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

FXNC Financial Results

First National Corp reported in II. Quarter net earnings per share of $0.49 an increase by 36.11 % year on year from $0.36 and decline of -9.26 % from $0.54 earned in I. Quarter (Mar 31 2018).

First National's Revenue rose by % in II. Quarter (Jun 30 2018) year on year, to $9 million and declined by -2 % sequentially.

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

More on FXNC's Income Statement

*II. Quarter*
Earnings Per Share	Revenues
$ 0.49	$ 9 Mill
$+0.13 +36.11 %	$+1M +8.16 %

FXNC's NET INCOME

First National's net income of $2 million in II. Quarter increased by 39.58 % from net earnings of $2 million achieved in II. Quarter a year ago.

Sequentially net earnings fell by -8.78 % from net income of $2.69 million realized in previous quarter.

More on FXNC's Growth

In II. Quarter company's net cash and cash equivalents decreased by $-28 million, capital expenditures grew by -1.45%, to $-0 millions compare to same quarter a year ago and rose by -52.61% from I. Quarter (Mar 31 2018).

More on FXNC's Cash flow Statement

Earnings quality

First National Corp payed out dividend of $0.16 per share in last 52 weeks representing 9.64 % of net earning per share in trailing twelve-month period.

During the same period First National Corp earned $ 1.82 cash per share, on a free-cash flow basis 109.63 % of net earning per share.

Book value grew by 2.74 % sequentially to $12.32 per share, 51.2% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 12.32 per share from $ 12.00.

Company issued 0.03 million shares or 0.52 % in II. Quarter.
Interest Coverage Ratio was 5.05. Debt Coverage Ratio was 2.95.

• More on FXNC's Dividends

Market Capitalization (Millions)	99
Shares Outstanding (Millions)	5
Total Debt (Millions $)	5
Revenue (TTM) (Millions $)	35
Net Income (TTM) (Millions $)	8
Cash Flow (TTM) (Millions $)	-9
Capital Exp. (TTM) (Millions $)	-1
Dividend TTM ($)	0.16 $
Dividend Yield TTM (%)	0.91 %
Employees (TTM) $	187

Earnings quality

Market Capitalization (Millions)	99
Shares Outstanding (Millions)	5
Total Debt (Millions $)	5
Revenue (TTM) (Millions $)	35
Net Income (TTM) (Millions $)	8
Cash Flow (TTM) (Millions $)	-9
Capital Exp. (TTM) (Millions $)	-1
Dividend TTM ($)	0.16 $
Dividend Yield TTM (%)	0.91 %
Employees (TTM) $	187

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First National Corp

FXNC's Financial Statements and Analysis