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

Issuer:     FIRST NATIONAL CORP /VA/ (FXNC)
CIK:        0000719402
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0001437749-25-002989
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719402/000143774925002989/0001437749-25-002989-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719402/000143774925002989/fxnc20250108_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-002989

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