FXNCNasdaqState Commercial BanksFiscal year ends December 31
FIRST NATIONAL CORP /VA/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$29.41−0.15 (-0.51%)
Close on Oct 19, 2026
- Market cap
- $266.70M
- P/E (TTM)
- 12.3
- Dividend yield
- 2.16%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
123.9%+5.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.8% | +12.4% | +13.8% | -6.9% | |
| Net income | +154.1% | +1.8% | +14.9% | +20.9% | |
| EPS, diluted | +96.0% | -9.9% | +1.5% | +20.3% | |
| Free cash flow | – | -6.5% | +8.1% | +23.2% | |
| Dividend per share | +5.0% | +4.3% | +7.6% | +20.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 12.0% | 10.9% | 10.0% | |
| Return on assets | 0.8% | 1.0% | 0.9% | |
| Capex to revenue | 3.3% | 12.1% | 29.3% | |
| Diluted shares | 5M | 5M | 9M |
Where the cash went
Fiscal 2021 to 2025, five years combined
First National generated $98.34M from operations and spent $30.33M on capital expenditure, dividends and share buybacks. 37% of that went back into the business.
Generated
$98.34M
Used
$30.33M
Capital expenditure$11.36M37%Dividends$18.97M63%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin123.9%
×Asset turnover0.01×
×Equity multiplier11.48×
=Return on equity, FY202510.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 123.9% | 0.01× | 11.48× | 10.0% |
| FY2024 | 49.1% | 0.01× | 12.13× | 4.9% |
| FY2023 | 94.0% | 0.01× | 12.41× | 8.6% |
| FY2022 | 166.8% | 0.01× | 12.24× | 14.9% |
| FY2021 | 114.9% | 0.01× | 11.59× | 10.3% |
| FY2020 | 118.2% | 0.01× | 10.80× | 10.9% |
| FY2019 | 122.4% | 0.01× | 10.79× | 13.3% |
| FY2018 | 131.3% | 0.01× | 11.95× | 16.2% |
| FY2017 | 89.7% | 0.01× | 13.19× | 11.7% |
| FY2016 | 18.6% | 0.05× | 14.36× | 12.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$17.70M
- Cash generatingOperating cash flow above zero$25.11M
- Return on assets improvedROA up on the prior year0.5% → 0.9%
- Earnings backed by cashOperating cash flow above net income$25.11M vs $17.70M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise7M → 9M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.01 → 0.01