First National Corporation

First National Corporation

FXNCยทNASDAQ

$27.52

-2.4%
Financial ServicesBanks - Regional

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.

At a Glance

Live Snapshot
Market Cap$248.81M
EPS1.9700
P/E Ratio13.97
Earnings Date07/29/2026
First National Corporation

First National Corporation Fair Value Envelope

FXNC ยท NASDAQ

Our analysis suggests that FXNC has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $27.52, this represents a potential HIDDEN relative to our calculated worth for First National Corporation.

Intrinsic Value
Current Price: $27.52

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$221.4B
+ Cash & Equivalents$160.9M
Firm Value$221.6B
- Debt$42.6M
Equity Value$221.5B
/ Shares Outstanding8,988,939B
DCF Value$24.6K
UNDERVALUED BY 89456%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$50.4M
$100.8M
$201.5M
$403.0M
$806.0M
$1.6B
$3.2B
$6.4B
$12.9B
$25.8B
Maintenance CapEx
-$1.7M
-$3.3M
-$6.7M
-$13.4M
-$26.8M
-$53.5M
-$107.0M
-$214.0M
-$428.0M
-$856.1M
Owner Earnings
$48.7M
$97.4M
$194.8M
$389.6M
$779.3M
$1.6B
$3.1B
$6.2B
$12.5B
$24.9B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$45.1M
$83.5M
$154.7M
$286.4M
$530.4M
$982.2M
$1.8B
$3.4B
$6.2B
$11.6B
Terminal Value represents 88.7% of Enterprise Value