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.
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