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Virginia National Bankshares (VABK) investor relations material
Virginia National Bankshares Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net income for Q2 2026 was $9.0 million ($1.65 per diluted share), up from $4.2 million ($0.78 per share) in Q2 2025, driven by lower funding costs, reduced noninterest expense, and a $4.7 million gain from the sale of a limited partnership interest in Bearing Insurance Group.
Quarterly cash dividend of $0.36 per share declared, annualized yield of 3.20%.
Financial highlights
Return on average assets improved to 2.24% from 1.05% year-over-year; return on average equity rose to 18.81% from 10.05%.
Net interest margin (FTE) increased to 3.65% from 3.40% year-over-year.
Efficiency ratio (FTE) improved to 41.6% from 61.2%.
Net interest income for Q2 2026 was $13.7 million, up 7.4% year-over-year.
Noninterest income rose by $4.7 million (360.1%) due to the Bearing transaction.
Noninterest expense decreased by $412 thousand (4.7%) year-over-year.
Outlook and guidance
Management emphasized continued focus on balance sheet optimization, profitability, and maintaining strong asset quality, liquidity, and capital to support community lending.
- Net income up 17.2% year-over-year, with strong capital, margins, and a $0.36 dividend declared.VABK
Q1 202612 May 2026 - Annual meeting to vote on directors, executive pay, and auditor, with strong governance focus.VABK
Proxy filing30 Apr 2026 - Key votes include board elections, executive pay, and auditor ratification for 2026.VABK
Proxy filing30 Apr 2026 - Earnings and efficiency improved, with strong asset quality and higher book value per share.VABK
Q4 202529 Jan 2026 - 2025 meeting covers director elections, executive pay, stock plan, and auditor ratification.VABK
Proxy Filing2 Dec 2025 - Q3 2025 net income steady at $4.6M; margins, efficiency, and asset quality remain strong.VABK
Q3 202512 Nov 2025 - Earnings fell on higher funding costs, but loan growth and capital strength remained solid.VABK
Q2 202413 Oct 2025 - Q2 2025 delivered steady earnings, higher loan balances, and improved efficiency despite lower fee income.VABK
Q2 202512 Aug 2025 - Q3 net income steady at $4.6M, with strong loan growth and improved efficiency.VABK
Q3 202413 Jun 2025
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