Virginia National Bankshares Corporation (VABK)

VABK Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	69.12	66.53	56.05	44.23	43.9	24.95
Interest Income on Investments	7.79	9.39	13.94	12.5	4.37	2.29
Total Interest Income	76.91	75.93	69.99	56.73	48.27	27.23
Interest Paid on Deposits	24.07	27.49	18.64	2.98	3.42	3.28
Interest Paid on Borrowings	2.45	2.07	2.39	0.2	-0.13	0.07
Total Interest Expense	26.52	29.55	21.02	3.18	3.28	3.35
Net Interest Income	50.4	46.38	48.97	53.55	44.99	23.88
Net Interest Income Growth (YoY)	12.26%	-5.29%	-8.55%	19.02%	88.40%	8.92%
Trust Income	0.91	1.15	1.98	2.44	3.51	1.13
Gain (Loss) on Sale of Assets	0.28	0.04	0.11	1.21	0.08	-
Gain (Loss) on Sale of Investments	-	-0	-0.21	-	-	0.74
Other Non-Interest Income	3.74	4.14	5.17	5.58	5.42	4.04
Total Non-Interest Income	6.16	6.69	8.64	11.02	10.47	6.57
Non-Interest Income Growth (YoY)	-6.86%	-22.64%	-21.58%	5.29%	59.41%	26.49%
Revenues Before Loan Losses	56.56	53.06	57.61	64.57	55.45	30.44
Provision for Loan Losses	0.05	-0.6	0.73	0.11	1.01	1.62
Revenue	56.51	53.66	56.88	64.46	54.44	28.82
Revenue Growth (YoY)	10.39%	-5.65%	-11.77%	18.41%	88.88%	11.98%
Salaries and Employee Benefits	14.9	14.97	15.17	16.57	15.61	9.2
Occupancy Expenses	1.97	1.95	1.95	2.17	1.85	0.94
Federal Deposit Insurance	0.75	0.7	0.71	0.51	0.86	0.19
Amortization of Goodwill & Intangibles	1.16	1.3	1.49	1.68	1.39	-
Selling, General & Administrative	9.03	8.59	8.91	10.78	10.04	4.7
Other Non-Interest Expense	6.89	6.16	5.83	6.6	5.35	2.77
Total Non-Interest Expense	34.69	33.67	34.06	38.31	35.1	17.79
EBT Excluding Unusual Items	21.82	20	22.81	26.15	19.34	11.03
Legal Settlements	-	-	-	2.4	-	-
Other Unusual Items	0.53	0.9	0.46	-	-	-
Pretax Income	22.35	20.9	23.27	28.55	11.92	10.04
Income Tax Expense	4.48	3.93	4.01	5.11	1.85	2.07
Net Income	17.86	16.97	19.26	23.44	10.07	7.98
Net Income to Common	17.86	16.97	19.26	23.44	10.07	7.98
Net Income Growth	14.71%	-11.92%	-17.81%	132.73%	26.24%	19.27%
Basic Shares Outstanding	5	5	5	5	5	3
Diluted Shares Outstanding	5	5	5	5	5	3
Shares Change (YoY)	0.66%	0.35%	0.41%	13.97%	73.35%	0.69%
EPS (Basic)	3.32	3.16	3.60	4.40	2.16	2.95
EPS (Diluted)	3.30	3.15	3.58	4.38	2.14	2.95
EPS Growth	14.21%	-12.01%	-18.27%	104.67%	-27.37%	18.34%
Dividend Per Share	1.380	1.320	1.320	1.200	1.200	1.200
Dividend Growth	4.54%	-	10.00%	-	-	2.44%
Effective Tax Rate	20.06%	18.82%	17.23%	17.89%	15.49%	20.56%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q