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First National Corp.

FXNC

First National Corporation is a bank holding company that operates primarily through its subsidiary, First Bank, providing comprehensive commercial and retail banking services.

Market cap
$268.25M+37.6%
Revenue$14.3M-4.1%
Net income$21.0M+121%
Free cash flow$23.8M+189%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q1 2026

Income statement

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Revenue$3.3M+0.3%
Net income$4.9M+206%

Balance sheet

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Cash & equivalents$187.8M-8.8%
Total equity$188.6M+11.8%
Total assets$2.1B+2.1%

Cash flow

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Operating cash flow$6.4M+81.6%
CapEx$488.0K+1.0%
Free cash flow$5.9M+94.3%

Valuation & ratios

Valuation

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Market cap$268.25M+37.6%
P/E12.8×
P/S18.8×+6.4×

Profitability

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Net margin146.8%
FCF margin166.5%+110pp

Returns & leverage

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Return on equity11.8%

Competitors

Profile

First National Corporation is a bank holding company that operates primarily through its subsidiary, First Bank, providing comprehensive commercial and retail banking services. The company focuses on relationship-based financial solutions, including lending, deposit products, and wealth management, to serve communities in Virginia and North Carolina. Its core value proposition centers on local market expertise and personalized service for small to medium-sized businesses and individual consumers.

Competitive position

A community-focused regional bank leveraging long-term customer relationships and a physical branch network across the Shenandoah and Roanoke Valleys.

GeographiesVirginia, North Carolina, United States
Customer segmentsRetail, SME, Public Sector, Non-profit
Business modelInterest-spread banking, Fee-based services, Asset management
SuppliersDepositors, Federal Reserve System, Technology and core banking software providers, Credit rating agencies
CustomersSmall business owners, Residential homebuyers, Commercial real estate developers, Municipalities
Listed1996
Employees224.0
CEOScott C. Harvard
FilingsSEC EDGAR

Questions, answered.

What is First National Corp.'s market cap?
First National Corp. (FXNC) has a market capitalization of $268.2M and trades on NASDAQ.
What is First National Corp.'s revenue and profitability?
First National Corp. generated $14.3M in trailing twelve-month revenue with net income of $21.0M, representing a net margin of 146.8%, with free cash flow of $23.8M. These figures are based on the Q1 2026 filing.
Who are First National Corp.'s competitors?
First National Corp.'s key competitors include F.N.B. Corp, First Commonwealth Financial Corporation, S&T Bancorp Inc, and others. These companies compete in similar markets and product categories.
What subsidiaries does First National Corp. have?
First National Corp.'s subsidiaries include First Bank, Shen-Valley Land Holdings, LLC, McKenney Group, LLC, and others.
Where is First National Corp. headquartered?
First National Corp. is headquartered in United States of America and employs approximately 224 people. It has been publicly traded since 1996.