secwatch.observer — SEC 8-K summary
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Issuer:     FIRST NATIONAL CORP /VA/ (FXNC)
CIK:        0000719402
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0001437749-26-014094
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First National Q1 EPS $0.54, NIM 3.99%; loan growth 4% annualized, deposits up 8.4%
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- Net income of $4.9M ($0.54 diluted EPS) vs. $0.18 in Q1 2025; adjusted EPS $0.54.
- Net interest margin (FTE) 3.99%, up 22 bps YoY from 3.77%.
- Loans held for investment rose $14.7M (4.0% annualized) to $1.450B; deposits up $37.7M (8.4% annualized) to $1.837B.
- Non-performing assets improved to 0.21% of total assets from 0.32% in prior quarter.
- Tangible book value per share grew to $19.11 from $18.83 at Dec 31, 2025; dividend $0.17/share unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719402/000143774926014094/0001437749-26-014094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719402/000143774926014094/fxnc20260324_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-014094

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