Every 10-Q that FIRST NATL CORP STRASBURG VA (FXNC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FXNC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FXNC filings page.
First National Corporation reported solid midyear results, with total assets of $2.08 billion at June 30, 2026, up from $2.04 billion at year-end 2025. Loans grew to $1.49 billion, while deposits increased to $1.83 billion, maintaining a deposit-funded balance sheet.
For the six months ended June 30, 2026, net income rose to $10.63 million from $6.65 million a year earlier, and diluted EPS increased to $1.17 from $0.74. Net interest income improved to $38.66 million, supported by lower deposit interest expense, and noninterest expense declined year over year. Asset quality remained stable, with nonaccrual loans of $4.74 million and an allowance for credit losses on loans of $14.94 million.
The securities portfolio totaled $310.16 million in fair value, with all investments considered investment grade and a weighted-average repricing term of about 4.3 years. Operating cash flow strengthened to $13.34 million, while the company returned capital through $3.07 million in common dividends and modest share repurchases.
First National Corporation reported sharply higher quarterly profitability. For the three months ended March 31, 2026, net income rose to $4.9 million from $1.6 million a year earlier, and diluted earnings per share increased to $0.54 from $0.18.
Net interest income improved to $18.7 million as interest expense on deposits and subordinated debt declined, while the provision for credit losses fell to $0.45 million from $0.83 million. Noninterest expense dropped to $16.0 million, reflecting the absence of prior-year merger costs.
Total assets reached $2.08 billion and deposits grew to $1.84 billion, with loans net of allowance at $1.45 billion. Shareholders’ equity edged up to $188.6 million, although accumulated other comprehensive loss deepened due to unrealized losses on the securities portfolio.
First National Corporation (FXNC) reported stronger Q3 2025 results. Net income rose to $5.55 million from $2.25 million a year ago, and diluted EPS increased to $0.62 from $0.36. Net interest income improved to $18.30 million from $11.75 million as higher loan yields and interest earnings outpaced funding costs. The provision for credit losses was $0.19 million versus $1.70 million, supporting bottom-line growth.
Noninterest income was $4.50 million, up from $3.20 million, helped by service charges, card fees, and a $0.30 million bargain purchase gain. Noninterest expense increased to $15.78 million from $10.46 million, reflecting higher personnel, occupancy, data processing, and core deposit intangible amortization. For the nine months, net income reached $12.20 million versus $7.90 million.
Total assets were $2.03 billion, with deposits at $1.81 billion. Loans, net, were $1.42 billion, while available-for-sale securities at fair value were $196.48 million. Accumulated other comprehensive loss improved to $13.20 million from $18.69 million, aided by higher unrealized gains on securities.
First National Corporation (FXNC) reported stronger interim results through June 30, 2025, driven by higher interest income after completing a major acquisition and integrating operations. Total assets were $2.04 billion and total deposits remained stable at $1.80 billion. Loans outstanding totaled $1.443 billion with loans, net of allowance, of $1.428 billion. Net interest income rose to $18.55 million for the quarter (from $11.49 million a year earlier), lifting net interest income after provision to $17.64 million. Provision for credit losses for the quarter was $0.9 million and the allowance for credit losses on loans stood at $15.186 million.
Operating performance improved: quarterly net income was $5.051 million versus $2.442 million a year earlier, producing basic and diluted EPS of $0.56 versus $0.39. Noninterest expense increased to $15.191 million for the quarter, reflecting higher personnel, amortization of core deposit intangibles, and merger-related costs (the company recorded $2.0 million of merger costs in the six months). The investment portfolio showed $19.1 million of unrealized losses in available-for-sale securities, which management states are related to market interest rates and that they do not intend to sell these securities.