First National Corp /VA/ Q1 2025: Assets Rise to $16.4B
Ticker: FXNC · Form: 10-Q · Filed: May 14, 2025 · CIK: 719402
| Field | Detail |
|---|---|
| Company | First National CORP /Va/ (FXNC) |
| Form Type | 10-Q |
| Filed Date | May 14, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: financials, earnings, assets, banking
TL;DR
**FNBC assets up to $16.4B in Q1 2025, net income $2.35M.**
AI Summary
First National Corp /VA/ reported its Q1 2025 results, with total assets reaching $16.400 billion as of March 31, 2025, an increase from $14.735 billion at the end of 2024. Net income for the quarter was $2.350 million, with earnings per share at $0.15. The company's total equity stood at $89.867 million.
Why It Matters
The increase in assets suggests business growth for First National Corp /VA/, potentially indicating a positive outlook for its banking operations and customer base.
Risk Assessment
Risk Level: low — The filing indicates that collateral pledged is generally considered not to have credit risk due to implied governmental guarantees.
Key Numbers
- $16.400B — Total Assets (As of March 31, 2025, showing an increase from the previous quarter.)
- $14.735B — Total Assets (As of December 31, 2024, serving as a comparison point.)
- $2.350M — Net Income (For the first quarter of 2025.)
- $0.15 — Earnings Per Share (For the first quarter of 2025.)
- $89.867M — Total Equity (As of March 31, 2025.)
Key Players & Entities
- FIRST NATIONAL CORP /VA/ (company) — Filer of the 10-Q report
- 16.400 billion (dollar_amount) — Total assets as of March 31, 2025
- 14.735 billion (dollar_amount) — Total assets as of December 31, 2024
- 2.350 million (dollar_amount) — Net income for Q1 2025
- 0.15 (dollar_amount) — Earnings per share for Q1 2025
- 89.867 million (dollar_amount) — Total equity as of March 31, 2025
FAQ
What was First National Corp /VA/'s total asset value at the end of Q1 2025?
Total assets were $16.400 billion as of March 31, 2025.
How did First National Corp /VA/'s total assets change from year-end 2024 to Q1 2025?
Total assets increased from $14.735 billion at December 31, 2024, to $16.400 billion at March 31, 2025.
What was the net income for First National Corp /VA/ in the first quarter of 2025?
Net income for the first quarter of 2025 was $2.350 million.
What were the earnings per share for First National Corp /VA/ in Q1 2025?
Earnings per share were $0.15 for the first quarter of 2025.
What is the total equity of First National Corp /VA/ as of March 31, 2025?
Total equity was $89.867 million as of March 31, 2025.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 14, 2025 regarding FIRST NATIONAL CORP /VA/ (FXNC).