$VABK 8-K earnings — Q2 FY26

EPS of $1.65 crushed the year-ago $0.78, a 112% jump, though no consensus estimate was provided. Revenue quality improved as net interest margin expanded 25bps to 3.65% and efficiency ratio dropped to 41.6% from 61.2%. The key nuance: the $9.0M net income included a gain from selling a limited partnership interest in Bearing Insurance Group, which inflated results—core operating trends still show strong cost control and margin expansion.

EPS of $1.65 crushed the year-ago $0.78, a 112% jump, though no consensus estimate was provided. Revenue quality improved as net interest margin expanded 25bps to 3.65% and efficiency ratio dropped to 41.6% from 61.2%. The key nuance: the $9.0M net income included a gain from selling a limited partnership interest in Bearing Insurance Group, which inflated results—core operating trends still show strong cost control and margin expansion.