First National Corporation filed its Form 10-Q for the quarterly period ended June 30, 2026 with the Securities and Exchange Commission, reporting consolidated financial results for the three and six months ended June 30, 2026.

Key Highlights

  • Net income (Q2 2026): $5,743 thousand, compared to $5,051 thousand in Q2 2025, according to the filing.
  • Net income (six months ended June 30, 2026): $10,630 thousand, up from $6,649 thousand for the same period in 2025.
  • Basic earnings per share: $0.64 for Q2 2026 and $1.18 for the first half of 2026, versus $0.56 and $0.74 for the same periods in 2025.
  • Total assets: $2,075,645 thousand as of June 30, 2026, compared to $2,037,978 thousand at December 31, 2025.
  • Net interest income: $19,981 thousand for Q2 2026, up from $18,548 thousand in Q2 2025.
  • Total deposits: $1,831,130 thousand as of June 30, 2026, compared to $1,799,548 thousand at December 31, 2025.
  • Shares outstanding: 9,042,629 shares of common stock as of August 7, 2026.

First National Corporation Second Quarter and First Half 2026 Financial Results

First National Corporation (NASDAQ:FXNC), a Virginia-based banking company headquartered at 112 West King Street, Strasburg, Virginia, reported net income of $5,743 thousand for the three months ended June 30, 2026, compared to $5,051 thousand for the same quarter in 2025, according to the filing. For the six months ended June 30, 2026, the company disclosed net income of $10,630 thousand, up from $6,649 thousand for the same period in 2025. The filing noted merger expense of $0 for the six months ended June 30, 2026, compared to $2,032 thousand for the same period in 2025.

The filing reported total interest and dividend income of $25,633 thousand for Q2 2026 and $49,962 thousand for the first half of 2026, against $25,165 thousand and $49,186 thousand for the comparable 2025 periods. Total interest expense declined to $5,652 thousand in Q2 2026 from $6,617 thousand in Q2 2025, with interest on deposits falling to $5,410 thousand from $6,080 thousand over the same interval. The provision for credit losses was $426 thousand for Q2 2026, compared to $911 thousand in Q2 2025.

On the balance sheet, the filing disclosed total assets of $2,075,645 thousand and total shareholders' equity of $193,588 thousand as of June 30, 2026, versus $2,037,978 thousand and $186,196 thousand at December 31, 2025. Net loans stood at $1,472,455 thousand, reflecting an allowance for credit losses of $14,943 thousand. Total noninterest expense for the first half of 2026 was reported as $32,419 thousand, compared to $33,526 thousand for the first half of 2025. Salaries and employee benefits, the largest noninterest expense category, were $17,988 thousand for the six months ended June 30, 2026, versus $16,722 thousand for the same period in 2025.

What Was Disclosed

First National Corporation's 10-Q for the period ended June 30, 2026 disclosed consolidated income statements, balance sheets, and statements of comprehensive income and cash flows, covering both the second quarter and first half of 2026 and 2025, on an unaudited basis.