First National Corporation Announces Third Quarter Earnings
First National Corporation (FXNC)
NASDAQ:AMEX Investor Relations:
ir.fbvirginia.com
Company Research
Source: GlobeNewswire
STRASBURG, Va., Oct. 23, 2019 (GLOBE NEWSWIRE) -- First National Corporation (the “Company” or “First National”) (NASDAQ:FXNC) reported net income of $2.5 million, or $0.50 per diluted share, for the third quarter of 2019, which resulted in a return on average assets of 1.27% and a return on average equity of 13.31%. This compared to $2.7 million or $0.54 per diluted share, and a return on average assets of 1.41% and a return on average equity of 16.89% for the third quarter of 2018. Highlights for the third quarter of 2019: Return on average equity of 13.31% Return on average assets of 1.27% Wealth management revenue increased 13% Net interest margin of 3.87% Nonperforming assets decreased to 0.20% of assets “While our company delivered another quarter of excellent financial performance for our shareholders, the challenges of lower interest rates with a flat or inverted yield curve continue to put pressure on the net interest margin,” said Scott Harvard, president and chief
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FXNC
Earnings
- 11/1/24 - Miss
FXNC
Sec Filings
- 12/18/24 - Form 4
- 12/17/24 - Form SC
- 12/17/24 - Form 4
- FXNC's page on the SEC website