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Complete financial analysis of First National Corporation (FXNC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of First National Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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First National Corporation (FXNC)
About First National Corporation
First National Corporation operates as the bank holding company for First Bank that provides various commercial banking services to small and medium-sized businesses, individuals, estates, local governmental entities, and non-profit organizations in Virginia. The company's deposit products include checking, savings, money market, and individual retirement accounts, as well as certificates of deposit and treasury management solutions. Its loan products comprise construction loans, including residential, land acquisition, and development loans; 1-4 family residential real estate loans; and commercial real estate loans that are secured by commercial real estate, including multi-family residential buildings, office and retail buildings, hotels, industrial buildings, and religious facilities. The company's loan products also include commercial and industrial loans that are secured by business assets, such as accounts receivable, equipment, and inventory; home equity loans; and secured and unsecured consumer loans, such as lines of credit, automobile loans, deposit account loans, and installment and demand loans. In addition, it provides wealth management services, including estate planning, investment management of assets, trustee under an agreement, trustee under a will, and estate settlement. Further, the company offers title insurance and investment services; and holds other real estate owned and office sites, as well as provides internet and mobile banking, remote deposit capture, and other traditional banking services. It serves customers through 20 bank branch offices, a loan production office, and a customer service center, as well as through a network of ATMs. The company was founded in 1907 and is headquartered in Strasburg, Virginia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 49.05M | 56.86M | 45.01M | 37.69M | 36.56M | 35.97M | 32.75M | 30.88M | 28.29M | 25.40M | 24.71M | 26.07M | 26.00M | 26.46M | 23.91M | 24.07M | 24.17M | 22.73M | 20.60M | 17.73M | 14.59M | 11.95M | 10.22M | 9.02M | 8.65M | 1.49M | 1.10M | 767.90K | 803.24K |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 201.00K | 0.00 | 263.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 49.05M | 56.86M | 45.01M | 37.69M | 36.56M | 35.97M | 32.75M | 30.88M | 28.08M | 25.40M | 24.45M | 26.07M | 26.00M | 26.46M | 23.91M | 24.07M | 24.17M | 22.73M | 20.60M | 17.73M | 14.59M | 11.95M | 10.22M | 9.02M | 8.65M | 1.49M | 1.10M | 767.90K | 803.24K |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 99.29% | 100.00% | 98.94% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 21.67M | 21.17M | 18.14M | 13.57M | 13.61M | 14.07M | 13.87M | 14.06M | 15.01M | 11.67M | 11.60M | 10.57M | 11.82M | 11.01M | 10.91M | 8.49M | 8.37M | 7.45M | 6.38M | 5.22M | 4.54M | 3.51M | 3.09M | 2.95M | 2.69M | 2.61M | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 910.00K | 813.00K | 666.00K | 355.00K | 651.00K | 548.00K | 576.00K | 562.00K | 530.00K | 426.00K | 345.00K | 430.00K | 425.00K | 503.00K | 532.00K | 510.00K | 541.00K | 598.00K | 290.00K | 380.04K | 340.10K | 332.57K | 246.33K | 184.81K | 189.63K | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 22.58M | 21.99M | 18.81M | 13.92M | 14.26M | 14.62M | 14.44M | 14.63M | 15.54M | 12.10M | 11.94M | 11.00M | 12.24M | 11.52M | 11.44M | 9.00M | 8.91M | 8.05M | 6.67M | 5.60M | 4.88M | 3.84M | 3.34M | 3.14M | 2.88M | 2.61M | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | 1.72M | -50.87M | -40.71M | -39.03M | -35.67M | -33.25M | -33.91M | -37.34M | -24.60M | -28.63M | -29.14M | -39.92M | -36.97M | -23.36M | -14.21M | -7.19M | -6.82M | -9.55M | -9.98M | -7.90M | -3.81M | -1.15M | 213.12K | -966.85K | 5.71M | 6.89M | 6.31M | 5.73M |
| Operating Expenses | 29.75M | 3.95M | -32.07M | -26.79M | -24.77M | -20.04M | -18.81M | -19.28M | -21.80M | -12.50M | -16.69M | -18.13M | -27.67M | -25.46M | -11.92M | -5.22M | 1.72M | 1.23M | -2.89M | -4.37M | -3.02M | 29.12K | 2.19M | 3.35M | 1.92M | 8.31M | 6.89M | 6.31M | 5.73M |
| Cost & Expenses | 29.75M | 3.95M | -32.07M | -26.79M | -24.77M | -20.04M | -18.81M | -19.28M | 201.00K | -12.50M | 263.00K | -18.13M | -27.67M | -25.46M | -11.92M | -5.22M | 1.72M | 1.23M | -2.89M | -4.37M | -3.02M | 29.12K | 2.19M | 3.35M | 1.92M | 8.31M | 6.89M | 6.31M | 5.73M |
| Interest Income | 57.61M | 49.30M | 37.06M | 32.75M | 32.79M | 31.05M | 27.57M | 25.16M | 22.08M | 20.32M | 21.08M | 23.36M | 25.58M | 27.15M | 27.37M | 30.91M | 35.50M | 32.95M | 26.01M | 20.52M | 17.74M | 17.06M | 17.36M | 16.95M | 15.22M | 14.08M | 11.97M | 10.83M | 9.94M |
| Interest Expense | 14.31M | 3.82M | 2.30M | 3.38M | 4.89M | 3.51M | 2.39M | 1.98M | 1.44M | 1.78M | 2.71M | 4.17M | 5.45M | 6.81M | 9.08M | 12.79M | 17.40M | 15.39M | 9.79M | 7.22M | 6.77M | 7.65M | 8.67M | 9.33M | 7.68M | 7.11M | 5.74M | 5.10M | 4.73M |
| Depreciation & Amortization | 0.00 | 1.52M | 1.43M | 1.47M | 1.64M | 1.81M | 2.01M | 2.17M | 642.00K | 967.00K | 1.01M | 1.11M | 1.18M | 1.60M | 1.58M | 1.28M | 1.22M | 1.17M | 1.03M | 1.06M | 1.16M | 849.35K | 540.36K | 494.38K | 618.56K | 428.11K | 419.75K | 443.27K | 424.14K |
| EBITDA | 0.00 | 22.26M | 14.35M | 12.37M | 13.43M | 14.23M | 12.43M | 10.40M | 5.48M | 12.12M | 6.67M | 4.87M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.00% | 43.25% | 28.82% | 29.34% | 33.08% | 49.31% | 44.48% | 40.05% | 24.48% | 54.62% | 35.51% | 34.69% | -1.89% | 9.82% | 56.74% | 83.65% | 112.13% | 110.54% | 91.00% | 81.32% | 87.25% | 107.35% | 126.72% | 142.64% | 129.30% | 685.41% | 765.20% | 979.96% | 865.55% |
| Operating Income | 11.76M | 23.08M | 12.95M | 10.91M | 11.79M | 15.93M | 13.95M | 11.60M | 6.28M | 12.91M | 7.76M | 7.93M | -1.68M | 1.01M | 11.99M | 18.86M | 25.89M | 23.96M | 17.71M | 13.36M | 11.57M | 11.98M | 12.41M | 12.37M | 10.57M | 9.81M | 7.99M | 7.08M | 6.53M |
| Operating Income Ratio | 23.97% | 40.59% | 28.76% | 28.94% | 32.26% | 44.29% | 42.58% | 37.56% | 22.21% | 50.81% | 31.42% | 30.43% | -6.45% | 3.80% | 50.14% | 78.33% | 107.10% | 105.42% | 85.99% | 75.34% | 79.30% | 100.24% | 121.44% | 137.16% | 122.16% | 656.74% | 726.99% | 922.23% | 812.74% |
| Total Other Income/Expenses | 47.00K | -6.63M | -5.31M | -4.46M | -4.66M | -4.09M | -3.86M | -4.09M | -5.22M | -3.01M | -4.32M | -2.06M | -5.45M | -5.81M | 9.00K | -106.00K | 363.00K | 0.00 | -10.00K | 387.23K | -6.77M | -7.65M | -8.67M | -9.33M | -7.68M | -7.11M | -5.74M | -5.10M | -4.73M |
| Income Before Tax | 11.81M | 20.75M | 12.95M | 10.91M | 11.79M | 12.42M | 10.17M | 8.25M | 3.61M | 11.13M | 5.25M | 3.81M | -7.13M | -5.81M | 2.90M | 6.06M | 8.49M | 8.56M | 7.93M | 6.14M | 4.80M | 4.33M | 3.73M | 3.04M | 2.89M | 2.70M | 2.25M | 1.98M | 1.80M |
| Income Before Tax Ratio | 24.07% | 36.49% | 28.76% | 28.94% | 32.26% | 34.53% | 31.06% | 26.71% | 12.77% | 43.81% | 21.25% | 14.60% | -27.41% | -21.95% | 12.15% | 25.19% | 35.12% | 37.69% | 38.48% | 34.62% | 32.92% | 36.20% | 36.55% | 33.71% | 33.37% | 180.58% | 204.62% | 258.48% | 223.56% |
| Income Tax Expense | 2.18M | 3.95M | 2.59M | 2.05M | 2.24M | 2.29M | 3.73M | 2.35M | 956.00K | 3.50M | -4.75M | 982.00K | 3.84M | -2.21M | 755.00K | 1.84M | 2.74M | 2.77M | 2.54M | 1.93M | 1.50M | 1.35M | 1.14M | 904.49K | 853.34K | 791.88K | 636.34K | 530.60K | 481.22K |
| Net Income | 9.62M | 16.80M | 10.36M | 8.86M | 9.56M | 10.14M | 6.45M | 5.90M | 2.66M | 7.63M | 10.01M | 2.82M | -10.96M | -3.60M | 2.15M | 4.22M | 5.75M | 5.80M | 5.39M | 4.21M | 3.30M | 2.98M | 2.60M | 2.14M | 2.03M | 1.90M | 1.61M | 1.45M | 1.31M |
| Net Income Ratio | 19.62% | 29.54% | 23.01% | 23.50% | 26.14% | 28.17% | 19.69% | 19.11% | 9.39% | 30.04% | 40.49% | 10.83% | -42.16% | -13.61% | 8.99% | 17.54% | 23.78% | 25.51% | 26.16% | 23.72% | 22.62% | 24.93% | 25.40% | 23.69% | 23.51% | 127.55% | 146.69% | 189.38% | 163.66% |
| EPS | 1.54 | 2.69 | 1.87 | 1.82 | 1.92 | 2.05 | 1.30 | 1.20 | 0.31 | 1.32 | 1.83 | 0.39 | -3.71 | -1.22 | 0.49 | 1.45 | 1.98 | 1.99 | 1.84 | 0.72 | 1.12 | 0.94 | 0.82 | 0.67 | 0.64 | 0.61 | 0.52 | 0.47 | 0.43 |
| EPS Diluted | 1.53 | 2.68 | 1.86 | 1.82 | 1.92 | 2.04 | 1.30 | 1.20 | 0.31 | 1.32 | 1.83 | 0.39 | -3.71 | -1.22 | 0.49 | 1.45 | 1.98 | 1.99 | 1.84 | 0.72 | 1.12 | 0.94 | 0.82 | 0.67 | 0.64 | 0.61 | 0.52 | 0.47 | 0.43 |
| Weighted Avg Shares Out | 6.27M | 6.25M | 5.55M | 4.88M | 4.96M | 4.95M | 4.94M | 4.92M | 4.92M | 4.90M | 4.90M | 4.90M | 2.96M | 2.95M | 2.92M | 2.91M | 2.91M | 2.91M | 2.93M | 2.93M | 2.96M | 3.16M | 3.16M | 3.18M | 3.17M | 3.14M | 3.10M | 3.09M | 3.09M |
| Weighted Avg Shares Out (Dil) | 6.28M | 6.26M | 5.56M | 4.88M | 4.97M | 4.96M | 4.95M | 4.93M | 4.92M | 4.90M | 4.90M | 4.90M | 2.96M | 2.95M | 2.92M | 2.91M | 2.91M | 2.91M | 2.93M | 2.93M | 2.96M | 3.16M | 3.16M | 3.18M | 3.17M | 3.15M | 3.10M | 3.09M | 3.09M |
Should Value Investors Buy First National (FXNC) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Are Investors Undervaluing First National (FXNC) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
FIRST NATIONAL CORPORATION INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of First National Corporation - FXNC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of First National Corporation (“the Company”) (NasdaqCM: FXNC) and Touchstone Bankshares, Inc....
First National (FXNC) Declares Buyout of Touchstone Bankshares
First National (FXNC) announces a deal to acquire Touchstone Bankshares. This deal is set to help FXNC fortify its deposit base, boost the scale of operations and expand its geographical locations.
FXNC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of First National Corporation Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of First National Corporation (NASDAQ: FXNC) and Touchstone Bankshares, Inc. is fair to First National shareholders. Under the terms of the proposed transaction, Touchstone shareholders...
First National Corporation to Acquire Touchstone Bankshares, Inc.
STRASBURG, Va. and PRINCE GEORGE, Va., March 26, 2024 (GLOBE NEWSWIRE) -- First National Corporation (“First National”) (NASDAQ: FXNC) and Touchstone Bankshares, Inc. (“Touchstone”) (OTCPK: TSBA) announced today they have entered into a definitive merger agreement for First National to...
Is First National (FXNC) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Is First National (FXNC) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
First National Corp. (FXNC) Loses -13.47% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
First National Corp. (FXNC) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
First National Corporation Reports Annual and Fourth Quarter 2023 Financial Results
STRASBURG, Va., Feb. 01, 2024 (GLOBE NEWSWIRE) -- First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $9.6 million and diluted earnings per common...
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