Virginia National Bankshares Q4 profit rises 30% on lower interest expense
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Virginia National Bankshares reported a 30% increase in Q4 profit, with net income rising to $6.0 million from $4.6 million last year. The bank attributed this growth to decreased interest expenses and steady yields on earning assets. Q4 net interest income rose by 9.1% year-over-year, and the company declared a quarterly dividend of $0.36 per share. No specific guidance for future quarters was provided. Key metrics included Q4 EPS of $1.10 and net income of $5.96 million.
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