Old Point Financial Corp (OQ:OPOF)

Feb 21, 2024 03:10 pm ET
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. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $17.10 on February 20, 2024, the annual dividend yield is approximately 3.3%. 
Jan 31, 2024 12:45 pm ET
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. As a part of this alliance, Old Point will transition the processing of mortgage loans to Tidewater Home Funding. Old Point will maintain the branding of its mortgage division as Old Point Mortgage and will continue to underwrite and service select portfolio mortgage products through its retail and private banking arms. This alliance will also allow Old Point to expand its mortgage product offerin
Jan 30, 2024 03:33 pm ET
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 to net income of $2.6 million and diluted earnings per common share of $0.53 for the fourth quarter of 2022. Net income for the year ended December 31, 2023, was $7.7 million with diluted earnings per common share of $1.54, compared to $9.1 million of net income with diluted earnings per common share of $1.80 for the year ended December 31, 2022.
Dec 26, 2023 01:00 pm ET
OLD POINT FINANCIAL CORPORATION ANNOUNCES RETIREMENT OF DR. ARTHUR D. GREENE FROM BOARD OF DIRECTORS
HAMPTON, Va., Dec. 26, 2023 /PRNewswire/ -- Old Point Financial Corporation (the Company) announced that Dr. Arthur D. Greene is retiring from the Boards of Directors of the Company and its wholly-owned subsidiaries, The Old Point National Bank of Phoebus (the Bank) and Old Point Trust & Financial Services, N.A. (the Wealth Company) effective as of December 31, 2023. Dr. Greene joined the Boards of Directors of the Company, Bank, and the Wealth Company in 1994 and currently serves on the Company's Executive, Audit, and Nominating and Corporate Governance Committees. Throughout his servic
Nov 22, 2023 01:00 pm ET
Old Point Financial Corporation Declares Quarterly Dividend
HAMPTON, Va., Nov. 22, 2023 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on December 29, 2023 to shareholders of record as of December 6, 2023. This dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $17.75 on November 21, 2023, the annual dividend yield is approximately 3.15%. 
Oct 26, 2023 05:15 pm ET
Old Point Releases Third Quarter 2023 Results
HAMPTON, Va., Oct. 26, 2023 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $1.4 million and earnings per diluted common share of $0.27 for the third quarter of 2023 compared to net income of $2.5 million and earnings per diluted common share of $0.51 for the third quarter of 2022.  Net income for the nine months ended September 30, 2023 and 2022 was $6.2 million, or $1.24 earnings per diluted common share, and $6.5 million, or $1.27 earnings per diluted common share, respectively.
Oct 18, 2023 11:30 am ET
OLD POINT ANNOUNCES APPOINTMENT OF PAUL M. PICKETT AS CHIEF FINANCIAL OFFICER
HAMPTON, Va., Oct. 18, 2023 /PRNewswire/ -- Paul M. Pickett has been appointed Senior Vice President and Chief Financial Officer of Old Point Financial Corporation (NASDAQ: OPOF) and Executive Vice President and Chief Financial Officer of Old Point National Bank effective October 24, 2023.
Jul 27, 2023 01:00 pm ET
Old Point Releases Second Quarter 2023 Results
HAMPTON, Va., July 27, 2023 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $1.8 million and earnings per diluted common share of $0.36 for the second quarter of 2023 compared to net income of $1.9 million and earnings per diluted common share of $0.37 for the second quarter of 2022.  Net income for the six months ended June 30, 2023 and 2022 was $4.9 million, or $0.97 earnings per diluted common share, and $3.9 million, or $0.76 earnings per diluted common share, respectively.
May 17, 2023 02:00 pm ET
Old Point Financial Corporation Declares Quarterly Dividend
HAMPTON, Va., May 17, 2023 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on June 30, 2023 to shareholders of record as of June 7, 2023. This dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $15.00 on May 16, 2023, the dividend yield is approximately 3.7%. 
Apr 27, 2023 05:20 pm ET
Old Point Releases First Quarter 2023 Results
HAMPTON, Va., April 27, 2023 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $3.1 million and earnings per diluted common share of $0.62 for the first quarter of 2023 compared to net income of $2.0 million and earnings per diluted common share of $0.39 for the first quarter of 2022.
Mar 30, 2023 02:53 pm ET
OLD POINT NATIONAL BANK CELEBRATES 100 YEARS OF COMMUNITY BANKING
HAMPTON, Va., March 30, 2023 /PRNewswire/ -- Old Point National Bank (Old Point or the Bank) is proud to celebrate its centennial anniversary this year. It all started in the Phoebus neighborhood of Hampton, Virginia by locals who cared about their community and wanted to help area citizens and businesses. The first branch opened in 1923 and now Old Point National Bank operates 14 bank branches, 3 commercial lending offices, and 3 mortgage offices throughout the Hampton Roads and Richmond, Virginia areas with assets of $1.4 billion. The Bank has also grown into a larger family of financial s
Feb 17, 2023 01:09 pm ET
OLD POINT FINANCIAL CORPORATION ANNOUNCES RETIREMENT OF RUSSELL SMITH EVANS, JR. FROM BOARD OF DIRECTORS
HAMPTON, Va., Feb. 17, 2023 /PRNewswire/ -- Old Point Financial Corporation (the Company) announced that Russell Smith Evans, Jr. has decided to retire from the Boards of Directors of the Company and its wholly-owned national bank subsidiary, The Old Point National Bank of Phoebus (the Bank), at the conclusion of his current term, which ends as of the Company's 2023 Annual Meeting of Shareholders. Mr. Evans joined the Boards of Directors of the Company and the Bank in 1993 and currently serves on the Company's Audit, Nominating and Corporate Governance, and Directors Loan Committees.
Jan 26, 2023 04:30 pm ET
Old Point Releases Fourth Quarter and Full Year 2022 Results
HAMPTON, Va., Jan. 26, 2023 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $2.6 million and earnings per diluted common share of $0.53 for the fourth quarter of 2022 compared to net income of $1.7 million and earnings per diluted common share of $0.32 for the fourth quarter of 2021. Net income for the years ended December 31, 2022 and 2021 was $9.1 million, or $1.80 earnings per diluted common share, and $8.4 million, or $1.61 earnings per diluted common share, respectively.
Nov 17, 2022 10:08 am ET
Old Point Financial Corporation Declares Quarterly Dividend
HAMPTON, Va., Nov. 17, 2022 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.13 per share on its common stock to be paid on December 30, 2022 to shareholders of record as of December 7, 2022. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $23.78 on November 16, 2022, the dividend yield is approximately 2.2%.
Oct 27, 2022 03:00 pm ET
Old Point Releases Third Quarter 2022 Results
HAMPTON, Va., Oct. 27, 2022 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $2.5 million and earnings per diluted common share of $0.51 for the third quarter of 2022 compared to net income of $1.9 million and earnings per diluted common share of $0.36 for the third quarter of 2021. Net income for the nine months ended September 30, 2022 and 2021 was $6.5 million, or $1.27 earnings per diluted common share, and $6.8 million, or $1.29 earnings per diluted common share, respectively.
Aug 17, 2022 02:00 pm ET
Old Point Financial Corporation Declares Quarterly Dividend
HAMPTON, Va., Aug. 17, 2022 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.13 per share on its common stock to be paid on September 30, 2022 to shareholders of record as of September 7, 2022. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $23.50 on August 16, 2022, the dividend yield is approximately 2.2%. 
Jul 26, 2022 05:49 pm ET
Old Point Releases Second Quarter 2022 Results
HAMPTON, Va., July 26, 2022 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $1.9 million and earnings per diluted common share of $0.37 for the second quarter of 2022 compared to net income of $1.8 million and earnings per diluted common share of $0.35 for the second quarter of 2021. Net income for the six months ended June 30, 2022 and 2021 was $3.9 million, or $0.76 earnings per diluted common share, and $4.9 million, or $0.93 earnings per diluted common share, respectively.
May 18, 2022 02:30 pm ET
Old Point Financial Corporation Declares Quarterly Dividend
HAMPTON, Va., May 18, 2022 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.13 per share on its common stock to be paid on June 24, 2022 to shareholders of record as of June 1, 2022. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $25.17 on May 17, 2022, the dividend yield is approximately 2.1%. 
Apr 28, 2022 06:31 pm ET
Old Point Releases First Quarter 2022 Results
HAMPTON, Va., April 28, 2022 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $2.0 million and earnings per diluted common share of $0.39 for the first quarter of 2022 compared to net income of $3.0 million and earnings per diluted common share of $0.58 for the first quarter of 2021.
Mar 21, 2022 01:00 pm ET
SARAH BOYCE GOLDEN APPOINTED TO OLD POINT BOARD OF DIRECTORS
HAMPTON, Va., March 21, 2022 /PRNewswire/ -- Old Point is pleased to announce that Sarah Boyce Golden has been appointed to the Board of Directors for Old Point Financial Corporation (the Company or Old Point) (Nasdaq: OPOF) and Old Point National Bank (the Bank).
Feb 16, 2022 05:22 pm ET
Old Point Financial Corporation Declares Quarterly Dividend
HAMPTON, Va., Feb. 16, 2022 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.13 per share on its common stock to be paid on March 25, 2022 to shareholders of record as of March 2, 2022. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $24.45 on February 15, 2022, the dividend yield is approximately 2.1%. 
Jan 27, 2022 04:30 pm ET
Old Point Releases Fourth Quarter and Full Year 2021 Results
HAMPTON, Va., Jan. 27, 2022 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ: OPOF) reported net income of $1.7 million and earnings per diluted common share of $0.32 for the quarter ended December 31, 2021, as compared to net income of $545 thousand and earnings per diluted common share of $0.10 for the fourth quarter of 2020. Net income for the years ended December 31, 2021 and 2020 was $8.4 million, or $1.61 earnings per diluted common share, and $5.4 million, or $1.03 earnings per diluted common share, respectively.
Nov 17, 2021 10:00 am ET
Old Point Financial Corporation Declares Quarterly Dividend
HAMPTON, Va., Nov. 17, 2021 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.13 per share on its common stock to be paid on December 30, 2021 to shareholders of record as of December 1, 2021. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $24.00 on November 16, 2021, the dividend yield is approximately 2.1%. 
Oct 26, 2021 05:31 pm ET
Old Point Releases Third Quarter 2021 Results and Announces Share Repurchase Program
HAMPTON, Va., Oct. 26, 2021 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $1.9 million and earnings per diluted common share of $0.36 for the quarter ended September 30, 2021, as compared to net income of $1.1 million and earnings per diluted common share of $0.21 for the third quarter of 2020. Net income for the nine months ended September 30, 2021 and 2020 was $6.8 million, or $1.29 earnings per diluted common share, and $4.8 million, or $0.93 earnings per diluted common share, respectively.
Sep 16, 2021 03:24 pm ET
Old Point Announces New Trust President & CEO
HAMPTON, Va., Sept. 16, 2021 /PRNewswire/ -- Old Point Financial Corporation (Old Point) (Nasdaq: OPOF) is pleased to announce that A. Eric Kauders, Jr. has been appointed as President and Chief Executive Officer for Old Point Trust & Financial Services, N.A. (Old Point Trust). Mr. Kauders has over 20 years of wealth management leadership experience, where he led the fiduciary business in a three-state region with $16 billion in assets under management at Bank of America Private Bank. Prior to that role, he practiced law with McGuire Woods, LLP where he represented banks, trust companies
Sep 14, 2021 10:39 am ET
Old Point National Bank Named Top Workplace
HAMPTON, Va., Sept. 14, 2021 /PRNewswire/ -- Old Point National Bank (Old Point) is proud to be recognized by Virginia Media's Inside Business as one of their 2021 Top Workplaces in Hampton Roads, Virginia. This is the eighth year that Old Point has been recognized as a leading workplace by Inside Business. Old Point was one out of only eight midsize companies and thirty-four overall companies recognized in the area. This exclusive list of top employers was determined through the evaluation of a detailed questionnaire as well as a survey of the company's employees, which included questions a
Aug 30, 2021 01:55 pm ET
Old Point National Bank Grows Richmond Commercial Team
HAMPTON, Va., Aug. 30, 2021 /PRNewswire/ -- Old Point National Bank (Old Point) has expanded its Richmond, Virginia team with the addition of three new Commercial Relationship Managers.
Aug 18, 2021 09:00 am ET
Old Point Financial Corporation Announces Increase in Quarterly Dividend
HAMPTON, Va., Aug. 18, 2021 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.13 per share on its common stock to be paid on September 24, 2021 to shareholders of record as of September 1, 2021. This dividend represents a $0.01 per share increase, or 8.3%, from the prior quarter's dividend and is also a $0.01 increase from the prior year's quarterly dividend level. Based on the stock's closing price of $21.90 on August 17, 2021, the dividend yield is approximately 2.3%. 
Jul 27, 2021 10:56 am ET
Old Point Releases Second Quarter 2021 Results
HAMPTON, Va., July 27, 2021 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $1.8 million and earnings per diluted common share of $0.35 for the quarter ended June 30, 2021, as compared to net income of $2.5 million and earnings per diluted common share of $0.48 for the second quarter of 2020. Net income for the six months ended June 30, 2021 and 2020 was $4.9 million, or $0.93 earnings per diluted common share, and $3.7 million, or $0.72 earnings per diluted common share, respectively.
Jul 15, 2021 11:19 am ET
Old Point Announces Completion of $30 Million Subordinated Notes Offering
HAMPTON, Va., July 15, 2021 /PRNewswire/ -- Old Point Financial Corporation (the Company) announced the completion of its private placement of $30 million of 3.50% Fixed to Floating Rate Subordinated Notes due 2031 (the Notes) to certain qualified institutional buyers and accredited investors.
Feb 17, 2021 04:01 pm ET
Old Point Financial Corporation Declares Quarterly Dividend
HAMPTON, Va., Feb. 17, 2021 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.12 per share on its common stock to be paid on March 26, 2021 to shareholders of record as of March 3, 2021. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $18.60 on February 16, 2021, the dividend yield is approximately 2.6%. 
Jan 27, 2021 04:17 pm ET
Old Point Releases Fourth Quarter and Full Year 2020 Results
HAMPTON, Va., Jan. 27, 2021 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $545 thousand and earnings per diluted common share of $0.10 for the quarter ended December 31, 2020, as compared to net income of $2.0 million or $0.38 earnings per diluted common share for the fourth quarter of 2019. Net income for the years ended December 31, 2020 and 2019 was $5.4 million, or $1.03 earnings per diluted common share, and $7.9 million, or $1.51 earnings per diluted common share, respectively.
Jan 21, 2021 02:00 pm ET
Old Point Announces Branch Optimization and Expense Reduction Initiatives
HAMPTON, Va., Jan. 21, 2021 /PRNewswire/ -- Old Point Financial Corporation (the Company) plans to optimize its branch network as part of its ongoing efforts to accommodate changing customer behaviors and improve operating efficiencies.  The Company fully executed the previously disclosed planned closure of two branch locations as of year-end, 2020, effectively creating an 11% reduction in brick and mortar branch facilities. During 2021, the Company plans to continue to evaluate its branch network by utilizing retail branch performance and resource allocation analytics. 
Nov 18, 2020 03:51 pm ET
Old Point Financial Corporation Declares Quarterly Dividend
HAMPTON, Va., Nov. 18, 2020 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.12 per share on its common stock to be paid on December 28, 2020 to shareholders of record as of December 2, 2020. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $16.51 on November 18, 2020, the dividend yield is approximately 2.9%. 
Oct 26, 2020 04:30 pm ET
Old Point Releases Third Quarter 2020 Results
HAMPTON, Va., Oct. 26, 2020 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $1.1 million and earnings per diluted common share of $0.21 for the quarter ended September 30, 2020, as compared to net income of $2.2 million or $0.43 earnings per diluted common share for the third quarter of 2019. Net income for the nine months ended September 30, 2020 and 2019 was $4.8 million, or $0.93 earnings per diluted common share, and $5.9 million, or $1.13 earnings per diluted common share, respectively.
Jul 27, 2020 08:30 am ET
Old Point Releases Second Quarter 2020 Results
HAMPTON, Va., July 27, 2020 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $2.5 million and earnings per diluted common share of $0.48 for the quarter ended June 30, 2020, as compared to net income of $1.6 million or $0.31 earnings per diluted common share for the second quarter of 2019. Net income for the six months ended June 30, 2020 and 2019 was $3.7 million, or $0.72 earnings per diluted common share, and $3.7 million, or $0.70 earnings per diluted common share, respectively.
May 21, 2020 04:30 pm ET
Old Point Financial Corporation Declares Quarterly Dividend
HAMPTON, Va., May 21, 2020 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.12 per share on its common stock to be paid on June 26, 2020 to shareholders of record as of June 3, 2020. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $14.35 on May 19, 2020, the dividend yield is approximately 3.3%. 
May 06, 2020 05:28 pm ET
Old Point National Bank Surpasses 1,000 Loan Milestone For Paycheck Protection Program
HAMPTON, Va., May 6, 2020 /PRNewswire/ -- Old Point National Bank (Old Point) announced today that it has helped to save approximately 1,000 small businesses and over 10,000 jobs in its community of Hampton Roads, Virginia. As of May 5th, Old Point has successfully obtained Small Business Administration (SBA) approval for 1,037 loans totaling more than $111 million through the Paycheck Protection Program (PPP). The Bank continues to process loans for existing and new customers while funding is available.
Apr 30, 2020 05:14 pm ET
Old Point Releases First Quarter 2020 Results
HAMPTON, Va., April 30, 2020 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $1.3 million and earnings per diluted common share of $0.24 for the quarter ended March 31, 2020, as compared to net income of $2.0 million or $0.39 earnings per diluted common share for the first quarter of 2019. 
Mar 26, 2020 04:06 pm ET
Old Point Offers Assistance In Response To Coronavirus
HAMPTON, Va., March 26, 2020 /PRNewswire/ -- Old Point National Bank (Old Point) has rolled out numerous measures to offer assistance to their consumer and business clients impacted by the Coronavirus pandemic. Initiatives include emergency lending programs, payment relief, adjusted branch services, improved digital access, employee support, and community support.
Oct 23, 2019 04:40 pm ET
Old Point Reports Third Quarter 2019 Results
HAMPTON, Va., Oct. 23, 2019 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ: OPOF) reported net income of $2.2 million and earnings per diluted common share of $0.43 for the quarter ended September 30, 2019, as compared to net income of $1.6 million or $0.31 earnings per diluted common share for the third quarter of 2018. 
Oct 21, 2019 12:45 pm ET
Old Point Announces Appointment of Elizabeth T. Beale as Chief Financial Officer
HAMPTON, Va., Oct. 21, 2019 /PRNewswire/ -- Elizabeth T. Beale has been appointed Senior Vice President and Chief Financial Officer of Old Point Financial Corporation (NASDAQ: OPOF) and Executive Vice President and Chief Financial Officer of Old Point National Bank effective immediately. Beale has served as Old Point's Interim Chief Financial Officer since July of this year.
Oct 01, 2019 02:30 pm ET
Old Point National Bank Announces Appointment Of Susan R. Ralston As Chief Operating Officer
HAMPTON, Va., Oct. 1, 2019 /PRNewswire/ -- Susan R. Ralston has been appointed Executive Vice President and Chief Operating Officer of Old Point National Bank. She served as Chief Operating Officer and Senior Vice President for the Virginia Division of Dollar Bank, an $8.6 billion multi-state bank, and prior to that served as President and Chief Executive Officer for Bank @lantec for over 22 years before their acquisition by Dollar Bank. Susan is also engaged in the banking industry at a national level. She has served on the Executive Committee of an American Bankers Association national wor
Aug 22, 2019 10:52 am ET
Old Point Financial Corporation Declares Quarterly Dividend
HAMPTON, Va., Aug. 22, 2019 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.12 per share on its common stock to be paid on September 27, 2019 to shareholders of record as of September 3, 2019. The dividend amount is the same as the prior quarter's dividend and is a $.01 per share, or 9.1%, increase from the prior year's quarterly dividend level. Based on the stock's closing price of $23.20 on August 21, 2019, the dividend yield is approximately 2.1%. 
Jul 25, 2019 04:30 pm ET
Old Point Reports Second Quarter 2019 Results
HAMPTON, Va., July 25, 2019 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $1.6 million and earnings per diluted common share of $0.31 for the quarter ended June 30, 2019, as compared to net income of $992 thousand or $0.19 earnings per diluted common share for the second quarter of 2018. Net operating earnings (non-GAAP) for the second quarter of 2019 were also $1.6 million or $0.31 per diluted common share, which compares to $1.5 million, or $0.28 per diluted common share for the second quarter of 2018.  Net operating earni
Jul 18, 2019 04:30 pm ET
Old Point Financial Corporation Chairman Robert F. Shuford, Sr. Announces Retirement
HAMPTON, Va., July 18, 2019 /PRNewswire/ -- After more than 54 years of dedicated service, Robert F. Shuford, Sr., Chairman, President, and Chief Executive Officer of Old Point Financial Corporation, has announced his intent to retire in January of 2020. Hired in 1965 as Vice President and a member of the Board of Directors, he was named President of Old Point National Bank in 1967. He became Chairman, President, and Chief Executive Officer of Old Point Financial Corporation upon its creation in 1984. He has served many local organizations and won numerous awards honoring his commitment to b
May 23, 2019 09:24 am ET
Old Point Financial Corporation Declares Quarterly Dividend
HAMPTON, Va., May 23, 2019 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.12 per share on its common stock to be paid on June 28, 2019 to shareholders of record as of June 4, 2019. The dividend amount is the same as the prior quarter's dividend and is a $.01 per share, or 9.1%, increase from the prior year's quarterly dividend level. Based on the stock's closing price of $21.29 on May 22, 2019, the dividend yield is approximately 2.3%. 
Apr 24, 2019 04:45 pm ET
Old Point Reports First Quarter 2019 Results
HAMPTON, Va., April 24, 2019 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $2.0 million and earnings per diluted common share of $0.39 for the quarter ended March 31, 2019, as compared to net income of $942 thousand or $0.19 earnings per diluted common share for the first quarter of 2018. Net operating earnings (non-GAAP) for the first quarter of 2019 were also $2.0 million or $0.39 per diluted common share, which compares to $1.1 million, or $0.23 per diluted common share for the first quarter of 2018.
Feb 21, 2019 08:15 am ET
Old Point Financial Corporation Declares Quarterly Dividend
HAMPTON, Va., Feb. 21, 2019 /PRNewswire/ -- On February 19, 2019 the Board of Directors of Old Point Financial Corporation declared a quarterly cash dividend of $0.12 per share on its common stock to be paid on March 29, 2019 to shareholders of record as of March 5, 2019. This dividend represents a $0.01 per share increase, or 9.1%, from the prior quarter's dividend and is also a $0.01 increase from the prior year's quarterly dividend level. Based on the stock's closing price of $23.00 on February 20, 2019, the dividend yield is approximately 2.1%. 
Feb 19, 2019 10:28 am ET
Old Point Appoints Thomas Hotchkiss as New Chief Credit Officer
HAMPTON, Va., Feb. 19, 2019 /PRNewswire/ -- Thomas L. Hotchkiss has been appointed as Executive Vice President and Chief Credit Officer of Old Point National Bank. Tom brings with him over forty years of financial experience, specializing in secured lending and credit analysis. Most recently, he held the position of Chief Credit Officer for a financial institution in Maryland. Prior to that he was the Managing Director of Hotchkiss & Associates Analytics, LLC as well as a Senior Consultant at Thurmond-Clower and Associates, LLC.
Feb 07, 2019 03:39 pm ET
Old Point Makes it Easier to Switch Banks in Hampton Roads, VA.
HAMPTON, Va., Feb. 7, 2019 /PRNewswire/ -- Old Point National Bank has selected both Digital Onboarding Inc. and ClickSWITCH, LLC to make it easier for people to switch their banking relationships to Old Point. Digital Onboarding, Inc. is a SaaS technology company that provides a fully automated new account activation platform and ClickSWITCH is an award-winning technology that provides a secure digital solution for switching direct deposits and recurring payments.
Jan 31, 2019 03:27 pm ET
Old Point Reports Fourth Quarter and Full Year 2018 Results
HAMPTON, Va., Jan. 31, 2019 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ: OPOF) reported net income of $1.4 million and earnings per share of $0.27 for the quarter ended December 31, 2018, as compared to a net loss of $2.9 million or a $0.58 loss per share for the fourth quarter of 2017. Net operating earnings (non-GAAP) for the fourth quarter of 2018 were also $1.4 million or $0.27 per share, which compares to $781 thousand, or $0.16 per share for the fourth quarter of 2017.
Nov 21, 2018 01:06 pm ET
Old Point Financial Corporation Declares Quarterly Dividend
HAMPTON, Va., Nov. 21, 2018 /PRNewswire/ -- On November 20, 2018 the Board of Directors of Old Point Financial Corporation declared a quarterly cash dividend of $0.11 per share on its common stock to be paid on December 28, 2018 to shareholders of record as of December 4, 2018. Based on the stock's closing price of $27.23 on November 20, 2018, the dividend yield is approximately 2%. The dividend is consistent with the prior quarter's dividend.
Oct 24, 2018 05:34 pm ET
Old Point Releases Third Quarter 2018 Results
HAMPTON, Va., Oct. 24, 2018 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ: OPOF) reported net income of $1.6 million and earnings per share of $0.31 for the third quarter ended September 30, 2018. Net operating earnings (non-GAAP) for the third quarter of 2018, which excluded $48 thousand in after tax merger costs, were $1.6 million, or $0.32 per share.
Aug 16, 2018 02:01 pm ET
Old Point Financial Corporation Declares Quarterly Dividend
HAMPTON, Va., Aug. 16, 2018 /PRNewswire/ -- On August 14, 2018 the Board of Directors of Old Point Financial Corporation declared a quarterly cash dividend of $0.11 per share on its common stock to be paid on September 28, 2018 to shareholders of record as of August 31, 2018. Based on the stock's closing price of $28.48 on August 15, 2018, the dividend yield is approximately 1.5%. The dividend is consistent with the prior quarter's dividend.
Jul 27, 2018 06:26 pm ET
Old Point Releases Second Quarter 2018 Results
HAMPTON, Va., July 27, 2018 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ: OPOF) reported net income of $990 thousand and earnings per share of $0.19 for the second quarter ended June 30, 2018. Excluding the effect of $479 thousand in after tax merger costs, net operating earnings (non-GAAP) were $1.5 million, or $0.28 per share, for the second quarter of 2018.  The Company's second quarter of 2018 results include the financial results of Citizens National Bank (Citizens), which the Company acquired on April 1, 2018.
May 22, 2018 08:00 am ET
Old Point Announces Successful Conversion of Citizens National Bank
HAMPTON, Va., May 22, 2018 /PRNewswire/ -- Old Point Financial Corporation (Nasdaq Global Market: OPOF) ("Old Point") announced the successful completion of its system conversion of Citizens National Bank ("Citizens"). The acquisition of Citizens was completed April 1, 2018 and the customer accounts and services officially transitioned on May 21, 2018.         
May 09, 2018 03:57 pm ET
Old Point Financial Corporation Declares Second Quarter Dividend
HAMPTON, Va., May 9, 2018 /PRNewswire/ -- Old Point Financial Corporation has declared a quarterly cash dividend of $0.11 per share on its common capital stock to be paid on June 29, 2018 to shareholders of record as of May 31, 2018. Based on the stock's closing price of $26.34 on May 8, 2018, the dividend yield is approximately 1.7%. The dividend is consistent with the prior quarter's dividend.
Apr 26, 2018 04:20 pm ET
Old Point Releases First Quarter 2018 Results
HAMPTON, Va., April 26, 2018 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ: OPOF) reported net income of $942 thousand ($0.19 per diluted share) for the three months ended March 31, 2018. This compares to net income of $942 thousand ($0.19 per diluted share) for the three months ended March 31, 2017.
Apr 02, 2018 08:00 am ET
Old Point Completes Acquisition of Citizens National Bank
HAMPTON, Va., April 2, 2018 /PRNewswire/ -- Old Point Financial Corporation (Nasdaq Global Market: OPOF) ("Old Point") announced the completion of its acquisition of Citizens National Bank ("Citizens").  Under the terms of the merger agreement, Citizens shareholders received .1041 shares of Old Point stock and $2.19 in cash for each share of Citizens stock.
Mar 15, 2018 03:15 pm ET
Shareholders Approve Old Point Financial Corporation's Acquisition of Citizens National Bank
HAMPTON, Va., March 15, 2018 /PRNewswire/ -- Shareholders of Citizens National Bank ("Citizens National") have approved the merger of Citizens National with and into Old Point Financial Corporation (Nasdaq Global Market: OPOF) ("Old Point"). Under the terms of the merger agreement, Citizens shareholders will receive .1041 shares of Old Point stock and $2.19 in cash for each share of Citizens stock.
Feb 16, 2018 02:09 pm ET
Old Point Financial Corporation Declares First Quarter Dividend
HAMPTON, Va., Feb. 16, 2018 /PRNewswire/ -- Old Point Financial Corporation has declared a quarterly cash dividend of $0.11 per share on its common capital stock to be paid on March 30, 2018 to shareholders of record as of February 28, 2018. Based on the stock's closing price of $25.77 on February 15, 2018, the dividend yield is approximately 1.7%. The dividend is consistent with the prior quarter's dividend.
Feb 02, 2018 03:41 pm ET
Old Point Releases Fourth Quarter and Full Year 2017 Results
HAMPTON, Va., Feb. 2, 2018 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ: OPOF) reported a net loss of $2.9 million ($0.58 loss per diluted share) for the three months ended December 31, 2017, compared to net income of $895 thousand ($0.18 income per diluted share) for the three months ended December 31, 2016. Net loss for the twelve months ended December 31, 2017 was $29 thousand ($0.01 loss per diluted share), compared to $3.8 million ($0.77 income per diluted share) for the twelve months ended December 31, 2016.
Nov 15, 2017 03:19 pm ET
Old Point Financial Corporation Declares Fourth Quarter Dividend
HAMPTON, Va., Nov. 15, 2017 /PRNewswire/ -- Old Point Financial Corporation has declared a quarterly cash dividend of $0.11 per share on its common capital stock to be paid on December 29, 2017 to shareholders of record as of November 30, 2017. Based on the stock's closing price of $27.86 on November 14, 2017, the dividend yield is approximately 1.5%. The dividend is the same as the prior quarter's dividend.
Nov 01, 2017 10:20 am ET
Old Point Releases Third Quarter 2017 Results
HAMPTON, Va., Nov. 1, 2017 /PRNewswire/ – Old Point Financial Corporation (the Company or Old Point) (NASDAQ: OPOF) reported net income of $757 thousand ($0.15 per diluted share) for the three months ended September 30, 2017, compared to $1.3 million ($0.27 per diluted share) for the three months ended September 30, 2016. Net income for the nine months ended September 30, 2017 was $2.9 million ($0.57 per diluted share), compared to $2.9 million ($0.59 per diluted share) for the nine months ended September 30, 2016.
Oct 30, 2017 09:00 am ET
Old Point Financial Corporation to Acquire Citizens National Bank
HAMPTON, Va. and WINDSOR, Va., Oct. 30, 2017 /PRNewswire/ -- Old Point Financial Corporation (Nasdaq Global Market: OPOF) ("Old Point") and Citizens National Bank (OTC Pink:  CNBV) ("Citizens National") jointly announced today that they have entered into a definitive merger agreement pursuant to which Old Point will acquire Citizens National in a stock and cash transaction for total consideration valued at approximately $7.9 million. Upon the closing of the transaction, Citizens National will merge into The Old Point National Bank of Phoebus, a wholly-owned subsidiary of Old Point. The trans
Aug 10, 2017 04:17 pm ET
Old Point Financial Corporation Declares Third Quarter Dividend
HAMPTON, Va., Aug. 10, 2017 /PRNewswire/ -- Old Point Financial Corporation (NASDAQ: OPOF) has declared a quarterly cash dividend of $0.11 per share on its common capital stock to be paid on September 29, 2017 to shareholders of record as of August 31, 2017. The dividend is the same as the prior quarter's dividend and is a $0.01 or 10% per share increase from the prior year's quarterly dividend level.
Jul 28, 2017 10:50 am ET
Old Point Releases Second Quarter 2017 Results
HAMPTON, Va., July 28, 2017 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $1.2 million ($0.23 per diluted share) for the three months ended June 30, 2017, compared to $552 thousand ($0.11 per diluted share) for the three months ended June 30, 2016. Net income for the six months ended June 30, 2017 was $2.1 million ($0.42 per diluted share), compared to $1.6 million ($0.32 per diluted share) for the six months ended June 30, 2016.
May 23, 2017 06:44 pm ET
Old Point Financial Corporation Announces Appointment Of Jeffrey W. Farrar As New Chief Financial Officer
HAMPTON, Va., May 23, 2017 /PRNewswire/ -- Jeffrey W. Farrar has been appointed Executive Vice President and Chief Financial Officer (CFO) of Old Point National Bank and Senior Vice President and Chief Financial Officer (CFO) of Old Point Financial Corporation (NASDAQ: OPOF).  Mr. Farrar began his career in public accounting with BDO Seidman and has more than 20 years of direct experience in banking. He served for 18 years as CFO for StellarOne Corporation, a $3 billion bank holding company, and its predecessor companies and as Director of Wealth Management, Mortgage and Insurance for Union
May 11, 2017 01:01 pm ET
Old Point Financial Corporation Declares Second Quarter Dividend
HAMPTON, Va., May 11, 2017 /PRNewswire/ -- Old Point Financial Corporation (NASDAQ: OPOF) has declared a quarterly dividend of $0.11 per share of common capital stock to be paid on June 30, 2017 to shareholders of record as of May 31, 2017.
Apr 28, 2017 01:06 pm ET
Old Point Releases First Quarter 2017 Results
HAMPTON, Va., April 28, 2017 /PRNewswire/ -- Old Point Financial Corporation (NASDAQ: OPOF) reported net income of $942 thousand ($0.19 per diluted share) for the three months ended March 31, 2017, compared to $1.0 million ($0.21 per diluted share) for the three months ended March 31, 2016. Higher net interest income was offset by a higher provision for loan losses, while lower noninterest expense and lower income tax expense were offset by lower noninterest income. Comparisons for both noninterest income and noninterest expense were affected by unusual events in the first quarter of
Apr 21, 2017 11:33 am ET
Old Point Completes Purchase of Full Ownership of Old Point Mortgage
HAMPTON, Va., April 21, 2017 /PRNewswire/ -- Old Point National Bank is proud to announce that it has completed the purchase of 100% ownership interest in Old Point Mortgage.  The Bank, which previously owned 49% of Old Point Mortgage, entered into an agreement to buy the majority interest from Tidewater Mortgage Services, Inc., in January 2017.
Feb 17, 2017 11:59 am ET
Old Point Increases 2017 First Quarter Dividend by 10%
HAMPTON, Va., Feb. 17, 2017 /PRNewswire/ -- Old Point Financial Corporation (NASDAQ: OPOF) has declared a quarterly dividend of $0.11 per share of common capital stock to be paid on March 31, 2017 to shareholders of record as of February 28, 2017.  This is a 10% increase over the same period in 2016 and a 38% increase since the first quarter in 2015.     
Feb 15, 2017 06:31 pm ET
Old Point Financial Corporation Declares First Quarter Dividend
HAMPTON, Va., Feb. 15, 2017 /PRNewswire/ -- Old Point Financial Corporation (Nasdaq: OPOF) has declared a quarterly dividend of $0.11 per share of common capital stock to be paid on March 31, 2017 to shareholders of record as of February 28, 2017.
Feb 08, 2017 02:45 pm ET
Old Point National Bank Signs With TCM Bank
HAMPTON, Va., Feb. 8, 2017 /PRNewswire/ -- Old Point National Bank announced that it has signed with TCM Bank, N.A., a subsidiary of ICBA Bancard® to join its Total Card Management® credit card agent program. Old Point's portfolio represents nearly 4,000 small business and consumer credit card accounts.
Jan 27, 2017 08:45 am ET
Old Point Releases 2016 Results
HAMPTON, Va., Jan. 27, 2017 /PRNewswire/ -- Old Point Financial Corporation (NASDAQ: OPOF) reported net income of $3.7 million ($0.74 per diluted share) for the year ended December 31, 2016, compared to $3.6 million ($0.73 per diluted share) for the year ended December 31, 2015. Higher net interest income and higher noninterest income were partially offset by a higher provision for loan losses, while noninterest expense was essentially flat. Dividends paid in 2016 were $0.40 per share, compared to $0.34 in 2015.
Jan 18, 2017 07:04 pm ET
Old Point CFO to Retire After 31 Years
HAMPTON, Va., Jan. 18, 2017 /PRNewswire/ -- After more than three decades of dedicated service to Old Point National Bank, Laurie Grabow, Executive Vice President and Chief Financial Officer has announced her intent to retire in the summer of 2017.  Like many Old Point employees, Laurie worked in different areas of the bank throughout her career, starting in 1986 as Assistant Vice President of Operations.  In 1995, she was named Audit Director and in 2000, Chief Financial Officer.  Laurie also serves as the Chief Financial Officer and Senior Vice President of Old Point Financial Corporation.
Nov 10, 2016 09:55 am ET
Old Point Financial Corporation Declares Fourth Quarter Dividend
HAMPTON, Va., Nov. 10, 2016 /PRNewswire/ -- Old Point Financial Corporation (Nasdaq: OPOF) has declared a quarterly dividend of $0.10 per share of common capital stock to be paid on December 30, 2016 to shareholders of record as of November 30, 2016.
Nov 04, 2016 09:30 am ET
Old Point President Named Community Banker of the Year
HAMPTON, Va., Nov. 4, 2016 /PRNewswire/ -- Old Point Financial Corporation (NASDAQ: OPOF) is proud to announce that Rob Shuford, Jr., President & CEO of Old Point National Bank was named Virginia Association of Community Banks' (VACB), Community Banker of the Year for 2016. 
Nov 03, 2016 10:00 am ET
Old Point Releases Third Quarter 2016 Results
HAMPTON, Va., Nov. 3, 2016 /PRNewswire/ -- Old Point Financial Corporation (NASDAQ "OPOF") reported quarterly net income of $1.3 million ($0.27 per diluted share) for the third quarter of 2016, $489 thousand higher than the net income of $840 thousand ($0.17 per diluted share) for the third quarter of 2015. Higher net interest income and lower noninterest expense were the primary drivers of the increase in quarterly net income. Year-to-date through September 30, net income was $2.9 million in 2016 and $3.3 million in 2015.
Aug 12, 2016 04:27 pm ET
Old Point Financial Corporation Declares Third Quarter Dividend
HAMPTON, Va., Aug. 12, 2016 /PRNewswire/ -- Old Point Financial Corporation ("OPOF" – Nasdaq) has declared a quarterly dividend of $0.10 per share of common capital stock to be paid on September 30, 2016 to shareholders of record as of August 31, 2016.
Jul 29, 2016 08:46 pm ET
Old Point Releases Second Quarter 2016 Results
HAMPTON, Va., July 29, 2016 /PRNewswire/ -- Old Point Financial Corporation (NASDAQ: OPOF) reported net income of $1.6 million, or $0.32 per diluted share, for the six months ended June 30, 2016, compared to net income of $2.5 million, or $0.50 per diluted share, for the six months ended June 30, 2015. Higher net interest and noninterest income during this period were offset by higher noninterest expense and a higher provision for loan losses.
May 16, 2016 10:00 am ET
Old Point Financial Corporation Declares Second Quarter Dividend
HAMPTON, Va., May 16, 2016 /PRNewswire/ -- Old Point Financial Corporation (NASDAQ: OPOF) has declared a quarterly dividend of $0.10 per share of common capital stock to be paid on June 30, 2016 to shareholders of record as of May 31, 2016.
Apr 27, 2016 10:00 am ET
Old Point Releases First Quarter 2016 Results
HAMPTON, Va., April 27, 2016 /PRNewswire/ -- Old Point Financial Corporation (NASDAQ: OPOF) reported net income of $1.0 million, or $0.21 per diluted share, for the three months ended March 31, 2016, compared to net income of $1.2 million, or $0.24 per diluted share, for the three months ended March 31, 2015. Higher net interest income after the provision and higher noninterest income were offset by higher noninterest expense.
Mar 19, 2016 12:30 am ET
Old Point Announces Agreement With PL Capital
HAMPTON, Va., March 18, 2016 /PRNewswire/ -- Old Point Financial Corporation (NASDAQ: OPOF) ("Old Point" or the "Company") today announced that it has entered into an agreement with PL Capital and certain of its affiliates (collectively, the "PL Capital Group"), which beneficially owns approximately 6.1% of the Company's outstanding stock, and William F. Keefe, regarding the composition of Old Point's Board of Directors (the "Board").

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