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Stock impact report

First National Corporation Announces First Quarter Earnings

First National Corporation (FXNC) 
NASDAQ:AMEX Investor Relations: ir.fbvirginia.com
Company Research Source: GlobeNewswire
STRASBURG, Va., April 23, 2019 (GLOBE NEWSWIRE) -- First National Corporation (the “Company” or “First National”) (NASDAQ:FXNC) reported net income of $2.3 million, or $0.46 per diluted share, for the first quarter of 2019, compared to $2.7 million or $0.54 per diluted share for the first quarter of 2018.  The decrease in net income resulted primarily from a $648 thousand decrease in noninterest income, which included a $456 thousand decrease in income from bank-owned life insurance. Net interest income increased by $352 thousand, or 5%, compared to the first quarter of 2018.  On April 18, 2019, the Company began trading on the Nasdaq Capital Market stock exchange under the symbol FXNC. Key accomplishments in the first quarter of 2019: Total assets reached $775 millionReturn on average equity of 13.47%Return on average assets of 1.21%Net interest margin of 3.97%Loan growth of $7.6 million for the quarterDeposit growth of $13.7 million for the quarter “The Company continued to del Show less Read more
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