earnings
confidence high
sentiment positive
materiality 0.80
First National reports Q4 net loss $933K; adjusted earnings $6.0M; Touchstone deal closed
FIRST NATIONAL CORP /VA/
2024-FY EPS reported
$1.00
revenue$14,182,000
- Q4 2024 net loss $933K ($0.10/sh); adjusted operating earnings $6.0M ($0.66/sh).
- FY2024 earnings $7.0M ($1.00/sh); adjusted $14.6M ($2.10/sh).
- Closed Touchstone acquisition Oct 1, adding $664M assets, $479M loans, $555M deposits.
- Net interest margin 3.83% (+40bps); preliminary bargain purchase gain $2.9M.
- Quarterly dividend raised to $0.155/share from $0.15.