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

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).

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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