$FXNC

FIRST NATIONAL CORP /VA/

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Fourthstone group discloses 8.56% stake in First National (FXNC)

Fourthstone LLC and related entities have disclosed an 8.56% beneficial ownership stake in First National Corporation (FXNC), amounting to 774,119 shares. This passive investment, based on 9,040,967 shares outstanding as of March 16, 2026, was acquired in the ordinary course as an investment adviser and does not intend to influence control of the company. The disclosure, filed as an amended Schedule 13G/A, details holdings across various Fourthstone funds and provides key figures and definitions for investors.

First National Corporation Reports First Quarter 2025 Financial Results

First National Corporation reported first quarter 2025 earnings of $1.52 million, or $0.18 per common share, which increased to $3.1 million or $0.35 per share after excluding acquisition-related items. The company completed its operational merger with Touchstone Bankshares, Inc., significantly increasing total assets by 40.5% and total deposits by 44.9% compared to the prior year. Despite merger-related expenses impacting short-term earnings, First National anticipates returning to an efficient banking model and leveraging growth from new markets.