{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-007711","form_type":"8-K","ticker":"VABK","cik":"0001572334","company_name":"Virginia National Bankshares Corp","filed_at":"2024-01-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.660455+00:00","generated_at":"2026-06-06T16:34:01.893632+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"VABK Q4 net income $3.2M ($0.59 EPS) down 55% YoY; full-year EPS $3.58 from $4.38","bullets":["Q4 net income $3.2M ($0.59 dil EPS), down from $7.1M ($1.32) in Q4 2022; full-year net income $19.3M ($3.58 dil) vs $23.4M ($4.38).","Net interest margin (FTE) declined to 2.89% in Q4 from 3.91% a year ago; full-year NIM increased to 3.37% from 3.21%.","Gross loans grew 16.7% YoY to $1.1B; nonperforming assets 0.17% of total assets (vs 0.08% prior year).","Noninterest expense decreased 10.5% in Q4 and 11.7% full year; deposits down 4.7% YoY but up 2.8% sequentially.","Book value per share rose to $28.52 from $25.00; tangible book value per share $26.12 vs $22.31."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-007711","json":"https://secwatch.observer/filing/0000950170-24-007711.json","markdown":"https://secwatch.observer/filing/0000950170-24-007711.md","text":"https://secwatch.observer/filing/0000950170-24-007711.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1572334/000095017024007711/0000950170-24-007711-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1572334/000095017024007711/vabk-20240126.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T16:34:01.893632+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9343aa9edbc1ce4534dccd62caa638b0d97d17f1","claim":"Virginia National Bankshares Corp reported quarter ended December 31, 2023 results: net income 3.2 million, EPS 0.59 per diluted share.","evidence_excerpt":"Virginia National Bankshares Corporation (NASDAQ: VABK) (the “Company”) today reported quarterly net income of $3.2 million, or $0.59 per diluted share, for the quarter ended December 31, 2023, compared to $7.1 million, or $1.32 per diluted share, recognized for the quarter ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1572334/000095017024007711/0000950170-24-007711-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended December 31, 2023"},{"label":"Net income","value":"3.2 million"},{"label":"EPS","value":"0.59 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}