First National Corporation Announces 46% Increase in Third Quarter Net Income
First National Corporation (FXNC)
NASDAQ:AMEX Investor Relations:
ir.fbvirginia.com
Company Research
Source: GlobeNewswire
STRASBURG, Va., Oct. 24, 2018 (GLOBE NEWSWIRE) -- First National Corporation (the “Company” or “First National”) (OTC: FXNC) today reported net income of $2.7 million and earnings per share of $0.54 for the third quarter ended September 30, 2018. This was an $844 thousand, or 46%, increase when compared to net income of $1.8 million and earnings per share of $0.37 for the third quarter of 2017. The increase in net income resulted primarily from a $663 thousand, or 10%, increase in net interest income. Select highlights for the third quarter of 2018: Return on average equity of 16.89%Return on average assets of 1.41%Net interest income increased $663 thousand, or 10%Net loans increased $25.6 million, or 5%, compared to one year agoNet interest margin of 4.02%Efficiency ratio of 62.68% “We were delighted with the Company’s third quarter financial performance,” said Scott C. Harvard, president and chief executive officer of First National. Harvard added, “Moderate loan growth for t
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News
- First National Corporation (NASDAQ:FXNC) most popular amongst individual investors who own 44% of the shares, institutions hold 31% [Yahoo! Finance]Yahoo! Finance
- First National (NASDAQ:FXNC) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- First National (NASDAQ:FXNC) Is Increasing Its Dividend To $0.17 [Yahoo! Finance]Yahoo! Finance
- First National Corporation Announces 9.7% Increase in Quarterly Cash DividendsGlobeNewswire
- Sunflower Bank, N.A. Donates Over $133,000 to Schools and Students Through 2024-2025 ABC Program for Education Campaign [Yahoo! Finance]Yahoo! Finance
FXNC
Earnings
- 7/30/25 - Beat
FXNC
Sec Filings
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- 11/14/25 - Form 10-Q
- FXNC's page on the SEC website