Brannock Boyce E, a director of First National Corp (FXNC), reported the acquisition of 1,500 shares of common stock on 08/13/2025. The Form 4 shows the transaction price as $0 and reports total beneficial ownership of 8,598 shares after the transaction. The filing also notes an additional 110 indirect shares in an explanatory line.
The submission was executed by Christopher L Sugg by power of attorney on 08/14/2025. No derivative securities are reported and the form is filed by one reporting person.
Jason C. Aikens, identified as a director of First National Corp (FXNC), filed a Form 4 reporting an acquisition of common stock on 08/13/2025. The filing shows 1,500 shares acquired with a reported price of $0 and a post-transaction beneficial ownership amount of 10,105.5971 shares held directly.
The form also includes an explanatory note stating the reporting person “Owns an additional 15,798.1859 indirect shares.” The document is signed by Christopher L. Sugg by power of attorney on 08/14/2025. No other transactions, derivative positions, or pricing details are included in the filing text provided.
First National Corporation announced that its board declared a quarterly cash dividend of $0.155 per common share. The dividend is payable on September 12, 2025 to shareholders of record as of August 29, 2025.
This disclosure is a routine corporate distribution of earnings to common shareholders and specifies the per-share amount and the dates for record and payment. The filing lists the companys principal office in Strasburg, Virginia, and identifies its common stock trading under the ticker FXNC on The Nasdaq Stock Market.
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.