VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES 2026 FIRST QUARTER EARNINGS AND QUARTERLY DIVIDEND
Virginia National Bankshares reported Q1 2026 net income of $5.3 million, or $0.97 per diluted share, representing a 17.2% increase from the prior year. The growth was driven by a 19 basis point reduction in cost of funds and a 7.1% decrease in noninterest expense, which boosted the efficiency ratio to 56.6%. The Board declared a quarterly dividend of $0.36 per share, implying an annualized yield of roughly 3.50%.
Key figures
- Eps
- 0.97
- Revenue Yoy
- 5.0%
- Net income
- 5300000
- Dividend per share
- 0.36
- Efficiency ratio percent
- 56.6
- Net interest margin percent
- 3.4
- Tangible book value per share
- 32.51
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