Complete financial analysis of Old Point Financial Corporation (OPOF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Old Point Financial Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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Old Point Financial Corporation (OPOF)
About Old Point Financial Corporation
Old Point Financial Corporation operates as the bank holding company for The Old Point National Bank of Phoebus that provides consumer, mortgage, and business banking services for individual and commercial customers in Virginia. The company offers deposit products, including interest-bearing transaction accounts, money market deposit accounts, savings accounts, time deposits, and demand deposits. It also provides real estate construction, commercial, and mortgage loans, such as residential 1-4 family mortgages, multi-family and second mortgages, and equity lines of credit; and other loans, as well as cash management services. In addition, the company offers retirement planning, estate planning, financial planning, estate and trust administration, retirement plan administration, tax, and investment management services; and insurance products and wealth management services. It operates 14 branches in the Hampton Roads localities of Hampton, Newport News, Norfolk, Virginia Beach, Chesapeake, Williamsburg/James City County, York County, and Isle of Wight County; a loan production office in Richmond, Virginia; and a mortgage loan origination office in Charlotte, North Carolina. The company was founded in 1922 and is headquartered in Hampton, Virginia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 59.47M | 55.72M | 53.68M | 48.50M | 47.90M | 46.56M | 43.43M | 40.33M | 39.80M | 39.08M | 37.92M | 41.77M | 41.73M | 43.55M | 39.97M | 40.22M | 38.16M | 36.02M | 34.53M | 33.81M | 30.99M | 29.30M | 25.49M | 22.62M | 21.01M | 5.56M | 4.87M | 4.74M | 4.67M | 4.19M | 4.27M | 6.35M |
| Cost of Revenue | -3.02M | 3.73M | 3.63M | 3.37M | 2.65M | 2.49M | 2.77M | 2.36M | 1.62M | 2.04M | 0.00 | 0.00 | 0.00 | 1.83M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 62.49M | 51.99M | 50.05M | 45.13M | 45.24M | 44.07M | 40.66M | 37.97M | 38.18M | 37.04M | 37.92M | 41.77M | 41.73M | 41.72M | 39.97M | 40.22M | 38.16M | 36.02M | 34.53M | 33.81M | 30.99M | 29.30M | 25.49M | 22.62M | 21.01M | 5.56M | 4.87M | 4.74M | 4.67M | 4.19M | 4.27M | 6.35M |
| Gross Profit Ratio | 105.08% | 93.31% | 93.24% | 93.05% | 94.46% | 94.66% | 93.63% | 94.16% | 95.94% | 94.78% | 100.00% | 100.00% | 100.00% | 95.81% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 31.43M | 28.05M | 26.08M | 26.17M | 24.82M | 24.03M | 25.49M | 21.31M | 22.67M | 22.20M | 21.36M | 22.46M | 23.43M | 23.41M | 22.53M | 17.04M | 15.93M | 15.19M | 14.38M | 13.20M | 12.11M | 11.08M | 10.12M | 9.34M | 8.68M | 7.80M | 7.67M | 7.41M | 7.18M | 7.05M | 6.81M | 5.95M |
| Selling & Marketing | 13.11M | 473.00K | 370.00K | 381.00K | 552.00K | 611.00K | 575.00K | 612.00K | 584.00K | 822.00K | 809.00K | 758.00K | 1.36M | 1.49M | 1.42M | 773.00K | 724.00K | 775.00K | 748.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 44.54M | 28.05M | 26.08M | 26.17M | 24.82M | 24.03M | 25.49M | 21.31M | 22.67M | 22.20M | 21.36M | 22.46M | 24.78M | 24.90M | 23.94M | 17.81M | 16.66M | 15.97M | 15.13M | 13.20M | 12.11M | 11.08M | 10.12M | 9.34M | 8.68M | 7.80M | 7.67M | 7.41M | 7.18M | 7.05M | 6.81M | 5.95M |
| Other Expenses | 0.00 | -13.03M | -70.02M | -68.76M | -63.77M | -62.56M | -8.33M | -7.91M | 0.00 | 0.00 | -59.06M | -63.72M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -46.67M | -23.06M | -19.11M | -12.01M | -8.91M | -9.79M | 5.52M | 3.67M | 2.71M | 822.00K | 297.00K | -454.00K | -193.00K |
| Operating Expenses | 44.54M | 43.58M | -43.94M | -42.59M | -38.96M | -35.99M | 30.02M | 26.87M | 28.23M | 28.07M | -37.70M | -41.26M | 448.00K | 654.00K | 619.00K | 773.00K | 724.00K | 775.00K | 748.00K | -33.47M | -10.95M | -8.04M | -1.89M | 425.00K | -1.11M | 13.31M | 11.34M | 10.11M | 8.00M | 7.35M | 6.35M | 5.76M |
| Cost & Expenses | 44.54M | 47.31M | -43.94M | -42.59M | -38.96M | -35.99M | 32.78M | 29.23M | 29.84M | 30.11M | -37.70M | -41.26M | 448.00K | 2.48M | 619.00K | 773.00K | 724.00K | 775.00K | 748.00K | -33.47M | -10.95M | -8.04M | -1.89M | 425.00K | -1.11M | 13.31M | 11.34M | 10.11M | 8.00M | 7.35M | 6.35M | 5.76M |
| Interest Income | 66.30M | 47.96M | 42.18M | 39.88M | 40.02M | 37.97M | 32.78M | 29.71M | 30.16M | 30.16M | 29.73M | 32.48M | 36.19M | 40.84M | 41.26M | 46.50M | 49.02M | 44.89M | 36.49M | 33.64M | 33.17M | 34.11M | 35.11M | 33.64M | 29.48M | 27.81M | 25.24M | 23.38M | 21.53M | 19.23M | 19.11M | 20.99M |
| Interest Expense | 18.43M | 3.61M | 3.46M | 5.29M | 6.42M | 4.97M | 3.01M | 2.57M | 3.63M | 3.85M | 4.68M | 5.77M | 6.72M | 9.98M | 14.32M | 19.01M | 23.35M | 20.28M | 12.32M | 9.25M | 9.64M | 11.96M | 16.16M | 16.71M | 13.86M | 12.70M | 10.68M | 10.09M | 9.53M | 7.63M | 7.74M | 10.00M |
| Depreciation & Amortization | 2.58M | 2.42M | 2.44M | 2.53M | 2.54M | 2.47M | 2.74M | 2.73M | 2.54M | 2.28M | 1.95M | 1.88M | 1.82M | 1.94M | 1.85M | 1.77M | 1.69M | 1.54M | 1.39M | 1.30M | 1.37M | 1.44M | 1.48M | 1.38M | 1.25M | 990.00K | 941.00K | 883.00K | 768.00K | 884.00K | 919.00K | 704.00K |
| EBITDA | 0.00 | 730.00K | 358.00K | 219.00K | 235.00K | 151.00K | 151.00K | 597.00K | 453.00K | 180.00K | 214.00K | 0.00 | 6.17M | 3.64M | 7.19M | 11.21M | 12.82M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.00% | 25.46% | 22.68% | 17.39% | 23.97% | 27.14% | 12.96% | 22.95% | 24.78% | 26.71% | 26.75% | 30.74% | 30.87% | 31.27% | 45.21% | 75.13% | 94.80% | 87.31% | 68.36% | 66.07% | 69.08% | 77.48% | 98.36% | 107.96% | 100.67% | 357.18% | 351.93% | 332.14% | 287.75% | 296.58% | 270.22% | 201.78% |
| Operating Income | 14.93M | 11.76M | 9.74M | 5.91M | 8.94M | 10.17M | 151.00K | 597.00K | 453.00K | 180.00K | 214.00K | 506.00K | 325.00K | 449.00K | 401.00K | 236.00K | 486.00K | 539.00K | 522.00K | 346.00K | 20.04M | 21.26M | 23.60M | 23.05M | 19.90M | 18.87M | 16.21M | 14.85M | 12.67M | 11.53M | 10.63M | 12.11M |
| Operating Income Ratio | 25.10% | 21.11% | 18.14% | 12.19% | 18.67% | 21.84% | 0.35% | 1.48% | 1.14% | 0.46% | 0.56% | 1.21% | 0.78% | 1.03% | 1.00% | 0.59% | 1.27% | 1.50% | 1.51% | 1.02% | 64.66% | 72.57% | 92.57% | 101.88% | 94.73% | 339.38% | 332.62% | 313.49% | 271.31% | 275.47% | 248.71% | 190.70% |
| Total Other Income/Expenses | -5.87M | -5.11M | 9.38M | -5.43M | 8.71M | -4.92M | -2.74M | -4.37M | -4.80M | -4.12M | -4.63M | 4.68M | -2.14M | -2.39M | -5.70M | -2.00M | -2.17M | 0.00 | 0.00 | 0.00 | -9.64M | -11.96M | -16.16M | -16.71M | -13.86M | -12.70M | -10.68M | -10.09M | -9.53M | -7.63M | -7.74M | -10.00M |
| Income Before Tax | 9.06M | 10.58M | 9.74M | 5.91M | 8.94M | 5.20M | -126.00K | 3.75M | 3.69M | 4.31M | 3.51M | 5.18M | 4.35M | 1.70M | 1.89M | 9.44M | 11.14M | 9.63M | 9.90M | 11.79M | 10.40M | 9.31M | 7.44M | 6.34M | 6.04M | 6.17M | 5.53M | 4.75M | 3.14M | 3.91M | 2.88M | 2.11M |
| Income Before Tax Ratio | 15.24% | 18.99% | 18.14% | 12.19% | 18.67% | 11.16% | -0.29% | 9.30% | 9.27% | 11.03% | 9.26% | 12.41% | 10.43% | 3.89% | 4.74% | 23.48% | 29.18% | 26.75% | 28.66% | 34.87% | 33.54% | 31.77% | 29.20% | 28.03% | 28.74% | 111.01% | 113.48% | 100.38% | 67.22% | 93.36% | 67.46% | 33.28% |
| Income Tax Expense | 1.33M | 1.47M | 1.30M | 521.00K | 1.08M | 279.00K | -97.00K | 82.00K | 54.00K | 196.00K | 348.00K | 995.00K | 1.06M | 149.00K | 211.00K | 2.65M | 3.17M | 2.61M | 2.63M | 3.21M | 2.57M | 2.26M | 1.73M | 1.21M | 1.22M | 1.54M | 1.44M | 1.31M | 797.00K | 1.14M | 667.00K | 376.00K |
| Net Income | 7.73M | 9.11M | 8.44M | 5.39M | 7.86M | 4.92M | -29.00K | 3.67M | 3.63M | 4.12M | 3.16M | 4.19M | 3.29M | 1.55M | 1.68M | 6.79M | 7.97M | 7.02M | 7.27M | 8.58M | 7.83M | 7.05M | 5.71M | 5.13M | 4.82M | 4.64M | 4.09M | 3.45M | 2.34M | 2.77M | 2.22M | 1.74M |
| Net Income Ratio | 13.00% | 16.35% | 15.72% | 11.11% | 16.41% | 10.57% | -0.07% | 9.10% | 9.13% | 10.53% | 8.34% | 10.03% | 7.88% | 3.55% | 4.21% | 16.88% | 20.88% | 19.50% | 21.05% | 25.38% | 25.25% | 24.07% | 22.40% | 22.69% | 22.95% | 83.37% | 83.91% | 72.74% | 50.15% | 66.23% | 51.85% | 27.36% |
| EPS | 1.54 | 1.80 | 1.61 | 1.03 | 1.51 | 0.96 | -0.01 | 0.77 | 0.73 | 0.83 | 0.64 | 0.84 | 0.66 | 0.31 | 0.34 | 1.39 | 1.61 | 1.41 | 1.45 | 1.72 | 1.58 | 1.44 | 1.18 | 1.06 | 1.00 | 0.96 | 0.85 | 1.45 | 0.98 | 1.17 | 0.94 | 0.75 |
| EPS Diluted | 1.54 | 1.80 | 1.61 | 1.03 | 1.51 | 0.96 | -0.01 | 0.77 | 0.73 | 0.83 | 0.64 | 0.84 | 0.66 | 0.31 | 0.34 | 1.38 | 1.59 | 1.39 | 1.42 | 1.68 | 1.54 | 1.42 | 1.17 | 1.06 | 0.99 | 0.95 | 0.85 | 1.45 | 0.98 | 1.17 | 0.94 | 0.75 |
| Weighted Avg Shares Out | 5.03M | 5.07M | 5.24M | 5.22M | 5.20M | 5.14M | 4.99M | 4.96M | 4.96M | 4.96M | 4.96M | 4.96M | 4.95M | 4.93M | 4.91M | 4.90M | 4.96M | 4.99M | 5.02M | 5.00M | 4.95M | 4.89M | 4.86M | 4.86M | 4.84M | 4.82M | 4.80M | 2.39M | 2.39M | 2.36M | 2.34M | 2.31M |
| Weighted Avg Shares Out (Dil) | 5.03M | 5.07M | 5.24M | 5.22M | 5.20M | 5.14M | 4.99M | 4.96M | 4.96M | 4.96M | 4.96M | 4.96M | 4.95M | 4.93M | 4.94M | 4.94M | 5.00M | 5.06M | 5.12M | 5.11M | 5.10M | 4.99M | 4.90M | 4.94M | 4.85M | 4.87M | 4.83M | 2.39M | 2.39M | 2.36M | 2.34M | 2.31M |
Old Point Financial Corporation Announces Quarterly Dividend
HAMPTON, Va., Nov. 20, 2024 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on December 27, 2024 to shareholders of record as of December 4, 2024.
OLD POINT ANNOUNCES APPOINTMENT OF CATHY W. LILES AS CHIEF FINANCIAL OFFICER
HAMPTON, Va. , Nov. 8, 2024 /PRNewswire/ -- Cathy W.
Old Point Releases Third Quarter 2024 Results
HAMPTON, Va. , Oct. 24, 2024 /PRNewswire/ -- Old Point Financial Corporation (the "Company" or "Old Point") (NASDAQ "OPOF") reported net income of $2.4 million with diluted earnings per common share of $0.47 for the third quarter of 2024 compared to...
Old Point Financial Corporation Announces Quarterly Dividend
HAMPTON, Va. , Aug. 21, 2024 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on September 27, 2024 to shareholders of record as of September 4,...
Old Point Releases Second Quarter 2024 Results
HAMPTON, Va. , July 25, 2024 /PRNewswire/ -- Old Point Financial Corporation (the "Company" or "Old Point") (NASDAQ "OPOF") reported net income of $2.5 million with diluted earnings per common share of $0.50 for the second quarter of 2024 compared...
Old Point Financial Corporation Announces Quarterly Dividend
HAMPTON, Va., May 22, 2024 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on June 28, 2024 to shareholders of record as of June 5, 2024.
Old Point Releases First Quarter 2024 Results
HAMPTON, Va. , April 30, 2024 /PRNewswire/ -- Old Point Financial Corporation (the "Company" or "Old Point") (NASDAQ "OPOF") reported net income of $1.7 million and diluted earnings per common share of $0.34 for the first quarter of 2024 compared...
Old Point Financial Corporation Announces Quarterly Dividend
HAMPTON, Va. , Feb. 21, 2024 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on March 29, 2024 to shareholders of record as of March 6, 2024.
OLD POINT NATIONAL BANK ANNOUNCES STRATEGIC ALLIANCE WITH TIDEWATER HOME FUNDING
HAMPTON, Va. , Jan. 31, 2024 /PRNewswire/ -- Old Point National Bank (Old Point or the Bank) is proud to announce a strategic alliance with Tidewater Home Funding, LLC based in Chesapeake, Virginia.
Old Point Releases Fourth Quarter and Full Year 2023 Results
HAMPTON, Va. , Jan. 30, 2024 /PRNewswire/ -- Old Point Financial Corporation (the "Company" or "Old Point") (NASDAQ "OPOF") reported net income of $1.5 million and diluted earnings per common share of $0.29 for the fourth quarter of 2023, compared...
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