share, payable on August 29, 2025 Quarterly Dividend Declaration | Metric | Value | | :----- | :---- | | Dividend per share | $0.36 | | Annual Yield | ~3.78% | [President and CEO's Comments](index=1&type=section&id=1.3%20President%20and%20CEO's%20Comments) The CEO highlighted steady earnings results for 2025, attributing success to a focus on operating efficiencies and asset quality - Year-to-date earnings of **$8.7 million are 12% ahead of 2024**[5](index=5&type=chunk) - Focus on **operating efficiencies and asset quality** enables exceptional service and positive returns for stakeholders[5](index=5&type=chunk) [Financial Performance Analysis](index=1&type=section&id=Financial%20Performance%20Analysis) [Key Performance Indicators (Summary)](index=1&type=section&id=2.1%20Key%20Performance%20Indicators%20(Summary)) The company demonstrated improved efficiency and net interest margin in Q2 2025 while maintaining a steady return on assets Key Performance Indicators (Q2 2025 vs. Q2 2024) | Indicator | June 30, 2025 | June 30, 2024 | Change | | :---------------------- | :------------ | :------------ | :----- | | Return on average assets | 1.05% | 1.05% | Steady | | Net interest margin (FTE) | 3.40% | 3.04% | +0.36% | | Loan-to-deposit ratio | 89.4% | 84.3% | +5.1% | | Efficiency ratio (FTE) | 61.2% | 62.7% | -1.5% | [Balance Sheet Highlights (Summary)](index=1&type=section&id=2.2%20Balance%20Sheet%20Highlights%20(Summary)) Gross loan balances grew 7.2% year-over-year to $1.2 billion, while securities were reduced to fund higher-yielding assets Balance Sheet Highlights (YoY Changes) | Metric | June 30, 2025 | June 30, 2024 | Change ($ millions) | Change (%) | | :---------------- | :------------ | :------------ | :------------------ | :--------- | | Gross loan balances | $1.2 billion | $1.158 billion | +$83.5 | +7.2% | | Deposit balances | - | - | +$15.2 | +1.1% | - Securities balances **declined $28.3 million** from June 30, 2024, as funds were repurposed to higher yielding loans[11](index=11&type=chunk) [Loans and Asset Quality](index=3&type=section&id=2.3%20Loans%20and%20Asset%20Quality) The company saw continued loan growth and strong credit performance, though nonperforming assets increased due to government-guaranteed loans [Loan Growth and Securities Strategy](index=3&type=section&id=2.3.1%20Loan%20Growth%20and%20Securities%20Strategy) - Gross loan balances **increased $83.5 million (7.2%)** compared to June 30, 2024, totaling $1.2 billion[8](index=8&type=chunk) - Securities balances **declined $28.3 million** from June 30, 2024, as funds were strategically repurposed to higher yielding loans[11](index=11&type=chunk) [Deposit Balances and Borrowings](index=3&type=section&id=2.3.2%20Deposit%20Balances%20and%20Borrowings) - Deposit balances **increased $15.2 million (1.1%)** from June 30, 2024, reflecting efforts to stabilize the cost of funds[8](index=8&type=chunk) - Deposit balances held in Insured Cash Sweep® (ICS) plans amounted to **$159.6 million** as of June 30, 2025[11](index=11&type=chunk) - Outstanding borrowings from the FHLB **increased by $41.0 million to $61.0 million** as of June 30, 2025, from year-end 2024[11](index=11&type=chunk) [Credit Performance and Nonperforming Assets](index=3&type=section&id=2.3.3%20Credit%20Performance%20and%20Nonperforming%20Assets) Nonperforming Assets (NPA) Trends | Metric | June 30, 2025 | Dec 31, 2024 | June 30, 2024 | | :-------------------------------- | :------------ | :----------- | :------------ | | Nonperforming assets ($ millions) | $7.8 | $3.0 | $4.0 | | NPA as a % of total assets | 0.48% | 0.19% | 0.25% | - Non-accrual loans totaled **$2.6 million** as of June 30, 2025, compared to $2.4 million a year prior[11](index=11&type=chunk) - Loans 90 days or more past due and still accruing interest amounted to **$5.2 million**, primarily comprised of **$5.1 million in 100% government-guaranteed loans**[11](index=11&type=chunk) [Allowance for Credit Losses (ACL)](index=3&type=section&id=2.3.4%20Allowance%20for%20Credit%20Losses%20(ACL)) Allowance for Credit Losses (ACL) Trends | Metric | June 30, 2025 | Dec 31, 2024 | June 30, 2024 | | :-------------------------------- | :------------ | :----------- | :------------ | | ACL as a percentage of total loans | 0.67% | 0.68% | 0.69% | - The ACL ratio remained **fairly steady** due to nominal changes in loss rates and the increase in government-guaranteed loans[11](index=11&type=chunk) - A net charge to the provision for credit losses of **$3 thousand** was recorded for Q2 2025[11](index=11&type=chunk) [Net Interest Income and Margin](index=3&type=section&id=2.4%20Net%20Interest%20Income%20and%20Margin) Net interest income increased 14.4% year-over-year to $12.8 million, driven by a higher net interest margin of 3.40% Net Interest Income and Margin (Q2 2025 vs. Q2 2024) | Metric | Q2 2025 ($ millions) | Q2 2024 ($ millions) | Change ($ millions) | Change (%) | | :---------------------- | :------------------- | :------------------- | :------------------ | :--------- | | Net interest income | $12.8 | $11.2 | +$1.6 | +14.4% | | Net interest margin (FTE) | 3.40% | 3.04% | +0.36% | - | | Yield on loans | 5.60% | 5.71% | -0.11% | - | | Overall cost of funds | 177 bps | 210 bps | -33 bps | - | - The decrease in interest expense on interest-bearing deposits was **51 bps**, from 274 bps to 223 bps[11](index=11&type=chunk) - The cost of borrowings **decreased 39 bps** from 5.13% to 4.74%[11](index=11&type=chunk) [Noninterest Income](index=5&type=section&id=2.5%20Noninterest%20Income) Noninterest income for Q2 2025 decreased by 22.5% compared to Q2 2024, primarily due to lower fee income Noninterest Income (Q2 2025 vs. Q2 2024) | Metric | Q2 2025 ($ thousands) | Q2 2024 ($ thousands) | Change ($ thousands) | Change (%) | | :--------------- | :-------------------- | :-------------------- | :------------------- | :--------- | | Noninterest income | $1,311 | $1,691 | -$380 | -22.5% | - The decrease was primarily a result of **lower wealth management fees**, and lower fee income from deposit accounts and debit card usage[12](index=12&type=chunk) [Noninterest Expense](index=5&type=section&id=2.6%20Noninterest%20Expense) Noninterest expense increased by 6.9% in Q2 2025 compared to Q2 2024, driven by higher taxes and operational costs Noninterest Expense (Q2 2025 vs. Q2 2024) | Metric | Q2 2025 ($ thousands) | Q2 2024 ($ thousands) | Change ($ thousands) | Change (%) | | :--------------- | :-------------------- | :-------------------- | :------------------- | :--------- | | Noninterest expense | $8,681 | $8,122 | +$559 | +6.9% | - **Increased franchise taxes** and the cost of data processing and professional and legal fees for special projects drove increases[13](index=13&type=chunk) [Efficiency Ratio](index=5&type=section&id=2.7%20Efficiency%20Ratio) The company's efficiency ratio (FTE) improved to 61.2% for Q2 2025, primarily due to increased net interest income Efficiency Ratio (FTE) Trends | Period | Efficiency Ratio (FTE) | | :----- | :--------------------- | | Q2 2025 | 61.2% | | Q2 2024 | 62.7% | | YTD 2025 | 61.8% | | YTD 2024 | 64.8% | - The improvement was primarily due to **increased net interest income (FTE)**[14](index=14&type=chunk) [Income Taxes](index=5&type=section&id=2.8%20Income%20Taxes) The effective tax rate for Q2 2025 was 21.9%, influenced by tax credits and tax-exempt income sources Effective Tax Rates | Period | Effective Tax Rate | | :----- | :----------------- | | Q2 2025 | 21.9% | | Q2 2024 | 18.3% | - Differences from the U.S. statutory rate are due to **low-income housing tax credits** and tax-exempt income[15](index=15&type=chunk) [Book Value](index=5&type=section&id=2.9%20Book%20Value) Book value per share increased to $31.67 as of June 30, 2025, driven by retained net income Book Value Per Share Trends | Metric | June 30, 2025 | June 30, 2024 | | :-------------------------- | :------------ | :------------ | | Book value per share | $31.67 | $28.70 | | Tangible book value per share | $29.63 | $26.43 | - Values increased as **net retained income increased** and the impact of intangible assets declined[16](index=16&type=chunk) [Dividends Paid (Detailed)](index=5&type=section&id=2.10%20Dividends%20Paid%20(Detailed)) Cash dividends of $1.9 million were paid during Q2 2025, with 54% of net income retained by the company Q2 2025 Dividends Paid | Metric | Value | | :-------------------- | :---- | | Cash dividends paid | $1.9 million | | Per share | $0.36 | | Net income retained | 54% | [Company Information & Disclosures](index=6&type=section&id=Company%20Information%20%26%20Disclosures) [About Virginia National Bankshares Corporation](index=6&type=section&id=3.1%20About%20Virginia%20National%20Bankshares%20Corporation) The company is the bank holding company for Virginia National Bank, offering a full range of financial services across Virginia - Headquartered in Charlottesville, Virginia, operating Virginia National Bank[21](index=21&type=chunk) - Offers a full range of banking and financial services, including fiduciary services, through multiple offices[21](index=21&type=chunk) - Common stock trades on the **Nasdaq Capital Market under "VABK"**[21](index=21&type=chunk) [Non-GAAP Financial Measures](index=6&type=section&id=3.2%20Non-GAAP%20Financial%20Measures) Management utilizes certain non-GAAP financial measures to provide supplemental information for understanding core business results - Management uses **non-GAAP measures** to supplement GAAP for evaluating performance[23](index=23&type=chunk) - Non-GAAP disclosures provide useful supplemental information for understanding **core business operating results**[23](index=23&type=chunk) - Non-GAAP measures should not be viewed as a substitute for GAAP, and **reconciliations are included**[23](index=23&type=chunk) [Forward-Looking Statements](index=6&type=section&id=3.3%20Forward-Looking%20Statements) This release contains forward-looking statements subject to various risks and uncertainties that could affect actual results - Statements may contain forward-looking information subject to **various risks and uncertainties**[25](index=25&type=chunk) - Factors affecting actual results include **inflation, interest rates, market fluctuations, and economic conditions**[25](index=25&type=chunk) - The Company **does not undertake to update** any forward-looking statements[25](index=25&type=chunk) [Consolidated Financial Statements](index=7&type=section&id=Consolidated%20Financial%20Statements) [Consolidated Balance Sheets](index=7&type=section&id=4.1%20Consolidated%20Balance%20Sheets) The balance sheets detail the company's assets, liabilities, and equity, with total assets reaching $1.63 billion at June 30, 2025 Consolidated Balance Sheets (Selected Data) | Metric ($ thousands) | June 30, 2025 | Dec 31, 2024 | June 30, 2024 | | :-------------------------- | :------------ | :----------- | :------------ | | Total assets | $1,632,695 | $1,616,826 | $1,573,820 | | Total deposits | $1,389,065 | $1,423,546 | $1,373,841 | | Total liabilities | $1,461,923 | $1,456,524 | $1,419,656 | | Total shareholders' equity | $170,772 | $160,302 | $154,164 | [Consolidated Statements of Income](index=8&type=section&id=4.2%20Consolidated%20Statements%20of%20Income) The income statements present financial performance for Q2 and YTD 2025, showing net income of $4.2 million and $8.7 million respectively Consolidated Statements of Income (Selected Data) | Metric ($ thousands) | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :-------------------------- | :------ | :------ | :------- | :------- | | Total interest and dividend income | $19,136 | $18,663 | $38,142 | $37,223 | | Total interest expense | $6,340 | $7,482 | $13,052 | $15,106 | | Net interest income | $12,796 | $11,181 | $25,090 | $22,117 | | Total noninterest income | $1,311 | $1,691 | $3,071 | $3,869 | | Total noninterest expense | $8,681 | $8,122 | $17,505 | $16,941 | | Net income | $4,238 | $4,159 | $8,727 | $7,805 | [Financial Highlights](index=9&type=section&id=4.3%20Financial%20Highlights) This section provides a comprehensive overview of key financial metrics and ratios across multiple quarterly periods Financial Highlights (Selected Data) | Metric | June 30, 2025 | March 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | June 30, 2024 | | :-------------------------------- | :------------ | :------------- | :----------- | :----------- | :------------ | | Net income ($ thousands) | $4,238 | $4,489 | $4,561 | $4,600 | $4,159 | | Diluted EPS | $0.78 | $0.83 | $0.85 | $0.85 | $0.77 | | Return on average assets | 1.05% | 1.12% | 1.12% | 1.15% | 1.05% | | Net interest margin (FTE) | 3.40% | 3.28% | 3.21% | 3.24% | 3.04% | | Efficiency ratio (FTE) | 61.2% | 62.4% | 60.2% | 58.6% | 62.7% | | Loan-to-deposit ratio | 89.4% | 86.6% | 86.8% | 88.1% | 84.3% | | Total nonperforming assets ($ thousands) | $7,792 | $5,038 | $3,021 | $5,327 | $3,961 | | NPA as a % of total assets | 0.48% | 0.31% | 0.19% | 0.33% | 0.25% | [Interest Rate and Yield Analysis](index=10&type=section&id=Interest%20Rate%20and%20Yield%20Analysis) [Average Balances, Income, Expenses, Yields and Rates (Three Months)](index=10&type=section&id=5.1%20Average%20Balances%2C%20Income%2C%20Expenses%2C%20Yields%20and%20Rates%20(Three%20Months)) This table details average balances and yields for Q2 2025 and 2024, highlighting a net interest margin (FTE) of 3.40% for Q2 2025 Average Balances, Income, Expenses, Yields and Rates (Q2) | Metric | June 30, 2025 | June 30, 2024 | | :-------------------------------- | :------------ | :------------ | | Total Earning Assets (Avg Balance) | $1,521,345 | $1,491,821 | | Total Interest-Bearing Liabilities (Avg Balance) | $1,073,611 | $1,063,413 | | Net Interest Income (FTE) ($ thousands) | $12,881 | $11,268 | | Interest Rate Spread | 2.70% | 2.23% | | Cost of Funds | 1.77% | 2.10% | | Net Interest Margin (FTE) | 3.40% | 3.04% | [Average Balances, Income, Expenses, Yields and Rates (Six Months)](index=11&type=section&id=5.2%20Average%20Balances%2C%20Income%2C%20Expenses%2C%20Yields%20and%20Rates%20(Six%20Months)) This table presents average balances and yields for the six months ended June 30, showing a YTD net interest margin (FTE) of 3.34% Average Balances, Income, Expenses, Yields and Rates (YTD) | Metric | June 30, 2025 | June 30, 2024 | | :-------------------------------- | :------------ | :------------ | | Total Earning Assets (Avg Balance) | $1,525,514 | $1,502,882 | | Total Interest-Bearing Liabilities (Avg Balance) | $1,082,927 | $1,072,704 | | Net Interest Income (FTE) ($ thousands) | $25,262 | $22,291 | | Interest Rate Spread | 2.63% | 2.17% | | Cost of Funds | 1.82% | 2.11% | | Net Interest Margin (FTE) | 3.34% | 2.98% | [Reconciliation of Non-GAAP Financial Measures](index=12&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures) [Reconciliation of Certain Quarterly Non-GAAP Financial Measures](index=12&type=section&id=6.1%20Reconciliation%20of%20Certain%20Quarterly%20Non-GAAP%20Financial%20Measures) This section provides detailed reconciliations of key non-GAAP financial measures to their most comparable GAAP measures Reconciliation of Non-GAAP Financial Measures (Selected Data) | Metric | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | | :-------------------------- | :------ | :------ | :------ | :------ | :------ | | Net interest income (GAAP) ($ thousands) | $12,796 | $12,295 | $12,235 | $12,024 | $11,181 | | Net interest income (FTE) ($ thousands) | $12,881 | $12,381 | $12,321 | $12,111 | $11,268 | | Efficiency ratio (GAAP) | 61.5% | 62.8% | 60.6% | 58.9% | 63.1% | | Efficiency ratio (FTE) | 61.2% | 62.4% | 60.2% | 58.6% | 62.7% | | Net interest margin (GAAP) | 3.37% | 3.26% | 3.19% | 3.22% | 3.01% | | Net interest margin (FTE) | 3.40% | 3.28% | 3.21% | 3.24% | 3.04% | | Book value per share | $31.67 | $30.93 | $29.85 | $30.89 | $28.70 | | Tangible book value per share | $29.63 | $28.84 | $27.70 | $28.68 | $26.43 | - FTE calculations use a **Federal income tax rate of 21%**[42](index=42&type=chunk) - Intangible assets include **goodwill and core deposit intangible assets**, net of accumulated amortization[43](index=43&type=chunk)

CHARLOTTESVILLE, Va., July 24, 2025 /PRNewswire/ -- Virginia National Bankshares Corporation (NASDAQ: VABK) (the "Company") today reported quarterly net income of $4.2 million, or $0.78 per diluted share, for the quarter ended June 30, 2025, compared to $4.2 million, or $0.77 per diluted share, recognized for the quarter ended June 30, 2024.  For the six months ended June 30, 2025, the Company recognized net income of $8.7 million, or $1.61 per diluted share, compared to $7.8 million, or $1.45 per diluted s ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 001-40305 VIRGINIA NATIONAL BANKSHARES CORPORATION (Exact Name of Registrant as Specified in its Charter) Vir ...

Exhibit 99.1 FOR IMMEDIATE RELEASE INVESTOR RELATIONS CONTACT: Tara Y. Harrison (434) 817-8587 VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES 2025 FIRST QUARTER EARNINGS AND INCREASE IN QUARTERLY DIVIDEND Charlottesville, VA – April 24, 2025 - Virginia National Bankshares Corporation (NASDAQ: VABK) (the "Company") today reported quarterly net income of $4.5 million, or $0.83 per diluted share, for the quarter ended March 31, 2025, compared to $3.6 million, or $0.68 per diluted share, recognized for the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-40305 VIRGINIA NATIONAL BANKSHARES CORPORATION (Exact name of Registrant as specified in its Charter) | Virginia | 46-2331578 | | --- ...

CHARLOTTESVILLE, Va., Oct. 17, 2024 /PRNewswire/ -- Virginia National Bankshares Corporation (NASDAQ: VABK) (the "Company") today reported quarterly net income of $4.6 million, or $0.85 per diluted share, for the quarter ended September 30, 2024, compared to $4.7 million, or $0.86 per diluted share, recognized for the quarter ended September 30, 2023. For the nine months ended September 30, 2024, the Company recognized net income of $12.4 million, or $2.30 per diluted share, compared to $16.1 million, or $2 ...