First National Corporation (FXNC), Wednesday reported net income of $5.05 million or $0.56 per share for the second quarter, higher than $2.44 million or $0.39 per share in the same quarter a year ago, primarily driven by growth in net interest income.
Excluding one-time items, adjusted EPS rose to $0.57 from last year's $0.48.
Net interest income before provision for credit losses was $18.55 million, up from $11.49 million last year.
The company recorded a provision for credit losses of $911,000, higher than $400,000 in the prior year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.