NASDAQ$VABK
Virginia National Bankshares Corporation · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported quarterly net income decreased due to increased cost of funds and accretion of the credit mark related to purchased loans.
Virginia National Bankshares Corporation reported a decrease in quarterly net income to $4.2 million, or $0.77 per diluted share, compared to $5.7 million, or $1.05 per diluted share, for the quarter ended June 30, 2023. The decline was attributed to increased cost of funds and the accretion of the credit mark related to purchased loans.
- Loan balances continued to increase during the second quarter of this year, with organic growth and continued purchases of the government-guaranteed portions of USDA and SBA loans.
- Loan balances increased 6% during the first half of the year, 19% year-over-year and credit quality metrics remain solid.
- Capital and liquidity positions continue to be strong and stable.
- Virginia National Bankshares Corporation has been included again in the Russell 2000, which reconstituted at the end of the second quarter.
Headline financials
Revenue & EPS history
VNB · Revenue · Quarterly
$12.9M
Revenue by segment
VNB · $6.5M total across 5 segments · Q2 2020
- Loans$6.16M—94.7%
- Taxable Securities$229K—3.5%
- Tax-Exempt Securities$92K—1.4%
- Dividends$24K—0.4%
- Federal Funds Sold$10—0.0%
Forward guidance
No specific forward guidance was provided in the press release.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-0.1%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+2.1%
Avg return
30 days after
43%
23 / 53 earnings
Positive
+7.4%
Q4 2022
Best reaction
-6.7%
Q2 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | +1.9% | +2.0% | |
| Q4 2025 | +2.4% | +3.2% | -4.8% | |
| Q3 2025 | +1.9% | +0.5% | +2.3% | |
| Q1 2025 | +2.5% | +2.1% | +3.5% | |
| Q4 2024 | +1.4% | +5.5% | +0.7% | |
| Q3 2024 | +3.1% | +1.1% | +2.8% | |
| Q2 2024 | +1.9% | +3.2% | -1.6% | |
| Q1 2024 | +0.8% | +4.5% | +23.7% | |
| Q4 2023 | -3.0% | -7.0% | -14.8% | |
| Q3 2023 | -1.4% | +2.6% | +30.7% | |
| Q2 2023 | +1.3% | +4.5% | +20.0% | |
| Q1 2023 | -0.1% | -1.9% | -18.7% | |
| Q4 2022 | +7.4% | +7.8% | +9.2% | |
| Q3 2022 | +2.4% | +1.5% | +7.7% | |
| Q2 2022 | +1.4% | +1.3% | +3.1% | |
| Q1 2022 | -3.0% | -6.3% | -7.8% | |
| Q4 2021 | -1.0% | -0.8% | -1.7% | |
| Q3 2021 | -0.2% | +0.9% | +0.6% | |
| Q2 2021 | -1.4% | -1.9% | -4.4% | |
| Q1 2021 | -1.3% | -2.1% | -3.8% | |
| Q4 2020 | +1.0% | +1.0% | +3.0% | |
| Q3 2020 | +5.7% | +2.3% | +17.0% | |
| Q2 2020 | +0.0% | +0.0% | +1.0% | |
| Q1 2020 | +0.0% | -5.4% | -4.2% | |
| Q4 2019 | -3.3% | +0.0% | -18.2% | |
| Q3 2019 | +0.0% | +0.1% | +1.3% | |
| Q2 2019 | +0.0% | -0.5% | +0.0% | |
| Q1 2019 | -4.9% | +0.0% | +0.3% | |
| Q4 2018 | +0.0% | +0.0% | -0.6% | |
| Q3 2018 | -0.3% | -1.1% | -9.1% | |
| Q2 2018 | -4.8% | +0.0% | +0.0% | |
| Q1 2018 | +0.4% | +6.5% | +12.4% | |
| Q4 2017 | +4.6% | -0.4% | +11.4% | |
| Q3 2017 | +3.7% | -1.0% | +2.2% | |
| Q2 2017 | -5.4% | -1.1% | +1.7% | |
| Q1 2017 | +4.1% | +4.1% | +5.4% | |
| Q4 2016 | +0.3% | +4.4% | +5.8% | |
| Q3 2016 | -2.9% | +15.9% | +4.4% | |
| Q2 2016 | -6.7% | -3.8% | -1.2% | |
| Q1 2016 | +0.9% | — | — | |
| Q4 2015 | -3.9% | — | — | |
| Q3 2015 | +0.9% | — | — | |
| Q2 2015 | -4.2% | — | — | |
| Q1 2015 | -3.7% | — | — | |
| Q4 2014 | -3.7% | — | — | |
| Q3 2014 | -3.5% | — | — | |
| Q3 2013 | -3.5% | — | — | |
| Q2 2013 | +5.0% | — | — | |
| Q2 2014 | +5.0% | — | — | |
| Q4 2013 | +0.0% | — | — | |
| Q1 2014 | +0.0% | — | — | |
| Q1 2013 | +0.0% | — | — | |
| Q4 2012 | -0.2% | — | — |
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