First National Corp  (FXNC)
Other Ticker:  
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
Price: $18.1900 $-0.14 -0.764%
Day's High: $18.34 Week Perf: -2.99 %
Day's Low: $ 17.28 30 Day Perf: -14.36 %
Volume (M): 3 52 Wk High: $ 21.75
Volume (M$): $ 60 52 Wk Avg: $17.63
Open: $18.02 52 Wk Low: $13.13

 Market Capitalization (Millions $) 114
 Shares Outstanding (Millions) 6
 Employees 187
 Revenues (TTM) (Millions $) 56
 Net Income (TTM) (Millions $) 15
 Cash Flow (TTM) (Millions $) -126
 Capital Exp. (TTM) (Millions $) 2

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
   FXNC is expected to report next financial results on March 29, 2024.

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

-20.85 %

7.86 %

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


Stock Performances by Major Competitors

5 Days Decrease / Increase
BK        0.62% 
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CFG   -0.74%    
FCNCA        4.39% 
FITB        1.05% 
MTB        0.28% 
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First National Corp

First National Corp Surpasses Expectations, Achieving Impressive Milestone in Q3 2023

First National Corp (FXNC) recently reported its financial results for the fiscal year ending September 30, 2023, experiencing a significant decline in net profit and revenues. The company's net profit per share dropped by 29.58% from $0.71 to $0.50 compared to the previous year, and profits fell by 10.71% from $0.56 per share from the prior reporting season.
In terms of revenue, First National Corp witnessed a depreciation of 6.308% to $13.64 million from $14.55 million in the same reporting season a year ago. However, sequentially, the revenue increased by 0.791% from $13.53 million. In contrast to this scenario, the Regional Banks industry posted a 1.18% rise in revenues compared to the same period a year before in the third quarter of 2023.

First National Corp

First National Corp's Second Quarter 2023 Financial Performance Underwhelms: Earnings Dip 8.2% and Revenue Falls 1.031%

FXNC, a leading financial institution, recently announced disappointing financial numbers for the second quarter of the 2023 earnings season. The company's earnings per share (EPS) saw a deterioration of -8.2%, falling to $0.56 from $0.61 in the previous reporting period. Additionally, the company's revenue depreciated by -1.031%, amounting to $13.53 million compared to $13.95 million in the same period last year.
Furthermore, net profits for the second quarter of 2023 declined by -8.6% to $3.505 million from $3.835 million in the corresponding period a year earlier. These numbers signify a significant setback for First National Corp's profitability. The company's operating margin also experienced a decline, mitigating to 32.31%, while the net margin shrank to 25.91%.

First National Corp

First National Corp Reports Lower ROI and Trails in EPS, but Shows Improvement in Rankings and Revenue Growth

First National Corp, a financial company, reported achieving a return on average invested assets (ROI) of 1.59% in the first quarter of 2023. This is below the company's average ROI of 9.45%. The decrease in ROI can be attributed to a decline in net income. Additionally, among the financial sector, 437 other companies had a higher ROI than First National Corp.
However, there is good news for the company as their ROI ranking has progressed to 1938 from the total ROI ranking in the fourth quarter of 2022 at 1982. Furthermore, the company's revenue grew faster than earnings per share (EPS), with revenue increasing by 5.242% from the corresponding quarter a year before to $13.95 million. At the same time, earnings grew slightly by 1.67% to $0.61 per share.


First National's Segments
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