The strong margin expansion and credit quality improvement suggest the bank is benefiting from disciplined balance sheet management in a stable rate environment. Monitor the trajectory of loan yields and deposit costs in upcoming quarters, as well as the sustainability of noninterest income excluding the one-time BOLI payout.
Price Chart
Executive Summary
Virginia National Bankshares reported Q3 2026 net income of $6.6M ($1.20 diluted), up from $4.6M ($0.84) a year ago, driven by a 26bp increase in loan yields, lower funding costs, and a $421K bank-owned life insurance 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 the earnings rating is null.
Key Financial Metrics
Key Facts
- Net income $6.6M vs $4.6M YoY, up 43.3%
- Diluted EPS $1.20 vs $0.84 YoY, up 42.9%
- Net interest margin (FTE) 3.73% vs 3.43% YoY, +30bp
- Efficiency ratio (FTE) improved to 50.7% from 57.9%
- Nonperforming assets fell to 0.36% of total assets from 0.42%
- Book value per share $35.01 vs $32.89 YoY
- Tangible book value per share $33.21 vs $30.90 YoY
- Net interest income $14.5M vs $13.1M YoY, +11.2%
- Provision for credit losses was a net recovery of $114K vs a charge of $332K YoY
- Quarterly dividend $0.36 per share declared and paid
Financial Impact
Net income increased $2.0M (43.3%) YoY; net interest margin expanded 30bp; efficiency ratio improved 720bp.
Risk Factors
- Noninterest income included a $421K one-time bank-owned life insurance payout that may not recur
- Deposits declined $32.2M from year-end 2025, though up $14.6M YoY
- Securities portfolio continues to run off, reducing earning asset base
- Accumulated other comprehensive loss of $40.6M remains elevated due to unrealized securities losses
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302923923 |
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
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