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First National Corp  (NASDAQ: FXNC)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $25.8500 $-0.25 -0.958%
Day's High: $26.195 Week Perf: -2.45 %
Day's Low: $ 25.75 30 Day Perf: 14.28 %
Volume (M): 29 52 Wk High: $ 26.97
Volume (M$): $ 744 52 Wk Avg: $18.89
Open: $25.96 52 Wk Low: $14.50



 Market Capitalization (Millions $) 161
 Shares Outstanding (Millions) 6
 Employees 224
 Revenues (TTM) (Millions $) 49
 Net Income (TTM) (Millions $) 7
 Cash Flow (TTM) (Millions $) 76
 Capital Exp. (TTM) (Millions $) 3

First National Corp
First National Corporation (the Company) is a bank holding company incorporated under Virginia law on September 7, 1983. The Company owns all of the stock of its primary operating subsidiary, First Bank (the Bank), which is a commercial bank chartered under Virginia law. The Company’s subsidiaries are:

• First Bank (the Bank). The Bank owns:

• First Bank Financial Services, Inc.

• Shen-Valley Land Holdings, LLC

• First National (VA) Statutory Trust II (Trust II)

• First National (VA) Statutory Trust III (Trust III)

First Bank Financial Services, Inc. invests in entities that provide title insurance and investment services. Shen-Valley Land Holdings, LLC was formed to hold other real estate owned and future office sites. The Trusts were formed for the purpose of issuing redeemable capital securities, commonly known as trust preferred securities and are not included in the Company’s consolidated financial statements.


The Bank first opened for business on July 1, 1907 under the name The Peoples National Bank of Strasburg. On January 10, 1928, the Bank changed its name to The First National Bank of Strasburg. On April 12, 1994, the Bank received approval from the Federal Reserve Bank of Richmond (the Federal Reserve) and the Virginia State Corporation Commission’s Bureau of Financial Institutions to convert to a state chartered bank with membership in the Federal Reserve System. On June 1, 1994, the Bank consummated such conversion and changed its name to First Bank.

The Bank provides loan, deposit, wealth management and other products and services in the Shenandoah Valley and central regions of Virginia. Loan products and services include personal loans, residential mortgages, home equity loans and commercial loans. Deposit products and services include checking, savings, money market accounts, individual retirement accounts, certificates of deposit and cash management accounts.

The Bank’s wealth management department offers estate planning, investment management of assets, trustee under an agreement, trustee under a will, individual retirement accounts, and estate settlement. The Bank launched a mortgage department during the second quarter of 2014. The mortgage department began originating residential mortgage loans to customers in the third quarter of 2014. Loans originated through this department may be sold to investors in the secondary market or held in the Bank’s loan portfolio. Mortgage services are offered to customers throughout the Bank’s market area.


The Bank’s office locations are well-positioned in attractive markets along the Interstate 81, Interstate 66 and Interstate 64 corridors in the Shenandoah Valley and central regions of Virginia. Within this market area, there are various types of industry including medical and professional services, manufacturing, retail, government contracting and higher education. Customers include individuals, small and medium-sized businesses, local governmental entities and non-profit organizations.
The Bank’s products and services are delivered through its mobile banking platform, its website, www.fbvirginia.com, a network of ATMs located throughout its market area, two loan production offices, a customer service center in a retirement village, and 15 bank branch office locations located throughout the Shenandoah Valley and central regions of Virginia.



   Company Address: 112 West King Street Strasburg 22657 VA
   Company Phone Number: 465-9121   Stock Exchange / Ticker: NASDAQ FXNC


Customers Net Income fell by FXNC's Customers Net Profit Margin fell to

-6.15 %

7.51 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK        2.98% 
CFG   -3.92%    
FCNCA   -5.02%    
FITB        1.34% 
MTB        0.17% 
WAL   -2.83%    
• View Complete Report
   



Dividend

First National Corporation Celebrates a Decade of Dividends: A Testament to Growth and Investor Confidence

Published Fri, Nov 15 2024 2:30 PM UTC

In a remarkable display of resilience and financial prudence, First National Corporation has announced an increase in its cash dividend for the tenth consecutive year. This outstanding achievement signals not only the company?s commitment to returning value to its shareholders but also highlights its robust financial health in navigating an ever-evolving economic landscape. ...

Merger and Acquisition

First National Corporation Completes Acquisition of Touchstone Bankshares, Signaling a New Era in Banking Services

Published Tue, Oct 1 2024 2:01 PM UTC

Breaking News STRASBURG, Va., Oct. 1, 2024 ? First National Corporation (NASDAQ: FXNC), the one-bank holding company for First Bank, has officially completed its merger with Touchstone Bankshares, Inc. The merger, effective today, marks a significant milestone in the company?s strategy to enhance its banking operations and broader service offerings to customers.Under the te...

Merger and Acquisition

First National Corporation and Touchstone Bankshares, Inc. Secure Shareholder Approval for Merger, Signaling New Era in Banking Services

Published Tue, Sep 3 2024 12:31 PM UTC



Breaking News: First National Corporation and Touchstone Bankshares, Inc. Announce Receipt of Shareholders? Approvals for Merger
In a significant development within the banking sector, First National Corporation (NASDAQ: FXNC) and Touchstone Bankshares, Inc. have announced that they have received the necessary approvals from their shareholders for their propose...

Merger and Acquisition

First National Corporation and Touchstone Bankshares: A Merger Generates Positive Momentum as Regulatory Approvals Received

Published Thu, Aug 8 2024 4:30 PM UTC


In a significant development within the regional banking sector, First National Corporation and Touchstone Bankshares, Inc. have received the necessary regulatory approvals to proceed with their merger. This merger, announced on August 8, 2024, is set to reshape the competitive landscape in Virginia and bolster the combined entity s market presence.
Key Details of t...

First National Corp

First National Corp's Merger with Touchstone Bankshares: A Game-Changer for Future Growth and Profitability

First National Corp's recent disappointing earnings may have raised some concerns among investors, but the announcement of their merger with Touchstone Bankshares, Inc. is a game-changer that is set to drive future growth and profitability for the company. This strategic collaboration will not only solidify First National's market position but also expand its range of services and resources, ultimately unlocking tremendous value for shareholders.
The acquisition of Touchstone Bankshares, Inc. will bring together two strong financial entities, creating a powerhouse that is well-positioned for success in the competitive financial landscape. First National's progressive approach to business, combined with Touchstone's solid reputation and expertise, make this merger a perfect synergy of strengths that will benefit both companies in the long run.







First National's Segments
Service Charges on Deposit Accounts    5.09 % of total Revenue
ATM and Check Card Fees    7.05 % of total Revenue
Wealth Management Fees    7.18 % of total Revenue
Mortgage Banking    0.69 % of total Revenue
Participating Life Insurance Contract    2.08 % of total Revenue





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