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
Q3 2024
P/E
14.03
Nov 29, 2024 EST
Free Cash Flow
$12.04M
TTM

Revenues

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

No data

Gross Profit

No data

Gross Profit Margin

No data

Gross Profit

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
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

No data

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

No data

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

No data

Operating Expenses Total

Operating Profits/Loss

No data

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 %

No data

Other Expense/Income

No data

Interest & Other Expense/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
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

No data

Cash & Equivalents

Cash To Operating Expenses Ratio

No data

Inventory

No data

Receivables

No data

Total Short-Term Assets

No data

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

No data

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

No data

Short-Term Debt

Long Term Debt Due

No data

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

No data

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

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

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
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

Dividends

No data

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.