Virginia National Bankshares Q1 net income rises 17.1% to $5.3 million

• Virginia National Bankshares posted first-quarter net income of $5.3 million, up $770,000 year over year; diluted EPS rose to $0.97.
• Net interest margin widened 0.12 percentage point to 3.38%, while net interest income increased to $12.91 million.
• Noninterest income fell 15.4% to $1.49 million, while noninterest expense dropped 7.1% to $8.2 million.
• Total assets edged down to $1.6 billion, while deposits slipped to $1.43 billion; uninsured deposits were $378.4 million, or 26.5% of total deposits.
• Credit quality remained strong with nonaccrual loans at $2.1 million, while allowance for credit losses declined to $7.98 million; the quarter included a $336,000 recovery of credit losses.

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 via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-219603), on May 12, 2026, and is solely responsible for the information contained therein.