First National Corporation

NasdaqCM:FXNC Stock Report

Market Cap: US$251.5m

First National Management

Management criteria checks 4/4

First National's CEO is Scott Harvard, appointed in May 2011, has a tenure of 14.75 years. total yearly compensation is $923.32K, comprised of 55.2% salary and 44.8% bonuses, including company stock and options. directly owns 0.79% of the company’s shares, worth $1.99M. The average tenure of the management team and the board of directors is 3.1 years and 8.5 years respectively.

Key information

Scott Harvard

Chief executive officer

US$923.3k

Total compensation

CEO salary percentage55.18%
CEO tenure15yrs
CEO ownership0.8%
Management average tenure3.1yrs
Board average tenure8.5yrs

Recent management updates

Recent updates

Analysis Article • Feb 17

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

First National Corporation's ( NASDAQ:FXNC ) investors are due to receive a payment of $0.155 per share on 14th of...
Analysis Article • Nov 19

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

First National Corporation ( NASDAQ:FXNC ) has announced that it will be increasing its periodic dividend on the 13th...
Analysis Article • Aug 20

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

The board of First National Corporation ( NASDAQ:FXNC ) has announced that it will pay a dividend on the 13th of...
Analysis Article • May 14

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

First National Corporation ( NASDAQ:FXNC ) has announced that it will pay a dividend of $0.15 per share on the 7th of...
Analysis Article • May 02

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

Key Insights First National's Annual General Meeting to take place on 8th of May Total pay for CEO Scott Harvard...
Analysis Article • Feb 23

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

First National Corporation's ( NASDAQ:FXNC ) investors are due to receive a payment of $0.15 per share on 15th of...
Analysis Article • Aug 15

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

First National Corporation ( NASDAQ:FXNC ) has announced that it will pay a dividend of $0.15 per share on the 8th of...
Analysis Article • May 15

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

First National Corporation ( NASDAQ:FXNC ) has announced that it will pay a dividend of $0.15 per share on the 9th of...
Analysis Article • Feb 16

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

First National Corporation ( NASDAQ:FXNC ) will increase its dividend on the 10th of March to $0.15, which is 7.1...
Seeking Alpha • Aug 24

First National goes ex-dividend tomorrow

First National (NASDAQ:FXNC) had declared $0.14/share quarterly dividend, in line with previous. Forward yield 3.26% Payable Sept. 9; for shareholders of record Aug. 26; ex-div Aug. 25. See FXNC Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Jul 26

First National GAAP EPS of $0.61, revenue of $14.07M

First National press release (NASDAQ:FXNC): Q2 GAAP EPS of $0.61. Revenue of $14.07M (+41.7% Y/Y). Noninterest income increased $345 thousand, or 14%, to $2.8 million for the second quarter of 2022, compared to the same period of 2021. Loans increased $43.7 million, or 20%, annualized. Noninterest-bearing deposits increased $13.5 million, or 12%, annualized. Net interest income increased $742 thousand, or 7%, to $11.3 million. Return on average assets was 1.08%. Return on average equity was 15.04%. Net interest margin improved to 3.42% from 3.19%. Efficiency ratio improved to 62.69% from 64.36%.
Analysis Article • May 17

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

First National Corporation's ( NASDAQ:FXNC ) dividend will be increasing to US$0.14 on 10th of June. Based on the...

CEO Compensation Analysis

How has Scott Harvard's remuneration changed compared to First National's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

US$21m

Dec 31 2025US$923kUS$510k

US$18m

Sep 30 2025n/an/a

US$11m

Jun 30 2025n/an/a

US$8m

Mar 31 2025n/an/a

US$5m

Dec 31 2024US$1mUS$459k

US$7m

Sep 30 2024n/an/a

US$7m

Jun 30 2024n/an/a

US$8m

Mar 31 2024n/an/a

US$9m

Dec 31 2023US$593kUS$436k

US$10m

Sep 30 2023n/an/a

US$15m

Jun 30 2023n/an/a

US$17m

Mar 31 2023n/an/a

US$17m

Dec 31 2022US$774kUS$406k

US$17m

Sep 30 2022n/an/a

US$14m

Jun 30 2022n/an/a

US$12m

Mar 31 2022n/an/a

US$12m

Dec 31 2021US$601kUS$363k

US$10m

Sep 30 2021n/an/a

US$11m

Jun 30 2021n/an/a

US$11m

Mar 31 2021n/an/a

US$10m

Dec 31 2020US$582kUS$348k

US$9m

Sep 30 2020n/an/a

US$8m

Jun 30 2020n/an/a

US$9m

Mar 31 2020n/an/a

US$9m

Dec 31 2019US$462kUS$328k

US$10m

Compensation vs Market: Scott's total compensation ($USD923.32K) is below average for companies of similar size in the US market ($USD1.66M).

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.

CEO

Scott Harvard (70 yo)

15yrs
Tenure
US$923,316
Compensation

Mr. Scott C. Harvard has been the Chief Executive Officer of First National Corporation since May 09, 2011 and serves as its President since May 09, 2011 and has been its Director since August 3, 2011. He...

Leadership Team

NamePositionTenureCompensationOwnership
Scott Harvard
President15yrsUS$923.32k0.79%
$ 2.0m
Gerald Smith
Independent Vice Chair of the Board & Secretary18.6yrsUS$65.51k4.44%
$ 11.2m
Brad Schwartz
Executive VP & CFO1.2yrsUS$497.90k0.072%
$ 180.0k
Dennis Dysart
Senior EVP & COO11.8yrsUS$514.74k0.48%
$ 1.2m
W. Ross
Market President3.1yrsno datano data
Paul Martin
Senior VP and Market President of Staunton11yrsno datano data
Joe Shearin
President of Greater Richmond Market1.3yrsno datano data
Chris Layne
SVP of Regional Market Executiveless than a yearno datano data
3.1yrs
Average Tenure
63yo
Average Age

Experienced Management: FXNC's management team is considered experienced (3.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Scott Harvard
President14.8yrsUS$923.32k0.79%
$ 2.0m
Gerald Smith
Independent Vice Chair of the Board & Secretary18.6yrsUS$65.51k4.44%
$ 11.2m
James Wilkins
Independent Director25.3yrsUS$64.16k3.79%
$ 9.5m
W. Funk
Independent Director11.8yrsUS$64.16k0.21%
$ 519.4k
Norman Wagstaff
Independent Director1.6yrsUS$64.16k1.1%
$ 2.8m
Emily Beck
Independent Director11.8yrsUS$64.16k0.34%
$ 847.8k
William Wilkinson
Independent Director1.6yrsUS$64.16k0.25%
$ 629.4k
George Holt
Independent Director4.8yrsUS$64.16k0.56%
$ 1.4m
Boyce Brannock
Independent Director9.3yrsUS$64.16k0.096%
$ 242.3k
Jason Aikens
Independent Director7.8yrsUS$64.16k0.29%
$ 733.5k
Kirtesh Patel
Independent Director5.3yrsUS$64.16k0.36%
$ 907.2k
Toni Lee-Andrews
Independent Director1.6yrsUS$64.16k0.062%
$ 156.5k
8.5yrs
Average Tenure
63yo
Average Age

Experienced Board: FXNC's board of directors are considered experienced (8.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/26 19:08
End of Day Share Price 2026/05/22 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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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 1 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.

AnalystInstitution
David BishopHovde Group, LLC