secwatch.observer — SEC 8-K summary
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Issuer:     Virginia National Bankshares Corp (VABK)
CIK:        0001572334
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0000950170-25-058109
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Virginia National Bankshares reports Q1 net income of $4.5M, up 23% YoY; dividend raised 9.1%
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- Net income $4.5M ($0.83 diluted EPS) vs $3.6M ($0.68) in Q1 2024, a 23% increase.
- Quarterly dividend raised to $0.36/share from $0.33, payable May 30 to holders of record May 15.
- Net interest margin (FTE) improved to 3.28% from 2.93% YoY; efficiency ratio improved to 62.4% from 66.8%.
- Gross loans reached $1.2B, up $114.3M (10.1%) YoY and $6.5M from year-end.
- ROAA increased to 1.12% (from 0.91%) and ROAE to 11.05% (from 9.57%) YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1572334/000095017025058109/0000950170-25-058109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1572334/000095017025058109/vabk-20250424.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-058109

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