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

FXNC's Operating Income Growth by Quarter and Year

First National's Operating Income results by quarter and year




FXNC Operating Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter December - -1.17 5.91 2.68
III Quarter September - 3.85 5.47 2.96
II Quarter June - 4.37 4.75 4.30
I Quarter March 4.01 4.75 4.62 3.01
FY   4.01 11.80 20.75 12.95



FXNC Operating Income first quarter 2024 Y/Y Growth Comment
First National Corp reported decline in Operating Income in the first quarter 2024 by -15.58% to $ 4.01 millions, from the same quarter in 2023.
The contraction in the first quarter 2024 First National Corp's Operating Income compares unfavorably to the Company's average Operating Income growth of 8.41%.

Looking into first quarter 2024 results within Regional Banks industry 34 other companies have achieved higher Operating Income growth. While First National Corp' s Operating Income fall of -15.58% ranks overall at the positon no. 826 in the first quarter 2024.

Explain Operating Income growth


FXNC Operating Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter December - - 120.52 % -31.63 %
III Quarter September - -29.62 % 84.8 % 38.32 %
II Quarter June - -8 % 10.47 % 55.23 %
I Quarter March -15.58 % 2.81 % 53.49 % 44.71 %
FY   - -43.13 % 60.23 % 18.7 %

Financial Statements
First National's first quarter 2024 Operating Income $ 4.01 millions FXNC's Income Statement
First National's first quarter 2023 Operating Income $ 4.75 millions Quarterly FXNC's Income Statement
New: More FXNC's historic Operating Income Growth >>


FXNC Operating Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter December - - 8.04 % -9.46 %
III Quarter September - -11.9 % 15.16 % -31.16 %
II Quarter June - -8 % 2.81 % 42.86 %
I Quarter March - -19.63 % 72.39 % -23.21 %
FY (Year on Year)   - -43.13 % 60.23 % 18.7 %




Operating Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #35
Financial Sector #229
Overall #826

Operating Income Y/Y Growth Statistics
High Average Low
60.29 % 8.41 % -47.05 %
(Dec 31 2022)   (Mar 31 2024)
Operating Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #35
Financial Sector #229
Overall #826
Operating Income Y/Y Growth Statistics
High Average Low
60.29 % 8.41 % -47.05 %
(Dec 31 2022)   (Mar 31 2024)

Operating Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

First National's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
0 % 0 % 0 %
 


FXNC's I. Quarter Q/Q Operating Income Comment
This reversal of fortune I. Quarter 2024where First National Corp delivered Operating Income of $ 4.01 millions should be beginning of improved business climet.First National Corp announced in the I. Quarter 2024 Operating Income of $ 4.01 millions compare to Operating Loss recorded in previos quarter.

Within Regional Banks industry First National Corp achieved highest sequential Operating Income growth. While First National's Operating Income growth quarter on quarter, overall rank is .


Operating Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #
Financial Sector #
Overall #
Operating Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #
Financial Sector #
Overall #
Operating Income Q/Q Growth Statistics
High Average Low
0 % 0 % 0 %
 


FXNC's I. Quarter Q/Q Operating Income Comment
Improvement I. Quarter 2024where First National Corp delivered Operating Income of $ 4.01 millions should be considered as a beginning of improved results.First National Corp announced in the I. Quarter 2024 Operating Income of $ 4.01 millions compare to Operating Loss recorded in previos quarter.

Within Regional Banks industry First National Corp achieved highest sequential Operating Income growth. While First National's Operating Income growth quarter on quarter, overall rank is .


First National's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Mar 31 2024)
12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
Cumulative Operating Income 12 Months Ending $ 11.06 $ 11.81 $ 18.89 $ 20.51 $ 20.89
Y / Y Operating Income Growth (TTM) -47.05 % -43.11 % 7.82 % 36.65 % 43.51 %
Year on Year Operating Income Growth Overall Ranking # 1595 # 1700 # 975 # 554 # 543
Seqeuential Operating Income Change (TTM) -6.3 % -37.5 % -7.89 % -1.82 % 0.67 %
Seq. Operating Income Growth (TTM) Overall Ranking # 1595 # 1700 # 975 # 554 # 543




Cumulative Operating Income growth Comment
First National's cumulative 12 months Operating Income continue to drop, but on the faster rate at -47.05% year on year, at Mar 31 2024 compare to the -43.11% decrease at Dec 31 2023. If the First National's fiscal year would end at Mar 31 2024, annual Operating Income would be $11 millions.

In the Financial sector 98 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 1595, from total ranking in previous quarter at 1700.

Operating Income TTM Q/Q Growth Statistics
High Average Low
60.29 %
8.41 %
-47.05 %
(Dec 31 2022)  

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 8
Financial Sector # 99
Overall # 344

Operating Income TTM Y/Y Growth Statistics
High Average Low
60.29 %
8.41 %
-47.05 %
(Dec 31 2022)  


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 35
Sector # 236
S&P 500 # 901
Cumulative Operating Income growth Comment
First National's cumulative 12 months Operating Income continue to drop, but on the faster rate at -47.05% year on year, at Mar 31 2024 compare to the -43.11% decrease at Dec 31 2023. If the First National's fiscal year would end at Mar 31 2024, annual Operating Income would be $11 millions.

In the Financial sector 98 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 1595, from total ranking in previous quarter at 1700.

Operating Income TTM Q/Q Growth Statistics
High Average Low
60.29 %
8.41 %
-47.05 %
(Dec 31 2022)  


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 8
Financial Sector # 99
Overall # 344

Operating Income TTM Y/Y Growth Statistics
High Average Low
60.29 %
8.41 %
-47.05 %
(Dec 31 2022)  


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 35
Sector # 236
S&P 500 # 901




Other Operating Income Growth
Regional Banks Industry Operating Income Growth Trends and Statistics
Financial Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
FXNC's Operating Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for FXNC's Competitors
Operating Income Growth for First National's Suppliers
Operating Income Growth for FXNC's Customers

You may also want to know
FXNC's Annual Growth Rates FXNC's Profitability Ratios FXNC's Asset Turnover Ratio FXNC's Dividend Growth
FXNC's Roe FXNC's Valuation Ratios FXNC's Financial Strength Ratios FXNC's Dividend Payout Ratio
FXNC's Roa FXNC's Inventory Turnover Ratio FXNC's Growth Rates FXNC's Dividend Comparisons



Companies with similar Operating Income drop for the quarter ending Mar 31 2024 within Financial SectorY/Y Change %Operating Income for the quarter ending Mar 31 2024
Nbt Bancorp Inc-0.07%$ -0.069 millions
Webster Financial Corporation-0.41%$ -0.406 millions
Nasdaq Inc -0.49%$ -0.485 millions
Aon Plc-0.54%$ -0.543 millions
Peoples Financial Corp-0.78%$ -0.782 millions
Lakeland Financial Corporation-0.88%$ -0.877 millions
Public Storage-0.90%$ -0.903 millions
Goosehead Insurance Inc -0.95%$ -0.953 millions
One Liberty Properties Inc -1.06%$ -1.058 millions
Heartland Financial Usa Inc -1.17%$ -1.170 millions
Vornado Realty Trust-1.56%$ -1.561 millions
Capitol Federal Financial Inc -1.73%$ -1.729 millions
Unitedhealth Group Incorporated-1.92%$ -1.917 millions
Cubesmart-1.97%$ -1.969 millions
Selectquote Inc -1.97%$ -1.972 millions
Univest Financial Corporation-2.01%$ -2.013 millions
Gladstone Land Corp-2.47%$ -2.471 millions
Siriuspoint Ltd -2.88%$ -2.879 millions
Community Trust Bancorp Inc-3.02%$ -3.021 millions
Hsbc Usa Inc -3.14%$ -3.136 millions
Cb Financial Services Inc -3.20%$ -3.198 millions
Veris Residential Inc -3.24%$ -3.239 millions
Gaming And Leisure Properties inc -3.46%$ -3.464 millions
Hills Bancorporation-3.61%$ -3.613 millions
Bar Harbor Bankshares-3.74%$ -3.741 millions
Commerce Bancshares Inc -4.11%$ -4.105 millions
Customers Bancorp Inc -4.26%$ -4.257 millions
Southern First Bancshares Inc -4.38%$ -4.380 millions
International Bancshares Corporation-4.42%$ -4.423 millions
Wells Fargo and Company-4.43%$ -4.430 millions




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