OverviewSuggest Edit

Old Point Financial Corporation operates as the bank holding company for The Old Point National Bank that provides consumer, mortgage and business banking services for individual, retail and commercial customers. The Company offers deposit products, including interest-bearing transaction accounts, money market deposit accounts, savings accounts, time deposits and demand deposits. It also provides real estate construction and real estate mortgage loans, such as residential 1-4 family mortgages, commercial real estate loans, second mortgages and equity lines of credit, and other loans, as well as cash management services.

TypePublic
Founded1923
HQHampton, US
Websiteoldpoint.com
Employee Ratings3.6

Latest Updates

Employees (est.) (Dec 2018)285
Revenue (FY, 2018)$51.5 M(+10%)
Share Price (Nov 2019)$25 (+2%)

Old Point Financial Office Locations

Old Point Financial has offices in Hampton, Carrollton, Chesapeake, Franklin and in 6 other locations
Hampton, US (HQ)
101 E Queen St
Carrollton, US
13480 Carrollton Blvd
Chesapeake, US
1000 Cedar Rd
Chesapeake, US
740 Eden Way N
Franklin, US
510 N High St
Hampton, US
100 Griffith Rd
Show all (20)

Old Point Financial Financials and Metrics

Old Point Financial Revenue

Old Point Financial's revenue was reported to be $51.53 m in FY, 2018
USD

Revenue (Q2, 2019)

13.7m

Net income (Q2, 2019)

1.6m

Market capitalization (7-Nov-2019)

132.4m

Closing stock price (7-Nov-2019)

25.0

Cash (30-Jun-2019)

50.6m

EV

131.8m
Old Point Financial's current market capitalization is $132.4 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

9.5m16.0m11.8m31.1m33.5m25.9m13.4m19.9m

Accounts Receivable

511.8m463.8m493.9m528.9m560.7m729.1m763.9m

Inventories

PP&E

30.3m32.5m40.5m42.1m41.3m39.3m37.2m36.7m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

3.3m4.2m3.2m4.1m3.6m3.8m(29.0k)4.9m

Depreciation and Amortization

1.8m1.9m2.0m2.3m2.5m2.7m2.7m2.5m

Cash From Operating Activities

9.4m9.8m8.5m10.0m7.8m8.7m9.4m12.2m

Purchases of PP&E

(2.5m)(4.1m)(10.9m)(3.8m)(1.8m)(891.0k)(619.0k)(478.0k)
USDY, 2019

EV/CFO

27 x

Debt/Equity

0.5 x

Financial Leverage

9.6 x
Show all financial metrics

Old Point Financial Online and Social Media Presence

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Old Point Financial News and Updates

Old Point Financial Corporation Chairman Robert F. Shuford, Sr. Announces Retirement

HAMPTON, Va., July 18, 2019 /PRNewswire/ -- After more than 54 years of dedicated service, Robert F. Shuford, Sr., Chairman, President, and Chief Executive Officer of Old Point Financial Corporation, has announced his intent to retire in January of 2020. Hired in 1965 as Vice President...

Old Point Financial Corporation Declares Quarterly Dividend

HAMPTON, Va., Aug. 16, 2018 /PRNewswire/ -- On August 14, 2018 the Board of Directors of Old Point Financial Corporation declared a quarterly cash dividend of $0.11 per share on its common stock to be paid on September 28, 2018 to shareholders of record as of August 31, 2018. Based on the ...

Old Point Financial Frequently Asked Questions

  • When was Old Point Financial founded?

    Old Point Financial was founded in 1923.

  • How many employees does Old Point Financial have?

    Old Point Financial has 285 employees.

  • What is Old Point Financial revenue?

    Latest Old Point Financial annual revenue is $51.5 m.

  • What is Old Point Financial revenue per employee?

    Latest Old Point Financial revenue per employee is $180.8 k.

  • Who are Old Point Financial competitors?

    Competitors of Old Point Financial include Entegra Financial, Peoples Bancorp and Horizon Bancorp.

  • Where is Old Point Financial headquarters?

    Old Point Financial headquarters is located at 101 E Queen St, Hampton.

  • Where are Old Point Financial offices?

    Old Point Financial has offices in Hampton, Carrollton, Chesapeake, Franklin and in 6 other locations.

  • How many offices does Old Point Financial have?

    Old Point Financial has 20 offices.