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Stock impact report

Old Point Releases First Quarter 2024 Results [Yahoo! Finance]

Old Point Financial Corporation (OPOF) 
Company Research Source: Yahoo! Finance
of $1.7 million and diluted earnings per common share of for the first quarter of 2024 compared to net income of $1.5 million and diluted earnings per common share of for the fourth quarter of 2023, and net income of $3.1 million and diluted earnings per common share of for the first quarter of 2023. Robert Shuford, Jr. , Chairman, President and CEO of the Company and Old Point National Bank (the "Bank") commented, "Old Point's first quarter results demonstrate that our strong balance sheet, outstanding credit culture, and high performing loan portfolio, have the Company positioned to withstand a challenging operating climate. The Company remains confident in continuing to create long term value for our shareholders while navigating this difficult environment. Our loan portfolio continues to perform exceptionally well. Overall, while others have experienced losses in their real estate portfolios, ours has had a net recovery in each of the past three calendar years. In addition, ou Show less Read more
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