First National Corp /Va/ - Understand $fxnc stock

$FXNC Market Cap: $213.2 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$7.979M

TTM

Gross Margin

Net Earnings

$7.048M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$1.451B

Q3 2024

Total Liabilities

$1.326B

Q3 2024

Book Value

$125.1M

Q3 2024

Cash

$126.5M

Q3 2024

P/E

30.24

Nov 13, 2024 EST

Free Cash Flow

$11.27M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Revenue	$10.24M	$10.07M	$37.14M	$32.85M	$32.90M	$31.14M	$27.65M	$25.24M	$22.17M	$20.40M	$21.16M	$23.43M	$25.65M
YoY Change	1.68%	-72.89%	13.07%	-0.14%	5.65%	12.61%	9.57%	13.86%	8.66%	-3.58%	-9.71%	-8.64%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$10.24M	$10.07M	$37.14M	$32.85M	$32.90M	$31.14M	$27.65M	$25.24M	$22.17M	$20.40M	$21.16M	$23.43M	$25.65M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.616M	$1.500M	$1.400M	$1.300M	$1.300M	$1.300M	$1.400M	$1.400M	$1.200M	$967.0K	$1.000M	$1.100M	$1.200M	$1.230M	$1.270M	$1.200M	$1.130M	$1.010M	$800.0K	$700.0K	$600.0K	$470.0K	$400.0K	$410.0K	$450.0K	$430.0K
YoY Change	7.73%	7.14%	7.69%	0.0%	0.0%	-7.14%	0.0%	16.67%	24.1%	-3.3%	-9.09%	-8.33%	-2.44%	-3.15%	5.83%	6.19%	11.88%	26.25%	14.29%	16.67%	27.66%	17.5%	-2.44%	-8.89%	4.65%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Interest Expense	$14.31M	$3.820M	$2.304M	$3.383M	$4.887M	$3.512M	$2.386M	$1.982M	$1.441M	$1.778M	$2.709M	$4.167M	$5.450M
YoY Change	274.5%	65.8%	-31.89%	-30.78%	39.15%	47.19%	20.38%	37.54%	-18.95%	-34.37%	-34.99%	-23.54%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Pretax Income	$11.81M	$20.75M	$12.95M	$10.91M	$11.79M	$12.42M	$10.17M	$8.260M	$3.611M	$11.13M	$5.054M	$3.765M	-$7.126M	-$5.810M	$2.900M	$6.060M	$8.490M	$8.560M	$7.930M	$6.140M	$4.800M	$4.330M	$3.740M	$3.040M	$2.890M	$2.700M
YoY Change	-43.11%	60.29%	18.69%	-7.52%	-5.06%	22.1%	23.17%	128.75%	-67.56%	120.22%	34.24%	-152.83%	22.65%	-300.34%	-52.15%	-28.62%	-0.82%	7.94%	29.15%	27.92%	10.85%	15.78%	23.03%	5.19%	7.04%
Income Tax	$2.181M	$3.952M	$2.586M	$2.049M	$2.238M	$2.287M	$3.726M	$2.353M	$956.0K	$3.499M	-$4.820M	$965.0K	$3.835M	-$2.210M	$760.0K	$1.840M	$2.740M	$2.770M	$2.540M	$1.930M	$1.500M	$1.350M	$1.140M	$900.0K	$850.0K	$790.0K
% Of Pretax Income	18.48%	19.05%	19.98%	18.79%	18.98%	18.41%	36.62%	28.49%	26.47%	31.44%	-95.37%	25.63%			26.21%	30.36%	32.27%	32.36%	32.03%	31.43%	31.25%	31.18%	30.48%	29.61%	29.41%	29.26%
Net Earnings	$9.624M	$16.80M	$10.36M	$8.858M	$9.556M	$10.14M	$6.448M	$5.907M	$2.655M	$7.631M	$9.874M	$2.800M	-$10.96M	-$3.600M	$2.150M	$4.220M	$5.750M	$5.800M	$5.390M	$4.210M	$3.300M	$2.980M	$2.600M	$2.140M	$2.030M	$1.900M
YoY Change	-42.7%	62.15%	16.95%	-7.3%	-5.71%	57.18%	9.16%	122.49%	-65.21%	-22.72%	252.64%	-125.55%	204.47%	-267.44%	-49.05%	-26.61%	-0.86%	7.61%	28.03%	27.58%	10.74%	14.62%	21.5%	5.42%	6.84%
Net Earnings / Revenue	94.0%	166.82%	27.89%	26.96%	29.05%	32.55%	23.32%	23.41%	11.98%	37.41%	46.67%	11.95%	-42.74%
Basic Earnings Per Share	$1.54	$2.69	$1.87	$1.82	$1.92	$2.05	$1.30	$1.20	$0.31	$1.32
Diluted Earnings Per Share	$1.53	$2.68	$1.86	$1.82	$1.92	$2.04	$1.30	$1.20	$0.31	$1.32	$2.014M	$710.7K	-$3.715M	-$1.224M	$736.3K	$1.450M	$1.976M	$1.986M	$1.846M	$1.442M	$1.115M	$943.0K	$822.8K	$673.0K	$640.4K	$603.2K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$22.14M	$22.41M	$22.70M	$19.70M	$20.10M	$20.10M	$19.90M	$20.80M	$21.40M	$16.10M	$16.60M	$18.60M	$19.60M	$20.30M	$21.10M	$21.50M	$19.40M	$17.60M	$13.90M	$12.20M	$11.50M	$8.400M	$5.300M	$4.300M	$4.700M	$4.300M
YoY Change	-1.2%	-1.27%	15.23%	-1.99%	0.0%	1.01%	-4.33%	-2.8%	32.92%	-3.01%	-10.75%	-5.1%	-3.45%	-3.79%	-1.86%	10.82%	10.23%	26.62%	13.93%	6.09%	36.9%	58.49%	23.26%	-8.51%	9.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets	$1.419B	$1.369B	$1.389B	$950.9M	$800.0M	$753.0M	$739.1M	$716.0M	$692.3M	$518.2M	$522.9M	$532.7M	$539.1M	$544.6M	$552.7M	$548.2M	$541.6M	$527.9M	$475.0M	$408.8M	$343.7M	$295.9M	$249.4M	$229.3M	$206.6M	$191.1M
YoY Change
Accounts Payable	$5.022M	$4.880M	$4.100M	$3.900M	$1.800M	$1.500M	$1.700M	$4.100M	$5.100M	$4.900M	$3.300M	$5.500M	$4.400M	$3.200M	$4.500M	$4.400M	$2.200M	$2.200M	$1.300M	$2.000M	$2.200M	$2.100M	$1.600M	$1.300M	$900.0K	$800.0K
YoY Change	2.91%	19.02%	5.13%	116.67%	20.0%	-11.76%	-58.54%	-19.61%	4.08%	48.48%	-40.0%	25.0%	37.5%	-28.89%	2.27%	100.0%	0.0%	69.23%	-35.0%	-9.09%	4.76%	31.25%	23.08%	44.44%	12.5%
Accrued Expenses	$330.0K	$537.0K	$300.0K	$300.0K	$300.0K
YoY Change	-38.55%	79.0%	0.0%	0.0%
Deferred Revenue
YoY Change
Short-Term Debt	$50.00M								$0.00	$100.0K					$0.00	$2.500M	$3.400M	$0.00	$8.200M	$6.300M	$500.0K	$0.00	$0.00	$0.00	$1.500M	$0.00
YoY Change									-100.0%						-100.0%	-26.47%		-100.0%	30.16%	1160.0%				-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$5.022M	$5.417M	$4.400M	$4.200M	$2.100M	$1.500M	$1.700M	$4.100M	$5.100M	$4.900M	$3.300M	$5.500M	$4.400M	$3.200M	$4.500M	$4.400M	$2.200M	$2.200M	$1.300M	$2.000M	$2.200M	$2.100M	$1.600M	$1.300M	$900.0K	$800.0K
YoY Change	-7.29%	23.11%	4.76%	100.0%	40.0%	-11.76%	-58.54%	-19.61%	4.08%	48.48%	-40.0%	25.0%	37.5%	-28.89%	2.27%	100.0%	0.0%	69.23%	-35.0%	-9.09%	4.76%	31.25%	23.08%	44.44%	12.5%
Long-Term Debt	$64.28M	$14.27M	$19.30M	$19.30M	$14.30M	$14.20M	$14.20M	$14.20M	$14.20M	$9.300M	$15.30M	$15.40M	$28.40M	$29.40M	$29.50M	$54.70M	$52.90M	$58.10M	$58.50M	$53.50M	$39.60M	$26.60M	$28.70M	$33.50M	$33.60M	$17.70M
YoY Change	350.3%	-26.04%	0.0%	34.97%	0.7%	0.0%	0.0%	0.0%	52.69%	-39.22%	-0.65%	-45.77%	-3.4%	-0.34%	-46.07%	3.4%	-8.95%	-0.68%	9.35%	35.1%	48.87%	-7.32%	-14.33%	-0.3%	89.83%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$64.28M	$14.27M	$19.30M	$19.30M	$14.30M	$14.20M	$14.20M	$14.20M	$14.20M	$9.300M	$15.30M	$15.40M	$28.40M	$29.40M	$29.50M	$54.70M	$52.90M	$58.10M	$58.50M	$53.50M	$39.60M	$26.60M	$28.70M	$33.50M	$33.60M	$17.70M
YoY Change	350.3%	-26.04%	0.0%	34.97%	0.7%	0.0%	0.0%	0.0%	52.69%	-39.22%	-0.65%	-45.77%	-3.4%	-0.34%	-46.07%	3.4%	-8.95%	-0.68%	9.35%	35.1%	48.87%	-7.32%	-14.33%	-0.3%	89.83%
Total Liabilities	$1.303B	$1.261B	$1.272B	$866.0M	$722.8M	$686.3M	$681.0M	$663.8M	$646.4M	$458.6M	$469.3M	$487.8M	$502.0M	$496.1M	$497.9M	$509.1M	$503.7M	$495.4M	$445.6M	$382.7M	$320.1M	$271.7M	$227.8M	$210.0M	$189.4M	$173.5M
YoY Change	3.33%	-0.89%	46.93%	19.81%	5.32%	0.78%	2.59%	2.69%	40.95%	-2.28%	-3.79%	-2.83%	1.19%	-0.36%	-2.2%	1.07%	1.68%	11.18%	16.44%	19.56%	17.81%	19.27%	8.48%	10.88%	9.16%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Basic Shares Outstanding	6.265M	6.252M	5.551M	4.878M	4.965M	4.954M	4.941M shares	4.925M shares	4.911M shares	4.902B shares
Diluted Shares Outstanding	6.279M	6.259M	5.559M	4.880M	4.968M	4.956M	4.944M shares	4.928M shares	4.913M shares	4.902B shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $213.16 Million

About FIRST NATIONAL CORP /VA/

First National Corp. operates as a bank holding company, which engages in the provision of consumer and business banking services through its subsidiary. The company is headquartered in Strasburg, Virginia and currently employs 224 full-time employees. The Bank offers loan, deposit, and wealth management products and services. Its loan products and services include consumer loans, residential mortgages, home equity loans and commercial loans. Deposit products and services include checking accounts, treasury management solutions, savings accounts, money market accounts, certificates of deposit and individual retirement accounts. Wealth management services include estate planning, investment management of assets, trustee under an agreement, trustee under a will, individual retirement accounts and estate settlement. Its customers include small and medium-sized businesses, individuals and others. The company operates over 20 branches throughout the Shenandoah Valley, central regions of Virginia, and the Richmond and Roanoke market areas. The company also operates a loan production office and two customer service centers in retirement communities.

Industry: State Commercial Banks Peers: Affinity Bancshares Inc Benchmark Bankshares Inc JD BANCSHARES INC PNC Financial Services Group Inc United Bancorp Inc