SEC Form 10-Q filed by First National Corporation

STRASBURG, Va., April 30, 2025 (GLOBE NEWSWIRE) -- First National Corporation (the "Company" or "First National") (NASDAQ:FXNC), the bank holding company of First Bank (the "Bank"), reported earnings for the quarter ending March 31, 2025 of $1.52 million and basic and diluted earnings per common share of $0.18. Excluding acquisition-related items adjusted earnings(1) (non-GAAP) for the first quarter of 2025 were $3.1 million and adjusted basic and diluted earnings(1) per common share was $0.35. "We completed the Touchstone system conversion during the first quarter of 2025 and are looking forward to building upon this transformational acquisition.  Earnings were impacted short-term in the

STRASBURG, Va., March 10, 2025 (GLOBE NEWSWIRE) -- First National Corporation (the "Company" or "First National") (NASDAQ:FXNC), the bank holding company of First Bank (the "Bank") is pleased to announce Brad E. Schwartz will join First National Corporation and First Bank as Executive Vice President and Chief Financial Officer ("CFO") effective March 31, 2025. Brad brings over 40 years of experience in banking in Virginia and is retired President and COO of TowneBank and formerly CEO, CFO, and COO of Monarch Bank prior to its acquisition by TowneBank. He also served as CFO of two other Virginia community banks. At First National Corporation, he will join Dennis Dysart, EVP and COO, an

STRASBURG, Va., Feb. 18, 2025 (GLOBE NEWSWIRE) -- First National Corporation (the "Company" or "First National") (NASDAQ:FXNC), the bank holding company of First Bank (the "Bank") is pleased to announce the addition of Joe Shearin as President, Greater Richmond Market. Joe will lead First Bank's strategic efforts across Richmond, Southside Virginia, and northern North Carolina. He will be responsible for community impact and all lines of business banking and business development in the expanded footprint, following the 2024 merger with Touchstone Bank. Joe brings over 40 years of banking experience and is retired President and CEO of Sonabank/Southern National Bancorp (formerly EVB/East

8-K - FIRST NATIONAL CORP /VA/ (0000719402) (Filer)

10-Q - FIRST NATIONAL CORP /VA/ (0000719402) (Filer)

8-K - FIRST NATIONAL CORP /VA/ (0000719402) (Filer)

SC 13D/A - FIRST NATIONAL CORP /VA/ (0000719402) (Subject)

SC 13G/A - FIRST NATIONAL CORP /VA/ (0000719402) (Subject)

SC 13G - FIRST NATIONAL CORP /VA/ (0000719402) (Subject)

STRASBURG, Va., April 30, 2025 (GLOBE NEWSWIRE) -- First National Corporation (the "Company" or "First National") (NASDAQ:FXNC), the bank holding company of First Bank (the "Bank"), reported earnings for the quarter ending March 31, 2025 of $1.52 million and basic and diluted earnings per common share of $0.18. Excluding acquisition-related items adjusted earnings(1) (non-GAAP) for the first quarter of 2025 were $3.1 million and adjusted basic and diluted earnings(1) per common share was $0.35. "We completed the Touchstone system conversion during the first quarter of 2025 and are looking forward to building upon this transformational acquisition.  Earnings were impacted short-term in the

STRASBURG, Va., Feb. 06, 2025 (GLOBE NEWSWIRE) -- First National Corporation (the "Company" or "First National") (NASDAQ:FXNC), the bank holding company of First Bank (the "Bank"), reported an unaudited consolidated net loss of $933 thousand and basic and diluted loss per common share of $0.10 for the fourth quarter of 2024, and adjusted operating earnings(1) of $6.0 million and adjusted operating basic and diluted earnings(1) per common share of $0.66 for the fourth quarter of 2024. For the year ended December 31, 2024, the Company reported unaudited consolidated earnings of $7.0 million and basic and diluted earnings per common share of $1.00 and adjusted operating earnings(1) of $14.6

STRASBURG, Va., Nov. 15, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of First National Corporation (the "Company") (NASDAQ:FXNC) declared a quarterly cash dividend of $0.155 per share on November 13, 2024, a 3% increase compared to the quarterly dividend paid on September 13, 2024. This is the tenth consecutive year the Company has increased its dividend to shareholders. The dividend is payable on December 13, 2024, to shareholders of record as of November 29, 2024. ABOUT FIRST NATIONAL CORPORATION First National Corporation (NASDAQ:FXNC) is the parent company and bank holding company of First Bank (the "Bank"), a community bank that first opened for business in 1907 in Strasburg, Vi

4 - FIRST NATIONAL CORP /VA/ (0000719402) (Issuer)

4 - FIRST NATIONAL CORP /VA/ (0000719402) (Issuer)

4 - FIRST NATIONAL CORP /VA/ (0000719402) (Issuer)

4 - FIRST NATIONAL CORP /VA/ (0000719402) (Issuer)

4 - FIRST NATIONAL CORP /VA/ (0000719402) (Issuer)

4 - FIRST NATIONAL CORP /VA/ (0000719402) (Issuer)

Hovde Group downgraded First National from Outperform to Market Perform and set a new price target of $28.50

Janney downgraded First National from Buy to Neutral

Hovde Group initiated coverage of First National with a rating of Outperform and set a new price target of $22.00

STRASBURG, Va. and PRINCE GEORGE, Va., March 26, 2024 (GLOBE NEWSWIRE) -- First National Corporation ("First National") (NASDAQ:FXNC) and Touchstone Bankshares, Inc. ("Touchstone") (OTCPK: TSBA) announced today they have entered into a definitive merger agreement for First National to acquire Touchstone in an all-stock transaction. The combined company will bring together two community banks with a deep commitment to the customers and communities they have each served since the early 1900s. Total assets are expected to be approximately $2.1 billion, with $1.5 billion in loans, $1.8 billion in deposits, thirty branch offices across Virginia and two branches in North Carolina. The resulting