FXNC - First National GAAP EPS of $0.61 revenue of $14.07M
- First National press release ( NASDAQ: FXNC ): Q2 GAAP EPS of $0.61.
- Revenue of $14.07M (+41.7% Y/Y).
- Noninterest income increased $345 thousand, or 14%, to $2.8 million for the second quarter of 2022, compared to the same period of 2021.
- Loans increased $43.7 million, or 20%, annualized.
- Noninterest-bearing deposits increased $13.5 million, or 12%, annualized.
- Net interest income increased $742 thousand, or 7%, to $11.3 million.
- Return on average assets was 1.08%.
- Return on average equity was 15.04%.
- Net interest margin improved to 3.42% from 3.19%.
- Efficiency ratio improved to 62.69% from 64.36%.
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First National GAAP EPS of $0.61, revenue of $14.07M