secwatch.observer — SEC 8-K summary
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Issuer:     Virginia National Bankshares Corp (VABK)
CIK:        0001572334
Form:       8-K
Filed at:   2025-01-23T23:59:59+00:00
Accession:  0000950170-25-008374
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Virginia National Bankshares Q4 net income $4.6M ($0.85 EPS) vs $3.2M ($0.59) YoY; loans up 13%
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- Q4 2024 net income $4.6M, diluted EPS $0.85, up from $3.2M ($0.59) in Q4 2023.
- Full-year 2024 net income $17.0M ($3.15 diluted EPS), down from $19.3M ($3.58) in 2023.
- Gross loans reached $1.2B (+13.1% YoY); FHLB borrowings reduced $46.5M.
- Net interest margin (FTE) improved to 3.21% from 2.89%; efficiency ratio 60.2% vs 64.0%.
- ROAA increased to 1.12% and ROAE to 10.98% in Q4 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1572334/000095017025008374/0000950170-25-008374-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1572334/000095017025008374/vabk-20250123.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-008374

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer