Old Point Financial's Corporate Customers have recorded an advance in their cost of revenue by 0.06 % in the 2 quarter 2025 year on year, sequentially costs of revenue grew by 12.59 %. During the corresponding time, Old Point Financial Corp saw a revenue deteriorated by -2.39 % year on year, sequentially revenue fell by -1.18 %. While revenue at the Old Point Financial Corp's corporate clients fell by -0.51 % year on year, sequentially revenue grew by 10.51 %.
Old Point Financial's Customers have recorded an advance in their cost of revenue by 0.06 % in the 2 quarter 2025 year on year, sequentially costs of revenue grew by 12.59 %, for the same period Old Point Financial Corp revnue deteriorated by -2.39 % year on year, sequentially revenue fell by -1.18 %.
Old Point Financial's Comment on Sales, Marketing and Customers
The Company primarily operates in the Hampton Roads Metropolitan Statistical Area in southeastern Virginia, encompassing the cities of Chesapeake, Hampton, Newport News, Norfolk, Poquoson, Portsmouth, Suffolk, Virginia Beach, Williamsburg, and the counties of Isle of Wight, Gloucester, James City, Mathews, York, and Surry. This region represents the third largest deposit market in Virginia. The Company competes with national, regional, and community financial institutions, credit unions, finance companies, mortgage companies, wealth management firms, insurance companies, and fintech companies. The market includes 49 banks, savings institutions, and credit unions, along with branches of major brokerage houses. Recently, the Company expanded its operations by opening a commercial loan production office in Richmond, Virginia.
Old Point Financial’s Comment on Sales, Marketing and Customers
The Company primarily operates in the Hampton Roads Metropolitan Statistical Area in southeastern Virginia, encompassing the cities of Chesapeake, Hampton, Newport News, Norfolk, Poquoson, Portsmouth, Suffolk, Virginia Beach, Williamsburg, and the counties of Isle of Wight, Gloucester, James City, Mathews, York, and Surry. This region represents the third largest deposit market in Virginia. The Company competes with national, regional, and community financial institutions, credit unions, finance companies, mortgage companies, wealth management firms, insurance companies, and fintech companies. The market includes 49 banks, savings institutions, and credit unions, along with branches of major brokerage houses. Recently, the Company expanded its operations by opening a commercial loan production office in Richmond, Virginia.
Sources:
Old Point Financial Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Old Point Financial Corp’s corporate clients.
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