First National Q2 Profit Rises On Growth In Interest Income
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 30 2025
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Source: NASDAQ.COM
Financial Performance: First National Corporation reported a net income of $5.05 million for Q2, an increase from $2.44 million in the same quarter last year, driven by growth in net interest income which rose to $18.55 million.
Adjusted Earnings: The adjusted earnings per share (EPS) increased to $0.57 from $0.48 a year ago, despite a rise in provision for credit losses to $911,000 compared to $400,000 in the previous year.
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Analyst Views on FXNC
About FXNC
First National Corporation is a bank holding company for First Bank (the Bank), which is a commercial bank. The Bank offers loan, deposit, and wealth management products and services. Its loan products and services include consumer loans, residential mortgages, home equity loans and commercial loans. Deposit products and services include checking accounts, treasury management solutions, savings accounts, money market accounts, certificates of deposit and individual retirement accounts. Wealth management services include estate planning, investment management of assets, trustee under an agreement, trustee under a will, individual retirement accounts and estate settlement. Its customers include small and medium-sized businesses, individuals, estates, local governmental entities, and non-profit organizations. It operates over 33 branches throughout the Shenandoah Valley, central regions of Virginia, and the Richmond and Roanoke market areas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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