Virginia National Bankshares Corporation
Description
Virginia National Bankshares Corporation operates as the holding company for Virginia National Bank that provides a range of commercial and retail banking services. The company operates through Bank, Sturman Wealth Advisors, VNB Trust and Estate Services, and Masonry Capital segments. It provides checking accounts, demand deposits, NOW accounts, money market deposit accounts, time deposits, certificates of deposit, individual retirement accounts, and other depository services. In addition, the company 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. Further, it provides automated teller machines, internet banking, treasury, and cash management services; merchant and debit card services; and wealth and investment advisory, and brokerage services. Additionally, 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 in the Charlottesville/Albemarle County, Fauquier County, Manassas, Prince William County, Richmond, and Winchester market areas in Virginia. Virginia National Bankshares Corporation was founded in 1998 and is headquartered in Charlottesville, Virginia.
About
CEO
Mr. Glenn Wilfred Rust
Employees
147
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNCM
Address
404 People Place, Charlottesville, VA 22911, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 21, 2026 | — | — | — | — |
| Oct 15, 2025 | — | — | — | — |
| Jul 17, 2025 | — | — | — | — |
| Apr 21, 2025 | — | — | — | — |
| Apr 18, 2023 | — | 1.08 | — | — |
Earnings estimate
| Number of analysts | — | — | — | — |
|---|---|---|---|---|
| Average estimate | — | — | — | — |
| Low estimate | — | — | — | — |
| High estimate | — | — | — | — |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
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Next qtr.
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Current year
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Next year
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Next 5 years (per annum)
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Past 5 years (per annum)
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Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 58.07M | 66.80M | 55.45M | 30.44M | 27.29M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 17.71M | 19.00M | 17.91M | 10.06M | 9.79M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 23.27M | 28.55M | 11.92M | 10.04M | 8.22M |
| Tax provision | 4.01M | 5.11M | 1.85M | 2.07M | 1.53M |
| Net income | 19.26M | 23.44M | 10.07M | 7.98M | 6.69M |
| Basic EPS | 3.60 | 4.40 | 1.89 | 2.94 | 2.49 |
| Diluted EPS | 3.58 | 4.38 | 1.89 | 2.94 | 2.49 |
| Basic average shares | 5.36M | 5.32M | 5.31M | 2.71M | 2.69M |
| Diluted average shares | 5.36M | 5.32M | 5.31M | 2.71M | 2.69M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 19.26M | 23.44M | 10.07M | 7.98M | 6.69M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 18.07M | 20.99M | 20.35M | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 28.39M | 40.09M | 356.38M | 8.12M | 14.91M |
| Other short term investments | 420.60M | 538.19M | 303.82M | 174.09M | 114.04M |
| Accounts receivable | 14.29M | 13.51M | 13.30M | 6.34M | 9.16M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 6.75M | 6.54M | 7.58M | 3.53M | — |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 11.27M | 10.95M | 10.80M | 9.45M | 9.25M |
| Construction in progress | 193,000 | 131,000 | 49,000 | 70,000 | 68,000 |
| Leases | 15.15M | 15.56M | 15.46M | 14.72M | 14.71M |
| Accumulated depreciation | -23.93M | -23.26M | -21.99M | -20.21M | -19.11M |
| Goodwill | 20.63M | 22.12M | 24.83M | 1.09M | 1.15M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 5.09M | 6.59M | 8.55M | 341,000 | 408,000 |
| Investments and advances | 420.60M | 538.19M | 303.82M | 174.09M | 114.04M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | 3.95M | 2.02M | 3.55M | 1.46M | 5.31M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 76.46M | 9.59M | 10.48M | 33.59M | — |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 13.26M | 13.21M | 13.18M | 6.72M | 6.72M |
| Retained earnings | 73.78M | 63.48M | 46.44M | 41.96M | 37.24M |
| Other shareholders equity | -40.04M | -48.62M | -2.21M | 1.46M | -43,000 |
| Total shareholders equity | 153.04M | 133.42M | 161.99M | 82.60M | 76.11M |
| Additional paid in capital | 106.05M | 105.34M | 104.58M | 32.46M | 32.20M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||
| Net Income | 19.26M | 23.44M | 10.07M | 7.98M | 6.69M | 8.47M | 6.55M | 5.75M | 3.12M | 1.90M | 6.90M | 5.48M | 2.67M | 3.09M | 1.94M | 1.37M | 770,000 | 743,000 |
| Depreciation | 4.77M | 5.09M | 4.40M | 1.96M | 1.20M | 1.23M | 1.25M | 1.27M | 1.16M | 1.15M | 1.27M | 1.44M | 893,000 | 793,000 | 980,000 | 1.12M | 1.17M | 1.03M |
| Deferred Taxes | -473,000 | -138,000 | 702,000 | -214,000 | 91,000 | -234,000 | 768,000 | 77,000 | 373,000 | -61,000 | -292,000 | -216,000 | -251,000 | -175,000 | -225,000 | — | — | — |
| Stock-Based Compensation | 727,000 | 687,000 | 521,000 | 264,000 | 534,000 | 65,000 | 10,000 | 28,000 | 30,000 | 52,000 | 106,000 | 105,000 | — | — | — | — | — | — |
| Other Non-Cash Items | -1.76M | -963,000 | -708,000 | -437,000 | -798,000 | -446,000 | -427,000 | -441,000 | -442,000 | -439,000 | -445,000 | -280,000 | 370,000 | 198,000 | 442,000 | 830,000 | 370,000 | 162,000 |
| Accounts Receivable | 52,000 | -828,000 | -2.61M | -946,000 | 545,000 | 910,000 | -509,000 | -1.31M | 194,000 | 10.33M | -3.75M | -6.04M | — | — | — | — | — | — |
| Accounts Payable | -863,000 | -1.34M | 1.57M | -951,000 | -504,000 | -415,000 | 241,000 | -458,000 | -174,000 | -6.57M | 4.04M | 3.59M | — | — | — | — | — | — |
| Other Assets & Liabilities | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating Cash Flow | 21.71M | 25.95M | 13.96M | 7.65M | 7.75M | 9.58M | 7.89M | 4.92M | 4.27M | 6.36M | 7.83M | 4.08M | 3.68M | 3.90M | 3.14M | 3.32M | 2.31M | 1.94M |
| Investing Activities | ||||||||||||||||||
| Capital Expenditures | 1.19M | 5.77M | -1.26M | -199,000 | -189,000 | -846,000 | -463,000 | -577,000 | -367,000 | -792,000 | -442,000 | -1.42M | -1.77M | -532,000 | -248,000 | -846,000 | -877,000 | -749,000 |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | 153.28M | -50,000 | -50,000 | -100,000 | -300,000 | -700,000 | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -83.16M | -316.35M | -74.43M | -167.36M | -79.75M | — | -45.29M | -18.98M | -26.77M | -44.28M | -66.61M | -58.95M | -5.08M | -23.34M | -9.90M | -15.93M | -13.25M | -14.24M |
| Sale of Investments | 214.39M | 22.72M | 31.72M | 109.23M | 28.44M | 5.94M | 34.02M | 35.87M | 92.92M | 37.01M | 45.75M | 30.69M | 33.50M | 5.00M | 7.75M | 10.96M | 5.13M | 3.26M |
| Investing Cash Flow | 130.58M | -293.80M | 108.99M | -59.70M | -50.37M | 4.99M | -14.61M | 15.59M | 66.65M | -6.85M | -21.22M | -33.03M | -350,000 | -34.89M | -32.42M | -42.14M | -37.75M | -28.31M |
| Financing Activities | ||||||||||||||||||
| Long-Term Debt Issuance | 66.50M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | — | — | -42.58M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | 460,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing Cash Flow | 59.89M | -6.39M | -48.99M | 26.75M | -3.15M | -17.47M | 13.62M | -2.35M | -7.23M | -936,000 | -403,000 | — | 245,000 | 3.05M | -303,000 | 219,000 | -2.17M | 943,000 |
| Other Cash Details | ||||||||||||||||||
| End Cash Position | 28.39M | 40.14M | 508.84M | 34.70M | 19.09M | 18.87M | 18.28M | 38.50M | 43.53M | 54.11M | 40.07M | 71.78M | 44.14M | 27.29M | 53.05M | 20.98M | 18.62M | 27.49M |
| Income Tax Paid | 3.81M | 4.45M | 1.22M | 2.75M | 1.93M | 2.47M | 3.78M | 2.69M | 904,000 | 2.49M | 2.78M | 870,000 | — | — | — | — | — | — |
| Interest Paid | 19.21M | 3.20M | 3.27M | 3.49M | 4.22M | 2.66M | 1.23M | 936,000 | 985,000 | 936,000 | 1.03M | 1.34M | — | — | — | — | — | — |
| Free Cash Flow | 12.73M | 22.14M | 11.77M | 9.05M | 9.16M | 10.91M | 8.33M | 4.71M | 5.17M | 6.84M | 8.16M | 4.04M | 1.55M | 3.07M | 2.98M | 1.92M | 746,000 | 699,000 |
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