OPOF Reports Q4 Net Income of $2.9 Million, Exceeding Revenue Expectations
Hampton, Va. - Old Point Financial Corp. (OPOF) announced a net income of $2.9 million for its fourth quarter ended [date].
Key Financial Highlights:
* Earnings per share: 57 cents
* Revenue: $21.6 million
* Revenue net of interest expense: $15.5 million, surpassing analyst estimates
For the full year, the bank holding company reported:
* Net income: $9.5 million
* Earnings per share: $1.88
* Revenue: $61.6 million
OPOF's revenue net of interest expense exceeded Wall Street forecasts, indicating strong financial performance.