First National (FXNC) Earnings Report, Financial Results, Financial analysis

First National Corp reported in III. Quarter net earnings per share of $0.54 an increase by 45.95 % year on year from $0.37 and an improvement of 10.2 % from $0.49 realized in II. Quarter (Jun 30 2018).

*III. Quarter*
Earnings Per Share	Revenues
$ 0.54	$ 9 Mill
$+0.17 +45.95 %	$+1M +9.77 %

First National's Revenue rose by 9.77 % in III. Quarter (Sep 30 2018) year on year, to $9 million and advanced by 4.08 % sequentially.

First National is Expected to report next financial results on February 18, 2019.

More on FXNC's Income Statement

FXNC's NET INCOME

First National's net income of $3 million in III. Quarter increased by 46.07 % from net earnings of $2 million achieved in III. Quarter a year ago.

Sequentially net earnings grew by 9.18 % from net income of $2.45 million realized in previous quarter.

More on FXNC's Growth

In III. Quarter company's net cash and cash equivalents decreased by $-20 million, capital expenditures grew by -23.78%, to $-0 millions compare to same quarter a year ago and fell by 95.59% from II. Quarter (Jun 30 2018).

More on FXNC's Cash flow Statement

Earnings quality

First National Corp payed out dividend of $0.17 per share in last 52 weeks representing 9.29 % of net earning per share in trailing twelve-month period.

During the same period First National Corp earned $ 2.29 cash per share, on a free-cash flow basis 124.96 % of net earning per share.

Book value grew by 4.22 % sequentially to $12.84 per share, 66.85% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 12.84 per share from $ 12.32.

Company repurchased 0.05 million shares or 0.93 % in III. Quarter.
Interest Coverage Ratio was 4.9. Debt Coverage Ratio was 3.14.

• More on FXNC's Dividends

Market Capitalization (Millions)	90
Shares Outstanding (Millions)	5
Total Debt (Millions $)	5
Revenue (TTM) (Millions $)	36
Net Income (TTM) (Millions $)	9
Cash Flow (TTM) (Millions $)	-12
Capital Exp. (TTM) (Millions $)	-1
Dividend TTM ($)	0.17 $
Dividend Yield TTM (%)	1.05 %
Employees (TTM) $	187

Earnings quality

• More on FXNC's Balance Sheets

Market Capitalization (Millions)	90
Shares Outstanding (Millions)	5
Total Debt (Millions $)	5
Revenue (TTM) (Millions $)	36
Net Income (TTM) (Millions $)	9
Cash Flow (TTM) (Millions $)	-12
Capital Exp. (TTM) (Millions $)	-1
Dividend TTM ($)	0.17 $
Dividend Yield TTM (%)	1.05 %
Employees (TTM) $	187

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First National Corp

FXNC's Financial Statements and Analysis