First National Management
Management criteria checks 3/4
First National's CEO is Scott Harvard, appointed in May 2011, has a tenure of 14.58 years. total yearly compensation is $1.29M, comprised of 35.6% salary and 64.4% bonuses, including company stock and options. directly owns 0.71% of the company’s shares, worth $1.63M. The average tenure of the management team and the board of directors is 2.7 years and 10.1 years respectively.
Key information
Scott Harvard
Chief executive officer
US$1.3m
Total compensation
| CEO salary percentage | 35.56% |
| CEO tenure | 14.6yrs |
| CEO ownership | 0.7% |
| Management average tenure | 2.7yrs |
| Board average tenure | 10.1yrs |
Recent management updates
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 19First National's (NASDAQ:FXNC) Dividend Will Be $0.15
Aug 20First National (NASDAQ:FXNC) Is Due To Pay A Dividend Of $0.15
May 14Here's Why It's Unlikely That First National Corporation's (NASDAQ:FXNC) CEO Will See A Pay Rise This Year
May 02First National (NASDAQ:FXNC) Will Pay A Dividend Of $0.15
Feb 23First National (NASDAQ:FXNC) Is Due To Pay A Dividend Of $0.15
Aug 15First National (NASDAQ:FXNC) Is Due To Pay A Dividend Of $0.15
May 15First National's (NASDAQ:FXNC) Dividend Will Be Increased To $0.15
Feb 16First National goes ex-dividend tomorrow
Aug 24First National GAAP EPS of $0.61, revenue of $14.07M
Jul 26First National (NASDAQ:FXNC) Has Announced That It Will Be Increasing Its Dividend To US$0.14
May 17First National's (NASDAQ:FXNC) Dividend Will Be Increased To US$0.14
Feb 15CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | US$11m |
| Jun 30 2025 | n/a | n/a | US$8m |
| Mar 31 2025 | n/a | n/a | US$5m |
| Dec 31 2024 | US$1m | US$459k | US$7m |
| Sep 30 2024 | n/a | n/a | US$7m |
| Jun 30 2024 | n/a | n/a | US$8m |
| Mar 31 2024 | n/a | n/a | US$9m |
| Dec 31 2023 | US$593k | US$436k | US$10m |
| Sep 30 2023 | n/a | n/a | US$15m |
| Jun 30 2023 | n/a | n/a | US$17m |
| Mar 31 2023 | n/a | n/a | US$17m |
| Dec 31 2022 | US$774k | US$406k | US$17m |
| Sep 30 2022 | n/a | n/a | US$14m |
| Jun 30 2022 | n/a | n/a | US$12m |
| Mar 31 2022 | n/a | n/a | US$12m |
| Dec 31 2021 | US$601k | US$363k | US$10m |
| Sep 30 2021 | n/a | n/a | US$11m |
| Jun 30 2021 | n/a | n/a | US$11m |
| Mar 31 2021 | n/a | n/a | US$10m |
| Dec 31 2020 | US$582k | US$348k | US$9m |
| Sep 30 2020 | n/a | n/a | US$8m |
| Jun 30 2020 | n/a | n/a | US$9m |
| Mar 31 2020 | n/a | n/a | US$9m |
| Dec 31 2019 | US$462k | US$328k | US$10m |
| Sep 30 2019 | n/a | n/a | US$9m |
| Jun 30 2019 | n/a | n/a | US$9m |
| Mar 31 2019 | n/a | n/a | US$10m |
| Dec 31 2018 | US$505k | US$319k | US$10m |
Compensation vs Market: Scott's total compensation ($USD1.29M) is about average for companies of similar size in the US market ($USD1.47M).
Compensation vs Earnings: Scott's compensation has increased by more than 20% in the past year.
CEO
Scott Harvard (70 yo)
Mr. Scott C. Harvard has been the President and Chief Executive Officer of First National Corporation since May 09, 2011 and has been its Director since August 3, 2011. He has been Chief Executive Officer...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14.6yrs | US$1.29m | 0.71% $ 1.6m | |
| Independent Vice Chair of the Board & Secretary | 18.2yrs | US$55.38k | 4.46% $ 10.2m | |
| Senior EVP & COO | 11.3yrs | US$781.51k | 0.43% $ 987.9k | |
| Executive VP & CFO | less than a year | no data | 0.055% $ 127.5k | |
| Market President | 2.7yrs | no data | no data | |
| Senior VP and Market President of Staunton | 10.6yrs | no data | no data | |
| President of Greater Richmond Market | less than a year | no data | no data | |
| SVP of Regional Market Executive | less than a year | no data | no data |
Experienced Management: FXNC's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14.3yrs | US$1.29m | 0.71% $ 1.6m | |
| Independent Vice Chair of the Board & Secretary | 18.2yrs | US$55.38k | 4.46% $ 10.2m | |
| Independent Chair of the Board | 33.9yrs | US$64.80k | 0.21% $ 477.9k | |
| Independent Director | 24.9yrs | US$54.10k | 3.8% $ 8.7m | |
| Independent Director | 11.3yrs | US$54.10k | 0.21% $ 476.1k | |
| Independent Director | 1.2yrs | US$16.10k | 1.1% $ 2.5m | |
| Independent Director | 11.3yrs | US$54.10k | 0.34% $ 772.6k | |
| Independent Director | 4.4yrs | US$54.10k | 0.54% $ 1.2m | |
| Independent Director | 8.9yrs | US$54.10k | 0.095% $ 219.3k | |
| Independent Director | 7.3yrs | US$54.10k | 0.29% $ 660.6k | |
| Independent Director | 4.9yrs | US$54.10k | 0.36% $ 831.6k | |
| Independent Director | 1.2yrs | US$16.10k | 0.062% $ 142.9k |
Experienced Board: FXNC's board of directors are seasoned and experienced ( 10.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/12/30 23:09 |
| End of Day Share Price | 2025/12/29 00:00 |
| Earnings | 2025/09/30 |
| 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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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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Industry and Sector Metrics
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Analyst Sources
First National Corporation is covered by 2 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 |
|---|---|
| David Bishop | Hovde Group, LLC |
| John Rodis | Janney Montgomery Scott LLC |