Quarterly ResultAug 13, 2026, 12:01 PM

First National Corp Q2 Net Income +13.7% to $5.74M; EPS $0.64

AI Summary

First National Corp reported a strong second quarter for 2026, with net income increasing by 13.7% to $5.74 million and basic earnings per share rising to $0.64. The company saw a 7.7% increase in net interest income to $19.98 million, while the provision for credit losses significantly decreased by 53.2% to $0.43 million. As of June 30, 2026, total assets grew by 1.85% to $2.08 billion, supported by a 1.75% increase in total deposits and a 2.61% rise in net loans.

Key Highlights

Net income for Q2 2026 increased 13.7% to $5.74 million compared to Q2 2025.
Basic earnings per share for Q2 2026 rose 14.3% to $0.64.
Net interest income grew 7.7% to $19.98 million in Q2 2026.
Provision for credit losses decreased 53.2% to $0.43 million in Q2 2026.
Total assets increased 1.85% to $2.08 billion as of June 30, 2026.
Total deposits increased 1.75% to $1.83 billion as of June 30, 2026.
Loans, net, increased 2.61% to $1.47 billion as of June 30, 2026.
Cash dividends on common stock were $0.17 per share for Q2 2026, up from $0.155 in Q2 2025.

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FXNC

Major Banks

FIRST NATIONAL CORP /VA/

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