Virginia National Bankshares FY26 Q2 net income more than doubles to $9 million; EPS rises to $1.65
VABK•Dividend declared
The board declared a quarterly cash dividend of $0.36 per share, payable Aug. 28 to holders of record Aug. 14.
Quarterly results improve sharply
Virginia National Bankshares posted Q2 net income of $9 million, more than doubled from a year earlier; diluted EPS rose to $1.65.
Return on average assets improved to 2.24% from 1.05%, reflecting stronger profitability versus the prior-year quarter.
Margins and income benefited from lower funding costs and a transaction gain
Net interest margin (FTE) widened 0.25 percentage points to 3.65% as overall cost of funds fell 0.13 percentage points to 1.64%.
Noninterest income climbed to $6.03 million from $1.31 million on a $4.7 million gain from the Bearing Insurance Group transaction.
