---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-084943"
form_type: "8-K"
ticker: "VABK"
cik: "0001572334"
company_name: "Virginia National Bankshares Corp"
filed_at: "2024-07-19T23:59:59+00:00"
generated_at: "2026-05-31T19:03:27.606032+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# VABK Q2 net income $4.2M ($0.77 EPS) vs $5.7M ($1.05) year ago; loans up 19%

## Summary
- Net income $4.2M ($0.77 diluted EPS) for Q2 2024, down from $5.7M ($1.05) in Q2 2023 due to higher cost of funds and lower loan accretion.
- Six-month net income $7.8M ($1.45) vs $11.4M ($2.13) in prior year period.
- Gross loans $1.2B, up 19% YoY and 6% in H1 2024; borrowings declined 55% from Dec 2023 to June 2024.
- Net interest margin (FTE) improved to 3.04% from 2.89% in Q4 2023; efficiency ratio improved to 62.7%.
- Company again included in Russell 2000; no brokered deposits and unused borrowing facilities of ~$196.7M.

## SEC filing metadata
- accession: 0000950170-24-084943
- form_type: 8-K
- ticker: VABK
- cik: 0001572334
- company_name: Virginia National Bankshares Corp
- filed_at: 2024-07-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1572334/000095017024084943/0000950170-24-084943-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1572334/000095017024084943/vabk-20240719.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-084943
- JSON: https://secwatch.observer/filing/0000950170-24-084943.json
- Plain text: https://secwatch.observer/filing/0000950170-24-084943.txt

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