Old Point Financial (OPOF) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart

Old Point Financial Revenue Highlights

Latest Revenue (Y)

$80.28M

Latest Revenue (Q)

$21.99M

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
2024-09-30	$21.99M	1.87%
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 $21.99M in revenue during Q3 2024, up 1.87% compared to the previous quarter, and up 143.03% 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	-	-	-	-
Parent	$9.66M	$11.07M	$9.84M	$6.27M	$8.65M
Bank	$74.87M	$56.27M	$51.91M	$49.87M	$49.38M
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	Sep 24	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
Other Operating Income	$160.00K	$141.00K	$86.00K	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fiduciary and Asset Management Fees	$1.13M	$1.13M	$1.19M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service Charges on Deposit Accounts	$858.00K	$837.00K	$758.00K	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Service Charges, Commissions and Fees	$1.07M	$1.15M	$883.00K	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
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

Old Point Financial's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Fiduciary and Asset Management Fees (35.03%), Other Service Charges, Commissions and Fees (33.29%), Service Charges on Deposit Accounts (26.70%), and Other Operating Income (4.98%).

Old Point Financial Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
HBCP	Home Bancorp	$178.87M	$51.02M
CHMG	Chemung Financial	$137.52M	$21.28M
OVLY	Oak Valley Bancorp	$87.34M	$19.50M
OPOF	Old Point Financial	$80.28M	$21.99M
CWBC	Community West Bancshares	$61.39M	$27.26M
LSBK	Lake Shore Bancorp	$36.39M	$9.64M
HFBL	Home Federal Bancorp, Inc. of Louisiana	$33.45M	$8.04M
MGYR	Magyar Bancorp	$30.42M	$12.74M
FCCO	First Community	$10.42M	$26.72M

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 Q3 2024 was $21.99M, a 1.87% increase from the previous quarter (Q2 2024), and a 47.52% increase year-over-year (Q3 2023). The company'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). OPOF'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).

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, Parent, and Bank. Wealth Management generated $5.69M in revenue, accounting 6.30% of the company's total revenue Parent generated $9.66M in revenue, accounting 10.71% of the company's total revenue, down -12.74% year-over-year. Bank generated $74.87M in revenue, accounting 82.99% of the company's total revenue, up 33.06% 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.