secwatch.observer — SEC 8-K summary
======================================

Issuer:     FIRST NATIONAL CORP /VA/ (FXNC)
CIK:        0000719402
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001437749-24-033562
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First National Corp Q3 net income $2.2M, EPS $0.36; adjusted EPS $0.39
----------------------------------------------------------------------

- Net income $2.2M ($0.36 per share) vs $3.1M ($0.50) in Q3 2023; adjusted net income $2.4M ($0.39).
- Net interest margin improved to 3.43% from 3.35% a year ago; efficiency ratio improved to 67.95% from 70.67%.
- Adjusted pre-provision pre-tax earnings $4.7M vs $3.95M in prior year period.
- Return on average assets 0.62% and return on average equity 7.28%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719402/000143774924033562/0001437749-24-033562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719402/000143774924033562/fxnc20240823_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-033562

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer