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Old Point Financial Corp  (OPOF)
Other Ticker:  
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
Price: $25.6000 $-0.14 -0.544%
Day's High: $ 25.78 Week Perf: -3.4 %
Day's Low: $ 25.60 30 Day Perf: -10.61 %
Volume (M): 1 52 Wk High: $ 32.00
Volume (M$): $ 36 52 Wk Avg: $ 27.65
Open: 25.60 52 Wk Low: 24.07
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 Market Capitalization (Millions $) 133
 Shares Outstanding (Millions) 5
 Employees 296
 Revenues (TTM) (Millions $) 43
 Net Income (TTM) (Millions $) 1
 Cash Flow (TTM) (Millions $) 13
 Capital Exp. (TTM) (Millions $) 1
Old Point Financial Corp

Old Point Financial Corporation was incorporated under the laws of Virginia on February 16, 1984, for the purpose of acquiring all the outstanding common stock of The Old Point National Bank of Phoebus (the Bank), in connection with the reorganization of the Bank into a one-bank holding company structure. At the annual meeting of the stockholders on March 27, 1984, the proposed reorganization was approved by the requisite stockholder vote. At the effective date of the reorganization on October 1, 1984, the Bank merged into a newly formed national bank as a wholly-owned subsidiary of the Company, with each outstanding share of common stock of the Bank being converted into five shares of common stock of the Company.

The Company completed a spin-off of its trust department as of April 1, 1999. The organization is chartered as Old Point Trust & Financial Services, N.A. (Trust). Trust is a nationally chartered trust company. The purpose of the spin-off was to have a corporate structure more ready to compete in the field of wealth management. Trust is a wholly-owned subsidiary of the Company.

The Bank is a national banking association that was founded in 1922. As of the end of 2015, the Bank had 18 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 complete line of consumer, mortgage and business banking services, including loan, deposit, and cash management services to individual and commercial customers.

The Company's primary activity is as a holding company for the common stock of the Bank and Trust. The principal business of the Company is conducted through its subsidiaries, which continue to conduct business in substantially the same manner as before the reorganization and spin-off.

OPOF is expected to report next financial results on February 15, 2019.

Old Point Financial's Segments
  Company Estimates  
  Revenue Outlook
Old Point Financial does not provide revenue guidance.

Earnings Outlook
Old Point Financial Corp does not provide earnings estimates.

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Customers Net Income grew by OPOF's customers Net margin grew to
0.91 %
• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers
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