First National Corporation Reports Record Third Quarter and Year to Date 2026 Financial Performance
First National Corporation reported record Q3 2026 net income of $6.9 million, or $0.76 per diluted share, up from $0.62 a year earlier, with nine-month EPS of $1.94 versus $1.36 in 2025. Profitability was driven by net interest margin expansion to 4.38% FTE (from 3.84% a year ago), return on average assets of 1.32%, return on average equity of 14.02%, and net loan growth of $13.6 million (3.7% annualized), with asset quality sound at 0.26% NPAs to total assets. The company completed branch optimization, consolidating three offices and selling two North Carolina branches in early October with a one-time gain expected in Q4, reducing its footprint from 33 to 28 banking offices by year end.
Key figures
- Eps
- 0.76
- Revenue Yoy
- 0
- Lhfi
- $1.486 billion
- Roaa
- 1.32%
- Roae
- 14.02%
- Nim fte
- 4.38%
- Npa ratio
- 0.26% of total assets
- Total assets
- $2.075 billion
- Q3 net income
- 6900000
- Ytd basic eps
- 1.94
- Total deposits
- $1.829 billion
- Ytd net income
- 17500000
- Q4 gain expected
- gain on sale of two North Carolina banking offices
- Dividend per share
- 0.17
- Nim fte prior year
- 3.84%
- Noninterest income
- $4.1 million
- Q3 net loan growth
- $13.6 million (3.7% annualized)
- Ytd eps prior year
- 1.36
- Noninterest expense
- $16.7 million
- Ytd net loan growth
- $67.3 million (4.7%)
- Net interest income fte
- $21.3 million
- Tangible book value per share
- 19.94
AI analysis
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