Virginia National Bankshares Corporation Reports Net Income of $5.8 Million for the First Quarter of 2023

Virginia National Bankshares Corporation,(VABK) a leading financial institution, has announced its financial results for the first quarter of 2023. The company reported a net income of $5.8 million, reflecting a strong performance during the period. Additionally, the revenue for the quarter amounted to $16.4 million, indicating a positive growth trajectory for the organization.

Solid Net Income Performance

Virginia National Bankshares Corporation achieved a net income of $5.8 million during the first quarter of 2023. This result highlights the company's ability to generate profits and underscores its sound financial position. Compared to the same period last year, the net income has increased by $867,000, demonstrating the company's continued growth and success.

Positive Revenue Growth