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

First National Corp reported in I. Quarter net earnings per share of $0.34 a decrease by -26.09 % year on year from $0.46 and decline of -36.9 % from $0.54 earned in IV. Quarter (Dec 31 2019).

*I. Quarter*
Earnings Per Share	Revenues
$ 0.34	$ 8 Mill
$-0.12 -26.09 %	$-1M -7.42 %

First National's Revenue fell by -7.42 % in I. Quarter (Mar 31 2020) year on year, to $8 million and declined by -10.27 % sequentially.

First National is Expected to report next financial results on August 12, 2020.

More on FXNC's Income Statement

FXNC's NET INCOME

First National's net income of $2 million in I. Quarter decreased by -24.59 % from net earnings of $2 million achieved in I. Quarter a year ago.

Sequentially net earnings fell by -37.22 % from net income of $2.72 million realized in previous quarter.

More on FXNC's Growth

FXNC's Cash flow In I. Quarter company's net cash flow was $2 million, capital expenditures grew by -64.01%, to $-0 millions compare to same quarter a year ago and fell by 35.37% from IV. Quarter (Dec 31 2019).

More on FXNC's Cash flow Statement

Earnings quality

First National Corp payed out dividend of $0.35 per share in last 52 weeks representing 19.44 % of net earning per share in trailing twelve-month period.

During the same period First National Corp earned $ 2.41 cash per share, on a free-cash flow basis 133.92 % of net earning per share.

Book value grew by 2.20 % sequentially to $15.66 per share, 81.8% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 15.63 per share from $ 15.29.

Company repurchased 0.03 million shares or 0.51 % in I. Quarter.
Interest Coverage Ratio was 3.26. Debt Coverage Ratio was 3.21.

• More on FXNC's Dividends

Market Capitalization (Millions)	73
Shares Outstanding (Millions)	5
Total Debt (Millions $)	5
Revenue (TTM) (Millions $)	35
Net Income (TTM) (Millions $)	9
Cash Flow (TTM) (Millions $)	19
Capital Exp. (TTM) (Millions $)	-1
Dividend TTM ($)	0.35 $
Dividend Yield TTM (%)	2.81 %
Employees (TTM) $	187

Earnings quality

• More on FXNC's Balance Sheets

Market Capitalization (Millions)	73
Shares Outstanding (Millions)	5
Total Debt (Millions $)	5
Revenue (TTM) (Millions $)	35
Net Income (TTM) (Millions $)	9
Cash Flow (TTM) (Millions $)	19
Capital Exp. (TTM) (Millions $)	-1
Dividend TTM ($)	0.35 $
Dividend Yield TTM (%)	2.81 %
Employees (TTM) $	187

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First National Corp

FXNC's Financial Statements and Analysis