---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-024249"
form_type: "8-K"
ticker: "FXNC"
cik: "0000719402"
company_name: "FIRST NATIONAL CORP /VA/"
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T14:06:37.780377+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First National Q2 net income $2.4M, EPS $0.39; adjusted EPS $0.48; Touchstone merger on track

## Summary
- Net income $2.4M ($0.39 diluted EPS) vs $3.5M ($0.56) in Q2 2023; adjusted net income $3.0M ($0.48).
- Touchstone merger: Fed approval received; shareholder meetings Aug 29; expected Q4 2024 close.
- Net interest margin up 16bps to 3.40%; loans +$17M (7% annualized), deposits +$6.7M (2% annualized).
- Tangible book value $18.59; merger-related expenses $571k in Q2 2024.
- NPAs 0.59% of assets; net charge-offs $482k for Q2 2024.

## SEC filing metadata
- accession: 0001437749-24-024249
- form_type: 8-K
- ticker: FXNC
- cik: 0000719402
- company_name: FIRST NATIONAL CORP /VA/
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/719402/000143774924024249/0001437749-24-024249-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/719402/000143774924024249/fxnc20240612_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-024249
- JSON: https://secwatch.observer/filing/0001437749-24-024249.json
- Plain text: https://secwatch.observer/filing/0001437749-24-024249.txt

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