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First National Corp  (FXNC)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial


 

First National Corp

FXNC's Financial Statements and Analysis



First National Corp reported in the forth quarter of 2023 net loss per share of $-0.13 compare to earnings per share of $0.76 in the same quarter a year ago a decrease from $0.50 eps realized in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ -0.13 $  8 Mill
$-0.89     $-7M     -46.66 %



First National's Revenue fell by -46.66 % in forth quarter of 2023 (Dec 31 2023) year on year, to $8 million and declined by -41.86 % sequentially.


First National is

More on FXNC's Income Statement



First National's in theforth quarter of 2023 recorded net loss of $-0.851 million, compare to net income of $4.779 million achieved in IV. Quarter a year ago.

Sequentially company realized a net loss, compared to net income of $3.121 million in the previous quarter.

More on FXNC's Growth

First National Inventories
FXNC's Cash flow In the forth quarter of 2023 company's net cash flow was $37 million, capital expenditures fell by -1.1810.25%, to $-1 millions compare to same quarter a year ago

More on FXNC's Cash flow Statement


First National Corp payed out dividend of $0.57 per share in last 52 weeks representing 37.01 % of net earning per share in trailing twelve-month period.

During the same period First National Corp earned $ 2.61 cash per share, on a free-cash flow basis 169.2 % of net earning per share.

Book value grew by 3.04 % sequentially to $18.48 per share, 77.86% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 17.98 per share from $ 17.43.

Company issued 0.05 million shares or 0.77 % in Dec 31 2023.
Interest Coverage Ratio was 1.83. Debt Coverage Ratio was 1.49.

More on FXNC's Dividends

 Market Capitalization (Millions) 95
 Shares Outstanding (Millions) 6
 Total Debt (Millions $) 55
 Revenue (TTM) (Millions $) 49
 Net Income (TTM) (Millions $) 10
 Cash Flow (TTM) (Millions $) 20
 Capital Exp. (TTM) (Millions $) -2
 Dividend TTM ($) 0.57 $
 Dividend Yield TTM (%) 3.79 %
 Employees (TTM) $ 187




First National Corp payed out dividend of $0.57 per share in the last 52 weeks representing 37.01 % of net earning per share in trailing twelve-month period.

During the same period First National Corp had $ 2.61 cash flow per share, on a free-cash flow basis 169.2 % of net earning per share.

Book value grew by 3.04 % sequentially to $18.48 per share, 77.86% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 17.98 per share from $ 17.43.

Company issued 0.05 million shares or 0.77 % in Dec 31 2023.
Interest Coverage Ratio was 1.83. Debt Coverage Ratio was 1.49.

More on FXNC's Balance Sheets

 Market Capitalization (Millions) 95
 Shares Outstanding (Millions) 6
 Total Debt (Millions $) 55
 Revenue (TTM) (Millions $) 49
 Net Income (TTM) (Millions $) 10
 Cash Flow (TTM) (Millions $) 20
 Capital Exp. (TTM) (Millions $) -2
 Dividend TTM ($) 0.57 $
 Dividend Yield TTM (%) 3.79 %
 Employees (TTM) $ 187
   


  News about First National Corp Earnings

Regional Bank First National Corp Faces Challenges with Plunging Revenue in Q4 2023 Earnings



First National Corporation (NASDAQ: FXNC), a regional bank holding company, recently reported its fourth-quarter financial results for 2023. The results reflect a significant decline in revenue, earnings per share (EPS), and net income compared to the previous reporting season. Additionally, the company's accounts receivable have increased, indicating a potential rise in demand. These results come amidst the backdrop of a merger agreement between First National Corp and Touchstone Bankshares, Inc., which aims to reshape the financial landscape and create value for both entities. However, the relatively low stock performance indicates challenges ahead.
1. Declining Revenue and Earnings:
In t...

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...

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 decl...

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 t...


Date modified: 2024-04-03T12:15:21+00:00





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