<span item_type="fundamental" item_id="79244efeed6c79f3a29768f599bdb761" counter_id="ST/US/FXNC" env="prod"></span><span item_type="announcement" item_id="577301741745017985" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 22.8 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD 0.62.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -11.28 M.</p><p></p><h3>Financial Metrics by Segment</h3><h4>Segment Revenue</h4><ul><li>The report does not provide specific segment revenue details.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/fxnc20250820_8k.htm"></span></li></ul><h4>Operational Metrics</h4><ul><li>The report does not provide specific operational metrics such as net income, gross margin, operating profit, operating margin, or operating costs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/fxnc20250820_8k.htm"></span></li></ul><h4>Cash Flow</h4><ul><li>The report does not provide specific cash flow details.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/fxnc20250820_8k.htm"></span></li></ul><h4>Unique Metrics</h4><ul><li>The report does not provide any unique company-specific financial indicators.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/fxnc20250820_8k.htm"></span></li></ul><h4>Outlook / Guidance</h4><ul><li>The report does not include any forward-looking statements or guidance.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/fxnc20250820_8k.htm"></span></li></ul><h3>Financial Highlights for Third Quarter 2025</h3><ul><li><strong>Basic earnings per share</strong>: $0.62 per share, up 11% from the previous period and 72% from one year prior.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li><li><strong>Return on average assets</strong>: 1.09% compared to 1.00% in the previous period and 0.62% one year prior.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li><li><strong>Return on average equity</strong>: 12.43% compared to 11.85% in the previous period and 7.28% one year prior.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li><li><strong>Net interest margin (FTE)</strong>: 3.84%, up 12.2% from 3.43% one year prior.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li><li><strong>Net loans held for investment</strong>: $1.419 billion, up 44.5% from one year prior.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li><li><strong>Total deposits</strong>: $1.810 billion, up 44.4% from one year prior.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li><li><strong>Noninterest bearing deposits</strong>: $511.5 million, up 33.4% from one year prior and comprising 28% of deposits.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li></ul><h3>Net Interest Income</h3><ul><li><strong>Net interest margin (FTE)</strong>: 3.84% for the third quarter of 2025, compared to 3.95% for the second quarter of 2025 and 3.43% in the third quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li><li><strong>Net interest income</strong>: $18.3 million, a decrease of $253 thousand from $18.5 million in the second quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li></ul><h3>Allowance and Provision for Credit Losses</h3><ul><li><strong>Provision for credit losses</strong>: $193 thousand in the third quarter of 2025, compared to $911 thousand in the second quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li><li><strong>Net charge-offs</strong>: $939 thousand in the third quarter of 2025, compared to $448 thousand in the second quarter of 2025, and $1.6 million in the third quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li><li><strong>Allowance for credit losses on loans</strong>: $14.4 million, or 1.01% of total loans on September 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li></ul><h3>Noninterest Income and Expense</h3><ul><li><strong>Noninterest income</strong>: Increased $611 thousand to $4.5 million for the third quarter of 2025 from $3.9 million in the prior quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li><li><strong>Noninterest expense</strong>: Increased $592 thousand to $15.8 million for the third quarter of 2025 from $15.2 million in the prior quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li></ul><h3>Balance Sheet</h3><ul><li><strong>Total assets</strong>: $2.031 billion, a decrease of $10.7 million or 0.5% from June 30, 2025, and an increase of $580.0 million or 40.0% from September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li><li><strong>Total debt security investments</strong>: $305.5 million, an increase of $5.9 million or 2.0% from June 30, 2025, and an increase of $36.0 million or 13.3% from September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li><li><strong>Total deposits</strong>: $1.810 billion, an increase of $6.4 million or 0.4% from the prior quarter, and an increase of $556.3 million or 44.4% from September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li></ul><h3>Liquidity</h3><ul><li><strong>Liquidity sources</strong>: $676.1 million on September 30, 2025, $633.7 million on June 30, 2025, and $499.1 million on September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li></ul><h3>Asset Quality</h3><ul><li><strong>Non-performing assets (NPAs)</strong>: Declined to 0.28% of total assets on September 30, 2025, compared to 0.33% on June 30, 2025, and 0.41% on September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li><li><strong>Loans past due over 90 days</strong>: $388 thousand on September 30, 2025, compared to $0 on June 30, 2025, and $0 on September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li></ul><h3>Capital</h3><ul><li><strong>Total risk-based capital ratio</strong>: 15.15% on September 30, 2025, compared to 14.89% on June 30, 2025, and 15.81% on September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li><li><strong>Tier 1 risk-based capital ratio</strong>: 12.83% on September 30, 2025, compared to 12.37% on June 30, 2025, and 14.09% on September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li><li><strong>Common equity Tier 1 capital ratio</strong>: 12.20% on September 30, 2025, compared to 11.74% on June 30, 2025, and 13.20% on September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li><li><strong>Leverage ratio</strong>: 9.24% on September 30, 2025, compared to 8.99% on June 30, 2025, and 10.00% on September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li><li><strong>Tangible common equity to tangible assets</strong>: 8.17% on September 30, 2025, compared to 7.73% on June 30, 2025, and 8.43% on September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li><li><strong>Tangible book value per share</strong>: $18.26 on September 30, 2025, compared to $17.40 on June 30, 2025, and $19.37 on September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>The company is in the process of closing several non-branch leased facilities acquired in the Touchstone merger in the next year to reduce occupancy expense.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li><li>The company believes that these capital redemptions will have minimal impact on our total risk-based capital ratio while improving our profitability in future periods.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/719402/000143774925032358/ex_855452.htm"></span></li></ul>

First National | 8-K: FY2025 Q3 Revenue: USD 22.8 M