- First National Corporation reported **record earnings** of **$5.55 million** for the third quarter of 2025, with basic and diluted earnings per common share of **$0.62**.  **[719402_0001437749-25-032358_ex_855452.htm:1]**  This represents an **11%** increase from the previous quarter and a **72%** increase from one year prior.  **[719402_0001437749-25-032358_ex_855452.htm:1]** 
- The company's profitability ratios improved, with return on average assets at **1.09%** and return on average equity at **12.43%** for Q3 2025.  **[719402_0001437749-25-032358_ex_855452.htm:1]** **[719402_0001437749-25-032358_ex_855452.htm:8]** 
- Net loans held for investment increased **44.5%** to **$1.419 billion** and total deposits grew **44.4%** to **$1.810 billion** from one year prior, primarily due to the Touchstone acquisition.  **[719402_0001437749-25-032358_ex_855452.htm:1]** **[719402_0001437749-25-032358_ex_855452.htm:3]** 
- Asset quality improved, with non-performing assets declining to **0.28%** of total assets as of September 30, 2025.  **[719402_0001437749-25-032358_ex_855452.htm:1]** **[719402_0001437749-25-032358_ex_855452.htm:4]**

First National Corporation Reports Record Third Quarter 2025 Earnings

- First National Corporation reported **record earnings of $5.55 million** and **basic and diluted earnings per common share of $0.62** for the third quarter ended September 30, 2025.  **[719402_2618f5ef6af446edaaf0415703f96a5b_0]**  This represents an **11% increase** in EPS from the previous period and a **72% increase** from one year prior.  **[719402_2618f5ef6af446edaaf0415703f96a5b_0]** 
- The company achieved a **return on average assets of 1.09%** and a **return on average equity of 12.43%** for Q3 2025.  **[719402_2618f5ef6af446edaaf0415703f96a5b_0]**  The net interest margin (FTE) was **3.84%**, up 12.2% from one year prior.  **[719402_2618f5ef6af446edaaf0415703f96a5b_0]** 
- Net loans held for investment grew to **$1.419 billion**, an increase of 44.5% from one year prior, and total deposits reached **$1.810 billion**, up 44.4% from one year prior, as of September 30, 2025, partly attributed to the Touchstone acquisition.  **[719402_2618f5ef6af446edaaf0415703f96a5b_0]** 
- Asset quality improved, with **non-performing assets declining to 0.28% of total assets** on September 30, 2025, compared to 0.33% in the previous period and 0.41% one year prior.  **[719402_2618f5ef6af446edaaf0415703f96a5b_0]** **[719402_2618f5ef6af446edaaf0415703f96a5b_4]** 
- The company maintained a strong capital position, reporting a **total risk-based capital ratio of 15.15%** and a **tangible book value per share of $18.26** as of September 30, 2025.  **[719402_2618f5ef6af446edaaf0415703f96a5b_5]**  A cash dividend of **$0.155 per common share** was declared and paid during the quarter.  **[719402_2618f5ef6af446edaaf0415703f96a5b_4]**

FIRST NATIONAL CORP /VA/ (FXNC)