First National Third Quarter 2023 Earnings: EPS: US$0.50 (vs US$0.71 in 3Q 2022)

First National (NASDAQ:FXNC) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$13.6m (down 6.3% from 3Q 2022).
• Net income: US$3.12m (down 30% from 3Q 2022).
• Profit margin: 23% (down from 31% in 3Q 2022). The decrease in margin was primarily driven by lower revenue.
• EPS: US$0.50 (down from US$0.71 in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

First National's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for First National (1 is a bit unpleasant!) that you need to take into consideration.

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