First National Q1 EPS rises on deposit growth

First National

30/04/2026 13:14

Overview

U.S. community bank's Q1 adjusted EPS rose yr/yr to $0.54

Net interest income for Q1 declined slightly from prior quarter on lower average interest-earning assets

Company reported improved asset quality with non-performing assets declining to 0.21% of total assets

Outlook

Company expects recent loan production to benefit future results

Result Drivers

LATE QUARTER LOAN GROWTH - Loan production was weak early in Q1 but picked up in March, lifting loan balances for the quarter

STRONG DEPOSIT FLOWS - Deposit growth was robust, with an 8.4% annualized rate, mainly in lower-cost demand and interest-bearing accounts

NONINTEREST INCOME DECLINE - Noninterest income fell from the prior quarter, mainly due to the absence of a one-time loan recovery and lower income from several fee categories

Company press release: ID:nGNXvHzpp

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.54
Q1 Net Income
$4.90 mln
Q1 Net Interest Income
$18.80 mln


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 $28.00, about 0.2% above its April 29 closing price of $27.95

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)