Virginia National Bankshares Corp (VABK) [Rocket]

Overview

Virginia National Bankshares Corp (VABK)

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Recent News + Filings (All items)

Date Filed	Type	Description
08/11/2023	10-Q	Quarterly Report for the period ended June 30, 2023
07/27/2023	8-K	Other Events, Financial Statements and Exhibits  Interactive Data
07/17/2023	8-K	Results of Operations and Financial Condition, Financial Statements and Exhibits  Interactive Data
07/06/2023	8-K	Submission of Matters to a Vote of Security Holders  Interactive Data
06/29/2023	8-K	Regulation FD Disclosure, Financial Statements and Exhibits  Interactive Data
05/25/2023	8-K	Other Events, Financial Statements and Exhibits  Interactive Data
05/12/2023	4	ADAMS JOHN BUCHANAN JR (Director) has filed a Form 4 on Virginia National Bankshares Corp

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
Revenues	0.0	32.2	26.1	26.6	26.8	23.6	22.2	21.0
Revenue growth	-100.0%	23.3%	-1.7%	-1.1%	13.5%	6.5%	5.6%	-37.2%
Cost of goods sold	0.0	11.4	11.1	9.9	10.1	9.7	10.8	11.3
Gross profit	0.0	20.8	15.0	16.7	16.7	14.0	11.4	9.8
Gross margin		64.6%	57.6%	62.8%	62.2%	59.0%	51.3%	46.4%
Selling, general and administrative	0.0	1.6	1.7	1.6	1.5	1.7	1.0	1.0
General and administrative	0.0	1.1	1.2	1.1	1.0	1.2
EBITA	0.0	19.2	8.8	10.6	11.1	7.3	8.4	6.7
EBITA margin		59.8%	33.6%	40.1%	41.2%	30.8%	38.1%	32.0%
Amortization of intangibles			0.1	0.1	0.1	0.1
EBIT	0.0	19.2	8.7	10.5	11.0	7.2	8.4	6.7
EBIT margin		59.8%	33.2%	39.7%	40.8%	30.4%	38.1%	32.0%
Pre-tax income	5.1	10.0	8.2	10.5	11.0	8.4	4.3	2.4
Income taxes	-0.4	2.1	1.5	2.1	4.4	2.6	1.2	0.5
Tax rate		20.6%	18.6%	19.6%	40.2%	31.2%	27.7%	19.4%
Net income	10.1	8.0	6.7	8.5	6.6	5.7	3.1	1.9
Net margin		24.8%	25.6%	31.9%	24.4%	24.3%	14.1%	9.0%

Diluted EPS		$2.95	$2.49	$3.15	$2.58	$2.41	$1.23	$0.70
Shares outstanding (diluted)		2.7	2.7	2.7	2.5	2.4	2.5	2.7

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.