AI brief of an SEC Form 8-K · FIRST NATIONAL CORP /VA/ (FXNC)

First National Q2 net income rises to $5.7 million; EPS $0.64 vs $0.56 a year earlier

Positive Impact 3 of 5 earnings Written later

First National Corporation reported second quarter 2026 net income of $5.7 million, or $0.64 basic and $0.63 diluted earnings per share, up from $0.56 basic a year earlier and $0.54 in the first quarter. Net interest income rose to $20.0 million from $18.7 million in the prior quarter, and the company said it received all regulatory approvals for the pending sale of two North Carolina banking offices, with a planned transaction date in October 2026.

Key points

Q2 2026 net income of $5.7 million, compared with $4.9 million in Q1 2026 and $5.1 million in Q2 2025
Basic EPS of $0.64, compared with $0.54 in Q1 2026 and $0.56 in Q2 2025; net interest margin (FTE) of 4.15%, compared with 3.99% in Q1 2026
Noninterest expense rose to $16.4 million from $16.0 million in Q1 2026; the bank plans to reduce its banking offices from 33 to 28 by year end

The filing

CompanyFIRST NATIONAL CORP /VA/ (FXNC)

Form8-K, current report

Filed with the SECJul 29, 2026, 9:19 AM ET

Accession number0001437749-26-024769

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.