FIRST NATIONAL CORP /VA/ FXNC

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

First National Corporation (the Company) is a bank holding company incorporated under Virginia law on September 7, 1983. The Company owns all of the stock of its primary operating subsidiary, First Bank (the Bank), which is a commercial bank chartered under Virginia law. The Company's subsidiaries are:

First Bank Financial Services, Inc.

First National (VA) Statutory Trust III (Trust III and, together with Trust II, the Trusts)

First Bank Financial Services, Inc. owns an interest in an entity that provides title insurance services. Shen-Valley Land Holdings, LLC was formed to hold other real estate owned and future office sites. McKenney Group, LLC owns an interest in a now inactive entity that previously provided insurance services. The Trusts were formed for the purpose of issuing redeemable capital securities, commonly known as trust preferred securities and are not included in the Company's consolidated financial statements in accordance with authoritative accounting guidance because management has determined that the Trusts qualify as variable interest entities.

Last close 31.60 2026-09-04
Market cap $285.7M 2026-06-30 share count
52-week range 21.59 - 33.24

Valuation FY2025 figures against the last close

P/S20.0x
P/E16.1x
P/FCF13.7x
EV/EBITDA—
Dividend yield1.9%
Diluted EPS1.96

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $14.3M$14.2M$10.2M$10.1M$9.0M$7.5M$7.8M$7.7M$7.2M$25.2M
Interest expense $73.2M$52.5M$43.4M$3.8M$2.3M$3.4M$4.9M$3.5M$2.4M$2.0M
Pre-tax income $21.9M$8.0M$11.8M$20.7M$12.9M$10.9M$11.8M$12.4M$10.2M$8.3M
Income tax $4.2M$1.1M$2.2M$4.0M$2.6M$2.0M$2.2M$2.3M$3.7M$2.4M
Net income $17.7M$7.0M$9.6M$16.8M$10.4M$8.9M$9.6M$10.1M$6.4M$5.9M
EPS, basic 1.971.001.542.691.871.821.922.051.301.20
EPS, diluted 1.961.001.532.681.861.821.922.041.301.20
Shares, diluted (wtd. avg.) 9.0M7.0M6.3M6.3M5.6M4.9M5.0M5.0M4.9M4.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $160.9M$162.9M$87.2M$20.8M$18.7M$13.1M$9.7M$28.6M$40.0M$41.1M
Property, plant and equipment $34.6M$34.8M$22.1M$21.9M$22.4M$19.3M$19.7M$20.1M$19.9M$20.8M
Goodwill $3.0M$3.0M$3.0M$3.0M$3.0M$0————
Other intangibles $13.2M$15.0M$117.0K$136.0K$154.0K$19.0K$170.0K$472.0K——
Total assets $2.04B$2.01B$1.42B$1.37B$1.39B$950.9M$800.0M$753.0M$739.1M$716.0M
Total liabilities $1.85B$1.84B$1.30B$1.26B$1.27B$866.0M$722.8M$686.3M$681.0M$663.8M
Retained earnings $108.9M$96.9M$94.2M$90.3M$77.0M$69.3M$62.6M$54.8M$45.7M$39.8M
Total equity $186.2M$166.5M$116.3M$108.4M$117.0M$84.9M$77.2M$66.7M$58.2M$52.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $25.1M-$22.2M$16.4M$26.8M$7.9M$15.1M$11.9M$13.8M$6.6M$9.0M
Depreciation and amortisation $2.8M$1.9M$1.6M$1.5M$1.4M$1.3M$1.3M$1.3M$1.4M$1.4M
Stock-based compensation $1.2M$635.0K$753.0K$785.0K$354.0K$290.0K$183.0K$189.0K$141.0K$113.0K
Capital expenditure $4.2M$3.3M$1.9M$1.2M$835.0K$909.0K$1.0M$1.5M$1.1M$1.0M
Investing cash flow -$29.4M$136.8M-$34.3M-$120.1M-$126.3M-$70.5M-$28.9M-$29.8M-$26.5M-$25.3M
Financing cash flow $2.3M-$38.9M$38.2M-$15.7M$167.1M$136.9M$34.2M$4.7M$18.9M$18.1M
Dividends paid $5.5M$4.0M$3.6M$3.3M$2.5M$2.0M$1.7M$929.0K$646.0K$550.0K
Buybacks ———$0$0——$25.0K$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-009748.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10M 20M 30M Revenue, FY2016: 25.2M Net income, FY2016: 5.9M Revenue, FY2017: 7.2M Net income, FY2017: 6.4M Revenue, FY2018: 7.7M Net income, FY2018: 10.1M Revenue, FY2019: 7.8M Net income, FY2019: 9.6M Revenue, FY2020: 7.5M Net income, FY2020: 8.9M Revenue, FY2021: 9M Net income, FY2021: 10.4M Revenue, FY2022: 10.1M Net income, FY2022: 16.8M Revenue, FY2023: 10.2M Net income, FY2023: 9.6M Revenue, FY2024: 14.2M Net income, FY2024: 7M Revenue, FY2025: 14.3M Net income, FY2025: 17.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $25.2M $7.2M $7.7M $7.8M $7.5M $9.0M $10.1M $10.2M $14.2M $14.3M
Gross profit — — — — — — — — — —
Net income $5.9M $6.4M $10.1M $9.6M $8.9M $10.4M $16.8M $9.6M $7.0M $17.7M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Other event Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 6022

TickerCompanyMarket capP/ERevenue growth
BNY Bank of New York Mellon Corp $111.84B 22.3x 7.8%
STT STATE STREET CORP $53.36B 20.7x 7.3%
FITB FIFTH THIRD BANCORP $49.76B 15.5x -5.0%
MTB M&T BANK CORP $34.64B 14.1x 7.5%
NTRS NORTHERN TRUST CORP $34.15B 21.4x 6.1%
CFG CITIZENS FINANCIAL GROUP INC/RI $29.81B 18.3x 6.7%
FCNCA FIRST CITIZENS BANCSHARES INC /DE/ $25.48B 13.4x -2.2%
EWBC EAST WEST BANCORP INC $17.92B 13.7x 2.4%