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Financials · FXNC

First National Corporation (FXNC) financials

For the twelve months ended Jun 30, 2026, First National Corporation reported $93.26M of revenue and $21.68M of net income.

Revenue, TTM
$93.26M
Revenue growth, YoY
+12.0%
Net income, TTM
$21.68M
Net income growth, YoY
+172.3%
Net margin
23.3%
Free cash flow, TTM
$26.19M
EPS, diluted, TTM
$2.39
Cash
$166.15M
P/E
12.81
P/S
2.98
Market cap
$277.9M
Annual revenue$90.26M
FY2016FY2025
Annual net income$17.70M
FY2016FY2025
Annual free cash flow$20.93M
FY2016FY2025

FXNC revenue and earnings growth

FXNC revenueQ2 2026$24.00M

Quarter YoY
+7.0%
QoQ
+6.7%
FY YoY
+31.1%
5Y CAGR
+19.1%
10Y CAGR
+12.0%

FXNC revenue was $24.00M in fiscal Q2 2026 (ended Jun 30, 2026), up 7.0% from a year earlier and up 6.7% from the prior quarter. For the full fiscal 2025 it was $90.26M, up 31.1% from fiscal 2024. Compound annual growth was +19.1% over 5 years and +12.0% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

FXNC net incomeQ2 2026$5.74M

Quarter YoY
+13.7%
QoQ
+17.5%
FY YoY
+154.1%
5Y CAGR
+14.9%
10Y CAGR
+20.9%

FXNC net income was $5.74M in fiscal Q2 2026 (ended Jun 30, 2026), up 13.7% from a year earlier and up 17.5% from the prior quarter. For the full fiscal 2025 it was $17.70M, up 154.1% from fiscal 2024. Compound annual growth was +14.9% over 5 years and +20.9% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

FXNC EPSQ2 2026$0.63

Quarter YoY
+12.5%
QoQ
+16.7%
FY YoY
+96.0%
5Y CAGR
+1.5%
10Y CAGR
+20.3%

FXNC diluted EPS was $0.63 in fiscal Q2 2026 (ended Jun 30, 2026), up 12.5% from a year earlier and up 16.7% from the prior quarter. For the full fiscal 2025 it was $1.96, up 96.0% from fiscal 2024. Compound annual growth was +1.5% over 5 years and +20.3% over 10 years.

FXNC free cash flowQ2 2026$6.50M

Quarter YoY
+58.2%
QoQ
+10.0%
5Y CAGR
+8.1%
10Y CAGR
+23.2%

FXNC free cash flow was $6.50M in fiscal Q2 2026 (ended Jun 30, 2026), up 58.2% from a year earlier and up 10.0% from the prior quarter. For the full fiscal 2025 it was $20.93M, compared with -$25.50M in fiscal 2024. Compound annual growth was +8.1% over 5 years and +23.2% over 10 years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$90.26M$68.83M$55.20M$58.20M$45.03M$37.72M$36.56M$36.78M$33.56M$31.75M
Interest expense--$14.31M$3.82M$2.30M$3.38M$4.89M$3.51M$2.39M$1.98M
Pre-tax income$21.94M$8.05M$11.80M$20.75M$12.95M$10.91M$11.79M$12.42M$10.17M$8.26M
Income tax$4.24M$1.08M$2.18M$3.95M$2.59M$2.05M$2.24M$2.29M$3.73M$2.35M
Net income$17.70M$6.97M$9.62M$16.80M$10.36M$8.86M$9.56M$10.13M$6.45M$5.91M
EPS, basic$1.97$1.00$1.54$2.69$1.87$1.82$1.92$2.05$1.30$1.20
EPS, diluted$1.96$1.00$1.53$2.68$1.86$1.82$1.92$2.04$1.30$1.20
Diluted shares9.0M7.0M6.3M6.3M5.6M4.9M5.0M5.0M4.9M4.9M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$160.91M$162.87M$87.16M---$45.78M$28.62M$39.99M$41.09M
Goodwill$3.03M$3.03M$3.03M$3.03M$3.03M$0----
Total assets$2.04B$2.01B$1.42B$1.37B$1.39B$950.93M$800.05M$752.97M$739.11M$716.00M
Total liabilities$1.85B$1.84B$1.30B$1.26B$1.27B$866.02M$722.83M$686.29M$680.96M$663.85M
Shareholders' equity$186.20M$166.53M$116.27M$108.36M$117.04M$84.92M$77.22M$66.67M$58.15M$52.15M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$25.11M-$22.20M$16.39M$26.77M$7.87M$15.09M$11.85M$13.76M$6.57M$9.01M
Capital expenditures$4.18M$3.30M$1.87M$1.18M$835.0K$909.0K$1.03M$1.54M$1.07M$1.03M
Free cash flow$20.93M-$25.50M$14.52M$25.59M$7.03M$14.18M$10.82M$12.22M$5.50M$7.98M
Investing cash flow-$29.41M$136.83M-$34.34M-$120.14M-$126.30M-$70.49M-$28.89M-$29.84M-$26.54M-$25.32M
Financing cash flow$2.34M-$38.91M$38.20M-$15.72M$167.15M$136.91M$34.21M$4.71M$18.87M$18.07M
Dividends paid$5.52M$4.04M$3.60M$3.31M$2.50M$2.01M$1.67M$929.0K$646.0K$550.0K
Share repurchases---$0$0--$25.0K$0-
Stock-based compensation$1.18M$635.0K$753.0K$785.0K$354.0K$290.0K$183.0K$189.0K$141.0K$113.0K
Depreciation and amortization$2.75M$1.94M$1.60M$1.50M$1.38M$1.32M$1.33M$1.35M$1.39M$1.36M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY31.1%24.7%-5.2%29.2%19.4%3.2%-0.6%9.6%5.7%9.2%
Net income growth, YoY154.1%-27.6%-42.7%62.1%16.9%-7.3%-5.7%57.2%9.2%122.5%
EPS growth, YoY96.0%-34.6%-42.9%44.1%2.2%-5.2%-5.9%56.9%8.3%287.1%
Net margin19.6%10.1%17.4%28.9%23.0%23.5%26.1%27.6%19.2%18.6%
Free cash flow margin23.2%-37.1%26.3%44.0%15.6%37.6%29.6%33.2%16.4%25.1%
Return on equity9.5%4.2%8.3%15.5%8.9%10.4%12.4%15.2%11.1%11.3%
Return on assets0.9%0.3%0.7%1.2%0.7%0.9%1.2%1.3%0.9%0.8%

Source: XBRL data First National Corporation files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FXNC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FXNC$93.26M+12.0%$21.68M23.3%$277.9M
JPM$203.15B+13.2%$65.98B32.5%$908.43B
BAC$120.16B+5.4%$32.24B26.8%$348.81B
WFC$87.23B+5.4%$22.97B26.3%$256.63B
C$85.22B+5.6%$14.31B16.8%$201.89B
UBS$49.57B+2.0%$7.80B15.7%$151.93B
MFG¥8.79T+7.6%¥1.16T13.2%$122.19B
COF$63.01B+31.2%$10.87B17.2%$119.45B
BNSC$37.74B+12.1%C$7.79B20.6%$114.51B

FXNC FAQ

8 questions
  • What is FXNC revenue?
    First National Corporation (FXNC) reported $93.26M of revenue for the twelve months ended Jun 30, 2026. That is up 12.0% from the year before. Revenue for fiscal 2025 was $90.26M.
  • Is FXNC profitable?
    Yes. First National Corporation earned $21.68M in net income for the twelve months ended Jun 30, 2026, a net margin of 23.3%.
  • How much cash and debt does FXNC have?
    First National Corporation reported $166.15M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is FXNC revenue growing?
    First National Corporation's revenue changed +31.1% in fiscal 2025, to $90.26M. Its compound annual growth rate was +19.1% over 5 years and +12.0% over 10 years.
  • What is FXNC free cash flow?
    First National Corporation generated $26.19M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $30.22M less capital expenditures.
  • What is FXNC earnings per share?
    Diluted earnings per share were $2.39 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did FXNC last report financial results?
    The latest statements here come from First National Corporation's 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.
  • Where does this FXNC financial data come from?
    Quantisnow builds these statements from the structured XBRL data First National Corporation files with the SEC. It is provided for information only and is not investment advice.