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
3Y+85.0%
5Y+180.0%
10Y+241.0%
3Y+5.0%
5Y+100.0%
10Y+200.0%
3Y-6.0%
5Y+67.0%
10Y+180.0%
First National Corporation

First National Corporation Profit Bridge

FXNC ยท NASDAQ
Revenue112.20M
Cost of Goods Sold (29.14M)
Gross Profit83.07M
Operating Expenses (61.12M)
Operating Income21.94M
Interest Expense (26.25M)
Other Income/Expense0.00
Pretax Income21.94M
Income Tax (4.24M)
Net Income17.70M
Net Income
17.70M

Profitability Analysis

Gross Margin

74.0%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

19.6%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

15.8%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

19.3%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

First National Corporation Income Statement

FXNC โ€ข NASDAQ

First National Corporation Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
112.2M
88.3M
67.9M
60.7M
46.2M
40.1M
40.6M
39.5M
35.1M
32.9M
29.5M
27.2M
27.2M
30M
30.8M
32.5M
33M
36.9M
41.6M
38.1M
GROSS PROFIT
(29.1M)
(31.7M)
(20.5M)
(5.7M)
(1.7M)
(6.4M)
(5.3M)
(4.1M)
(2.5M)
(2M)
(1.3M)
-2.1M
(2.3M)
(7.7M)
(17.8M)
(18.5M)
(11.4M)
(14.8M)
(17.8M)
(15.8M)
83.1M
56.6M
47.4M
55M
44.5M
33.7M
35.2M
35.4M
32.8M
30.9M
28.1M
29.3M
24.9M
22.2M
13M
13.9M
21.6M
22.1M
23.8M
22.3M
OPERATING INCOME
(61.1M)
(48.5M)
(35.6M)
(34.3M)
(31.6M)
(22.8M)
(23.4M)
(23M)
(22.5M)
(22.6M)
(24.6M)
(18.1M)
(19.8M)
(18.5M)
(20.1M)
(19.7M)
(18.7M)
(16M)
(15.3M)
(13.8M)
(42M)
(27M)
(22.6M)
(22M)
(18.8M)
(13.9M)
(14.3M)
(14.1M)
(14.4M)
(14.6M)
(15.5M)
(12M)
(12.3M)
(11.3M)
(11.3M)
(11M)
(11.4M)
(10.4M)
(8.9M)
(8M)
21.9M
8M
11.8M
20.7M
12.9M
10.9M
11.8M
12.4M
10.2M
8.3M
3.6M
11.1M
5.1M
3.8M
-7.1M
-5.8M
2.9M
6.1M
8.5M
8.6M
PRE-TAX INCOME
(26.3M)
(23.9M)
(14.3M)
(3.8M)
(2.3M)
(3.4M)
(4.9M)
(3.5M)
(2.4M)
(2M)
(1.4M)
(1.8M)
(2.7M)
(4.2M)
(5.5M)
(6.8M)
(9.1M)
(12.8M)
(17.4M)
(15.4M)
73.2M
52.3M
43.3M
45.5M
34.8M
29.4M
27.9M
27.5M
25.2M
23.2M
20.6M
18.5M
18.4M
19.2M
20.1M
20.3M
18.3M
18M
18.1M
17.6M
(19.1M)
(21.5M)
(13M)
(12.3M)
(12.8M)
(8.9M)
(9.2M)
(8.8M)
(8M)
(8M)
(9M)
(6.2M)
(7.5M)
(7.2M)
(8.8M)
(8.7M)
(7.3M)
(5.7M)
(6.4M)
(5.7M)
21.9M
8M
11.8M
20.7M
12.9M
10.9M
11.8M
12.4M
10.2M
8.3M
3.6M
11.1M
5.1M
3.8M
-7.1M
-5.8M
2.9M
6.1M
8.5M
8.6M
NET INCOME
(4.2M)
(1.1M)
(2.2M)
(4M)
(2.6M)
(2M)
(2.2M)
(2.3M)
(3.7M)
(2.3M)
(956K)
(3.5M)
-4.8M
(965K)
(3.8M)
-2.2M
(755K)
(1.8M)
(2.7M)
(2.8M)
17.7M
7M
9.6M
16.8M
10.4M
8.9M
9.6M
10.1M
6.4M
5.9M
2.7M
7.6M
9.9M
2.8M
-11M
-3.6M
2.1M
4.2M
5.7M
5.8M

SEC Filings

FXNC - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 14, 2026
May 13, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 13, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 13, 2026
May 13, 2026
2026
8-K

8-K 2026

N/A

April 30, 2026
April 30, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 02, 2026
May 13, 2026
2026
10-K

10-K 2025 FY

FY

March 25, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 12, 2026
February 11, 2026
2026
8-K

8-K 2026

N/A

February 12, 2026
February 11, 2026
2026
8-K

8-K 2026

N/A

January 29, 2026
January 29, 2026
2026
10-Q

10-Q 2025 Q3

Q3

November 14, 2025
September 30, 2025
2025
Showing 1 to 10 of 364 filings