
Overview
Bank holding company reported Q4 net income of $6.0 mln, up from $4.6 mln last year
Net interest income for Q4 increased by 9.1% yr/yr
Company declared a quarterly dividend of $0.36 per share
Outlook
Virginia National Bankshares did not provide specific guidance for future quarters or the full year
Result Drivers
DECREASED INTEREST EXPENSE - Co attributed increased net income to decreased interest expense due to lower cost of funds
STEADY YIELDS - Yields on earning assets held steady despite several reductions in the prime rate, supporting financial results
STRONG ASSET QUALITY - Co said strong asset quality continues to enhance financial results
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS |
| $1.10 |
|
Q4 Net Income |
| $5.96 mln |
|
Q4 Net Interest Income |
| $13.35 mln |
|
Press Release: ID:nPnCymsQa
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