First National Corp executive Brad E. Schwartz, EVP-CFO, reported an equity award of restricted stock units tied to FXNC common stock. On February 11, 2026, he acquired 2,183 restricted stock units at a price of $0 per unit as a grant or award. Each unit represents a contingent right to receive one share of FXNC common stock.
The award vests in three installments: 728 units on February 15, 2026, 728 units on February 15, 2027, and 727 units on February 15, 2028. After this grant, Schwartz directly beneficially owns 7,183 derivative securities in the form of restricted stock units.
First National Corp executive Dennis A. Dysart, Senior EVP/COO, received a grant of 2,474 restricted stock units on February 11, 2026. Each unit represents a contingent right to one share of FXNC common stock. The units vest in three annual installments: 825 on February 15, 2026, 825 on February 15, 2027, and 824 on February 15, 2028. Following this award, Dysart directly holds 13,747 derivative securities in the form of restricted stock units.
First National Corp President and CEO Scott C. Harvard reported an award of 5,765 restricted stock units on February 11, 2026. Each unit represents a contingent right to receive one share of FXNC common stock at a price of $0 per unit.
The restricted stock units vest in three annual installments: 1,922 units on February 15, 2026, 1,921 units on February 15, 2027, and 1,922 units on February 15, 2028. Following this grant, he directly holds 23,977 derivative securities linked to FXNC common stock.
First National Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.17 per share on its common stock. The dividend will be paid on March 13, 2026 to shareholders who are on record as of February 27, 2026, providing ongoing cash returns to investors.
First National Corporation, parent of First Bank, announced a strategic branch optimization plan. The Bank will sell two banking offices in Roanoke Rapids and Louisburg, North Carolina, and consolidate three Virginia offices into nearby locations, reducing total banking offices from 33 to 28.
The moves are part of a plan to streamline operations, reduce overhead, and reallocate resources toward digital banking and growth markets. The transactions are expected to close in the second half of 2026, subject to regulatory approval, with a one-time gain on the branch sales partly offset by consolidation costs and no layoffs for affected employees.
First National Corporation filed a current report to note that it issued a press release with its financial results for the period ended December 31, 2025. The company is furnishing this press release as an exhibit to the report, making the year-end results publicly available.
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) declared a quarterly cash dividend. The Board approved a $0.17 per share dividend, payable on December 12, 2025, to shareholders of record on November 28, 2025.
First National Corp (FXNC) insider report shows the President & CEO and Director executed a Code G transaction on 11/04/2025. The filing reports a disposition of 4,500 shares at $0, leaving 64,009.8581 shares beneficially owned, held directly.
First National Corporation (FXNC) reported that it issued a press release covering its financial results for the period ended September 30, 2025. The company furnished the release as Exhibit 99.1 to this report.
This is an informational update providing public access to the company’s latest quarterly results through the attached press release.