Old Point (OPOF) Q2 EPS Falls 52%
Old Point Financial (NASDAQ:OPOF), a regional bank based in Virginia’s Hampton Roads area, released second quarter 2025 results on July 30, 2025. Headline net earnings per diluted share fell to $0.24 (GAAP), as merger-related expenses and higher costs weighed on Q2 2025 results. The company’s non-GAAP earnings per share was $0.43, compared to $0.50 for Q2 2024, a decrease of 14.0%. While net interest margin (FTE, non-GAAP) improved to 3.71%, asset and deposit declines and a rising efficiency ratio signaled mounting challenges in Q2 2025. With a pending merger on the horizon and pressure from both operating costs and the deposit base, this quarter provided a snapshot of a community bank actively navigating industry transition without offering forward financial guidance.
Old Point Financial is a community-focused banking and wealth management company with roots in one of Virginia’s most competitive deposit markets. Its core business is traditional banking -- accepting deposits, making loans, and offering financial services to households and businesses across Hampton Roads. Wealth management, through a dedicated subsidiary, is also a notable part of its business, reinforcing stability and diversification.
The company’s recent strategy centers on several priorities: maintaining a strong local presence, investing in digital tools for customers, and deepening regulatory compliance. Success depends on building relationships with small and mid-sized businesses, adapting to technology shifts, and efficiently managing the balance between lending, deposits, and capital. With competition increasing from both large banks and fintechs, customer service remains central to its approach.
Source Fool.com
