---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-115171"
form_type: "8-K"
ticker: "VABK"
cik: "0001572334"
company_name: "Virginia National Bankshares Corp"
filed_at: "2024-10-17T23:59:59+00:00"
generated_at: "2026-05-30T13:18:44.271427+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# VABK Q3 net income $4.6M ($0.85 EPS), loan growth 19% YoY, NIM improves to 3.24%

## Summary
- Q3 net income $4.6M, $0.85 diluted EPS vs $0.86 in Q3 2023; YTD net income $12.4M ($2.30) vs $16.1M ($2.99).
- Gross loans $1.2B, up 11.2% from Dec 2023 and 19.1% YoY; securities down $141.9M from Dec 2023 deployed to loans.
- Net interest margin (FTE) improved to 3.24% from 3.04% linked quarter; efficiency ratio improved to 58.6% from 62.7%.
- ROA 1.15% (up from 1.05% Q2); ROE 11.44% (up from 11.07% Q2); no brokered deposits.
- CEO cites cost reduction paying off, loan growth momentum, and solid capital liquidity; credit quality strong.

## SEC filing metadata
- accession: 0000950170-24-115171
- form_type: 8-K
- ticker: VABK
- cik: 0001572334
- company_name: Virginia National Bankshares Corp
- filed_at: 2024-10-17T23:59:59+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/1572334/000095017024115171/0000950170-24-115171-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1572334/000095017024115171/vabk-20241017.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-115171
- JSON: https://secwatch.observer/filing/0000950170-24-115171.json
- Plain text: https://secwatch.observer/filing/0000950170-24-115171.txt

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