See more : Equites Property Fund Limited (EQU.JO) Income Statement Analysis – Financial Results
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 |
First National Corp MA ADV Has $1.09 Million Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)
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Duke Energy Corp (NYSE:DUK) Stock Position Raised by First National Corp MA ADV
First National Corp MA ADV lifted its holdings in shares of Duke Energy Corp (NYSE:DUK) by 1.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,573...
First National Corp MA ADV Takes $774,000 Position in iShares MSCI EAFE Small-Cap ETF (NASDAQ:SCZ)
First National Corp MA ADV bought a new stake in shares of iShares MSCI EAFE Small-Cap ETF (NASDAQ:SCZ) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,260 shares of...
First National Corp MA ADV Has $274,000 Holdings in Vanguard Small-Cap ETF (NYSEARCA:VB)
First National Corp MA ADV grew its stake in Vanguard Small-Cap ETF (NYSEARCA:VB) by 180.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,384 shares of the company’s...
iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) Holdings Lifted by First National Corp MA ADV
First National Corp MA ADV increased its stake in iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned...
First National Corp MA ADV Trims Stake in Schwab US Small-Cap ETF (NYSEARCA:SCHA)
First National Corp MA ADV cut its holdings in Schwab US Small-Cap ETF (NYSEARCA:SCHA) by 31.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,209 shares of...
36,002 Shares in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) Purchased by First National Corp MA ADV
First National Corp MA ADV purchased a new stake in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 36,002 shares of...
Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Sold by First National Corp MA ADV
First National Corp MA ADV reduced its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 12.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 142,333 shares of the company’s stock after selling 19,674 shares during...
19,850 Shares in Invesco BulletShares 2022 Municipal Bond ETF (NYSEARCA:BSMM) Bought by First National Corp MA ADV
First National Corp MA ADV acquired a new stake in Invesco BulletShares 2022 Municipal Bond ETF (NYSEARCA:BSMM) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 19,850 shares of the...
First National Corp MA ADV Has $685,000 Holdings in Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB)
First National Corp MA ADV lessened its position in shares of Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) by 4.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 29,717 shares of...
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