---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-029168"
form_type: "8-K"
ticker: "FXNC"
cik: "0000719402"
company_name: "FIRST NATIONAL CORP /VA/"
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T07:29:02.141198+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-029168
- form_type: 8-K
- ticker: FXNC
- cik: 0000719402
- company_name: FIRST NATIONAL CORP /VA/
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/719402/000143774923029168/0001437749-23-029168-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/719402/000143774923029168/fxnc20230904_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-029168
- JSON: https://secwatch.observer/filing/0001437749-23-029168.json
- Plain text: https://secwatch.observer/filing/0001437749-23-029168.txt

## Key facts
- Earnings Releases
  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
  source text: On October 26, 2023, First National Corporation issued a press release reporting its financial results for the period ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/719402/000143774923029168/0001437749-23-029168-index.htm

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