---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-002989"
form_type: "8-K"
ticker: "FXNC"
cik: "0000719402"
company_name: "FIRST NATIONAL CORP /VA/"
filed_at: "2025-02-06T23:59:59+00:00"
generated_at: "2026-05-27T02:03:32.703388+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# First National reports Q4 net loss $933K; adjusted earnings $6.0M; Touchstone deal closed

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-002989
- form_type: 8-K
- ticker: FXNC
- cik: 0000719402
- company_name: FIRST NATIONAL CORP /VA/
- filed_at: 2025-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/719402/000143774925002989/0001437749-25-002989-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/719402/000143774925002989/fxnc20250108_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-002989
- JSON: https://secwatch.observer/filing/0001437749-25-002989.json
- Plain text: https://secwatch.observer/filing/0001437749-25-002989.txt

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