Virginia National Bankshares
Income Statement

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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Virginia National Bankshares's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 12% to $56,876,000. Profit margin reached 34%. Total operating expenses were $26,205,000.

Profit Margin

Virginia National Bankshares Corporation (NASDAQ:VABK): Profit margin
2014 20.05M 1.89M 9.47%
2015 21.31M 3.20M 15.06%
2016 23.75M 5.74M 24.19%
2017 27.25M 6.55M 24.05%
2018 28.42M 8.47M 29.8%
2019 27.47M 6.68M 24.35%
2020 30.44M 7.97M 26.21%
2021 55.45M 10.07M 18.16%
2022 64.40M 23.43M 36.39%
2023 56.87M 19.26M 33.87%

VABK Income Statement (2014 – 2023)

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue
Revenue
56.87M64.40M55.45M30.44M27.47M28.42M27.25M23.75M21.31M20.05M
Cost of revenue
00000207K283K305K434K349K
Gross profit
56.87M64.40M55.45M30.44M27.47M28.21M26.97M23.45M20.87M19.70M
Operating exp.
Research and development
0000000000
Selling and marketing
1.09M1.22M922K409K539K715K472K389K505K774K
Total operating expenses
26.20M2.58M-43.53M-20.40M-19.25M-14.89M-14.78M-14.16M-15.58M-16.42M
Operating income
23.27M31.73M11.91M10.04M8.21M13.32M12.19M9.28M5.29M3.28M
Other income (expenses), net
0-3.18M11.91M-3.94M8.21M-2.79M0-937K0-4.82M
Income before tax
23.27M28.54M11.91M10.04M8.21M10.53M10.95M8.35M4.45M2.35M
Income tax expense
4.01M5.10M1.90M2.06M1.52M2.06M4.40M2.60M1.24M456K
Net income
19.26M23.43M10.07M7.97M6.68M8.47M6.55M5.74M3.20M1.89M
Earnings per share
Basic EPS
3.64.42.162.952.493.182.492.21.150.63
Diluted EPS
3.584.382.142.952.493.152.462.191.140.63
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