---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-001493"
form_type: "8-K"
ticker: "VABK"
cik: "0001572334"
company_name: "Virginia National Bankshares Corp"
filed_at: "2022-02-18T23:59:59+00:00"
generated_at: "2026-06-27T06:36:18.434852+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Virginia National Bankshares posts record 2021 net income of $10.0M, up 25% YoY

## Summary
- Net income $10.0M for FY2021, up 25% from $8.0M in FY2020; Q4 net income $5.2M, double prior year.
- Diluted EPS $2.13 for 2021 (down from $2.95) due to increased share count from Fauquier merger.
- Adjusted net income (excl. merger expenses) $15.6M, or $3.31 per diluted share.
- Headcount reduced from 215 (Apr 1, 2021) to 173 (Dec 31, 2021) reflecting merger cost savings.
- ROAE for Q4 2021 was 12.86%, up from 12.75% in Q4 2020.

## SEC filing metadata
- accession: 0000950170-22-001493
- form_type: 8-K
- ticker: VABK
- cik: 0001572334
- company_name: Virginia National Bankshares Corp
- filed_at: 2022-02-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1572334/000095017022001493/0000950170-22-001493-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1572334/000095017022001493/vabk-20220218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-001493
- JSON: https://secwatch.observer/filing/0000950170-22-001493.json
- Plain text: https://secwatch.observer/filing/0000950170-22-001493.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.