Filing Flows › First National (FXNC) › Q3 2025
First National (FXNC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
First National (FXNC) reported revenue of $22.8M for the third quarter 2025 (Q3 2025), +52% from a year earlier and +2% from the quarter before. Operating margin was 29.9%, net earnings $5.5M (24.3% of revenue).
First National, Q3 2025: revenue $22.8M (+52% year over year), operating margin 29.9%, net earnings $5.5M, operating cash flow $8.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.8M | +2% | +52% |
| Operating profit | $6.8M | +8% | +144% |
| Net earnings | $5.5M | +10% | +147% |
| Operating cash flow | $8.4M | +79% | +37% |
| Free cash flow | $6.8M | +66% | +38% |
What changed
Revenue was $22.8M in Q3 2025, up 52% year over year and up 2% from the previous quarter.
Operating profit was $6.8M, a 29.9% margin (up 11.2 points year over year). Of the extra revenue versus a year earlier, 51% reached operating profit, above the 19% margin then. Total costs grew 31% against revenue growth of 52%. The fastest-growing cost line was Noninterest expense (+51%). Net earnings were $5.5M, up 147% year over year. The effective tax rate was 18.6%.
Operating cash flow was $8.4M (up 37% year over year), 152% of net earnings. Non-cash charges added back $706K of depreciation and amortization and $586K of share-based compensation. Working capital and other items added $1.6M. Capital expenditures of $1.6M left free cash flow of $6.8M.
Questions
What was First National's revenue in the third quarter 2025?
First National (FXNC) reported revenue of $22.8M for the third quarter 2025 (Q3 2025), +52% from a year earlier and +2% from the quarter before.
Was First National profitable in the third quarter 2025?
Operating profit was $6.8M (29.9% of revenue) and net earnings $5.5M.
Source: First National 10-Q on SEC EDGAR.