Trading Day: Local SEC filings for 1.30.20

Atlantic Union Bankshares (AUB)

The parent of Atlantic Union Bank posted its fourth quarter and year-end earnings for 2019. It reported net income for the quarter of $55.87 million, up from $44 million in the same period in 2018. Full-year net income was $193.52 million, up from $146.24 million for all of 2018. Click here for the full report.

AUB declared a quarterly dividend of $0.25 per share payable on Feb. 21 to shareholders of record as of Feb. 7.

The bank posted an investor slideshow here.

Bay Banks of Virginia (BAYK)

The parent of Virginia Commonwealth Bank posted its fourth quarter and year-end financial results for 2019. It reported net income of $2 million and $7.1 million for the quarter and full year, respectively. That was up from $1.8 million and $3.9 million in the respective periods of 2018. Click here for the full report.

Newly hired executive vice president Michael Troutman acquired 2,500 shares at $8.66 per share and also received options for a total of 30,000 shares to become exercisable over the next three years.

The company posted an investor slideshow here.

C&F Financial (CFFI)

The parent of C&F Bank posted its fourth quarter and year-end earnings. It reported net income of $18.9 million for the year, compared to $18 million in 2018. Net income for the quarter was $4.4 million, up from $4 million in the same period in 2018. Click here for the full report.

The bank and its holding company appointed George Sisson III to the board of directors, effective Feb. 18. Sisson had been a director of Peoples Bankshares and Peoples Community Bank from 1987 until they were acquired this month by C&F. He also owned and operated Peoples Insurance Agency of Montross. He’s a graduate of Virginia Tech.

Community Bankers Trust (ESXB)

The parent of Essex Bank reported $4 million in net income for the fourth quarter, up from $3.3 million in the same period of 2018. Full-year net income for 2019 was $15.7 million, up from $13.68 million. Click here for the full report.

The company announced it will look to repurchase up to 1 million shares of its common stock through January 2021.

It also announced a quarterly dividend of $0.05 per share, payable on March 2, to shareholders of record on Feb. 20.

Kinsale Capital Group (KNSL)

COO Brian Haney exercised options for 2,250 shares at $16 apiece. He then sold those shares at market price in two batches for a total of $244,000. He still owns more than 160,000 shares.

Owens & Minor (OMI)

The healthcare logistics company announced its plans to sell its European logistics subsidiary, Movianto, to French holding company EHDH Holding Group for an undisclosed amount. Click here for the full announcement.

Village Bank and Trust Financial (VBFC)

The Midlothian-based company reported net income for the fourth quarter of 2019 of $1.3 million, up from $856,000. Full-year net income was $4.47 million, up from $3.03 million in 2018.

The bank also posted an investor slideshow here.

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