Virginia National Bankshares Q2 net income rises to $9.0 million, $1.65 per share
Virginia National Bankshares reported second-quarter 2026 net income of $9.0 million, or $1.65 per diluted share, up from $4.2 million, or $0.78 per diluted share, a year earlier. The filing attributes the increase mainly to a lower cost of funds, reduced noninterest expense and a $4.7 million gain on the sale of a limited partnership interest in Bearing Insurance Group, LLC. The board also declared a $0.36 per share quarterly dividend, payable August 28, 2026 to holders of record on August 14, 2026.
Key points
- Q2 2026 net income was $9.0 million, or $1.65 per diluted share, versus $4.2 million, or $0.78, in Q2 2025.
- Noninterest income included a $4.7 million gain on the Bearing Insurance Group, LLC transaction.
- Net interest margin (FTE) was 3.65% versus 3.40%, and the efficiency ratio (FTE) was 41.6% versus 61.2%.
- Quarterly cash dividend of $0.36 per share is payable August 28, 2026 to holders of record on August 14, 2026.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.