First National Q3 EPS up 72% yr/yr on asset quality

First National

30/10/2025 11:37

Overview

First National Q3 EPS rises 72% yr/yr, driven by improved asset quality

Company reports net loans held for investment up 44.5% yr/yr

Total deposits increase 44.4% yr/yr, reflecting Touchstone acquisition impact

Outlook

Company did not provide specific future guidance

Result Drivers

LOAN PAYOFFS - Loan growth was muted due to higher-than-expected loan payoff volumes

TOUCHSTONE ACQUISITION - Touchstone acquisition helped expand into new markets, boosting deposits and loans

ASSET QUALITY - Improved asset quality with non-performing assets declining to 0.28% of total assets

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.62
Q3 Net Interest Income
$18.30 mln
Q3 Net Interest Margin
3.84%


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 $23.00, about 3.1% above its October 29 closing price of $22.29

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

Press Release: ID:nGNXbJRSTD

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