First National Q3 net income rises on loan growth
FXNC•First National reported Q3 net income of $6.9 million and EPS of $0.76, with net interest income of $21.3 million and a net interest margin of 4.38%. It completed branch changes and expects to operate 28 banking offices by year-end, down from 33.
1. Q3 results
First National said Q3 net income and EPS rose year over year and sequentially. Net income was $6.9 million, EPS was $0.76, net interest income was $21.3 million and net interest margin was 4.38%. The company cited loan growth, higher net interest margin and expense management as drivers.
2. Branch changes
The company closed three offices and off-site ATMs in Q3 as part of branch optimization. It expects to operate 28 banking offices by year-end, down from 33, and expects a one-time gain from the sale of two North Carolina offices in Q4 2026.
