Revenue: As of FY2026 Q2, the actual value is USD 25.53 M.

EPS: As of FY2026 Q2, the actual value is USD 1.65.

EBIT: As of FY2026 Q2, the actual value is USD 11.28 M.

Net Income

Virginia National Bankshares Corporation reported a quarterly net income of $9.0 million for the quarter ended June 30, 2026, a significant increase from $4.2 million for the same period in 2025. For the six months ended June 30, 2026, net income was $14.268 million, compared to $8.727 million for the six months ended June 30, 2025.

Operational Metrics

• Return on Average Assets: Improved to 2.24% for Q2 2026 from 1.05% for Q2 2025.
• Return on Average Equity: Improved to 18.81% for Q2 2026 from 10.05% for Q2 2025.
• Net Interest Margin (FTE): Increased to 3.65% for Q2 2026 from 3.40% for Q2 2025. For the six months ended June 30, 2026, it was 3.52%, up from 3.34% in the prior year.
• Efficiency Ratio (FTE): Improved to 41.6% for Q2 2026 from 61.2% for Q2 2025.
• Noninterest Expense: Decreased by -$412 thousand, or -4.7%, to $8.269 million for Q2 2026 compared to $8.681 million for Q2 2025. For the six months ended June 30, 2026, noninterest expense was $16.468 million, a decrease of -$1.0 million compared to the same period in 2025.
• Net Interest Income: For Q2 2026, net interest income was $13.748 million, an increase of $952 thousand or 7.4% compared to $12.796 million for Q2 2025. Year-to-date, net interest income was $26.655 million at June 30, 2026, compared to $25.090 million at June 30, 2025.

Asset Quality

• Nonperforming Assets (NPA): Totaled $5.8 million as of June 30, 2026, decreasing from $9.2 million as of December 31, 2025, and $7.8 million as of June 30, 2025.
• NPA as a % of Total Assets: Improved to 0.35% as of June 30, 2026, from 0.48% as of June 30, 2025.
• Allowance for Credit Losses on Loans (ACL) as a % of Total Loans: Stood at 0.66% as of June 30, 2026, compared to 0.67% as of June 30, 2025.
• Provision for Credit Losses: A provision for credit losses of $231 thousand on loans and a $94 thousand reserve for unfunded commitments were recorded for Q2 2026. For the six months ended June 30, 2026, the Company recognized a $105 thousand recovery of credit losses on loans and a $39 thousand provision for unfunded commitments.

Balance Sheet Highlights

• Gross Loans Outstanding: Totaled $1.2 billion as of June 30, 2026, representing a decrease of -$7.7 million or -0.6% compared to June 30, 2025.
• Deposits: Totaled $1.4 billion as of June 30, 2026, an increase of $20.1 million from June 30, 2025.
• Outstanding Borrowings from FHLB: Were $20.0 million as of June 30, 2026, down from $61.0 million as of June 30, 2025.
• Book Value Per Share: Increased to $35.89 as of June 30, 2026, from $31.67 as of June 30, 2025.
• Tangible Book Value Per Share: Increased to $34.05 as of June 30, 2026, from $29.63 as of June 30, 2025.

Unique Metrics

• Dividend Declaration: Virginia National Bankshares Corporation declared a cash dividend of $0.36 per share on its outstanding common stock.
• Loan-to-Deposit Ratio: Decreased slightly to 87.6% from 89.4% year-over-year.
• Overall Cost of Funds: Decreased by 13 basis points to 1.64% for Q2 2026 from 1.77% in Q2 2025. Year-to-date, the cost of funds decreased 16 basis points from 1.82% to 1.66%.
• Yield on Loans: Was 5.74% for Q2 2026, compared to 5.60% for Q2 2025.
• Noninterest Income: Increased $4.7 million or 360.1% for Q2 2026 compared to Q2 2025, primarily due to a $4.7 million gain on the Bearing transaction.

Outlook / Guidance

Virginia National Bankshares Corporation’s President and CEO stated that the second quarter results reflect strong core performance, benefiting from the Bearing transaction, and demonstrate consistent performance in a dynamic environment. The company remains disciplined in its approach, focusing on optimizing the balance sheet to maximize profitability. Furthermore, the company aims to maintain strong asset quality, liquidity, and capital to finance creditworthy projects.