secwatch.observer — SEC 8-K summary
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Issuer:     FIRST NATIONAL CORP /VA/ (FXNC)
CIK:        0000719402
Form:       8-K
Filed at:   2025-10-30T23:59:59+00:00
Accession:  0001437749-25-032358
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First National reports record Q3 net income $5.55M; EPS $0.62 up 72% YoY
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- EPS $0.62, up 11% from Q2 2025 and 72% from Q3 2024; ROAA 1.09% vs 0.62% a year ago.
- Net interest margin (FTE) 3.84%, up 41 bps YoY but down 11 bps sequentially on lower loan accretion.
- Provision for credit losses fell to $193K from $911K in Q2; NPAs improved to 0.28% of assets.
- Tangible book value per share rose to $18.26 from $17.40 in Q2; dividend maintained at $0.155/share.
- Called $5M subordinated debt redeemed Oct 1; calling $8M sub debt to be redeemed Nov 15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/0001437749-25-032358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/fxnc20250820_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-032358

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