Virginia National Bankshares Corporation Announces First Quarter Financial Results
CHARLOTTESVILLE, Va., April 30, 2021 /PRNewswire/ -- Virginia National Bankshares Corporation (NASDAQ:VABK) (the "Company") today reported net income of $1.5 million, or $0.55 per diluted share, for the quarter ended March 31, 2021, which is a 7.2% increase compared to net income of $1.4 million, or $0.52 per diluted share, recognized for the quarter ended March 31, 2020.
"We are pleased to post another strong first quarter and solid asset quality ratios," said Glenn W. Rust, President and Chief Executive Officer. "This was done in spite of incurring $278 thousand in merger