First National Corporation FXNC R2K

Financial Services · Banks - Regional · United States

https://www.fbvirginia.com

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 also comprise construction loans, including residential and land development loans; 1-4 family residential real estate loans; and commercial real estate loans that are secured by commercial real estate, such as multi-family residential buildings, industrial and warehouse buildings, hotels, and religious facilities. In addition, the company's loan products include commercial and industrial loans; home equity loans; consumer loans, such as lines of credit, automobile loans, and unsecured loans. Further, it provides wealth management services comprising estate planning, investment management of assets, trustee under an agreement, trustee under a will, and estate settlement. Additionally, 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. First National Corporation was founded in 1907 and is headquartered in Strasburg, Virginia.

Market & Price

Market Cap

$251.29M

Current Price

$27.80

High / Low (52W)

$29.27 / $17.98

Beta

0.44

Valuation

Stock P/E

11.98

Industry PE

12.01

Forward P/E

11.05

PEG Ratio

Book Value

$20.86

Price to Book

1.33

P/S

2.82

EV/EBITDA

Dividend Yield

2.45%

Profitability & Returns

ROCE

ROE

11.75%

ROA

1.02%

Profit Margin

23.56%

Op Margin

31.21%

EPS (Latest Qtr)

$0.54

EPS (TTM)

$2.32

Balance Sheet & Liquidity

Debt/Equity

Quick Ratio

Current Ratio

Debt

$42.66M

Total Assets

$2.04B

Current Assets

Working Capital

Ownership

Promoter Holding

14.26%

Chg in Prom Hold

FII / Inst Holding

42.50%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$103.86M

Total Revenue (TTM)

$89.11M

EBITDA

Free Cash Flow

Operating Cash Flow

$27.99M

Shares Outstanding

9.04M

Gross Margin

0.00%

Payout Ratio

28.02%

Growth (CAGR)

Revenue 5Y

15.57%

Profit 5Y

1.77%

Revenue (YoY)

10.60%

Earnings (YoY)

203.40%

PROS

Excellent profit margin of 23.6%.
Compounding revenue at 15.6% over 5 years.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	FXNC First National Corporation R2K	27.80	11.98	$251.29M	2.45%	-	11.75%	15.57%	1.77%
2	JPM JPMorgan Chase & Co. SPX	299.31	14.33	$802.00B	2.00%	-	16.47%	12.50%	14.83%
3	V Visa Inc. SPX	326.36	28.48	$620.65B	0.82%	38.38%	60.35%	10.92%	10.28%
4	MA Mastercard Incorporated SPX	493.98	28.57	$436.47B	0.70%	61.47%	-	13.82%	14.66%
5	MS Morgan Stanley SPX	208.00	18.84	$328.08B	1.92%	-	16.39%	9.52%	15.20%
6	GS The Goldman Sachs Group, Inc. SPX	1,025.56	18.73	$302.55B	1.76%	-	14.55%	7.16%	15.11%
7	WFC Wells Fargo & Company SPX	77.54	11.98	$237.29B	2.32%	-	12.03%	4.02%	15.98%
8	BLK BlackRock, Inc. SPX	1,046.88	26.32	$162.51B	2.19%	4.89%	11.90%	10.65%	2.36%
9	SCHW The Charles Schwab Corporation SPX	87.35	17.37	$151.91B	1.47%	-	19.08%	4.83%	7.21%

Quarterly Results

Figures in USD.

Metric	Sep 2013	Mar 2014	Jun 2014	Sep 2014	Mar 2015	Jun 2015	Sep 2015	Mar 2016	Jun 2016	Sep 2016	Mar 2017	Jun 2017	Sep 2017	Mar 2018	Jun 2018	Sep 2018	Mar 2019	Jun 2019	Sep 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	1.84M	-	-	1.83M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20.62M	21.90M	21.92M	23.32M	21.93M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.57M	6.62M	6.79M	6.27M	5.65M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.90M	6.33M	6.82M	6.89M	6.07M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	297.00K	1.28M	1.27M	1.39M	1.18M
Net Income	1.24M	1.15M	1.54M	1.25M	544.00K	444.00K	726.00K	1.10M	1.43M	1.69M	1.54M	1.76M	1.83M	2.69M	2.45M	2.68M	2.26M	2.09M	2.49M	1.71M	2.24M	1.75M	2.44M	3.34M	2.40M	3.73M	3.83M	4.45M	3.85M	3.50M	3.12M	3.21M	2.44M	-	-	1.60M	5.05M	5.55M	5.50M	4.89M
Diluted EPS	-	0.19	0.26	0.19	0.04	0.02	0.08	0.22	0.29	0.34	0.31	0.36	0.37	0.54	0.49	0.54	0.46	0.42	0.50	0.34	0.46	0.36	0.50	0.69	0.38	0.60	0.61	0.71	0.61	0.56	0.50	0.51	0.39	-	-	0.18	0.56	0.62	0.61	0.54

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	7.18M	7.72M	-	-	-	56.85M	53.57M	64.40M	87.77M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	3.82M	14.31M	23.87M	26.25M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	20.75M	11.80M	8.05M	21.94M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	3.95M	2.18M	1.08M	4.24M
Net Income	2.15M	-3.60M	-10.96M	2.80M	9.87M	7.63M	2.65M	5.91M	6.45M	10.13M	9.56M	8.86M	-	16.80M	9.62M	6.97M	17.70M
Diluted EPS	-	-	-	-	-	1.32	0.31	1.20	1.30	2.04	1.92	1.82	-	2.68	1.53	1.00	1.96

Compounded Sales Growth

5 Years:	15.57%
1 Year:	10.60%

Compounded Profit Growth

5 Years:	1.77%
1 Year:	203.40%

Stock Price Performance

1 Year:	+41.24%
6 Months:	+15.21%
3 Months:	+5.35%
1 Month:	+0.07%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	544.63M	539.06M	532.70M	522.89M	518.16M	692.32M	716.00M	739.11M	752.97M	800.05M	950.93M	-	1.37B	1.42B	2.01B	2.04B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Equivalents	10.49M	14.98M	16.00M	29.52M	31.03M	31.51M	24.84M	39.33M	41.09M	39.99M	28.62M	-	-	-	66.91M	87.16M	162.87M	160.91M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.54M	4.66M	6.02M	6.47M
Total Liabilities	-	-	496.13M	501.97M	487.81M	469.33M	458.60M	646.37M	663.85M	680.96M	686.29M	722.83M	866.02M	-	1.26B	1.30B	1.84B	1.85B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	-	6.08M	6.05M	-	-	-	-	-	-	-	-	14.27M	14.28M	30.45M	42.59M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14.27M	64.28M	30.45M	42.59M
Total Equity	39.19M	54.81M	48.50M	37.10M	44.89M	53.56M	59.56M	45.95M	52.15M	58.15M	66.67M	77.22M	84.92M	-	108.36M	116.27M	166.53M	186.20M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.26M	6.26M	8.97M	9.03M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	4.29M	7.30M	10.44M	12.22M	8.68M	-	9.01M	6.57M	13.76M	11.85M	15.09M	-	26.77M	16.39M	-22.20M	25.11M
Investing Cash Flow	-311.00K	-3.61M	-261.00K	-2.28M	8.79M	-	-25.32M	-26.54M	-29.84M	-28.89M	-70.49M	-	-120.14M	-34.34M	136.83M	-29.41M
Financing Cash Flow	503.00K	-2.67M	3.35M	-8.44M	-16.99M	-	18.07M	18.87M	4.71M	34.21M	136.91M	-	-15.72M	38.20M	-38.91M	2.34M
Capital Expenditure	-	-	-	-	-	-	-	-	-	-	-	-	-1.18M	-1.87M	-3.30M	-4.18M
Free Cash Flow	-	-	-	-	-	-	-	-	-	-	-	-	25.59M	14.52M	-25.50M	20.93M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-109.09M	20.25M	75.71M	-1.96M
Share Buybacks	-	-	-	-	-	1.00K	-	0	25.00K	-	-	0	0	-	-	-

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Margin %	-	-	-	-	-	-	-	-	89.7%	131.3%	-	-	-	29.5%	18.0%	10.8%	20.2%
ROE %	3.9%	-7.4%	-29.5%	6.2%	18.4%	12.8%	5.8%	11.3%	11.1%	15.2%	12.4%	10.4%	-	15.5%	8.3%	4.2%	9.5%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Shareholding Pattern

Insiders

14.26%

Institutions

42.50%

Public Float

49.56%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Fourthstone LLC	15.60%	774.12K	$21.52M
2	Blackrock Inc.	8.06%	399.91K	$11.12M
3	Vanguard Capital Management LLC	6.58%	326.46K	$9.07M
4	Petiole USA Ltd	6.20%	307.94K	$8.56M
5	Siena Capital Partners GP, LLC	5.56%	276.04K	$7.67M
6	Cutler Capital Management, LLC	4.11%	204.11K	$5.67M
7	Geode Capital Management, LLC	3.62%	179.62K	$4.99M
8	De Lisle Partners LLP	2.78%	138.11K	$3.84M
9	State Street Corporation	2.36%	117.24K	$3.26M
10	Acadian Asset Management. LLC	2.01%	99.71K	$2.77M

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