Old Point Releases Fourth Quarter and Full Year 2023 Results
HAMPTON, Va., Jan. 30, 2024 /PRNewswire/ — Old Point Financial Corporation (the “Company” or “Old Point”) (NASDAQ “OPOF”) reported net income of $1.5 million and diluted earnings per common share of $0.29 for the fourth quarter of 2023, compared to net income of $2.6 million and diluted earnings per common share of $0.53 for the fourth quarter of 2022. Net income for the year ended December 31, 2023, was $7.7 million with diluted earnings per common share of $1.54, compared to $9.1 million of net income with diluted earnings per common share of $1.80 for the year ended December 31, 2022.
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