Filing Flows › First National (FXNC) › Q1 2026 › vs Q4 2025
First National (FXNC) Q1 2026 vs Q4 2025 (quarter over quarter)
First National's revenue fell $1.5M (-6%) from $24.0M in Q4 2025 to $22.5M in Q1 2026. Operating margin 27.0% against 28.8% (-1.8 pts).
First National, Q1 2026: revenue $22.5M (+7% year over year), operating margin 27.0%, net earnings $4.9M, operating cash flow $6.4M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Operating margin | 27.0% | 28.8% | -1.8 pts |
| Net margin | 21.7% | 23.0% | -1.2 pts |
| Free cash flow margin | 26.3% | 28.9% | -2.7 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $22.5M | $24.0M | −$1.5M | -6% |
| Operating profit | $6.1M | $6.9M | −$826K | -12% |
| Costs & expenses | $16.4M | $17.1M | −$644K | -4% |
| Pre-tax earnings | $6.1M | $6.9M | −$826K | -12% |
| Credit loss provision | $450K | $951K | −$501K | -53% |
| Noninterest expense | $16.0M | $16.1M | −$143K | -0.9% |
| Net earnings | $4.9M | $5.5M | −$617K | -11% |
| Income tax | $1.2M | $1.4M | −$209K | -15% |
| Depreciation & amortization | $722K | $709K | $13K | +2% |
| Share-based compensation | $338K | $152K | $186K | +122% |
| Working capital & other | $457K | $2.1M | −$1.6M | -78% |
| Operating cash flow | $6.4M | $8.4M | −$2.0M | -24% |
| Free cash flow (OCF − capex) | $5.9M | $6.9M | −$1.0M | -15% |
| Capital expenditures | $488K | $1.5M | −$1.0M | -68% |
Questions
How much did First National's revenue grow quarter over quarter in Q1 2026?
First National's revenue fell $1.5M (-6%) from $24.0M in Q4 2025 to $22.5M in Q1 2026. Operating margin 27.0% against 28.8% (-1.8 pts).