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Stock impact report

VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES 2023 FOURTH QUARTER AND FULL YEAR EARNINGS [Yahoo! Finance]

Virginia National Bankshares Corporation (VABK) 
NASDAQ:AMEX Investor Relations: vnb.com/index.php/investors/investor-relations
Company Research Source: Yahoo! Finance
net income of $3.2 million , or per diluted share, for the quarter ended December 31, 2023, compared to $7.1 million , or per diluted share, recognized for the quarter ended December 31, 2022. For the twelve months ended December 31, 2023, the Company recognized net income of $19.3 million , or per diluted share, compared to $23.4 million , or per diluted share, for the twelve months ended December 31, 2022. Gross loans outstanding as of December 31, 2023 totaled $1.1 billion , an increase of $156.3 million , or 16.7%, compared to December 31, 2022 and an increase of $72.1 million , or 7.1%, compared to September 30, 2023 2023 Fourth Quarter and Full Year Highlights The Company continued to experience loan growth in the fourth quarter of 2023, resulting in a 7.1% increase from the prior quarter and 16.7% over the prior year-end. Yield on loans elevated to 5.47% for the three months ended December 31, 2023 , from 5.00% for the prior year same period and increased to 5.72% for the Show less Read more
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