MARKETS / NASDAQ / FXNC
NASDAQ · STATE COMMERCIAL BANKS · SMALL CAP

First National Corp. /va/ FXNC

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY6 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$14.3M
▲ 0.8% vs FY2024
Dividend streak
6 yrs
Raised every year since 2020
EPS · FY25
$1.96
Dividend / sh · FY25
$0.64
Payout · FY25
31%
ROE · FY25
10.0%
Net margin · FY25
123.9%
Dividend coverage
3.1×
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Result
USD 14.3M
Revenue, FY2025 · full 17-year series below
Revenue Net income
0.0040.0080.0120.0160.00.02009201220152018202120242025
0.0040.0080.0120.0160.00.02016201920222025

124 cents of every revenue dollar became profit this year.

Per share
USD 1.96
Diluted EPS, FY2025
EPS Dividend
1230.641.962009201220152018202120242025
1230.641.962016201920222025

Earnings covered the dividend 3.1 times — the rest stayed in the company.

Profitability
10.0%
Return on equity, FY2025
ROE
8162410.0%2009201220152018202120242025
8162410.0%2016201920222025
Operating margin153.6%
Net margin123.9%
Return on assets0.9%

Each USD of equity produced 10 cents of profit this year.

Returned to shareholders
USD 5.5M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 5.5M
Net buybacks
Share of profit31.2%
Consecutive raises6 years

USD 5.5M in dividends — 31% of the year's profit went back to shareholders.

Growth
+13.8% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+12.4%
+13.8%
Net income
+1.8%
+14.9%
+20.9%
EPS, diluted
−9.9%
+1.5%
+20.3%
Dividend / share
+4.3%
+7.6%
+20.3%
Returned to shareholders
+18.6%
+22.4%
+28.3%
+9.4%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.01B
Shares outstanding, FY2025
0.000.012009201220152018202120242025
0.000.012016201920222025
Change, 5 years+85.7%
Change, 10 years+83.6%

The share count grew 86% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 2.0B
total assets, end of FY2025
Total assetsUSD 2.0B
EquityUSD 186.2M
CashUSD 160.9M
DepositsUSD 1.8B

Equity funds 9% of total assets.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
·
·
·
·
·
·
·
·
Operating income $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
·
·
·
EBITDA $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
·
·
·
Income tax $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
0.0
−0.0
0.0
Net income $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
−0.0
0.0
EPS, diluted $
1.96
1.00
1.53
2.68
1.86
1.82
1.92
2.04
1.30
1.20
0.31
1.32
1.83
0.48
−4.01
−1.53
0.49
Dividend / sh $
0.64
0.60
0.60
0.56
0.48
0.44
0.36
·
·
0.12
0.10
0.07
·
·
0.20
0.56
0.56
Payout %
31
58
37
20
24
23
18
9
10
9
17
4
·
·
−5
−40
71
ROE %
10.0
4.9
8.6
14.9
10.3
10.9
13.3
16.2
11.7
12.0
5.0
13.5
20.1
6.8
−25.6
−7.0
3.9
Shares out B
0.01
0.01
0.01
0.01
0.01
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
32 of 32
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed