First National Q3 net income $3.1M, EPS $0.50; NPA ratio rises to 0.23%

FIRST NATIONAL CORP /VA/

2023-Q3 EPS reported $1.67 revenue$8,092,000

Net income of $3.1M, down from $3.5M in Q2 2023 and $4.5M in Q3 2022; diluted EPS $0.50.
Net interest margin stabilized at 3.35%; loans increased $22.3M (10% annualized) to $943.6M.
Nonperforming assets rose to $3.1M (0.23% of assets) from $722K (0.05%) in prior quarter.
Deposits stable at $1.2B; noninterest-bearing deposits comprised 33% of total deposits.
Tangible book value $17.38 per share; quarterly dividend maintained at $0.15/share.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST NATIONAL CORP /VA/ reported the three-months ending September 30, 2023 results: net income $3.1 million, EPS $0.50.

Period: the three-months ending September 30, 2023
Net income: $3.1 million
EPS: $0.50
Result: reported results

Exact text from the filing

On October 26, 2023, First National Corporation issued a press release reporting its financial results for the period ended September 30, 2023.

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FIRST NATIONAL CORP /VA/ filing history →

Source: SEC EDGAR

accession 0001437749-23-029168

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