First National Q2 FY26 net income rises 13.57% to $5.7 million; net interest margin widens 20 basis points to 4.15%
FXNC•First National posts higher Q2 net income and margin
- First National Corporation posted Q2 net income of $5.7 million, up 13.57% year over year; diluted EPS rose to $0.63.
- Net interest income climbed 7.7% to $20 million; net interest margin widened 20 basis points to 4.15%.
- Provision for credit losses fell to $426,000 from the prior-year quarter’s level.
- Noninterest income edged up 3.3% to $4 million, while noninterest expense increased 8.2% to $16.4 million.
- Assets totaled $2.08 billion at June 30; loans rose to $1.49 billion, deposits increased to $1.83 billion.
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