secwatch.observer — SEC 8-K summary
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Issuer:     FIRST NATIONAL CORP /VA/ (FXNC)
CIK:        0000719402
Form:       8-K
Filed at:   2026-07-29T13:19:09+00:00
Accession:  0001437749-26-024769
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First National Q2 net income $5.7M, EPS $0.64; NIM 4.15%; branch sale approved
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- Basic EPS $0.64 vs $0.56 YoY and $0.54 prior quarter; adjusted EPS $0.64.
- Net interest margin (FTE) 4.15%, up from 3.99% prior quarter and 3.95% YoY.
- Net loans grew $22.7M (6.3% annualized); non-performing assets 0.23% of total assets.
- Received all regulatory approvals for sale of two NC branches; expected close Q4 2026; branch count to drop from 33 to 28.
- Dividend $0.17 per share (unchanged QoQ, up from $0.155 YoY); tangible book value $19.71, up from $19.11.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719402/000143774926024769/0001437749-26-024769-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719402/000143774926024769/fxnc20260706_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-024769

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