Old Point Financial Corp - Understand $opof stock

$OPOF Market Cap: $113.8 Million

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Financial Snapshot

Revenue

$64.19M

TTM

Gross Margin

Net Earnings

$8.111M

TTM

Current Assets

Current Liabilities

$39.77M

Q3 2024

Current Ratio

Total Assets

$1.478B

Q3 2024

Total Liabilities

$1.363B

Q3 2024

Book Value

$115.5M

Q3 2024

Cash

$176.9M

Q3 2024

P/E

14.03

Nov 29, 2024 EST

Free Cash Flow

$12.04M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	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	$80.50M	$61.55M	$57.14M	$54.71M	$54.32M	$51.53M
YoY Change	30.79%	7.72%	4.44%	0.72%	5.41%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018
Revenue	$80.50M	$61.55M	$57.14M	$54.71M	$54.32M	$51.53M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	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
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.100M	$2.100M	$2.100M	$2.100M	$2.220M	$2.470M	$2.740M	$2.730M	$2.540M	$2.280M	$1.950M	$1.880M	$1.820M	$1.940M	$1.850M	$1.770M	$1.690M	$1.590M	$1.400M	$1.270M	$1.330M	$1.360M	$1.430M	$1.310M	$1.170M	$990.0K	$940.0K	$880.0K	$770.0K	$880.0K	$920.0K	$700.0K
YoY Change	0.0%	0.0%	0.0%	-5.41%	-10.12%	-9.85%	0.37%	7.48%	11.4%	16.92%	3.72%	3.3%	-6.19%	4.86%	4.52%	4.73%	6.29%	13.57%	10.24%	-4.51%	-2.21%	-4.9%	9.16%	11.97%	18.18%	5.32%	6.82%	14.29%	-12.5%	-4.35%	31.43%
% of Gross Profit
Operating Expenses	$71.44M	$50.97M	$47.40M	$48.80M	$45.38M	$46.33M
YoY Change	40.16%	7.52%	-2.86%	7.53%	-2.05%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018
Interest Expense	$18.43M	$3.605M	$3.458M	$5.292M	$6.422M	$4.969M
YoY Change	411.15%	4.25%	-34.66%	-17.6%	29.24%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	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
Pretax Income	$9.064M	$10.58M	$9.736M	$5.910M	$8.940M	$5.198M	-$130.0K	$3.960M	$3.690M	$4.310M	$3.510M	$5.180M	$4.350M	$1.700M	$1.890M	$9.440M	$11.14M	$9.630M	$9.900M	$11.79M	$10.40M	$9.310M	$7.440M	$6.340M	$6.040M	$6.170M	$5.530M	$4.750M	$3.140M	$3.910M	$2.880M	$2.110M
YoY Change	-14.35%	8.69%	64.74%	-33.89%	71.99%	-4098.46%	-103.28%	7.32%	-14.39%	22.79%	-32.24%	19.08%	155.88%	-10.05%	-79.98%	-15.26%	15.68%	-2.73%	-16.03%	13.37%	11.71%	25.13%	17.35%	4.97%	-2.11%	11.57%	16.42%	51.27%	-19.69%	35.76%	36.49%
Income Tax	$1.334M	$1.474M	$1.296M	$521.0K	$1.080M	$279.0K	-$1.320M	$160.0K	$50.00K	$200.0K	$350.0K	$1.000M	$1.060M	$150.0K	$210.0K	$2.650M	$3.170M	$2.610M	$2.630M	$3.210M	$2.570M	$2.260M	$1.730M	$1.210M	$1.220M	$1.540M	$1.440M	$1.310M	$800.0K	$1.140M	$670.0K	$380.0K
% Of Pretax Income	14.72%	13.93%	13.31%	8.82%	12.08%	5.37%		4.04%	1.36%	4.64%	9.97%	19.31%	24.37%	8.82%	11.11%	28.07%	28.46%	27.1%	26.57%	27.23%	24.71%	24.27%	23.25%	19.09%	20.2%	24.96%	26.04%	27.58%	25.48%	29.16%	23.26%	18.01%
Net Earnings	$7.730M	$9.108M	$8.440M	$5.389M	$7.860M	$4.919M	-$30.00K	$3.800M	$3.630M	$4.120M	$3.160M	$4.190M	$3.290M	$1.550M	$1.680M	$6.790M	$7.970M	$7.020M	$7.270M	$8.580M	$7.830M	$7.050M	$5.710M	$5.130M	$4.820M	$4.640M	$4.090M	$3.450M	$2.340M	$2.770M	$2.220M	$1.740M
YoY Change	-15.13%	7.91%	56.62%	-31.44%	59.79%	-16496.67%	-100.79%	4.68%	-11.89%	30.38%	-24.58%	27.36%	112.26%	-7.74%	-75.26%	-14.81%	13.53%	-3.44%	-15.27%	9.58%	11.06%	23.47%	11.31%	6.43%	3.88%	13.45%	18.55%	47.44%	-15.52%	24.77%	27.59%
Net Earnings / Revenue	9.6%	14.8%	14.77%	9.85%	14.47%	9.55%
Basic Earnings Per Share	$1.54	$1.80	$1.61	$1.03	$1.51	$0.96
Diluted Earnings Per Share	$1.54	$1.80	$1.61	$1.03	$1.51	$0.96	-$6.012K	$766.1K	$731.9K	$830.6K	$637.1K	$844.8K	$664.6K	$314.4K	$340.1K	$1.374M	$1.594M	$1.387M	$1.420M	$1.679M	$1.535M	$1.413M	$1.165M	$1.058M	$993.8K	$952.8K	$846.8K	$723.3K	$490.6K	$585.6K	$474.4K	$375.8K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	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
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$29.91M	$31.01M	$33.20M	$35.00M	$35.70M	$39.90M	$40.70M	$39.30M	$41.30M	$42.10M	$40.50M	$32.50M	$30.30M	$29.60M	$30.40M	$27.10M	$27.00M	$26.40M	$21.30M	$18.50M	$14.20M	$13.30M	$14.40M	$15.10M	$14.30M	$12.10M	$9.700M	$9.400M	$8.300M	$7.400M	$8.100M	$8.000M
YoY Change	-3.53%	-6.6%	-5.14%	-1.96%	-10.53%	-1.97%	3.56%	-4.84%	-1.9%	3.95%	24.62%	7.26%	2.36%	-2.63%	12.18%	0.37%	2.27%	23.94%	15.14%	30.28%	6.77%	-7.64%	-4.64%	5.59%	18.18%	24.74%	3.19%	13.25%	12.16%	-8.64%	1.25%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$344.0K	$987.0K	$900.0K	$0.00		$3.800M	$3.300M	$5.000M	$4.400M	$5.600M	$8.000M
YoY Change	-65.15%	9.67%				15.15%	-34.0%	13.64%	-21.43%	-30.0%
Total Long-Term Assets
YoY Change
Total Assets	$1.446B	$1.355B	$1.338B	$1.226B	$1.055B	$1.038B	$981.8M	$903.0M	$896.8M	$876.3M	$864.3M	$907.5M	$849.5M	$886.8M	$921.4M	$835.0M	$822.6M	$847.5M	$740.0M	$686.3M	$645.9M	$576.6M	$518.8M	$477.1M	$436.3M	$404.1M	$348.7M	$316.3M	$304.3M	$277.7M	$273.9M	$268.7M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$7.706M	$8.579M	$5.800M	$5.300M	$4.800M	$4.700M	$3.700M	$5.800M	$6.200M	$3.300M	$1.500M	$2.200M	$1.300M	$1.200M
YoY Change	-10.18%	47.91%	9.43%	10.42%	2.13%	27.03%	-36.21%	-6.45%	87.88%	120.0%	-31.82%	69.23%	8.33%
Deferred Revenue
YoY Change
Short-Term Debt	$32.05M	$45.90M	$5.000M	$35.20M	$11.50M	$25.80M	$30.70M	$18.70M	$26.00M	$37.80M	$31.60M	$37.20M	$36.50M	$90.40M	$110.4M	$33.30M	$64.20M	$57.10M	$50.60M	$48.90M	$39.80M	$27.30M	$28.70M	$29.10M	$26.20M	$19.50M	$24.20M	$19.40M	$16.30M	$14.90M	$12.90M	$11.90M
YoY Change	-30.18%	818.06%	-85.8%	206.09%	-55.43%	-15.96%	64.17%	-28.08%	-31.22%	19.62%	-15.05%	1.92%	-59.62%	-18.12%	231.53%	-48.13%	12.43%	12.85%	3.48%	22.86%	45.79%	-4.88%	-1.37%	11.07%	34.36%	-19.42%	24.74%	19.02%	9.4%	15.5%	8.4%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$39.76M	$8.579M	$5.800M	$5.300M	$4.800M	$4.700M	$3.700M	$5.800M	$6.200M	$3.300M	$1.500M	$2.200M	$1.300M	$1.200M	$110.4M	$33.30M	$64.20M	$57.10M	$50.60M	$48.90M	$39.80M	$27.30M	$28.70M	$29.10M	$26.20M	$19.50M	$24.20M	$19.40M	$16.30M	$14.90M	$12.90M	$11.90M
YoY Change	363.42%	47.91%	9.43%	10.42%	2.13%	27.03%	-36.21%	-6.45%	87.88%	120.0%	-31.82%	69.23%	8.33%	-98.91%	231.53%	-48.13%	12.43%	12.85%	3.48%	22.86%	45.79%	-4.88%	-1.37%	11.07%	34.36%	-19.42%	24.74%	19.02%	9.4%	15.5%	8.4%
Long-Term Debt	$29.67M	$29.54M	$29.40M	$1.400M	$2.000M	$2.600M	$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
YoY Change	0.44%	0.47%	2000.0%	-30.0%	-23.08%
Other Long-Term Liabilities															$1.900M	$2.300M	$2.500M	$2.400M	$1.600M	$1.000M	$2.400M	$2.200M	$1.900M	$1.700M	$1.400M	$1.200M	$1.000M	$1.000M	$1.100M	$1.000M	$900.0K	$1.100M
YoY Change															-17.39%	-8.0%	4.17%	50.0%	60.0%	-58.33%	9.09%	15.79%	11.76%	21.43%	16.67%	20.0%	0.0%	-9.09%	10.0%	11.11%	-18.18%
Total Long-Term Liabilities	$29.67M	$29.54M	$29.40M	$1.400M	$2.000M	$2.600M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.900M	$2.300M	$2.500M	$2.400M	$1.600M	$1.000M	$2.400M	$2.200M	$1.900M	$1.700M	$1.400M	$1.200M	$1.000M	$1.000M	$1.100M	$1.000M	$900.0K	$1.100M
YoY Change	0.44%	0.47%	2000.0%	-30.0%	-23.08%									-100.0%	-17.39%	-8.0%	4.17%	50.0%	60.0%	-58.33%	9.09%	15.79%	11.76%	21.43%	16.67%	20.0%	0.0%	-9.09%	10.0%	11.11%	-18.18%
Total Liabilities	$1.340B	$1.257B	$1.217B	$1.109B	$944.7M	$936.2M	$885.4M	$809.0M	$803.6M	$787.8M	$783.5M	$818.2M	$763.6M	$805.9M	$839.8M	$752.1M	$742.9M	$772.9M	$668.9M	$617.1M	$582.6M	$518.5M	$467.8M	$430.6M	$395.5M	$364.1M	$312.3M	$283.9M	$273.9M	$251.5M	$248.0M	$244.5M
YoY Change	6.61%	3.23%	9.77%	17.39%	0.91%	5.74%	9.44%	0.67%	2.01%	0.55%	-4.24%	7.15%	-5.25%	-4.04%	11.66%	1.24%	-3.88%	15.55%	8.39%	5.92%	12.36%	10.84%	8.64%	8.87%	8.62%	16.59%	10.0%	3.65%	8.91%	1.41%	1.43%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018
Basic Shares Outstanding	5.025M	5.071M	5.238M	5.216M	5.197M	5.141M
Diluted Shares Outstanding	5.025M	5.071M	5.238M	5.216M	5.197M	5.141M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $113.79 Million

About OLD POINT FINANCIAL CORP

Old Point Financial Corp. operates as a bank holding company, which engages in the provision of banking services through its subsidiaries. The company is headquartered in Hampton, Virginia and currently employs 291 full-time employees. (the Wealth). The Bank serves individual and commercial customers in the Hampton Roads region of Virginia. The company has over 14 branch offices, serving the Hampton Roads localities of Hampton, Newport News, Norfolk, Virginia Beach, Chesapeake, Williamsburg/James City County, York County, and Isle of Wight County. The Bank offers a full range of deposit and loan products to its retail and commercial customers, including mortgage loan products offered through Old Point Mortgage. The company offers insurance products through Old Point Insurance, LLC in partnership with Morgan Marrow Company. The Wealth offers a full range of services for individuals and businesses, including retirement planning, estate planning, financial planning, estate and trust administration, retirement plan administration, tax services and investment management services.

Industry: National Commercial Banks Peers: Avidbank Holdings, Inc. FIRST COMMUNITY CORP /SC/ First Financial Northwest, Inc. FRANKLIN FINANCIAL SERVICES CORP /PA/ Hanover Bancorp, Inc. /NY PEOPLES BANCORP OF NORTH CAROLINA INC OHIO VALLEY BANC CORP PNC FINANCIAL SERVICES GROUP, INC. RIVERVIEW BANCORP INC SALISBURY BANCORP, INC.