First National (FXNC) Stock Overview

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. More details

FXNC fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	4/6
Past Performance	1/6
Financial Health	6/6
Dividends	4/6

Rewards

Earnings are forecast to grow 53.67% per year

Pays a reliable dividend of 2.72%

Risk Analysis

Shareholders have been substantially diluted in the past year

Large one-off items impacting financial results

Profit margins (11.1%) are lower than last year (16.1%)

FXNC Community Fair Values

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First National Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for First National
Historical stock prices
Current Share Price	US$22.78
52 Week High	US$26.97
52 Week Low	US$18.26
Beta	0.55
1 Month Change	-3.88%
3 Month Change	4.74%
1 Year Change	8.48%
3 Year Change	44.09%
5 Year Change	62.71%
Change since IPO	333.90%

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 19

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

Aug 20

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

May 14

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

May 02

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

Feb 23

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

Aug 15

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

May 15

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

Feb 16

First National goes ex-dividend tomorrow

Aug 24

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

Jul 26

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

May 17

First National's (NASDAQ:FXNC) Dividend Will Be Increased To US$0.14

Feb 15

Here's Why I Think First National (NASDAQ:FXNC) Is An Interesting Stock

May 04

Shareholder Returns

	FXNC	US Banks	US Market
7D	4.0%	1.4%	1.3%
1Y	8.5%	18.2%	16.7%

Return vs Industry: FXNC underperformed the US Banks industry which returned 18.3% over the past year.

Return vs Market: FXNC underperformed the US Market which returned 16.6% over the past year.

Price Volatility

Is FXNC's price volatile compared to industry and market?
FXNC volatility
FXNC Average Weekly Movement	3.1%
Banks Industry Average Movement	3.9%
Market Average Movement	6.5%
10% most volatile stocks in US Market	17.3%
10% least volatile stocks in US Market	3.0%

Stable Share Price: FXNC has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FXNC's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1907	303	Scott Harvard	www.fbvirginia.com

First National Corporation 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. The company’s deposit products include checking, savings, money market, and individual retirement accounts, as well as certificates of deposit and treasury management solutions. Its loan products also comprise construction loans, including residential, land acquisition, and development loans; 1-4 family residential real estate loans; and commercial real estate loans that are secured by commercial real estate, such as multi-family residential buildings, industrial and warehouse buildings, hotels, and religious facilities.

First National Corporation Fundamentals Summary

How do First National's earnings and revenue compare to its market cap?
FXNC fundamental statistics
Market cap	US$205.04m
Earnings (TTM)	US$7.96m
Revenue (TTM)	US$71.82m

25.7x

P/E Ratio

1.2x

P/B Ratio

Is FXNC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FXNC income statement (TTM)
Revenue	US$71.82m
Cost of Revenue	US$0
Gross Profit	US$71.82m
Other Expenses	US$63.86m
Earnings	US$7.96m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	0.89
Gross Margin	100.00%
Net Profit Margin	11.09%
Debt/Equity Ratio	31.9%

How did FXNC perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

64%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/23 18:39
End of Day Share Price	2025/10/23 00:00
Earnings	2025/06/30
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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 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

First National (FXNC) Stock Overview

Rewards

Risk Analysis

First National Corporation Competitors

Franklin Financial Services

Malaga Financial

First Community

LCNB

Price History & Performance

Recent News & Updates

Second quarter dividend of US$0.15 announced

Second quarter 2025 earnings released: EPS: US$0.56 (vs US$0.39 in 2Q 2024)

First National Corporation Reports Unaudited Net Charge Offs Results for the Second Quarter Ended June 30, 2025

First quarter dividend of US$0.15 announced

First National Corporation Declares Quarterly Cash Dividend, Payable on June 13, 2025

First quarter 2025 earnings: EPS and revenues miss analyst expectations

Recent updates

Second quarter dividend of US$0.15 announced

Second quarter 2025 earnings released: EPS: US$0.56 (vs US$0.39 in 2Q 2024)

First National Corporation Reports Unaudited Net Charge Offs Results for the Second Quarter Ended June 30, 2025

First quarter dividend of US$0.15 announced

First National Corporation Declares Quarterly Cash Dividend, Payable on June 13, 2025

First quarter 2025 earnings: EPS and revenues miss analyst expectations

First National Corporation Reports Net Charge-Offs for the First Quarter Ended March 31, 2025

Price target decreased by 8.7% to US$23.50

Price target decreased by 11% to US$24.00

First National Corporation, Annual General Meeting, May 14, 2025

First National Corporation and First Bank Appoint Brad E. Schwartz as Chief Financial Officer, Effective March 31, 2025

First National Corporation Appoints Joe Shearin, President, Greater Richmond Market

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

Fourth quarter dividend of US$0.15 announced

First National Corporation Declares Quarterly Cash Dividend, Payable on March 14, 2025

Full year 2024 earnings: EPS and revenues exceed analyst expectations

New major risk - Shareholder dilution

New minor risk - Shareholder dilution

Price target increased by 7.3% to US$25.75

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

Third quarter dividend increased to US$0.15

First National Corporation Announces Increase in Quarterly Cash Dividend, Payable on December 13, 2024

Third quarter 2024 earnings released: EPS: US$0.36 (vs US$0.50 in 3Q 2023)

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

Second quarter dividend of US$0.15 announced

Price target increased by 14% to US$21.00

First National Corporation Reports Net Charge-Offs for the Second Quarter Ended June 30, 2024

Independent Director recently bought US$117k worth of stock

Independent Director recently bought US$54k worth of stock

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

First quarter dividend of US$0.15 announced

Independent Director recently bought US$64k worth of stock

First National Corporation Reports Net Charge-Offs for the First Quarter Ended March 31, 2024

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

First quarter 2024 earnings released: EPS: US$0.51 (vs US$0.61 in 1Q 2023)

New minor risk - Market cap size

First National Corporation, Annual General Meeting, May 08, 2024

Price target decreased by 12% to US$18.50

First National Corporation (NasdaqCM:FXNC) entered into a definitive merger agreement to acquire Touchstone Bankshares, Inc. (OTCPK:TSBA) for $46.9 million.

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

Fourth quarter dividend of US$0.15 announced

Full year 2023 earnings released: EPS: US$1.54 (vs US$2.69 in FY 2022)

Price target increased by 17% to US$21.00

First National Corporation Reports Net Charge Offs for the Fourth Quarter Ended December 31, 2023

Insufficient new directors

Upcoming dividend of US$0.15 per share at 3.2% yield

First National Corporation Declares Quarterly Cash Dividend, Payable on December 8, 2023

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: US$0.50 (vs US$0.71 in 3Q 2022)

First National Corporation Reports Net Charge-Offs for the Third Quarter Ended September 30, 2023

Investor sentiment deteriorates as stock falls 15%

Upcoming dividend of US$0.15 per share at 3.5% yield

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

First National Corporation Announces Quarterly Cash Dividend, Payable on September 8, 2023

Second quarter 2023 earnings released: EPS: US$0.56 (vs US$0.61 in 2Q 2022)

Upcoming dividend of US$0.15 per share at 4.0% yield

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

Full year 2022 earnings released: EPS: US$2.69 (vs US$1.87 in FY 2021)

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

First National Corporation Announces Quarterly Cash Dividend, Payable on March 10, 2023

First National Corporation Reports Net Charge Offs for the Fourth Quarter Ended December 31, 2022

Full year 2022 earnings released: EPS: US$2.68 (vs US$1.87 in FY 2021)

First National Corporation Declares Quarterly Cash Dividend, Payable on December 16, 2022