What is First National Corp.'s hybrid debt?

First National Corp. (FXNC) reported hybrid debt of $25M in Q1 2026.

What does hybrid debt mean?

This includes various forms of long-term debt, such as hybrid capital instruments or other structured borrowings, that do not fit into standard deposit or short-term debt categories. These instruments are used to manage the bank's capital structure and long-term liquidity needs. It provides insight into the bank's leverage and its access to non-deposit funding markets.

First National Corp. FXNC Hybrid debt

Hybrid debt at other companies

First Merchants CorporationFRME

$86.35M+37.9%

ServisFirst BancsharesSFBS

$34.75M-46.3%

Other financials

Income statement

See full

Revenue$3.3M+0.3%

Net income$4.9M+206%

Balance sheet

See full

Cash & equivalents$187.8M-8.8%

Total debt$1.8M-9.0%

Total equity$188.6M+11.8%

Total assets$2.1B+2.1%

Cash flow

See full

Operating cash flow$6.4M+81.6%

CapEx$488.0K+1.0%

Free cash flow$5.9M+94.3%

Valuation

See full

Market cap$271.41M+59.6%

P/E12.9×—

P/S19×+8.2×

Profitability

See full

Net margin146.8%—

FCF margin166.5%+110pp

Returns & leverage

See full

Return on equity11.8%—

Debt / equity0×0.0×

Where this comes from

Reported directly by First National Corp. in its filing.

Tagged under the XBRL concept us-gaap:OtherBorrowings.

The official record: First National Corp.’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

Ask your AI about First National Corp.'s hybrid debt.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is First National Corp.'s hybrid debt?: First National Corp. (FXNC) reported hybrid debt of $25M in Q1 2026.
What does hybrid debt mean?: This includes various forms of long-term debt, such as hybrid capital instruments or other structured borrowings, that do not fit into standard deposit or short-term debt categories. These instruments are used to manage the bank's capital structure and long-term liquidity needs. It provides insight into the bank's leverage and its access to non-deposit funding markets.