VABK

MKT CAP:$227M

Virginia National Bankshares Corporation

Market Cap

$227M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$41.30+$1.62 (+4.08%)

Apr 22, 2026

Company Details

Virginia National Bankshares Corporation operates as the holding company for Virginia National Bank that provides a range of commercial banking services. The company operates through four segments: Bank, Sturman Wealth Advisors, VNB Trust a...

CEO

Glenn W. Rust

IPO Date

May 4, 1999

Website

www.vnb.com

Key Metrics TTM

Revenue

$81M

-1.9% YoY

Net Income

$20M

EPS (Diluted)

$3.69

Free Cash Flow

$21M

Revenue / Share

$14.96

Gross Margin

53.1%

Operating Margin

31.0%

Net Margin

24.6%

FCF Margin

25.5%

P/S

2.8x

P/E

11.3x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$19M-9.1%EPS $0.97

FY 2025

Mar 27, 2026

$83M+0.9%EPS $3.55

Q4 2025

Mar 27, 2026

$21M+1.2%EPS $1.10

Q3 2025

Nov 12, 2025

$21M-0.2%EPS $0.84

Q2 2025

Aug 12, 2025

$20M+0.5%EPS $0.78

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$17M	$16M	$7M
Q3 22	$17M	$17M	$7M
Q4 22	$19M	$18M	$9M
Q1 23	$19M	$16M	$7M
Q2 23	$20M	$15M	$7M
Q3 23	$20M	$14M	$5M
Q4 23	$20M	$12M	$4M
Q1 24	$20M	$13M	$4M
Q2 24	$20M	$13M	$5M
Q3 24	$21M	$14M	$6M
Q4 24	$21M	$14M	$6M
Q1 25	$21M	$14M	$5M
Q2 25	$20M	$14M	$5M
Q3 25	$21M	$14M	$6M
Q4 25	$21M	$15M	$8M
Q1 26	$19M	$0	$7M

Valuation

Quarter	P/S	P/E
Q2 22	3.5x	11.9x
Q3 22	3.5x	10.5x
Q4 22	3.4x	9.7x
Q1 23	3.2x	9.3x
Q2 23	3.0x	9.4x
Q3 23	2.9x	9.8x
Q4 23	2.9x	11.8x
Q1 24	2.8x	13.3x
Q2 24	2.8x	14.5x
Q3 24	2.8x	14.6x
Q4 24	2.7x	13.4x
Q1 25	2.7x	12.8x
Q2 25	2.7x	12.7x
Q3 25	2.7x	12.7x
Q4 25	2.7x	11.8x
Q1 26	2.8x	11.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$9M	$9M
Q2 22	$280.0K	$100.0K
Q3 22	$8M	$8M
Q4 22	$5M	$5M
Q1 23	$7M	$7M
Q2 23	$3M	$3M
Q3 23	$580.0K	$211.0K
Q4 23	$3M	$3M
Q1 24	$3M	$3M
Q2 24	-$6M	-$7M
Q3 24	$15M	$15M
Q4 24	$3M	$3M
Q1 25	$2M	$2M
Q2 25	$7M	$7M
Q3 25	$6M	$6M
Q4 25	$7M	$6M

Capital Expenditures

Quarter	CapEx
Q1 22	$154.0K
Q2 22	$180.0K
Q3 22	$176.0K
Q4 22	$36.0K
Q1 23	$236.0K
Q2 23	$265.0K
Q3 23	$369.0K
Q4 23	$301.0K
Q1 24	$31.0K
Q2 24	$397.0K
Q3 24	$122.0K
Q4 24	$183.0K
Q1 25	$259.0K
Q2 25	$26.0K
Q3 25	$285.0K
Q4 25	$544.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	-1.4%	-41.0%
Q3 22	-0.9%	-24.4%
Q4 22	+12.8%	-5.2%
Q1 23	+27.8%	+34.2%
Q2 23	+21.2%	+35.5%
Q3 23	+15.1%	+40.8%
Q4 23	+5.7%	+56.9%
Q1 24	+9.2%	+38.7%
Q2 24	-0.1%	+13.5%
Q3 24	+5.0%	+5.8%
Q4 24	+4.1%	-7.4%
Q1 25	+2.0%	-4.2%
Q2 25	+0.5%	-1.6%
Q3 25	-0.2%	-0.5%
Q4 25	+1.2%	-9.7%
Q1 26	-9.1%	-19.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$134.0K	0.9%
Q2 22	$163.0K	1.0%
Q3 22	$226.0K	1.3%
Q4 22	$164.0K	0.9%
Q1 23	$153.0K	0.8%
Q2 23	$188.0K	0.9%
Q3 23	$198.0K	1.0%
Q4 23	$188.0K	0.9%
Q1 24	$195.0K	1.0%
Q2 24	$252.0K	1.2%
Q3 24	$232.0K	1.1%
Q4 24	$289.0K	1.4%
Q1 25	$248.0K	1.2%
Q2 25	$247.0K	1.2%
Q3 25	-$495.0K	-2.4%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$4M	$259.0K
Q3 22	$4M	$347.0K
Q4 22	$4M	$351.0K
Q1 23	$4M	$375.0K
Q2 23	$4M	$275.0K
Q3 23	$4M	$262.0K
Q4 23	$4M	$186.0K
Q1 24	$4M	$248.0K
Q2 24	$4M	$157.0K
Q3 24	$4M	$166.0K
Q4 24	$4M	$159.0K
Q1 25	$4M	$254.0K
Q2 25	$4M	$179.0K
Q3 25	$4M	$171.0K
Q4 25	—	$157.0K
Q1 26	$348.0K	$267.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$163M	$462M	$625M
Q3 22	$92M	$538M	$630M
Q4 22	$40M	$538M	$578M
Q1 23	$35M	$493M	$528M
Q2 23	$30M	$474M	$504M
Q3 23	$17M	$391M	$408M
Q4 23	$28M	$421M	$449M
Q1 24	$18M	$342M	$360M
Q2 24	$17M	$285M	$302M
Q3 24	$19M	$279M	$298M
Q4 24	$17M	$12M	$29M
Q1 25	$26M	$13M	$39M
Q2 25	$16M	$9M	$25M
Q3 25	$15M	$11M	$26M
Q4 25	$6M	$54M	$60M
Q1 26	$9M	$0	$9M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	5M	+0.4%	+0.5%
Q3 22	5M	+0.0%	+0.2%
Q4 22	5M	+0.2%	+1.0%
Q1 23	5M	+0.2%	+0.9%
Q2 23	5M	-0.0%	+0.5%
Q3 23	5M	+0.4%	+0.9%
Q4 23	5M	-0.0%	+0.6%
Q1 24	5M	-0.3%	+0.1%
Q2 24	5M	+0.1%	+0.2%
Q3 24	5M	+0.2%	+0.0%
Q4 24	5M	+0.2%	+0.2%
Q1 25	5M	-0.1%	+0.4%
Q2 25	5M	+0.1%	+0.5%
Q3 25	5M	+0.3%	+0.5%
Q4 25	5M	-0.0%	+0.3%
Q1 26	5M	+0.4%	+0.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$97.2K	173
Q3 22	$99.7K	173
Q4 22	$121.8K	157
Q1 23	$118.8K	157
Q2 23	$129.8K	157
Q3 23	$126.5K	157
Q4 23	$130.4K	155
Q1 24	$131.3K	155
Q2 24	$131.3K	155
Q3 24	$134.6K	155
Q4 24	$144.1K	146
Q1 25	$142.2K	146
Q2 25	$140.0K	146
Q3 25	$142.6K	146
Q4 25	$52.7K	404
Q1 26	$46.7K	404

Revenue / Employee