FX.co ★ Virginia National Q4 Profit Down

On Friday, Virginia National Bankshares Corporation (VABK) announced a year-over-year decline in its fourth-quarter earnings.

The bank registered a net income of $3.2 million or $0.59 per share for the quarter, marking a drop from the previous year's profit of $7.1 million or $1.32 per share.

As of December 31, 2023, outstanding gross loans totaled $1.1 billion. This represents an increase of $156.3 million, or 16.7%, compared to the same date in 2022, and an increase of $72.1 million, or 7.1%, when compared to the figures of September 30, 2023.