Overview

* Virginia National Bankshares ( VABK ) Q3 net income stable at $4.6 mln, EPS slightly down

* Net interest income for Q3 rises 8.7% yr/yr due to decreased interest expenses

* Company declares quarterly dividend of $0.36 per share

Outlook

* Company did not provide specific guidance for future quarters or full year in press release.

Result Drivers

* INTEREST EXPENSE REDUCTION - Decreased interest expenses due to lower costs of funds drove net interest income increase

* KEY PERFORMANCE IMPROVEMENTS - Return on average assets, equity, and net interest margin improved over last quarter

* CREDIT STANDARDS - Despite slight decline in loan balances, strong credit standards maintained, per CEO Glenn W. Rust

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.84

Q3 Net $4.57

Income mln

Q3 Net $13.07

Interest mln

Income

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)