StellarOne Corporation reported earnings results for the third quarter and nine months of 2009. The adjusted net loss applicable to common shareholders for the third quarter of 2009 amounts to $9.4 million or $0.41 per diluted common share. The company's adjusted net loss applicable to common shareholders was $10.4 million or $0.46 per diluted common share for the nine months ended September 30, 2009. The company reflected a non-cash impairment charge in the amount of $1.9 million related to the common stock of several Virginia and North Carolina based community banks held in its investment portfolio.

StellarOne Corporation announced that its board of directors approved a quarterly cash dividend in the amount of $0.04 per share payable on November 27, 2009 to shareholders of record on November 13, 2009.

StellarOne Corporation reported earnings results for third quarter and nine months ended September 2009. For the quarter, the company reported net loss of $7,680,000 or $0.36 loss per diluted share on interest income of $35,150,000 compared to net income of $2,029,000 or $0.09 per diluted share on interest income of $42,540,000 for the same period a year ago. Net loss available to common shareholders was $8,144,000 compared to net income available to common shareholders of $2,029,000 for the same period a year ago. For nine months period the company reported net loss of $7,860,000 or $0.41 loss per diluted share on interest income of $107,533,000 compared to net income of $10,256,000 or $0.51 per diluted share on interest income of $118,366,000 for the same period a year ago. Net loss available to common shareholders was $9,227,000 compared to net income available to common shareholders of $10,256,000 for the same period a year ago.