--- title: "First National | 8-K: FY2025 Q3 Revenue: USD 22.8 M" type: "news" locale: "en" url: "https://longbridge.com/en/news/263582108.md" published_at: "2025-10-30T17:13:08.000Z" --- # First National | 8-K: FY2025 Q3 Revenue: USD 22.8 M Revenue: As of FY2025 Q3, the actual value is USD 22.8 M. EPS: As of FY2025 Q3, the actual value is USD 0.62. EBIT: As of FY2025 Q3, the actual value is USD -11.28 M. ### Financial Metrics by Segment #### Segment Revenue - The report does not provide specific segment revenue details. #### Operational Metrics - The report does not provide specific operational metrics such as net income, gross margin, operating profit, operating margin, or operating costs. #### Cash Flow - The report does not provide specific cash flow details. #### Unique Metrics - The report does not provide any unique company-specific financial indicators. #### Outlook / Guidance - The report does not include any forward-looking statements or guidance. ### Financial Highlights for Third Quarter 2025 - **Basic earnings per share**: $0.62 per share, up 11% from the previous period and 72% from one year prior. - **Return on average assets**: 1.09% compared to 1.00% in the previous period and 0.62% one year prior. - **Return on average equity**: 12.43% compared to 11.85% in the previous period and 7.28% one year prior. - **Net interest margin (FTE)**: 3.84%, up 12.2% from 3.43% one year prior. - **Net loans held for investment**: $1.419 billion, up 44.5% from one year prior. - **Total deposits**: $1.810 billion, up 44.4% from one year prior. - **Noninterest bearing deposits**: $511.5 million, up 33.4% from one year prior and comprising 28% of deposits. ### Net Interest Income - **Net interest margin (FTE)**: 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. - **Net interest income**: $18.3 million, a decrease of $253 thousand from $18.5 million in the second quarter of 2025. ### Allowance and Provision for Credit Losses - **Provision for credit losses**: $193 thousand in the third quarter of 2025, compared to $911 thousand in the second quarter of 2025. - **Net charge-offs**: $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. - **Allowance for credit losses on loans**: $14.4 million, or 1.01% of total loans on September 30, 2025. ### Noninterest Income and Expense - **Noninterest income**: Increased $611 thousand to $4.5 million for the third quarter of 2025 from $3.9 million in the prior quarter. - **Noninterest expense**: Increased $592 thousand to $15.8 million for the third quarter of 2025 from $15.2 million in the prior quarter. ### Balance Sheet - **Total assets**: $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. - **Total debt security investments**: $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. - **Total deposits**: $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. ### Liquidity - **Liquidity sources**: $676.1 million on September 30, 2025, $633.7 million on June 30, 2025, and $499.1 million on September 30, 2024. ### Asset Quality - **Non-performing assets (NPAs)**: 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. - **Loans past due over 90 days**: $388 thousand on September 30, 2025, compared to $0 on June 30, 2025, and $0 on September 30, 2024. ### Capital - **Total risk-based capital ratio**: 15.15% on September 30, 2025, compared to 14.89% on June 30, 2025, and 15.81% on September 30, 2024. - **Tier 1 risk-based capital ratio**: 12.83% on September 30, 2025, compared to 12.37% on June 30, 2025, and 14.09% on September 30, 2024. - **Common equity Tier 1 capital ratio**: 12.20% on September 30, 2025, compared to 11.74% on June 30, 2025, and 13.20% on September 30, 2024. - **Leverage ratio**: 9.24% on September 30, 2025, compared to 8.99% on June 30, 2025, and 10.00% on September 30, 2024. - **Tangible common equity to tangible assets**: 8.17% on September 30, 2025, compared to 7.73% on June 30, 2025, and 8.43% on September 30, 2024. - **Tangible book value per share**: $18.26 on September 30, 2025, compared to $17.40 on June 30, 2025, and $19.37 on September 30, 2024. ### Outlook / Guidance - 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. - 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