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First National Corp (NASDAQ: FXNC) |
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Price: $31.6000
$0.62 
2.001%
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| Day's High:
| $31.649999618530273
| Week Perf:
| 3.44 %
|
| Day's Low: |
$ 30.79 |
30 Day Perf: |
-0.63 % |
| Volume (M): |
38,600 |
52 Wk High: |
$ 33.24 |
| Volume (M$): |
$ 0 |
52 Wk Avg: |
$26.82 |
| Open: |
$30.79 |
52 Wk Low: |
$21.59 |
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| Market Capitalization (Millions $) |
287 |
| Shares
Outstanding (Millions) |
9 |
| Employees |
308 |
| Revenues (TTM) (Millions $) |
91 |
| Net Income (TTM) (Millions $) |
22 |
| Cash Flow (TTM) (Millions $) |
-7 |
| Capital Exp. (TTM) (Millions $) |
4 |
Business Description
First National Corporation (the Company) is a bank holding company incorporated
under Virginia law on September 7, 1983. The Company owns all of the stock of
its primary operating subsidiary, First Bank (the Bank), which is a commercial
bank chartered under Virginia law. The Company’s subsidiaries are:
• First Bank (the Bank). The Bank owns:
• First Bank Financial Services, Inc.
• Shen-Valley Land Holdings, LLC
• First National (VA) Statutory Trust II (Trust II)
• First National (VA) Statutory Trust III (Trust III)
First Bank Financial Services, Inc. invests in entities that provide title
insurance and investment services. Shen-Valley Land Holdings, LLC was formed
to hold other real estate owned and future office sites. The Trusts were formed
for the purpose of issuing redeemable capital securities, commonly known as
trust preferred securities and are not included in the Company’s consolidated
financial statements.
The Bank first opened for business on July 1, 1907 under the name The Peoples
National Bank of Strasburg. On January 10, 1928, the Bank changed its name to
The First National Bank of Strasburg. On April 12, 1994, the Bank received approval
from the Federal Reserve Bank of Richmond (the Federal Reserve) and the Virginia
State Corporation Commission’s Bureau of Financial Institutions to convert
to a state chartered bank with membership in the Federal Reserve System. On
June 1, 1994, the Bank consummated such conversion and changed its name to First
Bank.
The Bank provides loan, deposit, wealth management and other products and services
in the Shenandoah Valley and central regions of Virginia. Loan products and
services include personal loans, residential mortgages, home equity loans and
commercial loans. Deposit products and services include checking, savings, money
market accounts, individual retirement accounts, certificates of deposit and
cash management accounts.
The Bank’s wealth management department offers estate planning, investment
management of assets, trustee under an agreement, trustee under a will, individual
retirement accounts, and estate settlement. The Bank launched a mortgage department
during the second quarter of 2014. The mortgage department began originating
residential mortgage loans to customers in the third quarter of 2014. Loans
originated through this department may be sold to investors in the secondary
market or held in the Bank’s loan portfolio. Mortgage services are offered
to customers throughout the Bank’s market area.
The Bank’s office locations are well-positioned in attractive markets
along the Interstate 81, Interstate 66 and Interstate 64 corridors in the Shenandoah
Valley and central regions of Virginia. Within this market area, there are various
types of industry including medical and professional services, manufacturing,
retail, government contracting and higher education. Customers include individuals,
small and medium-sized businesses, local governmental entities and non-profit
organizations.
The Bank’s products and services are delivered through its mobile banking
platform, its website, www.fbvirginia.com, a network of ATMs located throughout
its market area, two loan production offices, a customer service center in a
retirement village, and 15 bank branch office locations located throughout the
Shenandoah Valley and central regions of Virginia.
Company Address: 112 West King Street Strasburg 22657 VA
Company Phone Number: 465-9121 Stock Exchange / Ticker: NASDAQ FXNC
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Customers Net Income grew by |
FXNC's Customers Net Profit Margin grew to |
96.28 % |
13.44 %
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| Stock Performances by Major Competitors |
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| Dividend
Published Fri, Nov 15 2024 2:30 PM UTC
In a remarkable display of resilience and financial prudence, First National Corporation has announced an increase in its cash dividend for the tenth consecutive year. This outstanding achievement signals not only the company’s commitment to returning value to its shareholders but also highlights its robust financial health in navigating an ever-evolving economic landscape...
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| Merger and Acquisition
Published Tue, Oct 1 2024 2:01 PM UTC
Breaking News STRASBURG, Va. Oct. 1, 2024 — First National Corporation (NASDAQ: FXNC), the one-bank holding company for First Bank, has officially completed its merger with Touchstone Bankshares, Inc. The merger, effective today, marks a significant milestone in the company’s strategy to enhance its banking operations and broader service offerings to customers.Under the...
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| Merger and Acquisition
Published Tue, Sep 3 2024 12:31 PM UTC
Breaking News: First National Corporation and Touchstone Bankshares, Inc. Announce Receipt of Shareholders’ Approvals for Merger
In a significant development within the banking sector, First National Corporation (NASDAQ: FXNC) and Touchstone Bankshares, Inc. have announced that they have received the necessary approvals from their shareholders for their propo...
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| Merger and Acquisition
Published Thu, Aug 8 2024 4:30 PM UTC
In a significant development within the regional banking sector, First National Corporation and Touchstone Bankshares, Inc. have received the necessary regulatory approvals to proceed with their merger. This merger, announced on August 8, 2024, is set to reshape the competitive landscape in Virginia and bolster the combined entity s market presence.
Key Details of t...
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| Merger and Acquisition
Published Tue, Mar 26 2024 11:00 AM UTC
In a significant move that is set to reshape the financial landscape, First National Corporation (NASDAQ: FXNC) and Touchstone Bankshares, Inc. (OTCPK: TSBA) have officially announced their merger agreement. First National, a progressive financial institution, is all set to acquire Touchstone in a transformative, all-stock transaction that will consolidate their operati...
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Fundamental Analysis
| Per Share |
Current |
| Earnings (TTM) |
2.4 $ |
| Revenues (TTM) |
10.06 $
|
| Cash Flow (TTM) |
- |
| Cash |
55.07 $
|
| Book Value |
21.35 $
|
| Dividend (TTM) |
0.67 $ |
| Efficiency
|
Current |
| Revenue per Employee
(TTM) |
296,247 |
| Net
Income per Employee (TTM) |
70,403 |
| Receivable Turnover Ratio (TTM) |
- |
| Inventory Turnover Ratio (TTM) |
- |
| Asset Turnover Ratio (TTM) |
0.04 |
|
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| Per Share |
|
| Earnings (TTM) |
2.4 $
|
| Revenues (TTM) |
10.06 $ |
| Cash Flow (TTM) |
- |
| Cash |
55.07 $
|
| Book Value |
21.35 $ |
| Dividend (TTM) |
0.67 $ |
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| Deposit Account |
|
 7.79 % |
of total Revenue |
| Credit and Debit Card |
|
9.34 % |
of total Revenue |
| Asset Management1 |
|
7.69 % |
of total Revenue |
| Wealth Management Asset Management |
|
2.47 % |
of total Revenue |
| Fees for Other Customer Services |
|
1.14 % |
of total Revenue |
| Service Charges on Deposit Accounts |
|
7.79 % |
of total Revenue |
| ATM and Check Card Fees |
|
9.34 % |
of total Revenue |
| Wealth Management Fees |
|
7.69 % |
of total Revenue |
| Community Banking |
|
8.44 % |
of total Revenue |
| Wealth Management |
|
7.69 % |
of total Revenue |
| Other Noninterest Income |
|
8.44 % |
of total Revenue |
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|
0.82%