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.

Employee Rating

4.0More
TypePublic
HQHampton, US
Founded1923
Size (employees)286 (est)+8%
Websiteoldpoint.com
Old Point Financial was founded in 1923 and is headquartered in Hampton, US
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Old Point Financial Office Locations

Old Point Financial has an office in Hampton
Hampton, (HQ)
1 W Mellen St
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Old Point Financial Financials and Metrics

Old Point Financial Revenue

Old Point Financial's revenue was reported to be $46.99 m in FY, 2017
USD

Revenue (Q3, 2018)

13.2m

Gross profit (Q3, 2018)

11.9m

Gross profit margin (Q3, 2018), %

90.1%

Net income (Q3, 2018)

1.6m

EBIT (Q3, 2018)

8.5m

Market capitalization (4-Dec-2018)

132.6m

Closing stock price (4-Dec-2018)

25.6

Cash (30-Sep-2018)

28.6m

EV

164.0m
Old Point Financial's current market capitalization is $132.6 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

42.6m42.9m43.4m43.3m47.0m

Revenue growth, %

1%1%0%

Cost of goods sold

3.6m2.6m3.0m

Gross profit

39.8m40.7m44.0m
Quarterly
USDQ3, 2013Q1, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

10.9m10.8m11.0m10.7m10.8m10.9m12.2m11.9m12.2m13.2m13.2m

Cost of goods sold

918.0k915.0k719.0k582.0k633.0k588.0k673.0k837.0k1.1m1.2m1.3m

Gross profit

10.0m9.9m10.3m10.1m10.1m10.3m11.5m11.1m11.1m12.1m11.9m

Gross profit Margin, %

92%92%93%95%94%95%94%93%91%91%90%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

31.3m33.3m37.0m25.9m14.4m

Accounts Receivable

Inventories

PP&E

40.5m42.1m41.3m39.3m37.2m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

3.2m4.1m3.6m3.8m(29.0k)

Depreciation and Amortization

4.5m4.5m4.7m4.9m5.0m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

3.0m977.0k2.1m2.8m1.2m2.5m3.3m1.0m1.6m2.9m942.0k2.1m2.9m942.0k1.9m3.5m

Depreciation and Amortization

3.4m1.0m2.2m3.4m1.2m2.4m3.6m1.2m2.4m3.6m1.3m2.6m3.8m1.1m2.2m3.2m

Cash From Operating Activities

7.0m2.9m4.4m7.5m2.8m3.9m7.1m1.2m2.9m6.0m3.4m3.7m7.0m3.0m4.3m7.4m

Cash From Investing Activities

41.0m(7.1m)(3.3m)(4.8m)(15.6m)(27.5m)(20.2m)16.5m(5.1m)28.1m(26.8m)(45.7m)(64.8m)13.2m16.2m11.8m
USDY, 2018

EV/EBIT

19.3 x

EV/CFO

22.1 x

Debt/Equity

0.6 x

Debt/Assets

0.1 x

Financial Leverage

10.3 x
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Old Point Financial Online and Social Media Presence

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Old Point Financial Company Life and Culture

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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 286 employees.

  • What is Old Point Financial revenue?

    Latest Old Point Financial annual revenue is $47 m.

  • What is Old Point Financial revenue per employee?

    Latest Old Point Financial revenue per employee is $164.3 k.

  • Who are Old Point Financial competitors?

    Competitors of Old Point Financial include Peoples Bancorp, WSFS Financial and Webster Financial.

  • Where is Old Point Financial headquarters?

    Old Point Financial headquarters is located at 1 W Mellen St, Hampton.

  • Where are Old Point Financial offices?

    Old Point Financial has an office in Hampton.

  • How many offices does Old Point Financial have?

    Old Point Financial has 1 office.