Virginia National Bankshares Corporation reports Q1 EPS 97c vs. 83c last year

Reports Q1 net interest margin improved to 3.40% from 3.28% last year. Tangible book value per share was $32.51 as of March 31, 2026 compared to $28.84 as of March 31, 2025. Tier 1 leverage ratio was 12.70% vs. 12.52% last year. “Our strong performance in the first quarter of 2026 resulted in a 17.2% increase in net income over the first quarter of 2025. We continue to successfully implement financial strategies that enhance our operating efficiency,” stated CEO Glenn Rust. “Attention to pricing and continued vigilance toward asset quality augment our performance strategies. With our strong capital and liquidity positions, our lending and retail teams are able to work seamlessly to provide exceptional service to the communities we serve.”