The strong NIM expansion and efficiency improvement suggest the bank is benefiting from disciplined balance sheet management and lower funding costs. Monitor the sustainability of loan yield expansion and deposit cost trends in coming quarters, as well as the trajectory of noninterest income (which benefited from a one-time BOLI payout).
Price Chart
Executive Summary
Virginia National Bankshares reported Q3 2026 net income of $6.6M ($1.20/diluted share), up 43% from $4.6M ($0.84) a year ago, driven by a 26bp increase in loan yields, a 9bp reduction in cost of funds, and a BOLI payout. Net interest margin (FTE) expanded 30bp to 3.73%, and the efficiency ratio improved to 50.7% from 57.9%. No consensus estimates were provided, so no beat/miss rating is assigned.
Key Financial Metrics
Key Facts
- Q3 2026 net income $6.6M vs $4.6M in Q3 2025, up 43.3%
- Diluted EPS $1.20 vs $0.84 year ago
- Net interest margin (FTE) expanded to 3.73% from 3.43%
- Efficiency ratio (FTE) improved to 50.7% from 57.9%
- Net interest income $14.5M, up 11.2% YoY
- Return on average assets improved to 1.58% from 1.12%
- Return on average equity improved to 13.34% from 10.48%
- Nonperforming assets stable at 0.36% of total assets
- Book value per share $35.01 vs $32.89 a year ago
- Tangible book value per share $33.21 vs $30.90 a year ago
Financial Impact
Net income increased $2.0M (43.3%) YoY; net interest income up $1.5M (11.2%); NIM expanded 30bp
Risk Factors
- Noninterest income included a $421k BOLI payout that may not recur
- Securities portfolio declined $34.3M from year-end due to runoff, pressuring future interest income
- Deposits decreased $32.2M from year-end, though management cites normal seasonality
- Accumulated other comprehensive loss widened to $(40.6M) from $(30.7M) at year-end, reflecting higher unrealized losses on AFS securities
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-437868 |
| Document: vabk-20261029.htm | 0001193125-26-437868 |
| Document: 0001193125-26-437868-index-headers.html | 0001193125-26-437868 |
| Document: 0001193125-26-437868-index.html | 0001193125-26-437868 |
| Document: 0001193125-26-437868.txt | 0001193125-26-437868 |
| 8-K Data (Synthetic) | 0001193125-26-437868 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | No price | awaiting T+60 | awaiting T+60 | No price |
Oct 29, 2026 3d ago | Press Release | $49.59 | awaiting T+60 | awaiting T+60 | $51.51 (+3.87%) |
Oct 8, 2026 24d ago | 8-K | $49.13 | awaiting T+60 | awaiting T+60 | $51.51 (+4.84%) |
Jul 23, 2026 14w ago | Press Release | $44.87 $49.37 | ▲ +10.03% | ▲ +6.74% | $51.51 (+14.80%) |
May 15, 2026 24w ago | 8-K | $41.45 $47.06 | ▲ +13.53% | ▲ +9.02% | $51.51 (+24.27%) |
Apr 30, 2026 26w ago | DEFA14A | $42.20 $45.94 | ▲ +8.86% | ▲ +5.75% | $51.51 (+22.06%) |
Apr 23, 2026 27w ago | 8-K | $41.43 $45.87 | ▲ +10.72% | ▲ +5.70% | $51.51 (+24.33%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers