First National | 8-K: FY2025 Q3 Revenue: USD 22.8 M

Revenue: As of FY2025 Q3, the actual value is USD 22.8 M.

EPS: As of FY2025 Q3, the actual value is USD 0.62.

EBIT: As of FY2025 Q3, the actual value is USD -11.28 M.

The report does not provide specific operational metrics such as net income, gross margin, operating profit, operating margin, or operating costs.

Basic earnings per share: $0.62 per share, up 11% from the previous period and 72% from one year prior.
Return on average assets: 1.09% compared to 1.00% in the previous period and 0.62% one year prior.
Return on average equity: 12.43% compared to 11.85% in the previous period and 7.28% one year prior.
Net interest margin (FTE): 3.84%, up 12.2% from 3.43% one year prior.
Net loans held for investment: $1.419 billion, up 44.5% from one year prior.
Total deposits: $1.810 billion, up 44.4% from one year prior.
Noninterest bearing deposits: $511.5 million, up 33.4% from one year prior and comprising 28% of deposits.

Net interest margin (FTE): 3.84% for the third quarter of 2025, compared to 3.95% for the second quarter of 2025 and 3.43% in the third quarter of 2024.
Net interest income: $18.3 million, a decrease of $253 thousand from $18.5 million in the second quarter of 2025.

Provision for credit losses: $193 thousand in the third quarter of 2025, compared to $911 thousand in the second quarter of 2025.
Net charge-offs: $939 thousand in the third quarter of 2025, compared to $448 thousand in the second quarter of 2025, and $1.6 million in the third quarter of 2024.
Allowance for credit losses on loans: $14.4 million, or 1.01% of total loans on September 30, 2025.

Noninterest income: Increased $611 thousand to $4.5 million for the third quarter of 2025 from $3.9 million in the prior quarter.
Noninterest expense: Increased $592 thousand to $15.8 million for the third quarter of 2025 from $15.2 million in the prior quarter.

Total assets: $2.031 billion, a decrease of $10.7 million or 0.5% from June 30, 2025, and an increase of $580.0 million or 40.0% from September 30, 2024.
Total debt security investments: $305.5 million, an increase of $5.9 million or 2.0% from June 30, 2025, and an increase of $36.0 million or 13.3% from September 30, 2024.
Total deposits: $1.810 billion, an increase of $6.4 million or 0.4% from the prior quarter, and an increase of $556.3 million or 44.4% from September 30, 2024.

Liquidity sources: $676.1 million on September 30, 2025, $633.7 million on June 30, 2025, and $499.1 million on September 30, 2024.

Non-performing assets (NPAs): Declined to 0.28% of total assets on September 30, 2025, compared to 0.33% on June 30, 2025, and 0.41% on September 30, 2024.
Loans past due over 90 days: $388 thousand on September 30, 2025, compared to $0 on June 30, 2025, and $0 on September 30, 2024.

Total risk-based capital ratio: 15.15% on September 30, 2025, compared to 14.89% on June 30, 2025, and 15.81% on September 30, 2024.
Tier 1 risk-based capital ratio: 12.83% on September 30, 2025, compared to 12.37% on June 30, 2025, and 14.09% on September 30, 2024.
Common equity Tier 1 capital ratio: 12.20% on September 30, 2025, compared to 11.74% on June 30, 2025, and 13.20% on September 30, 2024.
Leverage ratio: 9.24% on September 30, 2025, compared to 8.99% on June 30, 2025, and 10.00% on September 30, 2024.
Tangible common equity to tangible assets: 8.17% on September 30, 2025, compared to 7.73% on June 30, 2025, and 8.43% on September 30, 2024.
Tangible book value per share: $18.26 on September 30, 2025, compared to $17.40 on June 30, 2025, and $19.37 on September 30, 2024.

The company is in the process of closing several non-branch leased facilities acquired in the Touchstone merger in the next year to reduce occupancy expense.
The company believes that these capital redemptions will have minimal impact on our total risk-based capital ratio while improving our profitability in future periods.