FXNC
First National Corporation26.20
+0.01+0.04%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
236.08MP/E (TTM)
24.04Basic EPS (TTM)
1.09Dividend Yield
0.02%Recent Filings
8-K
Declares $0.17 quarterly dividend
8-K
Branch sales, consolidations approved
First Bank approved selling two North Carolina offices in Roanoke Rapids and Louisburg, plus consolidating three Virginia branches, trimming its network from 33 to 28 locations. Closings target second-half 2026 after regulatory nods. No layoffs: staff transfers intact. Streamlines ops, boosts efficiency for digital and growth focus, with a one-time gain expected.
8-K
Record 2025 earnings reported
10-Q
Q3 FY2025 results
First National crushed Q3 FY2025 with net income doubling to $5.6M ($0.62 diluted EPS) from $2.2M ($0.36) y/y, fueled by net interest income jumping 56% to $18.3M on 38% higher average earning assets and net interest margin expansion to 3.84% from 3.43%. YTD net income rose 54% to $12.2M ($1.35 EPS) from $7.9M ($1.26), absorbing $2M Touchstone merger costs closed Oct 2024 for $46.8M in stock (2.7M shares issued), recognizing $3.2M bargain purchase gain and $15.3M core deposit intangibles amortized over 7 years. Loans dipped to $1.42B but deposits hit $1.81B; cash swelled to $189M. Provision plunged 89% q/q to $193K amid benign credit. Debt redemptions underway. Nonaccruals improved.
8-K
9.7% dividend hike declared
First National Corporation's board declared a quarterly cash dividend of $0.17 per share on November 12, 2025, payable December 12 to shareholders of record November 28—a 9.7% hike from $0.155. This rewards strong financial performance. Dividends have risen annually for ten years. Solid payout sustains investor confidence.
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