Old Point Financial (OPOF) Revenue & Revenue Breakdown
Old Point Financial Revenue Highlights
Latest Revenue (Y)
$80.28M
Latest Revenue (Q)
$21.59M
Main Segment (Y)
Bank
Old Point Financial Revenue by Period
Old Point Financial Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $80.28M | 44.08% |
| 2022-12-31 | $55.72M | 3.80% |
| 2021-12-31 | $53.68M | 10.68% |
| 2020-12-31 | $48.50M | 1.26% |
| 2019-12-31 | $47.90M | 2.87% |
| 2018-12-31 | $46.56M | 7.20% |
| 2017-12-31 | $43.43M | 7.69% |
| 2016-12-31 | $40.33M | 1.33% |
| 2015-12-31 | $39.80M | 1.83% |
| 2014-12-31 | $39.08M | 3.08% |
| 2013-12-31 | $37.92M | -9.22% |
| 2012-12-31 | $41.77M | 0.08% |
| 2011-12-31 | $41.73M | -4.17% |
| 2010-12-31 | $43.55M | 8.94% |
| 2009-12-31 | $39.97M | -0.61% |
| 2008-12-31 | $40.22M | 5.40% |
| 2007-12-31 | $38.16M | 5.95% |
| 2006-12-31 | $36.02M | 4.30% |
| 2005-12-31 | $34.53M | 2.13% |
| 2004-12-31 | $33.81M | 9.10% |
| 2003-12-31 | $30.99M | 5.78% |
| 2002-12-31 | $29.30M | 14.92% |
| 2001-12-31 | $25.49M | 12.70% |
| 2000-12-31 | $22.62M | 7.69% |
| 1999-12-31 | $21.01M | 277.76% |
| 1998-12-31 | $5.56M | 14.10% |
| 1997-12-31 | $4.87M | 2.91% |
| 1996-12-31 | $4.74M | 1.41% |
| 1995-12-31 | $4.67M | 11.54% |
| 1994-12-31 | $4.19M | -1.99% |
| 1993-12-31 | $4.27M | - |
Old Point Financial generated $80.28M in revenue during NA 2023, up 44.08% compared to the previous quarter, and up 172.42% compared to the same period a year ago.
Old Point Financial Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $21.59M | 4.78% |
| 2024-03-31 | $20.61M | -3.76% |
| 2023-12-31 | $21.41M | 43.61% |
| 2023-09-30 | $14.91M | -3.04% |
| 2023-06-30 | $15.38M | -3.77% |
| 2023-03-31 | $15.98M | 13.85% |
| 2022-12-31 | $14.04M | -5.32% |
| 2022-09-30 | $14.82M | 8.04% |
| 2022-06-30 | $13.72M | 4.44% |
| 2022-03-31 | $13.14M | -0.94% |
| 2021-12-31 | $13.26M | -1.62% |
| 2021-09-30 | $13.48M | 6.63% |
| 2021-06-30 | $12.64M | -11.52% |
| 2021-03-31 | $14.29M | 9.38% |
| 2020-12-31 | $13.06M | 7.74% |
| 2020-09-30 | $12.13M | 4.41% |
| 2020-06-30 | $11.61M | -0.71% |
| 2020-03-31 | $11.70M | -0.27% |
| 2019-12-31 | $11.73M | -4.57% |
| 2019-09-30 | $12.29M | 1.53% |
| 2019-06-30 | $12.10M | 2.79% |
| 2019-03-31 | $11.78M | -1.33% |
| 2018-12-31 | $11.93M | 0.39% |
| 2018-09-30 | $11.89M | -2.32% |
| 2018-06-30 | $12.17M | 9.64% |
| 2018-03-31 | $11.10M | -0.08% |
| 2017-12-31 | $11.11M | 0.15% |
| 2017-09-30 | $11.09M | 1.49% |
| 2017-06-30 | $10.93M | 6.11% |
| 2017-03-31 | $10.30M | 3.39% |
| 2016-12-31 | $9.96M | -1.66% |
| 2016-09-30 | $10.13M | -0.09% |
| 2016-06-30 | $10.14M | 2.21% |
| 2016-03-31 | $9.92M | -0.11% |
| 2015-12-31 | $9.93M | 1.17% |
| 2015-09-30 | $9.82M | -0.34% |
| 2015-06-30 | $9.85M | 1.01% |
| 2015-03-31 | $9.75M | -5.31% |
| 2014-12-31 | $10.30M | 6.65% |
| 2014-09-30 | $9.66M | -0.73% |
| 2014-06-30 | $9.73M | 2.58% |
| 2014-03-31 | $9.48M | -3.01% |
| 2013-12-31 | $9.78M | 6.16% |
| 2013-09-30 | $9.21M | -3.91% |
| 2013-06-30 | $9.58M | 1.01% |
| 2013-03-31 | $9.49M | -7.37% |
| 2012-12-31 | $10.24M | -3.83% |
| 2012-09-30 | $10.65M | -0.41% |
| 2012-06-30 | $10.69M | 5.06% |
| 2012-03-31 | $10.18M | -2.32% |
| 2011-12-31 | $10.42M | -1.45% |
| 2011-09-30 | $10.57M | 1.53% |
| 2011-06-30 | $10.41M | 0.86% |
| 2011-03-31 | $10.33M | -4.70% |
| 2010-12-31 | $10.83M | -4.23% |
| 2010-09-30 | $11.31M | 6.18% |
| 2010-06-30 | $10.65M | -0.89% |
| 2010-03-31 | $10.75M | 0.62% |
| 2009-12-31 | $10.68M | 6.28% |
| 2009-09-30 | $10.05M | 2.67% |
| 2009-06-30 | $9.79M | 3.67% |
| 2009-03-31 | $9.44M | -5.48% |
| 2008-12-31 | $9.99M | -5.13% |
| 2008-09-30 | $10.53M | 5.54% |
| 2008-06-30 | $9.98M | 2.74% |
| 2008-03-31 | $9.71M | 0.17% |
| 2007-12-31 | $9.70M | - |
Old Point Financial generated $21.59M in revenue during Q2 2024, up 4.78% compared to the previous quarter, and up 135.11% compared to the same period a year ago.
Old Point Financial Revenue Breakdown
Old Point Financial Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Wealth Management | $5.69M | - | - | - | - |
| Bank | $74.87M | $56.27M | $51.91M | $49.87M | $49.38M |
| Parent | $9.66M | $11.07M | $9.84M | $6.27M | $8.65M |
| Trust | - | $5.34M | $5.29M | $4.90M | $5.00M |
Old Point Financial's latest annual revenue breakdown by segment (product or service), as of Dec 23: Bank (82.99%), Parent (10.71%), and Wealth Management (6.30%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other Service Charges, Commissions and Fees | $1.15M | $883.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Fiduciary and Asset Management Fees | $1.13M | $1.19M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Income | $141.00K | $86.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Service Charges on Deposit Accounts | $837.00K | $758.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Wealth Management | - | - | $1.58M | $1.32M | $1.39M | $1.40M | $1.32M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Bank | - | - | $19.87M | $19.37M | $18.45M | $17.19M | $16.00M | $14.43M | $13.20M | $12.63M | $12.85M | $13.15M | $12.07M | $13.84M | $13.04M | $12.21M | $12.65M | $11.95M | $12.14M | $12.75M |
| Corporate Segment | - | - | - | $1.87M | $2.35M | $3.56M | $3.02M | $850.00K | $900.00K | $2.33M | $2.08M | $3.20M | $1.29M | $2.73M | $1.49M | - | - | - | - | - |
| Parent | - | - | - | - | - | - | $3.10M | $2.24M | $757.00K | $2.17M | - | - | - | - | - | - | - | - | - | - |
| Trust | - | - | - | - | - | - | - | - | $1.40M | $1.36M | $1.38M | $1.29M | $1.34M | $1.29M | $1.21M | $1.20M | $1.17M | $1.33M | $1.25M | $1.21M |
| Unconsolidated Parent | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.42M |
Old Point Financial's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Other Service Charges, Commissions and Fees (35.31%), Fiduciary and Asset Management Fees (34.66%), Service Charges on Deposit Accounts (25.70%), and Other Operating Income (4.33%).
Old Point Financial Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| HBCP | Home Bancorp | $178.87M | $49.13M |
| CHMG | Chemung Financial | $137.52M | $36.97M |
| OVLY | Oak Valley Bancorp | $87.34M | $18.76M |
| OPOF | Old Point Financial | $80.28M | $21.59M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| HMNF | HMN Financial | $43.48M | $14.79M |
| LSBK | Lake Shore Bancorp | $36.39M | $9.49M |
| MGYR | Magyar Bancorp | $30.42M | $12.74M |
| HVBC | HV Bancorp | $25.74M | $6.58M |
| HFBL | Home Federal Bancorp, Inc. of Louisiana | $23.45M | $8.40M |
| OFED | Oconee Federal Financial | $16.61M | $3.21M |
| FCCO | First Community | $10.42M | $25.48M |
OPOF Revenue FAQ
What is Old Point Financial’s yearly revenue?
Old Point Financial's yearly revenue for 2023 was $80.28M, representing an increase of 44.08% compared to 2022. The company's yearly revenue for 2022 was $55.72M, representing an increase of 3.80% compared to 2021. OPOF's yearly revenue for 2021 was $53.68M, representing an increase of 10.68% compared to 2020.
What is Old Point Financial’s quarterly revenue?
Old Point Financial's quarterly revenue for Q2 2024 was $21.59M, a 4.78% increase from the previous quarter (Q1 2024), and a 40.41% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $20.6M, a -3.76% decrease from the previous quarter (Q4 2023), and a 28.95% increase year-over-year (Q1 2023). OPOF's quarterly revenue for Q4 2023 was $21.41M, a 43.61% increase from the previous quarter (Q3 2023), and a 52.55% increase year-over-year (Q4 2022).
What is Old Point Financial’s revenue growth rate?
Old Point Financial's revenue growth rate for the last 3 years (2021-2023) was 49.55%, and for the last 5 years (2019-2023) was 67.61%.
What are Old Point Financial’s revenue streams?
Old Point Financial's revenue streams in c 23 are Wealth Management, Bank, and Parent. Wealth Management generated $5.69M in revenue, accounting 6.30% of the company's total revenue Bank generated $74.87M in revenue, accounting 82.99% of the company's total revenue, up 33.06% year-over-year. Parent generated $9.66M in revenue, accounting 10.71% of the company's total revenue, down -12.74% year-over-year.
What is Old Point Financial’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Old Point Financial was Bank. This segment made a revenue of $74.87M, representing 82.99% of the company's total revenue.