Stock Analysis

First National Third Quarter 2024 Earnings: EPS: US$0.36 (vs US$0.50 in 3Q 2023)

NasdaqCM:FXNC
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First National (NASDAQ:FXNC) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$13.3m (down 2.8% from 3Q 2023).
  • Net income: US$2.25m (down 28% from 3Q 2023).
  • Profit margin: 17% (down from 23% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
  • EPS: US$0.36 (down from US$0.50 in 3Q 2023).
earnings-and-revenue-growth
NasdaqCM:FXNC Earnings and Revenue Growth November 11th 2024

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

First National Earnings Insights

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 5.6% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for First National that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

About NasdaqCM:FXNC

First National

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.

Flawless balance sheet with high growth potential and pays a dividend.