---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-001853"
form_type: "8-K"
ticker: "FXNC"
cik: "0000719402"
company_name: "FIRST NATIONAL CORP /VA/"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:45:10.101560+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Record $16.8M net income for 2022; Q4 EPS $0.76

## Summary
- Q4 net income $4.8M, diluted EPS $0.76; FY2022 net income $16.8M, diluted EPS $2.68 vs $10.4M, $1.86 in FY2021.
- Net interest margin improved to 3.70% from 3.58%; loans grew $14.0M (6% annualized) to $920.5M.
- Provision for loan losses increased to $1.3M from $200K in Q3, driven by $888K specific reserve on one customer.
- Nonperforming assets remained low at 0.21% of assets; net charge-offs $95K.
- Cash dividend of $0.14 per share declared, consistent with prior quarter.

## SEC filing metadata
- accession: 0001437749-23-001853
- form_type: 8-K
- ticker: FXNC
- cik: 0000719402
- company_name: FIRST NATIONAL CORP /VA/
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/719402/000143774923001853/0001437749-23-001853-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/719402/000143774923001853/fxnc20221208_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-001853
- JSON: https://secwatch.observer/filing/0001437749-23-001853.json
- Plain text: https://secwatch.observer/filing/0001437749-23-001853.txt

## Key facts
- Earnings Releases
  FIRST NATIONAL CORP /VA/ reported the fourth quarter ended December 31, 2022 results: net income $4.8 million, EPS $0.76.
  - Period: the fourth quarter ended December 31, 2022
  - Net income: $4.8 million
  - EPS: $0.76
  - Result: reported results
  source text: First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $4.8 million and diluted earnings per common share of $0.76 for the fourth quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/719402/000143774923001853/0001437749-23-001853-index.htm
- Earnings Releases
  FIRST NATIONAL CORP /VA/ reported the year ended December 31, 2022 results: net income $16.8 million, EPS $2.68.
  - Period: the year ended December 31, 2022
  - Net income: $16.8 million
  - EPS: $2.68
  - Result: reported results
  source text: For the year ended December 31, 2022, unaudited consolidated net income totaled $16.8 million and diluted earnings per common share totaled $2.68.
  evidence_url: https://www.sec.gov/Archives/edgar/data/719402/000143774923001853/0001437749-23-001853-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.