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FXNCFirst National Corporation
$29.30$265M
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FXNC logoFirst National Corporation(FXNC)Earnings, Financials & Key Ratios

FXNC•NASDAQ•Banking & Credit
$29.30
14.9× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommunity and retail regional banks
AboutFirst 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 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, including multi-family residential buildings, office and retail buildings, hotels, industrial buildings, and religious facilities. The company's loan products also include commercial and industrial loans that are secured by business assets, such as accounts receivable, equipment, and inventory; home equity loans; and secured and unsecured consumer loans, such as lines of credit, automobile loans, deposit account loans, and installment and demand loans. In addition, it provides wealth management services, including estate planning, investment management of assets, trustee under an agreement, trustee under a will, and estate settlement. Further, the company offers title insurance and investment services; and holds other real estate owned and office sites, as well as provides internet and mobile banking, remote deposit capture, and other traditional banking services. It serves customers through 20 bank branch offices, a loan production office, and a customer service center, as well as through a network of ATMs. The company was founded in 1907 and is headquartered in Strasburg, Virginia.Show more
  • Net Interest Income$73M+40.2%
  • Total Revenue$112M+27.1%
  • Net Income$18M+154.1%
  • Return on Equity10.04%+103.8%
  • Net Interest Margin3.59%+38.3%
  • Efficiency Ratio54.47%-0.9%
  • ROA0.87%+115.3%
  • Equity / Assets9.14%+10.3%
  • Book Value per Share20.65-13.5%

FXNC Price & Volume

First National Corporation (FXNC) stock price & volume — 10-year historical chart

Loading chart...

Strategic Asset Scaling Drives Core Revenue Growth

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Accelerating
Profitability:Moderate
Financial:Fortress
Cash Flow:Improving
Primary Risk:Regional CRE Concentration

Key Thesis Takeaways

  • First National Corporation has successfully expanded its net interest income from $10.8M in 2023Q4 to $18.7M by 2026Q1, signaling effective market penetration within its Shenandoah Valley footprint.
  • While operational efficiency has improved with the efficiency ratio tightening to 56.8% in 2026Q1, the bank's heavy reliance on a $1.8B investment securities portfolio warrants caution regarding interest rate sensitivity.
  • Investors should monitor the volatility in credit provisioning, which fluctuated from a $4.8M peak in 2024Q4 to $450K in 2026Q1, as this remains a primary driver of bottom-line earnings variability.

Verdict Logic

while the bank shows improving operational leverage and a solid 0.09 equity-to-assets ratio, the high concentration of assets in securities and volatile credit provisioning suggest that earnings durability remains sensitive to external market factors.

FXNC Growth Metrics

First National Corporation (FXNC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years14.28%
5 Years22.85%
3 Years22.74%
TTM-

Profit CAGR

10 Years20.89%
5 Years14.85%
3 Years1.77%
TTM292.01%

EPS CAGR

10 Years20.25%
5 Years1.49%
3 Years-9.9%
TTM180.72%

Return on Capital

10 Years11.91%
5 Years10.1%
3 Years7.9%
Last Year9.86%

FXNC Recent Earnings

First National Corporation (FXNC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 4/12 qtrs (40%)●Beat Revenue 2/12 qtrs (33%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$0.54+3.8%
$0.52
Rev
$23M-3.4%
$23M
Q1 2026
Jan 29, 2026
Metric
Actual
Est
EPS
$0.62+3.3%
$0.60
Rev
$24M+6.1%
$23M
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$0.58+0.0%
$0.58
Rev
$23M+1.0%
$23M
Q3 2025
Jul 30, 2025
Metric
Actual
Est
EPS
$0.57+16.3%
$0.49
Rev
$22M-3.1%
$23M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$0.54vs $0.52+3.8%
$23Mvs $23M-3.4%
Q1 2026Jan 29, 2026
$0.62vs $0.60+3.3%
$24Mvs $23M+6.1%
Q4 2025Oct 30, 2025
$0.58vs $0.58+0.0%
$23Mvs $23M+1.0%
Q3 2025Jul 30, 2025
$0.57vs $0.49+16.3%
$22Mvs $23M-3.1%
Based on last 12 quarters of dataView full earnings history →

Latest FXNC News

Recent stock market news and headlines for First National Corporation (FXNC)

Zacks Investment Research·Jun 20, 2026
Are You Looking for a High-Growth Dividend Stock?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First National (FXNC) have what it takes?

Peers Comparison

Key metrics vs top competitors for First National Corporation (FXNC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FXNC logoFXNCFirst National CorporationCurrent
$29.30$264.9M14.9527.11%15.78%10.04%2.09%
NKSH logoNKSHNational Bankshares, Inc.
$36.20$230.54M14.547.88%20.41%9.76%—
CZWI logoCZWICitizens Community Bancorp, Inc.
$23.29$224.61M15.95-9.41%16.49%8%—
MNSB logoMNSBMainStreet Bancshares, Inc.
$24.06$171.21M13.67-1.44%12.96%7.98%—
FBIZ logoFBIZFirst Business Financial Services, Inc.
$63.34$528.43M10.456.43%18.74%14.12%—
FUNC logoFUNCFirst United Corporation
$43.96$283.4M11.666.6%20.89%12.7%—

Compare FXNC vs Peers

First National Corporation (FXNC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NKSH

Most directly comparable listed peer for FXNC.

Scale Benchmark

vs NTRS

Larger-name benchmark to compare FXNC against a more recognizable public peer.

Peer Set

Compare Top 5

vs NKSH, CZWI, MNSB, FBIZ

FXNC SEC Filings & Documents

First National Corporation (FXNC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 14, 2026·SEC

Material company update

May 13, 2026·SEC

Material company update

Apr 30, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 25, 2026·SEC

FY 2025

Mar 31, 2025·SEC

FY 2024

Mar 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 13, 2026·SEC

FY 2025

Nov 14, 2025·SEC

FY 2025

Aug 13, 2025·SEC

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FXNC Frequently Asked Questions

First National Corporation (FXNC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is First National Corporation growing?

First National Corporation (FXNC) grew revenue by 27.1% over the past year. This is strong growth.

Is FXNC profitable?

Yes, First National Corporation (FXNC) is profitable, generating $21.0M in net income for fiscal year 2025 (15.8% net margin).

Dividend & Returns
Does FXNC pay dividends?

Yes, First National Corporation (FXNC) pays a dividend with a yield of 2.09%. This makes it attractive for income-focused investors.

What is FXNC's return on equity?

First National Corporation (FXNC) has a return on equity (ROE) of 10.0%. This is reasonable for most industries.

Industry Metrics
What is First National Corporation's net interest margin?

First National Corporation (FXNC) has a net interest margin (NIM) of 3.6%. This indicates healthy earnings from lending activities.

What is First National Corporation's efficiency ratio?

First National Corporation (FXNC) has an efficiency ratio of 54.5%. This is excellent, indicating strong cost control.

What if you invested $1,000 in FXNC back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →