Saturday 17 October 2026 Export FXNC’s income statement to Excel — free account

First National Corp.

First National Corp.’s revenue for fiscal 2025 (year ended December 2025) was $116.5 million, up 25.7% from fiscal 2024. In the quarter to June 2026, revenue grew 2.05%, EPS grew 14.3%, free cash flow grew 60.1% and total debt fell 41.7%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.

29.56 0.14 +0.48%

Follow FXNC

Alert me

Market cap: $266.0M
P/E: 12.3×
Fwd P/E: 12.3×
Dividend yield: 2.30%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.03

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	1	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 14.17%

Capital & Financial Ratios $m

Market Cap 266.04

Revenue 117.63

Net Income 21.68

Free Cash Flow 27.93

Net Debt (148.41)

Current Ratio 0.88

Debt/Equity 0.09

P/E ratio 12.27

Fwd P/E 12.30

P/S ratio 2.27

P/B ratio 1.38

Past 5Y EPS Growth 1.49%

This Y EPS Growth 15.02%

Next Y EPS Growth 5.44%

Next Y revenue growth (18.06%)

Next 5Y EPS Growth 6.13%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 64.50%

10-year low 10-year high

P/S against its own 10 years 67.86%

10-year low 10-year high

P/B against its own 10 years 80.87%

10-year low 10-year high

Dividends

Payout Ratio 0.28

Annual Dividend Rate 0.68

Annual Dividend Yield 2.30%

	total	individual payouts
2027	Powerpack
2026	0.68	0.17 0.17 0.17
2025	0.64	0.16 0.16 0.16 0.17
2024	0.61	0.15 0.15 0.15 0.16 0.16
2023	0.60	0.15 0.15 0.15 0.15
2022	0.56	0.14 0.14 0.14 0.14
2021	0.48	0.12 0.12 0.12 0.12
2020	0.44	0.11 0.11 0.11 0.11
2019	0.36	0.09 0.09 0.09 0.09
2018	0.20	0.05 0.05 0.05 0.05
2017	0.14	0.04 0.04 0.04 0.04
2016	0.12	0.03 0.03 0.03 0.03

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	87	163	161	166
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	1,049	1,619	1,602	1,645

	2023	2024	2025	Q'26
Payables	1,234	1,804	1,800	1,831
ST’ Debt	—	—	—	—
Other	—	—	—	—
	1,289	1,813	1,834	1,864

Compound Annual Growth %

	10y	5y	3y
Sales	14.34%	23.17%	23.39%
Cash Flow	18.49%	10.72%	(2.11%)
Earnings	27.64%	14.85%	1.77%
Book Value	15.02%	17.00%	19.78%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	28	30	—	—	—
’25	28	29	30	30	117
’24	20	20	21	32	93
’23	16	17	18	18	70
’22	14	15	16	18	62
’21	10	10	13	14	47
’20	10	10	11	10	41

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	6	7	—	—	—
’25	4	5	8	8	25
’24	5	4	6	(37)	(22)
’23	5	3	3	5	16
’22	9	4	5	10	27
’21	5	(6)	13	(4)	8
’20	3	1	5	6	15

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	6	7	—	—	—
’25	3	4	8	7	23
’24	4	3	5	(38)	(25)
’23	4	3	3	4	15
’22	8	3	4	9	26
’21	5	(6)	13	(5)	7
’20	3	0	5	6	14

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.54	0.63	—	—	—
’25	0.18	0.56	0.62	0.61	1.96
’24	0.51	0.39	0.36	(0.10)	1.00
’23	0.61	0.56	0.50	(0.14)	1.53
’22	0.60	0.61	0.71	0.76	2.68
’21	0.50	0.69	0.38	0.35	1.86
’20	0.34	0.46	0.36	0.65	1.82

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	8.65	12.85	17.61	16.74	11.54	16.50	13.45	13.13	14.50	18.26	Analyst estimates 2026–2028 Powerpack
	High	13.13	18.05	23.50	31.00	21.40	23.87	23.96	21.75	26.00	26.97
People
People	Employees	153	160	160	154	150	210	215	224	303	308
	Revenue/emp, $m	0.22	0.22	0.25	0.27	0.27	0.23	0.29	0.31	0.31	0.38
Income, $m
Income, $m	Revenue	34	36	40	41	41	47	62	70	93	117
	Gross margin, %	94.12	93.36	91.28	88.21	91.77	95.13	93.84	79.42	74.25	77.47
	EBT	8	10	12	12	11	13	21	12	8	22
	EBT margin, %	24.49	28.31	30.83	28.45	26.53	27.35	33.46	16.98	8.68	18.83
	Net income	6	6	10	10	9	10	17	10	7	18
	Depreciation	3	3	2	2	2	2	1	2	2	5
Per share, $
Per share, $	Revenue	6.85	7.27	8.13	8.35	8.43	8.53	9.92	11.09	13.33	12.95
	Earnings	1.20	1.30	2.05	1.92	1.82	1.87	2.69	1.54	1.00	1.97
	Cash flow	1.83	1.33	2.78	2.39	3.09	1.42	4.28	2.62	(3.19)	2.79
	Capex	(0.21)	(0.22)	(0.31)	(0.21)	(0.18)	(0.14)	(0.19)	(0.29)	(0.47)	(0.28)
	Free cash flow	1.62	1.11	2.47	2.18	2.92	1.27	4.09	2.33	(3.66)	2.52
	Book value	10.59	11.77	13.46	15.55	17.41	21.09	17.33	18.56	23.94	20.70
	Shares, m	5	5	5	5	5	6	6	6	7	9
Valuation, ×
Valuation, ×	P/E	10.80	13.73	9.51	11.09	9.34	11.92	6.42	14.02	19.84	12.81
	P/S	1.88	2.47	2.39	2.56	2.01	2.70	1.73	1.93	1.73	1.95
	P/B	1.21	1.53	1.44	1.38	0.97	1.09	0.99	1.16	0.96	1.22
	EV/Sales	1.08	1.76	2.03	1.80	(0.62)	(0.61)	0.89	0.89	0.30	0.72
	EV/FCF	4.55	11.47	6.68	6.91	(1.80)	(4.11)	2.15	4.22	(1.08)	3.70
Cash, $m
Cash, $m	Operating cash flow	9	7	14	12	15	8	27	16	(22)	25
	Capex	(1)	(1)	(2)	(1)	(1)	(1)	(1)	(2)	(3)	(2)
	Free cash flow	8	5	12	11	14	7	26	15	(25)	23
Balance, $m
Balance, $m	Working capital	(126)	(108)	(103)	(91)	(94)	(254)	(262)	(239)	(194)	(232)
	Total debt	14	14	14	14	19	19	14	14	30	18
	Net debt	(27)	(26)	(14)	(32)	(108)	(157)	(53)	(73)	(132)	(143)
	Shareholders’ equity	52	58	67	77	85	117	108	116	167	186
Returns, %
Returns, %	ROA	0.84	0.89	1.36	1.23	1.01	0.89	1.22	0.69	0.41	0.87
	ROIC	20.43	19.63	14.84	16.13	0.00	0.00	23.27	17.01	29.60	35.13
	ROE	12.04	11.69	16.24	13.28	10.93	10.26	14.90	8.57	4.93	10.04

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NKSH National Bankshares, Inc.	$276.0M	13.6×	10.7×	+6.17% (above 0%: growing)	+119.44% (above 0%: growing)	+118.57% (above 0%: growing)	71.02%	0.00%	Compare
FNRN First Northern Community Bancorp	$273.3M	12.2×	—	+2.07% (above 0%: growing)	−12.99% (below 0%: shrinking)	+31.66% (above 0%: growing)	83.16%	0.00%	Compare
WNEB Western New England Bancorp	$271.6M	16.1×	13.4×	+3.49% (above 0%: growing)	−21.74% (below 0%: shrinking)	−9.46% (below 0%: shrinking)	66.47%	0.00%	Compare
LCNB LCNB Corporation	$267.9M	10.9×	10.0×	+1.60% (above 0%: growing)	+29.27% (above 0%: growing)	+43.09% (above 0%: growing)	79.36%	0.00%	Compare
FXNC First National Corp.	$266.0M	12.3×	12.3×	+2.05% (above 0%: growing)	+14.29% (above 0%: growing)	+60.14% (above 0%: growing)	80.94%	0.00%
FBLA FB Bancorp, Inc.	$264.7M	— (loss-making)	—	+8.80% (above 0%: growing)	n/m	+669.02% (above 0%: growing)	74.66%	0.00%	Compare
HWBK Hawthorn Bancshares, Inc.	$263.1M	9.9×	10.0×	+9.30% (above 0%: growing)	+20.45% (above 0%: growing)	+123.49% (above 0%: growing)	76.36%	0.00%	Compare
GBFH GBank Financial Holdings Inc.	$257.6M	13.6×	16.3×	+22.90% (above 0%: growing)	+15.15% (above 0%: growing)	+3,151.19% (above 0%: growing)	68.86%	0.00%	Compare
RMBI Richmond Mutual Bancorporation, Inc.	$256.9M	12.4×	16.7×	+4.69% (above 0%: growing)	−14.81% (below 0%: shrinking)	−35.05% (below 0%: shrinking)	58.15%	0.00%	Compare
Median of peers	$266.3M	12.4×	12.1×	+5.43%	+15.15%	+80.83%	72.84%	0.00%

All 323 Banks Regional stocks →

First National Corp. (FXNC) key facts

Strength: First National Corp.’s revenue for fiscal 2025 (year ended December 2025) was $116.5 million, up 25.7% from fiscal 2024.
First National Corp. (FXNC) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, FXNC traded at $29.56, a market capitalization of $266.0 million.
First National Corp. pays an annual dividend of $0.68 per share, a yield of 2.30%, with a payout ratio of 28.3%.
Return on equity was 10.0% and debt-to-equity 0.09.
Its Piotroski F-score is 7 out of 9 for fiscal 2025.