10-Q quarterly report · filed May 13, 2026

FIRST NATIONAL CORP /VA/ (FXNC) Q1 2026 10-Q Quarterly Report

Short answer

FIRST NATIONAL CORP /VA/ (FXNC) filed its Q1 2026 10-Q quarterly report on May 13, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $3M (up 0.3% year over year) with net income of $5M.

Q1 2026 key financials · XBRL

Revenue
$3M
+0.3% YoY
Net income
$5M
+205.8% YoY
EPS (diluted)
$0.54
+200.0% YoY

Source: XBRL data from the FIRST NATIONAL CORP /VA/ (FXNC) Q1 2026 10-Q on SEC EDGAR. USD.

FIRST NATIONAL CORP /VA/ Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue increased $1.4M YoY, with net interest income rising to $18.676M from $17.451M
  • Net interest margin 3.99% vs 3.77%; efficiency ratio 68.86% vs 75.44%
  • Net income $4.9M vs $1.6M; return on average assets 0.98% vs 0.32%
  • Branch consolidation plan reducing offices from 33 to 28 in second half 2026; regulatory approvals pending

Risk Factors

  • No material changes to risk factors from December 31, 2025 Form 10-K
  • Carried-forward risks include credit, interest-rate, liquidity, regulatory, and operational exposures disclosed in the 10-K

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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