First National Reports Q2 2025 Earnings: Revenue Up 56% to $21.5M, EPS Increases to $0.56

First National's Q2 2025 earnings show a significant increase in revenue, net income, and EPS compared to Q2 2024. Revenue rose 56% to $21.5m, net income surged 107% to $5.05m, and EPS jumped to $0.56 from $0.39 in the previous year. The profit margin also improved to 24% from 18%. The company's shares are up 6.6% from a week ago, and revenue is forecast to grow 16% p.a. on average during the next two years.

First National Corp (NASDAQ: FXNC), a regional bank based in Strasburg, Virginia, has released its Form 10-Q report for the second quarter of 2025, showcasing impressive financial growth and strategic operational advancements. The company reported significant increases in revenue, net income, and earnings per share (EPS) compared to the same period in 2024.

Key financial highlights include a 56% increase in revenue to $21.5 million, a 107% surge in net income to $5.05 million, and an EPS of $0.56, up from $0.39 in the previous year. The profit margin improved to 24% from 18% in 2024. These results demonstrate the company's robust performance in the banking sector [2].

First National Corp's financial achievements are bolstered by notable operational advancements. The company reported noninterest income from various segments, including service charges on deposit accounts, ATM and check card fees, wealth management fees, brokered mortgage fees, and fees for other customer services. This diverse revenue stream underscores the company's ability to generate income beyond traditional interest income [2].

Geographically, the company expanded its operations following the acquisition of Touchstone Bankshares, Inc. The former branches of Touchstone Bank now operate as First Bank in Virginia and First Bank of the Commonwealth in North Carolina. This strategic geographical expansion is expected to contribute positively to future operational performance [2].

First National Corp's stock has shown resilience, with a 37% return over the past year, despite trading below its 52-week high of $26.97. The company's shares are currently up 6.6% from a week ago, reflecting investor confidence in the company's financial performance [1]. The management anticipates continued growth and integration benefits from the acquisition, with revenue forecast to grow at an average of 16% per annum over the next two years.

References:
[1] https://ca.investing.com/news/sec-filings/first-national-corp-declares-quarterly-cash-dividend-of-0155-per-share-93CH-4160074
[2] https://www.tradingview.com/news/tradingview:bf2b785388d3c:0-first-national-corp-va-sec-10-q-report/