First National Corporation (FXNC)

Nasdaq: FXNC · State Commercial Banks · Strasburg, VA · filing with the SEC since 1996

Grade6.1

◀ Past 6.6● Present 4.3▶ Future 7.7

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Mar 25, 2026	Mar 31, 2025	Mar 29, 2024	Mar 30, 2023	Mar 30, 2022	Mar 31, 2021	Mar 13, 2020	Mar 14, 2019	Mar 23, 2018	Mar 29, 2017
Revenue	14,290	14,182	10,238	10,069	9,019	7,493^r	7,810	7,717	7,185	·
For lenders
Interest and dividend income	99,497	76,319	57,719	49,395	37,144	32,851	32,897	31,138	27,652	25,237
Interest expense on deposits and borrowings	26,251	23,867	14,306	·	·	·	·	·	·	·
Net interest income	73,246	52,452	43,413	45,575	34,840	29,468	28,010	27,626	25,266	23,255
Provision for credit losses	2,887	7,850	6,150	1,850	-650	3,000	450	600	100	0
Net interest income after provision	70,359	44,602	37,263	43,725	35,490	26,468	27,560	27,026	25,166	23,255
Noninterest income	17,018	16,380	11,784	12,621	10,187	8,254^r	8,552	9,157	8,292	8,493
Noninterest expense	65,433	52,934	37,242	35,597	32,732	23,815^r	24,318	23,761	23,284	23,488
Interest expense	·	·	14,306	3,820	2,304	3,383	4,887	3,512	2,386	1,982
Income before income taxes	21,944	8,048	11,805	20,749	12,945	10,907	11,794	12,422	10,174	8,260
Income tax expense	4,241	1,082	2,181	3,952	2,586	2,049	2,238	2,287	3,726	2,353
Net income	17,703	6,966	9,624	16,797	10,359	8,858	9,556	10,135	6,448	5,907
Net income to common shareholders	·	·	·	·	·	·	·	·	·	5,907
Earnings per share, basic	1.97	1.00	1.54	2.69	1.87	1.82	1.92	2.05	1.30	1.20
Earnings per share, diluted	1.96	1.00	1.53	2.68	1.86	1.82	1.92	2.04	1.30	1.20
Weighted average shares, basic	8,994,410	6,955,592	6,265,394	6,252,369	5,550,589	4,878,139	4,964,832	4,953,537	4,941,233	4,924,636
Weighted average shares, diluted	9,015,480	6,971,089	6,279,105	6,259,357	5,559,081	4,880,266	4,967,932	4,956,376	4,943,898	4,928,184

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax

Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaid

us-gaap:ProvisionForLoanLeaseAndOtherLosses
us-gaap:ProvisionForLoanAndLeaseLosses

Net interest income after provision interest income left after the provisionus-gaap:InterestIncomeExpenseAfterProvisionForLoanLoss

Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome

Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense

Interest expense what its borrowing costus-gaap:InterestExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton FXNC · research, not advice