VABK Files 8-K on Financial Results and Condition
Ticker: VABK · Form: 8-K · Filed: Jan 26, 2024 · CIK: 1572334
Complexity: simple
Sentiment: neutral
Topics: earnings, financial-results, 8-K, bank
TL;DR
**VABK just dropped an 8-K on financial results, get ready for earnings analysis.**
AI Summary
Virginia National Bankshares Corp (VABK) filed an 8-K on January 26, 2024, to report its financial results and condition. This filing, under Items 2.02 and 9.01, indicates the company is providing an update on its operations. For investors, this means VABK is releasing its latest financial performance data, which is crucial for evaluating the company's health and future prospects, potentially impacting stock valuation.
Why It Matters
This filing signals the release of Virginia National Bankshares Corp's latest financial performance, which is essential for investors to assess the company's profitability and stability.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results and does not inherently introduce new risks, but rather provides data to assess existing ones.
Analyst Insight
A smart investor would review the full financial statements and exhibits once they are publicly available to understand the specifics of Virginia National Bankshares Corp's performance and adjust their investment thesis accordingly.
Key Players & Entities
- Virginia National Bankshares Corp (company) — the registrant filing the 8-K
- VABK (company) — the trading symbol for Virginia National Bankshares Corp
- January 26, 2024 (date) — the date of the earliest event reported in the 8-K
- 404 People Place (company) — the business address of Virginia National Bankshares Corp
- Charlottesville, Virginia (company) — the city and state of Virginia National Bankshares Corp's principal executive offices
FAQ
What is the purpose of this 8-K filing by Virginia National Bankshares Corp?
The purpose of this 8-K filing by Virginia National Bankshares Corp is to report on 'Results of Operations and Financial Condition' under Item 2.02 and 'Financial Statements and Exhibits' under Item 9.01, indicating the release of their latest financial performance data.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 26, 2024, as stated in the 'Date of Report (Date of earliest event reported)' section.
What is the trading symbol for Virginia National Bankshares Corp?
The trading symbol for Virginia National Bankshares Corp is VABK, and its Common Stock is registered on The Nasdaq Stock Market LLC.
Where are the principal executive offices of Virginia National Bankshares Corp located?
The principal executive offices of Virginia National Bankshares Corp are located at 404 People Place, Charlottesville, Virginia, 22911.
Under which SEC Act is this 8-K filed?
This 8-K is filed under the Securities Exchange Act of 1934, as indicated by 'Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934'.
Filing Stats: 504 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2024-01-26 08:30:30
Filing Documents
- vabk-20240126.htm (8-K) — 39KB
- vabk-ex99_1.htm (EX-99.1) — 1207KB
- img2203825_0.jpg (GRAPHIC) — 49KB
- 0000950170-24-007711.txt ( ) — 1465KB
- vabk-20240126.xsd (EX-101.SCH) — 23KB
- vabk-20240126_htm.xml (XML) — 4KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On January 26, 2024, Virginia National Bankshares Corporation (the “Company”) issued a press statement announcing the consolidated earnings for the quarter and full-year ended December 31, 2023. A copy of the press statement is furnished as Exhibit 99.1 to this Form 8-K and incorporated herein by reference. The information in this Form 8-K, and the exhibit hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 99.1 Press statement issued by Virginia National Bankshares Corporation on January 26, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. VIRGINIA NATIONAL BANKSHARES CORPORATION Date: January 26, 2024 By: /s/ Tara Y. Harrison Tara Y. Harrison Executive Vice President and Chief Financial Officer