Filing Analysis
Virginia National Bankshares Corporation announced its consolidated earnings results for the three and six months ended June 30, 2026. Additionally, the Board declared a cash dividend of $0.36 per share.
📋 Key Facts
- Earnings release issued for the periods ending June 30, 2026 (three and six months).
- Cash dividend declared at $0.36 per share.
- Dividend record date: August 14, 2026.
- Dividend payment date: August 28, 2026.
Virginia National Bankshares Corporation held its 2026 Annual Meeting of Shareholders on June 25, 2026. The meeting resulted in the election of 11 directors, advisory approval of executive compensation, and ratification of the company's independent auditor.
🚩 Red Flags
- William D. Dittmar, Jr. received a high number of 'Votes Withheld' (1,224,307) compared to other directors, though still elected via plurality.
📋 Key Facts
- Annual Meeting held on June 25, 2026.
- 11 directors were elected to serve until the 2027 annual meeting via plurality vote.
- Shareholders approved executive compensation on an advisory basis (Say-on-Pay).
- Yount, Hyde & Barbour, P.C. was ratified as the independent registered public accounting firm for 2026.
Virginia National Bankshares Corp entered into a management continuity agreement with EVP and CFO Cathy W. Liles and increased her annual base salary to $375,000. The agreement provides for significant severance benefits in the event of a change in control, including a lump sum payment equal to two times her salary and bonus.
🚩 Red Flags
- The 'golden parachute' provision (2x salary/bonus) increases the cost of a potential acquisition for shareholders.
📋 Key Facts
- Agreement date: May 11, 2026.
- CFO Cathy W. Liles's annual base salary increased to $375,000.
- Change in control (CIC) protection includes a two-year employment guarantee post-acquisition.
- Severance package includes 2x the sum of base salary, average annual bonus, and pre-tax salary reductions.
- Additional benefits include 18 months of welfare benefit continuation and a lump sum for two years of 401(k) contributions.
- Includes a clawback provision for incentive-based compensation as required by law.
Virginia National Bankshares Corporation announced that its subsidiary, Fauquier Bank Services, Inc., completed the sale of its interest in Bearing Insurance Group, LLC on May 1, 2026. The company expects to record a pre-tax gain of approximately $4.7 million in its second-quarter 2026 results.
📋 Key Facts
- Sale of interest in Bearing Insurance Group, LLC completed on May 1, 2026
- Bearing Insurance Group, LLC is a full-service insurance agency
- Expected pre-tax gain of approximately $4.7 million
- The gain will be reflected in the Company's operating results for the second quarter of 2026
Virginia National Bankshares Corp announced its Q1 2026 earnings results and declared a quarterly cash dividend of $0.36 per share. The dividend is scheduled for payment on May 29, 2026, to stockholders of record as of May 13, 2026.
📋 Key Facts
- Announced consolidated earnings for the quarter ended March 31, 2026.
- Board of Directors declared a cash dividend of $0.36 per share on April 22, 2026.
- Dividend payment date is May 29, 2026.
- Record date for the dividend is May 13, 2026.
- Earnings information was furnished under Item 2.02 and Exhibit 99.1.
Virginia National Bankshares Corporation announced the appointment of Robert Lee Burrows, Jr. to its Board of Directors and the board of its subsidiary, Virginia National Bank.
📋 Key Facts
- Robert Lee Burrows, Jr. appointed as a director effective February 25, 2026.
- Appointment includes a seat on the board of the wholly-owned subsidiary, Virginia National Bank.
- Compensation will be consistent with other non-employee directors as disclosed in the 2025 proxy statement.
- As of the filing date, Mr. Burrows has not been assigned to any specific committee.
Virginia National Bankshares Corporation announced its consolidated earnings for the quarter and year ended December 31, 2025. Additionally, the Board declared a cash dividend of $0.36 per share.
📋 Key Facts
- Earnings announcement issued on January 29, 2026, for the period ending December 31, 2025.
- Cash dividend of $0.36 per share declared by the Board of Directors.
- Dividend record date: February 13, 2026.
- Dividend payment date: February 27, 2026.
Virginia National Bankshares Corporation announced a leadership transition in its finance department, with CFO Tara Y. Harrison moving to a Senior Advisor role and Cathy W. Liles appointed as the new CFO, effective November 21, 2025.
🚩 Red Flags
- None identified; the filing explicitly states there was no disagreement regarding accounting practices or internal controls.
📋 Key Facts
- Tara Y. Harrison is transitioning from EVP and CFO to Senior Advisor effective Nov 21, 2025.
- Cathy W. Liles will become EVP and CFO effective Nov 21, 2025.
- Ms. Harrison's transition is for personal reasons and not due to any disagreement regarding operations, policies, or financial disclosures.
- Ms. Liles previously served as CFO at Old Point Financial Corporation and Carter Bank & Trust.
- New CFO Ms. Liles will receive an annual base salary of $275,000 and a stock option for 2,000 shares vesting over four years.
Virginia National Bankshares Corporation announced its consolidated earnings for the quarter ended September 30, 2025, and declared a quarterly cash dividend. The filing serves as a routine disclosure of financial results and shareholder distributions.
📋 Key Facts
- Company released consolidated earnings for the quarter ending September 30, 2025 (Item 2.02).
- Board of Directors declared a cash dividend of $0.36 per share (Item 8.01).
- Dividend record date is November 14, 2025.
- Dividend payment date is November 28, 2025.
Virginia National Bankshares Corporation held its 2025 Annual Meeting of Shareholders on July 24, 2025. The meeting resulted in the election of 10 directors and the approval of several shareholder proposals, including executive compensation advisory votes and an amendment to the stock incentive plan.
📋 Key Facts
- Annual Meeting held on July 24, 2025.
- All 10 director nominees were elected by plurality to serve until the 2026 annual meeting.
- Shareholders approved executive compensation (Say-on-Pay) on an advisory basis with 3,143,515.98 votes in favor.
- Shareholders approved a one-year frequency for the advisory vote on executive compensation.
- Approved amendment to the 2022 Stock Incentive Plan to increase available shares by 150,000.
- Ratified the appointment of Yount, Hyde & Barbour, P.C. as independent registered public accounting firm for 2025.
Virginia National Bankshares Corporation filed an 8-K to announce a presentation scheduled for its Annual Meeting of Shareholders on July 24, 2025. The filing includes the meeting slides as Exhibit 99.1.
📋 Key Facts
- Annual Meeting of Shareholders held on July 24, 2025, at 10:00 a.m. ET in Charlottesville, VA.
- Executive officers scheduled to make a presentation during the meeting.
- Presentation slides attached as Exhibit 99.1.
Virginia National Bankshares Corporation announced its consolidated earnings for the quarter ended June 30, 2025, and declared a cash dividend of $0.36 per share.
📋 Key Facts
- Quarterly earnings results for the period ending June 30, 2025, were released via press statement on July 24, 2025.
- Board of Directors declared a cash dividend of $0.36 per share.
- Dividend record date is August 15, 2025.
- Dividend payment date is August 29, 2025.
Virginia National Bankshares Corporation announced its consolidated earnings for the quarter ended March 31, 2025. Additionally, the Board declared a cash dividend of $0.36 per share.
📋 Key Facts
- Quarterly earnings results for the period ending March 31, 2025, were released via press statement on April 24, 2025.
- A cash dividend of $0.36 per share was declared by the Board of Directors.
- The dividend is payable on May 30, 2025.
- Stockholders of record as of the close of business on May 15, 2025, are eligible for the dividend.
Virginia National Bankshares Corporation announced a quarterly cash dividend of $0.33 per share. The dividend is payable on March 28, 2025, to shareholders of record as of March 14, 2025.
📋 Key Facts
- Quarterly cash dividend declared: $0.33 per share
- Record date: March 14, 2025
- Payment date: March 28, 2025
Virginia National Bankshares Corporation has issued an 8-K to furnish its consolidated earnings press statement for the quarter ended December 31, 2024.
📋 Key Facts
- Report date: January 23, 2025
- Reporting period: Quarter ended December 31, 2024
- The filing is a standard earnings release under Item 2.02
- Information is furnished but not 'filed' for purposes of Section 18 of the Exchange Act
Virginia National Bankshares Corporation announced a quarterly cash dividend of $0.33 per share. The dividend is payable on December 20, 2024, to shareholders of record as of December 6, 2024.
📋 Key Facts
- Quarterly cash dividend declared: $0.33 per share
- Record date: December 6, 2024
- Payment date: December 20, 2024
Virginia National Bankshares Corporation issued an 8-K to announce its consolidated earnings results for the quarter ended September 30, 2024. The filing serves as a vehicle to furnish the press statement containing these financial results.
📋 Key Facts
- The company announced consolidated earnings for the quarter ending September 30, 2024.
- The announcement was made on October 17, 2024.
- Earnings results were released via a press statement (Exhibit 99.1).
Virginia National Bankshares Corporation announced a quarterly cash dividend of $0.33 per share. The dividend is scheduled to be paid on September 20, 2024, to shareholders of record as of September 6, 2024.
📋 Key Facts
- Quarterly cash dividend declared: $0.33 per share
- Record date: September 6, 2024
- Payment date: September 20, 2024
Virginia National Bankshares Corporation has filed an 8-K to furnish its consolidated earnings press statement for the second quarter ended June 30, 2024.
📋 Key Facts
- The filing was made on July 19, 2024.
- The report pertains to the consolidated earnings results for the quarter ending June 30, 2024.
- Earnings information is provided via a press statement furnished as Exhibit 99.1.
Virginia National Bankshares Corporation held its 2024 Annual Meeting of Shareholders on June 27, 2024. The meeting resulted in the election of 10 directors and the ratification of the company's independent auditor.
📋 Key Facts
- Annual Meeting held on June 27, 2024.
- Ten directors were elected to serve until the 2025 annual meeting via plurality vote.
- Shareholders approved executive compensation on an advisory (non-binding) basis.
- Yount, Hyde & Barbour, P.C. was ratified as the independent registered public accounting firm for 2024.
Virginia National Bankshares Corporation filed an 8-K to provide presentation slides for its Annual Meeting of Shareholders held on June 27, 2024. The filing is a routine disclosure under Item 7.01 (Regulation FD Disclosure) and does not contain material changes to corporate structure or finances.
📋 Key Facts
- Annual Meeting of Shareholders was scheduled for June 27, 2024, at 10:00 a.m. ET in Charlottesville, VA.
- The filing includes Exhibit 99.1, which contains the presentation slides used during the meeting.
- Disclosure is made pursuant to Item 7.01 (Regulation FD Disclosure) and is considered 'furnished' rather than 'filed' for purposes of Section 18.
Virginia National Bankshares Corporation announced a quarterly cash dividend of $0.33 per share. The dividend is scheduled to be paid on June 28, 2024, to shareholders of record as of June 14, 2024.
📋 Key Facts
- Quarterly cash dividend declared: $0.33 per share
- Record date for dividend: June 14, 2024
- Payment date for dividend: June 28, 2024
Virginia National Bankshares Corporation (VABK) filed an 8-K to furnish its consolidated earnings press statement for the quarter ended March 31, 2024.
📋 Key Facts
- Report date: April 23, 2024
- Reporting period: Quarter ended March 31, 2024
- The filing is a standard earnings release under Item 2.02
- Information furnished is not considered 'filed' for purposes of Section 18 of the Exchange Act
Virginia National Bankshares Corporation announced a quarterly cash dividend of $0.33 per share. The dividend is scheduled to be paid on March 28, 2024, to shareholders of record as of March 14, 2024.
📋 Key Facts
- Quarterly cash dividend declared: $0.33 per share
- Record date for dividend: March 14, 2024
- Payment date for dividend: March 28, 2024
- Board of Directors approval occurred on February 28, 2024
Virginia National Bankshares Corporation issued an 8-K to furnish its consolidated earnings press statement for the quarter and full-year ended December 31, 2023.
📋 Key Facts
- Report date: January 26, 2024
- Period covered: Quarter and full-year ended December 31, 2023
- The filing is for the purpose of furnishing financial results via a press statement (Exhibit 99.1)
- Information is furnished but not 'filed' under Section 18 of the Exchange Act