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Recent Updates — FXNC

July 29, 2026View Source ↗

First National Corporation reported second quarter 2026 net income of $5.7 million, or $0.64 basic and $0.63 diluted earnings per share, compared to $0.56 per share in the prior year period. The company achieved a tax-equivalent net interest margin of 4.15% and recorded net loan growth of $22.7 million. Non-performing assets stood at 0.23% of total assets, while noninterest income rose to $4.0 million and noninterest expense increased to $16.4 million. The company received all regulatory approvals for the sale of its North Carolina branches, with a transaction date planned for October 2026, which is expected to reduce its branch count from 33 to 28 by year-end. First National Corporation operates as a bank holding company providing traditional banking and wealth management services through its subsidiary, First Bank.