Highest-materiality recent filing
First National Corp declares $0.17 quarterly dividend; elects new Board Chair and Vice Chair
Quarterly dividend of $0.17 per share declared, payable June 12, 2026 to shareholders of record May 29, 2026.
First National Q1 EPS $0.54, NIM 3.99%; loan growth 4% annualized, deposits up 8.4%
Net income of $4.9M ($0.54 diluted EPS) vs. $0.18 in Q1 2025; adjusted EPS $0.54.
First National to sell two NC offices, consolidate three VA branches; office count to drop to 28
Selling two North Carolina banking offices in Roanoke Rapids and Louisburg to a Virginia-based financial institution.
First National reports record Q4 net income $5.5M, EPS $0.61; full-year adjusted EPS $2.13
Q4 net income $5.5M ($0.61 EPS); full-year net income $17.7M ($1.97 EPS) and adjusted $19.1M ($2.13 EPS).
First National Corp increases quarterly dividend 9.7% to $0.17 per share
Quarterly dividend raised to $0.17/share from $0.155/share, a 9.7% increase.
First National reports record Q3 net income $5.55M; EPS $0.62 up 72% YoY
EPS $0.62, up 11% from Q2 2025 and 72% from Q3 2024; ROAA 1.09% vs 0.62% a year ago.
First National reports record Q2 2025 net income $5.05M, EPS $0.56
Net income $5.05M ($0.56 per share); adjusted EPS $0.57; EPS up 44% YoY.
First National Q1 net income $1.52M, adjusted EPS $0.35; net interest margin 3.77%
Net income $1.52M ($0.18/share); adjusted net income $3.1M ($0.35/share) excluding $1.9M merger costs.
First National appoints Brad Schwartz as CFO effective March 31, 2025
Brad Schwartz, former President/COO of TowneBank (retired Dec 2022), named EVP and CFO.
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).
CFO M. Shane Bell resigns; Bruce E. Thomas appointed interim CFO
M. Shane Bell resigns as EVP & CFO of First National Corporation and First Bank, effective Dec 2, 2024.
First National Corp Q3 net income $2.2M, EPS $0.36; adjusted EPS $0.39
Net income $2.2M ($0.36 per share) vs $3.1M ($0.50) in Q3 2023; adjusted net income $2.4M ($0.39).
First National closes acquisition of Touchstone Bankshares; combined assets ~$2.1B
Effective Oct 1, 2024, Touchstone shareholders receive 0.8122 FXNC shares per Touchstone share.
First National shareholders approve merger with Touchstone; votes 5.19M for, 0.48M against
Shareholders of First National (FXNC) and Touchstone (TSBA) approved all-stock merger at special meetings on Aug 29, 2024.
First National Corp and Touchstone Bankshares receive regulatory approvals for all-stock merger
Regulatory approvals received from Federal Reserve Bank of Richmond and Virginia Bureau of Financial Institutions.
First National Q2 net income $2.4M, EPS $0.39; adjusted EPS $0.48; Touchstone merger on track
Net income $2.4M ($0.39 diluted EPS) vs $3.5M ($0.56) in Q2 2023; adjusted net income $3.0M ($0.48).
Net income $3.2M, diluted EPS $0.51; ROAA 0.90%, ROAE 11.07%.
First National to acquire Touchstone Bankshares for ~$47M in stock; 36% EPS accretion
All-stock merger: Touchstone shareholders get 0.8122 FXNC shares per TSBA share, valued at ~$14.25/share.
First National reports Q4 net loss of $851K on $6M credit provision; health-care loan problems
Q4 2023 net loss of $0.14 per share vs net income $0.50 per share in linked Q3 2023.
First National Q3 net income $3.1M, EPS $0.50; NPA ratio rises to 0.23%
Net income of $3.1M, down from $3.5M in Q2 2023 and $4.5M in Q3 2022; diluted EPS $0.50.
First National Q2 net income $3.5M ($0.56 EPS), down from $3.8M in Q1 and year ago
Net income $3.5M, diluted EPS $0.56; prior Q1 $3.8M ($0.61) and Q2 2022 $3.8M ($0.61).
First National Q1 net income $3.8M ($0.61 EPS); NIM 3.60%, dividend raised to $0.15
Net income of $3.8M ($0.61 diluted EPS) vs $4.8M ($0.76) in Q4 2022 and $3.7M ($0.60) in Q1 2022.
Record $16.8M net income for 2022; Q4 EPS $0.76
Q4 net income $4.8M, diluted EPS $0.76; FY2022 net income $16.8M, diluted EPS $2.68 vs $10.4M, $1.86 in FY2021.
First National Q3 net income $4.5M ($0.71 EPS), up 16% from Q2; announces $5M buyback
Net income $4.5M ($0.71 EPS) vs Q2 $3.8M ($0.61 EPS); net interest margin improved to 3.58%.
First National Q2 net income $3.8M ($0.61 EPS); loans up 20% annualized
Net income $3.8M ($0.61/sh) vs $3.3M ($0.69/sh) a year ago; provision for loan losses $400K vs $1.0M recovery.
First National Q1 net income $3.7M, EPS $0.60, up from $2.4M YoY
Net income $3.7M, diluted EPS $0.60, vs $2.4M ($0.50) in Q1 2021; prior year included $0.07/share merger expenses.
On March 7, 2025, First National Corporation (the “Company”) appointed Brad E. Schwartz as Executive Vice President and Chief Financial Officer of the Corporation and of its wholly owned subsidiary, First Bank, effective March 31, 2025.
The Company has appointed Bruce E. Thomas as interim Chief Financial Officer of the Company and the Bank, effective December 2, 2024.
On November 15, 2024, M. Shane Bell notified the Board of Directors of First National Corporation (the “Company”) and its wholly-owned subsidiary, First Bank (the “Bank”), of his resignation as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective December 2, 2024.
Effective upon the consummation of the Merger on October 1, 2024, the Company’s board of directors increased in size from 10 to 13 directors and Ms. Toni T. Lee-Andrews, along with Messrs. William S. Wilkinson and Norman D. Wagstaff, Jr., each a former director of Touchstone, were appointed as directors of the Company
Effective upon the consummation of the Merger on October 1, 2024, the Company’s board of directors increased in size from 10 to 13 directors and Ms. Toni T. Lee-Andrews, along with Messrs. William S. Wilkinson and Norman D. Wagstaff, Jr., each a former director of Touchstone, were appointed as directors of the Company
Effective upon the consummation of the Merger on October 1, 2024, the Company’s board of directors increased in size from 10 to 13 directors and Ms. Toni T. Lee-Andrews, along with Messrs. William S. Wilkinson and Norman D. Wagstaff, Jr., each a former director of Touchstone, were appointed as directors of the Company
Effective July 1, 2021, the Company’s board of directors increased in size from eight to 11 directors and Messrs. George Edwin Holt, III, C. Ray Sprinkle, and Kirtesh Patel, each a former director of Fincastle, were appointed as directors of the Company, to fill the resulting vacancies on the board.
Effective July 1, 2021, the Company’s board of directors increased in size from eight to 11 directors and Messrs. George Edwin Holt, III, C. Ray Sprinkle, and Kirtesh Patel, each a former director of Fincastle, were appointed as directors of the Company, to fill the resulting vacancies on the board.
Effective July 1, 2021, the Company’s board of directors increased in size from eight to 11 directors and Messrs. George Edwin Holt, III, C. Ray Sprinkle, and Kirtesh Patel, each a former director of Fincastle, were appointed as directors of the Company, to fill the resulting vacancies on the board.
Max materiality 0.85 · Median 0.60 · Most common event earnings