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Virginia National Bankshares Corp

Virginia National Bankshares Corp

VABK · NASDAQ · Financial Services / Banks - Regional

53.89USD-0.11 (-0.20%)

Price History

Full chart

Market Stats

Previous Close54.00
Open54.04
Day Range53.86 – 54.15
52-Week Range36.06 – 49.65
Volume17.72K
Market Cap265.35M
P/E (TTM)10.73
Forward P/E0.00
EPS4.56
Dividend Yield2.98%
Beta0.46
50-Day Avg46.81
200-Day Avg42.82

About

Virginia National Bankshares Corporation operates as the holding company for Virginia National Bank that provides a range of commercial and retail banking products and services in Virginia. It operates through two segments: Bank and VNB Trust and Estate Services. The company provides checking accounts, demand deposits, NOW accounts, money market deposit accounts, time deposits, certificates of deposit, individual retirement accounts, and other depository services. The company also offers commercial loans, real estate construction and land loans, commercial real estate loans, 1-4 family residential mortgages, and commercial mortgages, as well as consumer loans comprising student loans, revolving credit, and other fixed payment loans. In addition, it provides automated teller machines, internet banking, treasury, and cash management services; merchant and debit card services; and investment advisory and management services. Further, the company offers investment management, wealth management, corporate trustee, trust and estate administration, IRA administration, in-house investment management, and custody services. It serves individuals, businesses, and charitable organizations. The company was formerly known as Virginia National Bank and changed its name to Virginia National Bankshares Corporation in December 2013. The company was founded in 1998 and is headquartered in Charlottesville, Virginia.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Glenn W. Rust
  • Employees140
  • Headquarters404 People Place, Charlottesville, VA, United States, 22911, USA
  • Websitehttps://www.vnb.com

Leadership

  • Mr. Glenn W. RustPresident, CEO & Director · b. 1956
  • Mr. Larry K. PitchfordEVP & Chief Human Resources Officer · b. 1965
  • Ms. Virginia R. BayesExecutive VP, Corporate Secretary & Chief Banking Officer · b. 1961
  • Ms. Cathy W. Liles CAPEVP & Chief Financial Officer · b. 1965

Financials

Income Statement

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue8.82M9.43M11.35M12.99M16.64M20.63M21.39M20.04M24.98M26.38M22.96M28.94M33.00M20.63M21.85M24.39M28.21M31.01M31.56M33.80M58.74M69.99M79.09M82.61M83.34M
Growth (%)-+6.92%+20.36%+14.49%+28.12%+23.93%+3.67%-6.30%+24.66%+5.61%-12.96%+26.06%+14.02%-37.49%+5.92%+11.61%+15.66%+9.93%+1.77%+7.09%+73.80%+19.15%+13.01%+4.45%+0.88%
Cost of Revenue2.93M1.95M2.29M1.89M3.03M4.79M21.39M20.04M24.98M26.38M1.77M1.20M1.16M1.23M1.44M1.05M1.65M4.66M5.65M4.97M4.30M3.29M21.75M28.95M25.87M
Gross Profit5.89M7.47M9.05M11.10M13.62M15.84M----22.96M27.74M31.85M19.40M20.41M23.34M26.56M26.35M25.91M28.82M54.44M66.70M57.34M53.66M57.47M
Gross Margin66.80%79.27%79.78%85.44%81.80%76.79%----100.00%95.85%96.49%94.02%93.42%95.70%94.14%84.96%82.10%85.28%92.68%95.30%72.49%64.96%68.95%
Operating Expense2.38M6.71M7.04M8.26M8.97M11.61M----19.69M19.65M21.74M17.04M16.10M14.99M15.60M15.81M17.69M18.78M42.52M38.15M34.06M32.76M33.38M
Operating Income3.51M765.00K2.01M2.84M4.65M4.23M2.48M314.00K3.02M6.38M3.27M8.09M10.11M2.35M4.32M8.35M10.96M10.54M8.22M10.04M11.92M28.55M23.27M20.90M24.08M
Operating Margin39.79%8.11%17.73%21.87%27.92%20.53%11.60%1.57%12.09%24.17%14.24%27.96%30.63%11.41%19.76%34.24%38.84%33.99%26.03%29.72%20.29%40.79%29.43%25.30%28.90%
EBITDA1.03M1.94M3.13M3.82M5.44M5.13M3.35M1.70M4.68M7.77M4.83M9.53M11.38M3.50M5.48M9.62M12.21M11.77M9.41M12.00M16.32M33.63M28.04M25.16M28.07M
EBITDA Margin11.68%20.52%27.58%29.41%32.69%24.85%15.66%8.47%18.72%29.46%21.02%32.94%34.49%16.99%25.09%39.46%43.27%37.94%29.83%35.51%27.78%48.05%35.46%30.45%33.68%
Net Income743.00K770.00K1.37M1.94M3.09M2.67M1.48M112.00K1.95M4.03M2.34M5.48M6.90M1.90M3.12M5.75M6.55M8.47M6.69M7.98M10.07M23.44M19.26M16.97M19.26M
Net Income Margin8.43%8.17%12.11%14.93%18.54%12.92%6.90%0.56%7.80%15.28%10.19%18.94%20.90%9.20%14.28%23.57%23.23%27.31%21.20%23.61%17.15%33.49%24.36%20.54%23.11%
R&D--------------0000-------
R&D as % of Total Revenue--------------0.00%0.00%0.00%0.00%-------
Interest Expense2.77M1.58M1.47M1.45M2.83M4.42M----1.77M1.28M997.00K928.00K974.00K937.00K1.23M2.79M4.27M3.35M3.28M3.18M21.02M29.55M25.74M
Interest Expense % of Total Revenue31.37%16.80%12.91%11.15%17.01%21.41%----7.71%4.43%3.02%4.50%4.46%3.84%4.37%9.00%13.54%9.92%5.59%4.55%26.58%35.77%30.88%

Balance Sheet

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets142.62M170.61M213.75M277.00M285.33M302.51M348.66M401.57M441.68M458.78M464.00M507.61M512.99M537.05M567.62M605.03M643.89M644.80M702.63M848.41M1.97B1.62B1.65B1.62B1.65B
Total Liabilities124.38M150.29M191.29M252.90M257.42M270.92M312.55M363.28M400.78M413.26M415.10M453.67M455.04M476.42M511.24M545.98M578.78M574.06M626.52M765.81M1.81B1.49B1.49B1.46B1.47B
Total Equity18.23M20.32M22.46M24.10M27.91M31.59M36.10M38.29M40.90M45.52M48.90M53.94M57.96M60.63M56.38M59.05M65.11M70.74M76.11M82.60M161.99M133.42M153.04M160.30M184.16M
Cash4.91M7.18M9.28M6.96M14.36M14.86M----12.48M15.65M12.87M12.83M14.20M10.05M11.39M11.74M14.91M8.12M356.38M40.09M28.39M17.10M5.80M
Total Debt8.51M6.35M6.57M6.26M9.31M9.55M11.11M2.84M3.61M1.80M2.60M4.00M16.30M18.00M23.16M19.70M34.09M-3.60M33.59M10.47M9.59M79.92M29.13M29.75M
Net Debt3.60M-834.00K-2.71M-694.00K-5.05M-5.30M11.11M2.84M3.61M1.80M2.60M-11.65M3.43M5.16M8.96M9.65M22.70M-11.74M-14.91M25.47M-345.90M-30.50M51.53M12.03M23.95M

Cash Flow

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow1.45M1.62M2.76M3.22M3.60M3.31M4.19M-1.84M293.00K7.89M4.97M5.56M8.63M7.64M5.54M5.29M8.79M11.76M9.35M9.25M13.06M22.68M13.90M15.29M21.33M
Investing Cash Flow-28.31M-37.75M-42.14M-32.42M-34.88M-350.00K-19.27M-46.97M-45.82M-12.04M-26.45M-25.76M-37.27M-20.81M-43.82M-42.87M-61.32M-4.44M-54.77M-129.95M262.19M-167.20M-19.77M15.75M31.80M
Financing Cash Flow29.60M27.26M41.74M61.27M5.52M13.89M44.28M49.89M37.07M11.71M5.00M34.93M-3.07M27.20M27.70M32.55M32.30M-6.72M45.63M136.31M198.89M-324.19M-5.88M-42.33M381.00K
Capital Expenditure749.00K877.00K846.00K248.00K532.00K1.77M6.91M5.04M1.27M287.00K460.00K1.52M462.00K803.00K367.00K585.00K463.00K846.00K189.00K199.00K1.29M546.00K1.17M733.00K582.00K
Free Cash Flow699.00K746.00K1.92M2.98M3.07M1.54M-2.72M-6.88M-973.00K7.60M4.51M4.04M8.16M6.84M5.17M4.71M8.33M10.91M9.16M9.05M11.77M22.14M12.73M14.56M20.75M
Dividends Paid------------403.00K674.00K891.00K1.09M1.39M2.47M3.14M3.25M6.41M6.39M7.07M7.09M7.60M
FCF to OCF48.27%45.96%69.37%92.31%85.23%46.62%-65.06%373.72%-332.08%96.36%90.74%72.59%94.64%89.50%93.38%88.95%94.74%92.80%97.98%97.85%90.10%97.59%91.58%95.21%97.27%
Dividend Paid to FCF------------4.94%9.85%17.22%23.20%16.62%22.60%34.33%35.87%54.43%28.87%55.56%48.68%36.64%

Earnings

Report DateMar 31, 2008Jun 30, 2008Sep 30, 2008Dec 31, 2008Mar 31, 2009Jun 30, 2009Sep 30, 2009Dec 31, 2009Mar 31, 2010Jun 30, 2010Dec 31, 2010Mar 31, 2011Jun 30, 2011Sep 30, 2011Dec 31, 2011Mar 31, 2012Jun 30, 2012Sep 30, 2012Dec 31, 2012Mar 31, 2013Jun 30, 2013Sep 30, 2013Dec 31, 2013Mar 31, 2014Jun 30, 2014Sep 30, 2014Dec 31, 2014Mar 31, 2015Jun 30, 2015Sep 30, 2015Dec 31, 2015Mar 31, 2016Jun 30, 2016Sep 30, 2016Dec 31, 2016Mar 31, 2017May 12, 2017Aug 11, 2017Nov 9, 2017Mar 27, 2018May 15, 2018Aug 8, 2018Nov 9, 2018Jan 28, 2019May 10, 2019Aug 8, 2019Nov 8, 2019Mar 12, 2020Apr 28, 2020Aug 10, 2020Oct 26, 2020Jan 22, 2021May 10, 2021Aug 5, 2021Oct 29, 2021Feb 18, 2022Apr 28, 2022Jul 29, 2022Oct 27, 2022Jan 31, 2023Apr 18, 2023Jul 17, 2023Oct 20, 2023Jan 26, 2024Apr 23, 2024Jul 19, 2024Oct 17, 2024Jan 23, 2025Apr 24, 2025Jul 17, 2025Oct 23, 2025Dec 31, 2025Apr 23, 2026Jul 23, 2026Oct 22, 2026
EPS Estimate----------0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00------------------------
EPS Actual0.040.050.00-0.06-0.040.020.080.590.120.160.910.100.090.250.340.170.140.261.270.180.270.311.550.170.150.130.190.140.270.310.410.520.570.540.560.660.720.800.720.871.090.720.840.660.490.790.710.530.520.770.690.960.550.030.590.980.921.061.081.321.081.050.860.590.680.770.850.850.830.780.841.100.971.65-
Surprise---------------------------------------------------------------------------
Timing-------------------------------------------------------After-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketPre-market-Pre-market--

Key Statistics & Ratios

Market Cap265.35M
Enterprise Value217.06M
Trailing P/E10.73
Forward P/E0.00
PEG Ratio0.00
Price / Sales4.18
Price / Book1.34
EPS4.56
Book Value35.89
Revenue (TTM)63.43M
Gross Profit (TTM)63.43M
Profit Margin39.10%
Operating Margin59.87%
Return on Equity13.57%
Return on Assets1.51%
Shares Outstanding5.43M
Shares Float4.33M
Beta0.46
Dividend Yield2.98%
Dividend Rate1.44
Payout Ratio31.59%

Ownership Breakdown

Institutions
51.36%
Insiders
12.68%
Retail / Other
35.96%

Top Institutional Holders

  • Endeavour Capital Advisors Inc
    298.75K5.51%
  • BlackRock Inc
    285.18K5.26%
  • Atlantic Union Bankshares Corp
    242.24K4.47%
  • Vanguard Capital Management, LLC
    225.29K4.15%
  • Manufacturers Life Insurance Co
    208.98K3.85%
  • AllianceBernstein L.P.
    193.13K3.56%
  • Meridian Financial Partners LLC
    137.66K2.54%
  • STRATEGIC VALUE BANK PARTNERS LLC
    128.95K2.38%
  • Geode Capital Management, LLC
    118.02K2.18%
  • State Street Corp
    81.54K1.50%
  • Elizabeth Park Capital Advisors, Ltd
    74.88K1.38%
  • Dimensional Fund Advisors, Inc.
    56.89K1.05%
  • HPM Partners LLC
    49.12K0.91%
  • SALZHAUER MICHAEL
    45.67K0.84%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    146.31K2.70%
  • iShares Russell 2000 ETF
    123.26K2.27%
  • JHancock Regional Bank A
    106.98K1.97%
  • JH Financial Opportunities
    86.68K1.60%
  • Fidelity Small Cap Index
    53.50K0.99%
  • iShares Russell 2000 Value ETF
    52.12K0.96%

Dividends

20263×
0.36Aug 14, 20260.36May 13, 20260.36Feb 13, 2026
20254×
0.36Nov 14, 20250.36Aug 15, 20250.36May 15, 20250.33Mar 14, 2025
20244×
0.33Dec 6, 20240.33Sep 6, 20240.33Jun 14, 20240.33Mar 13, 2024
20234×
0.33Dec 7, 20230.33Sep 7, 20230.33Jun 8, 20230.33Mar 9, 2023
20224×
0.30Dec 19, 20220.30Sep 8, 20220.30Jun 9, 20220.30Mar 10, 2022
20214×
0.30Dec 17, 20210.30Sep 9, 20210.30Jun 10, 20210.30Mar 11, 2021
20201×
0.30Dec 21, 2020

Stock Splits

  • Apr 2, 2018105:100
  • Jun 13, 2011115:100