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

First National Corp.

FXNC Financial Banks Regional

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%
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% (at or above 15%: strong)
Next Y EPS Growth 5.44%
Next Y revenue growth (18.06%) (below 0%: weak)
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.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

First National Corp. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

First National Corp. (FXNC) Latest News

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stockrow.com/FXNC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com