---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-006555"
form_type: "8-K"
ticker: "VABK"
cik: "0001572334"
company_name: "Virginia National Bankshares Corp"
filed_at: "2022-04-28T23:59:59+00:00"
generated_at: "2026-06-26T03:24:42.213315+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# VABK Q1 net income $4.9M (227% YoY); diluted EPS $0.92

## Summary
- Net income $4.9M vs $1.5M YoY (227% increase); diluted EPS $0.92 vs $0.55.
- ROAA improved to 1.03% from 0.68%; ROAE improved to 12.53% from 7.40%.
- Efficiency ratio (FTE) improved to 62.0% from 67.7%.
- Gross loans $1.0B, +62% YoY from Fauquier merger; headcount cut to 163 from 215.
- No merger expenses in Q1 2022 vs $278k in Q1 2021; further cost savings expected.

## SEC filing metadata
- accession: 0000950170-22-006555
- form_type: 8-K
- ticker: VABK
- cik: 0001572334
- company_name: Virginia National Bankshares Corp
- filed_at: 2022-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1572334/000095017022006555/0000950170-22-006555-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1572334/000095017022006555/vabk-20220428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-006555
- JSON: https://secwatch.observer/filing/0000950170-22-006555.json
- Plain text: https://secwatch.observer/filing/0000950170-22-006555.txt

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