First National Corp (FXNC)
First National Corp brought in $14.3M of revenue over the twelve months to June 30, 2026, down 9.8% from a year earlier. Net income was $21.7M, a net margin of 151.8%. Operating cash flow minus capital spending left $20.9M of free cash flow in fiscal 2025. At June 30, 2026 it held $166.1M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 13, 2026.
Key facts about First National Corp
- Net worth
- First National Corp has a market value (market cap) of $273.5M at the latest share price, and shareholders' equity of $193.6M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations brought in $25.1M of cash; after $4.2M of capital spending, free cash flow was $20.9M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 13, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- First National Corp's next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- First National Corp declared dividends of $0.64 per share in fiscal 2025, a yield of 2.10% at the current price.
What First National Corp does
First National Corp is registered with the SEC under industry code SIC 6022 (State Commercial Banks). Its shares trade on NASDAQ under the ticker FXNC.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $14.3M | $17.7M | $1.96 | $20.9M |
| 2024 | $14.2M | $7M | $1.00 | -$25.5M |
| 2023 | $10.2M | $9.6M | $1.53 | $14.5M |
| 2022 | $10.1M | $16.8M | $2.68 | $25.6M |
| 2021 | $9M | $10.4M | $1.86 | $7M |
| 2020 | $7.5M | $8.9M | $1.82 | $14.2M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where FXNC ranks in Finance
Dividends
First National Corp declared $0.64 per share in fiscal 2025. At the current price that is a yield of 2.10%. It paid out $5.5M in cash dividends, 31% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.64 | $5.5M | 31% |
| 2024 | $0.61 | $4M | 58% |
| 2023 | $0.60 | $3.6M | 37% |
| 2022 | $0.56 | $3.3M | 20% |
| 2021 | $0.48 | $2.5M | 24% |
| 2020 | $0.44 | $2M | 23% |
Latest SEC filings
What First National Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 23, 2026
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 13, 2026Quarterly report 10-Q · period to June 30, 2026Revenue was flat at $3.4M versus the same quarter last year; diluted EPS $0.63 versus $0.56.
- August 13, 2026Other event 8-K
- July 29, 2026
- July 28, 2026Passive stake (5% or more) SCHEDULE 13G
- May 15, 2026Passive stake changed SCHEDULE 13G/A
- May 14, 2026
- May 13, 2026Quarterly report 10-Q · period to March 31, 2026Revenue was flat at $3.3M versus the same quarter last year; diluted EPS $0.54 versus $0.18.
- May 13, 2026
What is FXNC worth? A DCF from its reported cash flow
Insider trades
What the people running First National Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 12, 2026 | Holt George Edwin IIIDirector | Received as pay | 1,113 | - |
| August 12, 2026 | Aikens Jason CDirector | Received as pay | 1,113 | - |
| August 12, 2026 | Beck Emily MarlowDirector | Received as pay | 1,113 | - |
| August 12, 2026 | Lee-Andrews Toni TDirector | Received as pay | 1,113 | - |
| August 12, 2026 | Wilkinson William SimmonsDirector | Received as pay | 1,113 | - |
| August 12, 2026 | Wagstaff Norman D JrDirector | Received as pay | 1,113 | - |
| August 12, 2026 | Wilkins III James RDirector | Received as pay | 1,113 | - |
| August 12, 2026 | Smith Gerald F JRDirector | Received as pay | 1,113 | - |
Who owns FXNC
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| James R. Wilkins, III13D, may seek influence | 5% | December 17, 2024 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 91 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 549,166 | +149,254 |
| Vanguard Capital Management LLC | 343,910 | +17,453 |
| Petiole USA ltd | 305,340 | -2,600 |
| Siena Capital Partners GP, LLC | 208,687 | -67,356 |
| Cutler Capital Management, LLC | 203,809 | -300 |
| Geode Capital Management, LLC | 196,713 | +17,093 |
| State Street Corp | 146,258 | +29,018 |
| De Lisle Partners LLP | 138,113 | 0 |
| American Century Companies Inc | 115,497 | +85,227 |
| Citadel Advisors LLC | 110,354 | +97,094 |
| Dimensional Fund Advisors LP | 102,438 | +52,171 |
| Goldman Sachs Group Inc | 97,669 | +46,534 |
| Qube Research & Technologies Ltd | 64,355 | new |
| Northern Trust Corp | 62,337 | -405 |
| Vanguard Portfolio Management LLC | 53,756 | +8,771 |
| Vanguard Fiduciary Trust Co | 52,003 | +3,262 |
| Nuveen, LLC | 48,890 | +30,574 |
| Piedmont Capital Management, LLC | 42,955 | 0 |
| Morgan Stanley | 36,407 | +14,663 |
| Marshall Wace, Llp | 36,349 | +12,079 |
Insiders
14 insiders reported holding 728,711 shares in total, about $22M at the last price.
| Holder | Shares |
|---|---|
| Wilkins III James RDirector | 303,462 |
| Wagstaff Norman D JrDirector | 100,452 |
| Harvard Scott CPresident & CEO, Director | 71,565 |
| Holt George Edwin IIIDirector | 45,447 |
| Dysart Dennis ASenior EVP/COO | 43,414 |
| Smith Gerald F JRDirector | 42,768 |
| Patel KirteshDirector | 33,724 |
| Wilkinson William SimmonsDirector | 22,977 |
| Funk William MichaelDirector | 19,783 |
| Aikens Jason CDirector | 11,407 |
Questions about FXNC
What does First National Corp do?
First National Corp is a company in the Finance sector, listed on NASDAQ as FXNC. Its shares trade on NASDAQ under the ticker FXNC.
What is First National Corp's net worth?
First National Corp has a market value (market cap) of $273.5M at the latest share price, and shareholders' equity of $193.6M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is First National Corp profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $21.7M on revenue of $14.3M, a net margin of 151.8%.
How much revenue does First National Corp make?
Over the twelve months to June 30, 2026 First National Corp reported revenue of $14.3M. That is 9.8% less than a year earlier.
When did First National Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 13, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the quarterly results from October 23, 2026.
When is First National Corp's next earnings report?
First National Corp's next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does First National Corp pay a dividend?
Yes. First National Corp declared dividends of $0.64 per share in fiscal 2025, a yield of 2.10% at the current price.
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Where the numbers come from
Financial figures are the values First National Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.