Bank First National Q2 EPS up 211%, deposits rise 42.5%

First National

30/07/2025 12:41

Overview

First National Q2 earnings per share up 211% from prior qtr, up 44% yr/yr

Net interest margin rises to 3.95% from 3.40% a year ago

Total deposits increase 42.5% yr/yr, driven by Touchstone acquisition

Result Drivers

TOUCHSTONE ACQUISITION - Acquisition contributed to loan growth and deposit increases, per CEO Scott Harvard

NET INTEREST MARGIN - Margin improved due to acquisition accounting adjustments and higher loan yields

EFFICIENCY IMPROVEMENTS - Reduced expenses following merger and consolidation of banking systems

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.56
Q2 Net Interest Income
$18.50 mln
Q2 Net Interest Margin
4.0%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for First National Corp is $22.00, about 1.6% above its July 29 closing price of $21.64

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNXLcR2P

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)