FXNC Stock Overview

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. More details

FXNC fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	1/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 51.6% below our estimate of its fair value

Earnings are forecast to grow 46.02% per year

Pays a reliable dividend of 2.76%

Risk Analysis

Shareholders have been substantially diluted in the past year

Large one-off items impacting financial results

Profit margins (12%) are lower than last year (19.6%)

Community vs My Fair Value

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First National Corporation Competitors

Princeton Bancorp

NasdaqGS:BPRN

US$211.3m

LCNB

NasdaqCM:LCNB

US$211.9m

Malaga Financial

OTCPK:MLGF

US$194.6m

ESSA Bancorp

NasdaqGS:ESSA

US$191.2m

Price History & Performance

Summary of share price highs, lows and changes for First National
Historical stock prices
Current Share Price	US$22.45
52 Week High	US$26.97
52 Week Low	US$14.50
Beta	0.57
1 Month Change	-8.48%
3 Month Change	-2.43%
1 Year Change	39.27%
3 Year Change	6.90%
5 Year Change	59.90%
Change since IPO	327.62%

First National's (NASDAQ:FXNC) Dividend Will Be $0.155

Feb 17

Recent updates

First National's (NASDAQ:FXNC) Dividend Will Be $0.155

Feb 17

First National (NASDAQ:FXNC) Will Pay A Larger Dividend Than Last Year At $0.155

Nov 19

First National's (NASDAQ:FXNC) Dividend Will Be $0.15

Aug 20

First National (NASDAQ:FXNC) Is Due To Pay A Dividend Of $0.15

May 14

Here's Why It's Unlikely That First National Corporation's (NASDAQ:FXNC) CEO Will See A Pay Rise This Year

May 02

First National (NASDAQ:FXNC) Has Announced That It Will Be Increasing Its Dividend To US$0.14

May 17

First National's (NASDAQ:FXNC) Dividend Will Be Increased To US$0.14

Feb 15

First National goes ex-dividend tomorrow

May 26

Here's Why I Think First National (NASDAQ:FXNC) Is An Interesting Stock

May 04

First National reports Q1 results

Apr 30

Shareholder Returns

	FXNC	US Banks	US Market
7D	-3.1%	-2.5%	-3.4%
1Y	39.3%	15.2%	6.1%

Return vs Industry: FXNC exceeded the US Banks industry which returned 13.9% over the past year.

Return vs Market: FXNC exceeded the US Market which returned 5.8% over the past year.

Price Volatility

Is FXNC's price volatile compared to industry and market?
FXNC volatility
FXNC Average Weekly Movement	3.2%
Banks Industry Average Movement	3.8%
Market Average Movement	6.4%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.3%

Stable Share Price: FXNC has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FXNC's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1907	n/a	Scott Harvard	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 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.

First National Corporation Fundamentals Summary

How do First National's earnings and revenue compare to its market cap?
FXNC fundamental statistics
Market cap	US$202.37m
Earnings (TTM)	US$6.97m
Revenue (TTM)	US$58.02m

28.9x

P/E Ratio

1.2x

P/B Ratio

Is FXNC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FXNC income statement (TTM)
Revenue	US$58.02m
Cost of Revenue	US$0
Gross Profit	US$58.02m
Other Expenses	US$51.05m
Earnings	US$6.97m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.78
Gross Margin	100.00%
Net Profit Margin	12.01%
Debt/Equity Ratio	18.3%

How did FXNC perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

60%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/03/31 06:27
End of Day Share Price	2025/03/31 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First National Corporation is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Allan Bach	Davenport & Company
David Bishop	Hovde Group, LLC
John Rodis	Janney Montgomery Scott LLC

FXNC Stock Overview

Rewards

Risk Analysis

First National Corporation Competitors

NasdaqGS:BPRN

US$211.3m

NasdaqCM:LCNB

US$211.9m

OTCPK:MLGF

US$194.6m

NasdaqGS:ESSA

US$191.2m

Price History & Performance

Recent News & Updates

First National Corporation and First Bank Appoint Brad E. Schwartz as Chief Financial Officer, Effective March 31, 2025

First National Corporation Appoints Joe Shearin, President, Greater Richmond Market

First National's (NASDAQ:FXNC) Dividend Will Be $0.155

Fourth quarter dividend of US$0.15 announced

First National Corporation Declares Quarterly Cash Dividend, Payable on March 14, 2025

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Recent updates

First National Corporation and First Bank Appoint Brad E. Schwartz as Chief Financial Officer, Effective March 31, 2025

First National Corporation Appoints Joe Shearin, President, Greater Richmond Market

First National's (NASDAQ:FXNC) Dividend Will Be $0.155

Fourth quarter dividend of US$0.15 announced

First National Corporation Declares Quarterly Cash Dividend, Payable on March 14, 2025

Full year 2024 earnings: EPS and revenues exceed analyst expectations

New major risk - Shareholder dilution

New minor risk - Shareholder dilution

Price target increased by 7.3% to US$25.75

First National (NASDAQ:FXNC) Will Pay A Larger Dividend Than Last Year At $0.155

Third quarter dividend increased to US$0.15

First National Corporation Announces Increase in Quarterly Cash Dividend, Payable on December 13, 2024

Third quarter 2024 earnings released: EPS: US$0.36 (vs US$0.50 in 3Q 2023)

First National's (NASDAQ:FXNC) Dividend Will Be $0.15

Second quarter dividend of US$0.15 announced

Price target increased by 14% to US$21.00

First National Corporation Reports Net Charge-Offs for the Second Quarter Ended June 30, 2024

Independent Director recently bought US$117k worth of stock

Independent Director recently bought US$54k worth of stock

First National (NASDAQ:FXNC) Is Due To Pay A Dividend Of $0.15

First quarter dividend of US$0.15 announced

Independent Director recently bought US$64k worth of stock

First National Corporation Reports Net Charge-Offs for the First Quarter Ended March 31, 2024

Here's Why It's Unlikely That First National Corporation's (NASDAQ:FXNC) CEO Will See A Pay Rise This Year

First quarter 2024 earnings released: EPS: US$0.51 (vs US$0.61 in 1Q 2023)

New minor risk - Market cap size

First National Corporation, Annual General Meeting, May 08, 2024

Price target decreased by 12% to US$18.50

First National Corporation (NasdaqCM:FXNC) entered into a definitive merger agreement to acquire Touchstone Bankshares, Inc. (OTCPK:TSBA) for $46.9 million.

First National Corporation (NasdaqCM:FXNC) entered into a definitive merger agreement to acquire Touchstone Bankshares, Inc. (OTCPK:TSBA) for $46.9 million.

First National Corporation (NasdaqCM:FXNC) entered into a definitive merger agreement to acquire Touchstone Bankshares, Inc. (OTCPK:TSBA) for $47.3 million.

First National (NASDAQ:FXNC) Will Pay A Dividend Of $0.15

Fourth quarter dividend of US$0.15 announced

Full year 2023 earnings released: EPS: US$1.54 (vs US$2.69 in FY 2022)

Price target increased by 17% to US$21.00

First National Corporation Reports Net Charge Offs for the Fourth Quarter Ended December 31, 2023

Insufficient new directors

Upcoming dividend of US$0.15 per share at 3.2% yield

First National Corporation Declares Quarterly Cash Dividend, Payable on December 8, 2023

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: US$0.50 (vs US$0.71 in 3Q 2022)

First National Corporation Reports Net Charge-Offs for the Third Quarter Ended September 30, 2023

Investor sentiment deteriorates as stock falls 15%

Upcoming dividend of US$0.15 per share at 3.5% yield

First National (NASDAQ:FXNC) Is Due To Pay A Dividend Of $0.15

First National Corporation Announces Quarterly Cash Dividend, Payable on September 8, 2023

Second quarter 2023 earnings released: EPS: US$0.56 (vs US$0.61 in 2Q 2022)

Upcoming dividend of US$0.15 per share at 4.0% yield

First National (NASDAQ:FXNC) Is Due To Pay A Dividend Of $0.15

Full year 2022 earnings released: EPS: US$2.69 (vs US$1.87 in FY 2021)

First National's (NASDAQ:FXNC) Dividend Will Be Increased To $0.15

First National Corporation Announces Quarterly Cash Dividend, Payable on March 10, 2023

First National Corporation Announces Quarterly Cash Dividend, Payable on December 16, 2022

First National Corporation Reports Net Charge Offs for the Fourth Quarter Ended December 31, 2022

Full year 2022 earnings released: EPS: US$2.68 (vs US$1.87 in FY 2021)

First National Corporation Declares Quarterly Cash Dividend, Payable on December 16, 2022

Investor sentiment improved over the past week

First National Corporation Announces Unaudited Net Charge Offs for the Quarter Ended September 30, 2022

Third quarter 2022 earnings released: EPS: US$0.71 (vs US$0.39 in 3Q 2021)