Filing Flows › First National (FXNC) › Q2 2026
First National (FXNC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
First National (FXNC) reported revenue of $24.0M for the second quarter 2026 (Q2 2026), +7% from a year earlier and +7% from the quarter before. Operating margin was 29.7%, net earnings $5.7M (23.9% of revenue).
First National, Q2 2026: revenue $24.0M (+7% year over year), operating margin 29.7%, net earnings $5.7M, operating cash flow $6.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.0M | +7% | +7% |
| Operating profit | $7.1M | +18% | +13% |
| Net earnings | $5.7M | +18% | +14% |
| Operating cash flow | $6.9M | +8% | +47% |
| Free cash flow | $6.5M | +10% | +58% |
What changed
Revenue was $24.0M in Q2 2026, up 7% year over year and up 7% from the previous quarter.
Operating profit was $7.1M, a 29.7% margin (up 1.5 points year over year). Of the extra revenue versus Q2 2025, 51% reached operating profit, above the 28% margin then. Total costs grew 5% against revenue growth of 7%. Net earnings were $5.7M, up 14% year over year. The effective tax rate was 19.5%.
Operating cash flow was $6.9M (up 47% year over year), 121% of net earnings. Non-cash charges added back $732K of depreciation and amortization and $221K of share-based compensation. Capital expenditures of $426K left free cash flow of $6.5M.
Questions
What was First National's revenue in the second quarter 2026?
First National (FXNC) reported revenue of $24.0M for the second quarter 2026 (Q2 2026), +7% from a year earlier and +7% from the quarter before.
Was First National profitable in the second quarter 2026?
Operating profit was $7.1M (29.7% of revenue) and net earnings $5.7M.
Source: First National 10-Q on SEC EDGAR.