Virginia National Bankshares Corporation (VABK) Income Statement
VABK 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsVABK revenue and net income
Where VABK's revenue goes
2025Each bar shows an amount and its share of revenue. VABK kept 23.1% of revenue as net income.
VABK profit margins
VABK growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.9% | +6.0% | +19.8% | +14.3% |
| Gross profit | +7.1% | −4.8% | +14.8% | +10.9% |
| Operating income | +15.2% | −5.5% | +19.1% | +18.8% |
| Net income | +13.5% | −6.3% | +19.3% | +20.0% |
| EPS (diluted) | +12.7% | −6.8% | +3.8% | +9.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VABK quarterly EPS vs estimates
Next report: October 22, 2026.
VABK income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $83.3M | $82.6M | $79.1M | $70.0M | $58.7M | $33.8M | $31.6M | $31.0M | $28.2M | $24.4M |
| Cost of revenue | $25.9M | $29.0M | $21.8M | $3.3M | $4.3M | $5.0M | $5.6M | $4.7M | $1.7M | $1.0M |
| Gross profit | $57.5M | $53.7M | $57.3M | $66.7M | $54.4M | $28.8M | $25.9M | $26.3M | $26.6M | $23.3M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $1.9M | $17.4M | $17.7M | $19.0M | $17.9M | $10.1M | $9.8M | $8.8M | $8.8M | $9.6M |
| Total operating expenses | $33.4M | $32.8M | $34.1M | $38.2M | $42.5M | $18.8M | $17.7M | $15.8M | $15.6M | $15.0M |
| Operating income | $24.1M | $20.9M | $23.3M | $28.5M | $11.9M | $10.0M | $8.2M | $10.5M | $11.0M | $8.3M |
| Interest income | $76.8M | $75.5M | $68.2M | $56.5M | $48.1M | $27.1M | $26.1M | $25.5M | $22.5M | $19.1M |
| Interest expense | $25.7M | $29.6M | $21.0M | $3.2M | $3.3M | $3.4M | $4.3M | $2.8M | $1.2M | $937,000 |
| Income before taxes | $24.1M | $20.9M | $23.3M | $28.5M | $11.9M | $10.0M | $8.2M | $10.5M | $11.0M | $8.3M |
| Income taxes | $4.8M | $3.9M | $4.0M | $5.1M | $1.8M | $2.1M | $1.5M | $2.1M | $4.4M | $2.6M |
| Net income | $19.3M | $17.0M | $19.3M | $23.4M | $10.1M | $8.0M | $6.7M | $8.5M | $6.6M | $5.7M |
| EBITDA | $28.1M | $25.2M | $28.0M | $33.6M | $16.3M | $12.0M | $9.4M | $11.8M | $12.2M | $9.6M |
| EPS (diluted) | $3.55 | $3.15 | $3.58 | $4.38 | $2.15 | $2.94 | $2.52 | $3.31 | $3.11 | $2.33 |
| Gross margin | 69.0% | 65.0% | 72.5% | 95.3% | 92.7% | 85.3% | 82.1% | 85.0% | 94.1% | 95.7% |
| Operating margin | 28.9% | 25.3% | 29.4% | 40.8% | 20.3% | 29.7% | 26.0% | 34.0% | 38.8% | 34.2% |
| Net margin | 23.1% | 20.5% | 24.4% | 33.5% | 17.1% | 23.6% | 21.2% | 27.3% | 23.2% | 23.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.5M | $20.4M | $21.3M | $20.8M | $20.4M | $20.8M | $21.0M | $20.9M | $20.4M | $20.4M | $20.2M | $19.9M |
| Cost of revenue | $6.0M | $5.6M | $6.2M | $6.7M | $6.3M | $6.6M | $6.9M | $7.3M | $7.1M | $7.6M | $8.1M | $6.0M |
| Gross profit | $19.5M | $14.7M | $15.1M | $14.1M | $14.1M | $14.2M | $14.1M | $13.6M | $13.2M | $12.8M | $12.1M | $13.8M |
| Sales, general & admin | $587,000 | $615,000 | $11.1M | $4.3M | $4.2M | $4.3M | $4.5M | $4.1M | $4.2M | $4.6M | $4.2M | $4.4M |
| Total operating expenses | $8.3M | $8.2M | $7.5M | $8.4M | $8.7M | $8.8M | $8.3M | $7.9M | $8.1M | $8.4M | $8.3M | $8.3M |
| Operating income | $11.3M | $6.5M | $7.6M | $5.7M | $5.4M | $5.4M | $5.8M | $5.6M | $5.1M | $4.3M | $3.8M | $5.5M |
| Interest income | $19.4M | $18.8M | $19.5M | $19.4M | $19.0M | $18.9M | $19.2M | $19.3M | $18.6M | $18.4M | $18.1M | $17.2M |
| Interest expense | $5.8M | $6.0M | $6.3M | $6.4M | $6.3M | $6.7M | $7.1M | $7.4M | $7.5M | $7.6M | $7.3M | $6.1M |
| Income before taxes | $11.3M | $6.5M | $7.6M | $5.7M | $5.4M | $5.4M | $5.8M | $5.6M | $5.1M | $4.3M | $3.8M | $5.5M |
| Income taxes | $2.3M | $1.3M | $1.6M | $1.1M | $1.2M | $901,000 | $1.3M | $1.0M | $929,000 | $671,000 | $629,000 | $824,000 |
| Net income | $9.0M | $5.3M | $6.0M | $4.6M | $4.2M | $4.5M | $4.6M | $4.6M | $4.2M | $3.6M | $3.2M | $4.7M |
| EBITDA | $12.1M | $7.3M | $9.6M | $5.5M | $6.5M | $6.5M | $6.9M | $6.7M | $6.2M | $5.4M | $4.9M | $6.7M |
| EPS (diluted) | $1.65 | $0.97 | $1.10 | $0.84 | $0.78 | $0.83 | $0.85 | $0.85 | $0.77 | $0.68 | $0.59 | $0.86 |
| Gross margin | 76.6% | 72.3% | 70.7% | 67.7% | 69.0% | 68.4% | 67.0% | 65.2% | 64.9% | 62.7% | 59.8% | 69.6% |
| Operating margin | 44.2% | 32.1% | 35.6% | 27.3% | 26.5% | 26.0% | 27.8% | 27.1% | 25.0% | 21.2% | 18.8% | 27.6% |
| Net margin | 35.3% | 25.8% | 28.0% | 22.0% | 20.7% | 21.6% | 21.7% | 22.1% | 20.4% | 17.9% | 15.7% | 23.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VABK's financial statements (latest annual report filed March 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VABK financial results
In fiscal year 2025 (ended December 31, 2025), Virginia National Bankshares reported revenue of $83.3 million, up 0.9% from the year before. It had net income of $19.3 million (up 13.5%), a net profit margin of 23.1%. Diluted earnings per share came to $3.55. Over five years revenue grew at an average rate of 19.8% a year.
See the VABK stock overview for the latest quote and news, or the VABK chart for price history and technical indicators.
VABK income statement FAQ
What is Virginia National Bankshares's annual revenue?
Virginia National Bankshares reported total revenue of $83.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 0.9% from $82.6 million the previous year.
Is Virginia National Bankshares profitable?
Yes. Virginia National Bankshares reported net income of $19.3 million in fiscal 2025, a net profit margin of 23.1%; its operating margin was 28.9%.
What is Virginia National Bankshares's gross margin?
Virginia National Bankshares's gross margin was 69.0% in fiscal 2025: for every $100 of revenue, Virginia National Bankshares kept $69 after the direct cost of its products and services.
How fast is Virginia National Bankshares growing?
Revenue grew 19.8% a year on average over the last five fiscal years, from $33.8 million to $83.3 million.
What are Virginia National Bankshares's earnings per share?
Virginia National Bankshares earned $3.55 per diluted share in fiscal 2025, compared with $3.15 a year earlier.
When will Virginia National Bankshares report its next earnings?
Virginia National Bankshares is expected to report results for the quarter ending September 30, 2026 on October 22, 2026.
When does Virginia National Bankshares's fiscal year end?
Virginia National Bankshares's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 27, 2026.