Earnings Releases·Oct 23, 2026, 8:32 AM ET

First National Corporation — Third Quarter 2026 Earnings Summary

Consolidated net income rose to $6.9 million ($0.76 EPS) for the quarter and $17.5 million ($1.94 EPS) year-to-date, marking significant year-over-year growth from $5.55 million and $12.2 million respectively, while the efficiency ratio improved to 63.21%.
Net interest margin expanded to 4.38% (up from 3.84% YoY and 4.15% QoQ) driven by earning asset yield increases, alongside a 4.7% year-to-date loan growth rate and a 2.2% increase in total assets.
Management anticipates a fourth-quarter gain from the sale of two North Carolina offices completed in early October and expects branch optimization to reduce total locations from 33 to 28 by year-end to streamline operations.
Capital strength remains robust with a tangible book value per share of $19.94, a total risk-based capital ratio of 15.14%, and a cash dividend increase to $0.17 per share.