What is First National Corp.'s share buybacks?

First National Corp. (FXNC) reported share buybacks of $61K in Q3 2023.

What does share buybacks mean?

Cash used to buy back the company's own shares on the open market or through structured programs, reducing shares outstanding.

First National Corp. FXNC Share Buybacks

Share Buybacks at other companies

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$0—

Citizens Financial Services, Inc.CZFS

$158K+177%

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$24.81M+1,273%

SB Financial GroupSBFG

$676K-5.1%

STB

S&T BancorpSTBA

$49.68M—

Other financials

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 debt$1.8M-9.0%

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

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Market cap$271.41M+59.6%

P/E12.9×—

P/S19×+8.2×

Profitability

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Net margin146.8%—

FCF margin166.5%+110pp

Returns & leverage

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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:PaymentsForRepurchaseOfCommonStock.

The official record: First National Corp.’s 10-Q, filed November 13, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is First National Corp.'s share buybacks?: First National Corp. (FXNC) reported share buybacks of $61K in Q3 2023.
What does share buybacks mean?: Cash used to buy back the company's own shares on the open market or through structured programs, reducing shares outstanding.