First National Q2 FY26 net income rises 13.7% to $5.7 million

Reuters2026/07/29 12:34

By:Reuters

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First National posted Q2 2026 net income of USD 5.7 million, lifting basic EPS to USD 0.64 from USD 0.54 in Q1 2026.
Tax-equivalent net interest margin widened to 4.15% from 3.99% in Q1 2026, while net interest income rose to USD 20.1 million from USD 18.8 million.
Loans held for investment, net, increased USD 22.7 million in the quarter to USD 1.47 billion; total deposits edged down to USD 1.83 billion from USD 1.84 billion.
Credit costs stayed contained with a USD 426,000 provision; non-performing assets were 0.23% of total assets, with no OREO.
Management said it has all regulatory approvals to sell two North Carolina branches, targeting an October 2026 close and a one-time gain in Q4.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First National Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607290830PRIMZONEFULLFEED9799930) on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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First National Q2 FY26 net income rises 13.7% to $5.7 million

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