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1. Company Snapshot

1.a. Company Description

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 and Estate Services, and Masonry Capital.It provides checking accounts, demand deposits, NOW accounts, money market deposit accounts, time deposits, certificates of deposit, individual retirement accounts, and other depository services.


The company also offers commercial and industrial loans, real estate construction and land loans, commercial real estate loans, and 1-4 family residential mortgages, as well as consumer loans comprising student loans, revolving credit, and other fixed payment loans.In addition, it provides automated teller machines, internet banking, treasury, and cash management services, as well as merchant and debit card services; and wealth and investment advisory, brokerage, insurance, consulting, and related services.Further, the company offers investment management, corporate trustee, trust and estate administration, IRA administration, house investment management, and custody services.


It serves individuals, businesses, and charitable organizations.As of December 31, 2021, the company operated sixteen full-service banking facilities in the cities of Charlottesville, Manassas, Richmond, and Winchester, as well as the counties of Albemarle, Fauquier, and Prince William.Virginia National Bankshares Corporation was founded in 1998 and is headquartered in Charlottesville, Virginia.

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1.b. Last Insights on VABK

Virginia National Bankshares Corporation's recent performance was driven by a rise in net interest income, a key factor in its Q2 2025 earnings. The company's quarterly net income reached $4.2 million, or $0.78 per diluted share, marking a slight increase from the previous year. Asset quality metrics were mixed, but fee-based revenues showed resilience. The company's decision to maintain its quarterly dividend payout also contributed to investor confidence. With a stable earnings report, the bank's fundamentals appear solid, positioning it for potential growth.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES PLANNED LEADERSHIP TRANSITION

Nov -19

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VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES 2025 THIRD QUARTER EARNINGS AND QUARTERLY DIVIDEND

Oct -23

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Virginia National Bank Q2 Profit Rises

Jul -30

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VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES 2025 SECOND QUARTER EARNINGS AND QUARTERLY DIVIDEND

Jul -24

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VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES 2025 FIRST QUARTER EARNINGS AND INCREASE IN QUARTERLY DIVIDEND

Apr -24

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VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES QUARTERLY CASH DIVIDEND

Feb -27

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VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES 2024 FOURTH QUARTER AND FULL YEAR EARNINGS

Jan -23

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VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES QUARTERLY CASH DIVIDEND

Oct -25

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.52%)

6. Segments

Bank

Expected Growth: 4.5%

Growing demand for commercial and retail banking services in Virginia, driven by a strong economy and increasing population, will fuel Virginia National Bankshares Corporation's growth.

VNB Trust & Estate Services

Expected Growth: 4.5%

Growing demand for wealth management services, increasing need for estate planning, and rising high net worth individuals in Virginia drive the growth of VNB Trust & Estate Services.

Masonry Capital

Expected Growth: 5.5%

Growing demand for mortgage banking services, increasing homeownership rates, and strategic partnerships drive Masonry Capital's growth, with a forecast CAGR of 5.5% from 2023 to 2028.

7. Detailed Products

Personal Banking

Virginia National Bankshares Corporation offers a range of personal banking services, including checking and savings accounts, credit cards, loans, and investment products.

Business Banking

The company provides business banking services, including commercial loans, cash management, and treasury management solutions, to help businesses grow and succeed.

Wealth Management

Virginia National Bankshares Corporation offers wealth management services, including investment management, trust services, and financial planning, to help individuals and families achieve their financial goals.

Mortgage Lending

The company provides mortgage lending services, including residential and commercial mortgage loans, to help individuals and businesses finance their property purchases or refinancing needs.

Treasury Management

Virginia National Bankshares Corporation offers treasury management services, including cash management, fraud prevention, and account services, to help businesses manage their cash flow and mitigate risk.

8. Virginia National Bankshares Corporation's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Virginia National Bankshares Corporation is moderate, as customers have alternative banking options available.

Bargaining Power Of Customers

The bargaining power of customers is low, as Virginia National Bankshares Corporation has a strong brand presence and a large customer base.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate, as Virginia National Bankshares Corporation relies on a few key suppliers for its operations.

Threat Of New Entrants

The threat of new entrants is high, as the banking industry is highly competitive and new fintech companies are emerging.

Intensity Of Rivalry

The intensity of rivalry is high, as Virginia National Bankshares Corporation operates in a highly competitive banking industry with many established players.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 32.68%
Debt Cost 6.88%
Equity Weight 67.32%
Equity Cost 6.88%
WACC 6.88%
Leverage 48.55%

11. Quality Control: Virginia National Bankshares Corporation passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
EFSC

A-Score: 6.5/10

Value: 6.5

Growth: 7.2

Quality: 6.9

Yield: 4.0

Momentum: 7.0

Volatility: 7.7

1-Year Total Return ->

Stock-Card
Virginia National Bankshares

A-Score: 6.3/10

Value: 6.4

Growth: 5.6

Quality: 7.2

Yield: 7.0

Momentum: 5.0

Volatility: 6.7

1-Year Total Return ->

Stock-Card
Pacific Premier Bancorp

A-Score: 5.9/10

Value: 5.5

Growth: 3.7

Quality: 7.4

Yield: 8.0

Momentum: 4.0

Volatility: 6.7

1-Year Total Return ->

Stock-Card
Mid Penn Bancorp

A-Score: 5.8/10

Value: 6.4

Growth: 3.8

Quality: 6.8

Yield: 6.0

Momentum: 4.0

Volatility: 7.7

1-Year Total Return ->

Stock-Card
FNCB

A-Score: 5.1/10

Value: 7.5

Growth: 4.4

Quality: 6.8

Yield: 4.0

Momentum: 5.0

Volatility: 3.0

1-Year Total Return ->

Stock-Card
HMN Financial

A-Score: 3.9/10

Value: 3.9

Growth: 2.8

Quality: 7.5

Yield: 1.0

Momentum: 5.0

Volatility: 3.0

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

40.7$

Current Price

40.7$

Potential

-0.00%

Expected Cash-Flows