First National Corporation Announces Financial Results for Fourth Quarter and Full Year 2024

February 6, 2025 - 10:04

STRASBURG, Va. — In a recent financial disclosure, First National Corporation reported a challenging fourth quarter for 2024, ending with an unaudited consolidated net loss of $933 thousand. This translates to a basic and diluted loss per common share of $0.10. Despite these setbacks, the company managed to achieve adjusted operating earnings of $6.0 million for the same period, resulting in adjusted operating basic and diluted earnings per common share of $0.66.

The overall performance for the year reflected a mix of challenges and achievements. The corporation's leadership noted that while the fourth quarter posed significant difficulties, particularly in the face of economic headwinds, the adjusted figures indicate a resilient operational performance. The management team remains focused on strategic initiatives aimed at improving financial stability and growth in the upcoming year. Stakeholders are keenly observing how the company will navigate the evolving financial landscape as it prepares for future opportunities and challenges.