First National Corporation (FXNC)

From the record

First National Corporation's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

First National Corporation's 10 filed years say what it did: revenue went from $25 million in fiscal 2016 to $99 million in fiscal 2025, up 16.5% a year; it rose in 8 of 9 years; the deepest fall was 0% from fiscal 2019 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, First National Corporation's diluted share count grew about 12.9% a year, and dividends and buybacks returned about 68% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 1 purchase of their own stock on the open market in the year to 2026-09-30, buying about $27 thousand (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, First National Corporation earned about 10 cents of profit for every dollar of shareholders' money. Leverage: it owed about 91 cents per dollar of assets, and net share issuance: its share count grew 29.3% over the year (the filed statements).

From the record

First National Corporation's standing among 155 graded names in its industry family: revenue of $99 million in fiscal 2025 ranks in the bottom 14% by size; a net margin of 17.8% ranks in the bottom 33%; revenue growth of 26.3% a year over the last 3 filed years ranks in the top 15% (its annual reports).

From the record

First National Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Harvard, Scott C (President & CEO, as filed), filing under that title since 2011-05-19, 15.5 years (top 15% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 9.8 years (top 18%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (top 28%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

First National Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $161 million against no long-term debt tagged leaves 7.9% of its assets as net cash, top 15% of its family; cash from operations less capital spending is 21% of revenue (bottom 38%) (its annual report).

From the record

First National Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 26.3% a year over the last three filed years against 16.5% over all 10, speeding up (top 13% of its family); the newest year grew 30.4% (top 5%); capital spending grew 52.4% a year (top 14%) (its annual reports). First National Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

First National Corporation's newest year against its own record: revenue of $99 million in fiscal 2025 came in 4.9% above the $95 million its prior three years' pace pointed to (top 8% of its family); net income of $18 million against a prior three-year average of $11 million (top 8%); a net margin of 17.8% against 19.9% before (top 37%) (its annual reports).