VABK Q2 2026 net income doubles to $9.0M (+112.6%) on $4.7M partnership sale gain

Filed August 13, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 12, 2025 · ~2 min read

Key Changes

• high

  Net income surged 112.6% to $9.0M in Q2 2026 (diluted EPS $1.65, +111.5%), driven by a $4.7M one-time gain on the sale of a limited partnership interest in Bearing Insurance Group. The gain boosted ROAA to 2.24% (vs 1.05% prior year) and ROAE to 18.81% (vs 10.05%).

  MD&A: Bearing partnership sale verify on EDGAR →
• high

  Net interest margin (FTE) expanded 25 basis points to 3.65% in Q2 2026, driven by an 11 bp decline in deposit costs (2.12% vs 2.23% prior year) and $590K lower interest expense. Year-to-date margin improved 18 bps to 3.52%.

  MD&A: Net interest margin verify on EDGAR →
• medium

  Loan originations accelerated to $85M in H1 2026 (vs $58M in H1 2025), including $64M organic and $21M purchased government-guaranteed loans, but payoffs and amortization fully offset new production, leaving total loans flat at $1.2B.

  MD&A: Loan originations vs. payoffs verify on EDGAR →