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

First National Corp reported in III. Quarter net earnings per share of $0.50 a decrease by -7.41 % year on year from $0.54 and an improvement of 19.05 % from $0.42 realized in II. Quarter (Jun 30 2019).

*III. Quarter*
Earnings Per Share	Revenues
$ 0.5	$ 9 Mill
$-0.04 -7.41 %	Unch. +0.01 %

First National's Revenue rose by 0.01 % in III. Quarter (Sep 30 2019) year on year, to $9 million and advanced by 5.25 % sequentially.

First National is Expected to report next financial results on February 18, 2020.

More on FXNC's Income Statement

FXNC's NET INCOME

First National's net income of $2 million in III. Quarter decreased by -6.84 % from net earnings of $3 million achieved in III. Quarter a year ago.

Sequentially net earnings grew by 19.51 % from net income of $2.09 million realized in previous quarter.

More on FXNC's Growth

In III. Quarter company's net cash and cash equivalents decreased by $0 million, capital expenditures grew by -63.16%, to $-0 millions compare to same quarter a year ago and rose by -57.76% from II. Quarter (Jun 30 2019).

More on FXNC's Cash flow Statement

Earnings quality

First National Corp payed out dividend of $0.30 per share in last 52 weeks representing 16.22 % of net earning per share in trailing twelve-month period.

During the same period First National Corp earned $ 2.08 cash per share, on a free-cash flow basis 112.41 % of net earning per share.

Book value grew by 3.04 % sequentially to $15.11 per share, 122.23% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 15.06 per share from $ 14.60.

Company issued 0.02 million shares or 0.39 % in III. Quarter.
Interest Coverage Ratio was 3.43. Debt Coverage Ratio was 3.21.

• More on FXNC's Dividends

Market Capitalization (Millions)	99
Shares Outstanding (Millions)	5
Total Debt (Millions $)	5
Revenue (TTM) (Millions $)	36
Net Income (TTM) (Millions $)	9
Cash Flow (TTM) (Millions $)	7
Capital Exp. (TTM) (Millions $)	-2
Dividend TTM ($)	0.3 $
Dividend Yield TTM (%)	1.72 %
Employees (TTM) $	187

Earnings quality

• More on FXNC's Balance Sheets

Market Capitalization (Millions)	99
Shares Outstanding (Millions)	5
Total Debt (Millions $)	5
Revenue (TTM) (Millions $)	36
Net Income (TTM) (Millions $)	9
Cash Flow (TTM) (Millions $)	7
Capital Exp. (TTM) (Millions $)	-2
Dividend TTM ($)	0.3 $
Dividend Yield TTM (%)	1.72 %
Employees (TTM) $	187

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First National Corp

FXNC's Financial Statements and Analysis