Virginia National Bankshares posts Q3 net income of $4.6 million

Reuters
2025/10/24
Virginia <a href="https://laohu8.com/S/NKSH">National Bankshares</a> posts Q3 net income of $4.6 million

Virginia National Bankshares Corporation reported net income of $4.6 million for the third quarter ended September 30, 2025, matching the $4.6 million reported in the same period of 2024. For the first nine months of 2025, net income was $13.3 million compared to $12.4 million for the same period in 2024. The yield on loans for the third quarter of 2025 was 5.64%, down from 5.85% in the prior year period. The overall cost of funds, including noninterest-bearing deposits, decreased to 1.77% from 2.07%. The cost of interest-bearing deposits declined to 2.26% from 2.71%, while the cost of borrowings from the FHLB decreased to 4.77% from 4.86%. Noninterest income for the quarter decreased by $101 thousand, or 7.0%, compared to the third quarter of 2024. Book value per share was $32.89 as of September 30, 2025, up from $30.89 a year earlier. Tangible book value per share rose to $30.90 from $28.68. A quarterly cash dividend of $0.36 per share was declared, payable on November 28, 2025, to shareholders of record as of November 14, 2025. The dividend represents an annual yield of approximately 3.63% based on the closing price on October 22, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Virginia National Bankshares Corp. published the original content used to generate this news brief on October 23, 2025, and is solely responsible for the information contained therein.

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