First National (FXNC) AI Stock Analysis

• Market Cap: $202.28M
• Dividend Yield: 2.71%
• Average Volume (3M): 27.96K
• Price to Earnings (P/E): 22.6
• Beta (1Y): 0.27
• Revenue Growth: 32.97%
• EPS Growth: -24.82%
• Country: US
• Employees: 154
• Sector: Financial
• Sector Strength: 82
• Industry: Banks - Regional
• EPS (TTM): 1.15
• Shares Outstanding: 8,970,321
• 10 Day Avg. Volume: 21,571
• 30 Day Avg. Volume: 27,959
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 3.45
• Price to Cash Flow (P/CF): 8.10
• P/FCF Ratio: 4.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $28.50
• Price Target Upside: 26.39% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

First National Corporation presents a stable financial profile with strong revenue growth and healthy margins. However, the lack of recent cash flow data and a decrease in ROE suggest areas for improvement. The stock is fairly valued with a moderate P/E ratio and offers a reasonable dividend yield. Technical indicators show neutral momentum, and recent corporate changes are expected to positively impact future performance.

First National Business Overview & Revenue Model

Company Description

First National Corporation (FXNC) is a financial holding company that primarily operates through its banking subsidiary, First Bank. The company offers a range of financial services, including personal and business banking solutions, mortgage lending, and wealth management services. With a focus on community banking, FXNC serves both individual and commercial clients across various regions, emphasizing personalized customer service and local decision-making.

How the Company Makes Money

First National Corporation makes money primarily through its banking operations, which generate revenue from interest income on loans and investments, as well as fees for various banking services. Key revenue streams include interest earned on a diverse portfolio of loans such as commercial, residential, and consumer loans. Additionally, FXNC earns non-interest income through service charges on deposit accounts, wealth management services, and transaction fees. The company also benefits from strategic partnerships and a strong local presence, which help attract and retain customers, thereby contributing to its overall earnings.

First National Financial Statement Overview

Summary

First National demonstrates solid revenue growth and strong profit margins, indicating a healthy income statement. The balance sheet shows conservative leverage with a low debt-to-equity ratio, but a decreased ROE signals a need for improved profitability. The absence of recent cash flow data presents uncertainty, though historical performance suggests strong cash management.

Income Statement

First National has demonstrated consistent revenue growth with a 18.28% increase from 2023 to 2024. The gross profit margin remains strong, as the company enjoys a 100% gross profit margin due to its industry nature. Despite a slight decline in net income compared to 2023, the net profit margin is robust at 12.01%. The EBIT margin improved to 24.57%, indicating effective cost management.

Balance Sheet

The debt-to-equity ratio is quite low at 0.18, suggesting conservative leverage and financial stability. The equity ratio stands at 8.28%, which is reasonable but indicates reliance on liabilities. ROE decreased to 4.18% from previous years, showing a need for improved profitability relative to equity.

Cash Flow

Cash flow figures are unavailable for 2024, making it difficult to assess current cash flow stability. In previous years, free cash flow growth and operating cash flow ratios were positive, suggesting historically strong cash management, but the absence of recent data poses a risk.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
58.02M	49.05M	56.85M	45.01M	37.69M
	Gross Profit
58.02M	49.05M	56.85M	45.01M	37.69M
	EBIT
14.26M	11.76M	23.08M	12.95M	10.91M
	EBITDA
0.00	0.00	22.26M	14.35M	12.37M
	Net Income Common Stockholders
6.97M	9.62M	16.80M	10.36M	8.86M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
24.92M	87.16M	229.82M	465.50M	267.52M
	Total Assets
2.01B	1.42B	1.37B	1.39B	950.93M
	Total Debt
30.45M	64.61M	14.27M	19.27M	19.27M
	Net Debt
5.54M	-22.56M	-52.64M	-156.73M	-108.03M
	Total Liabilities
1.84B	1.30B	1.26B	1.27B	866.02M
	Stockholders Equity
166.53M	116.27M	108.36M	117.04M	84.92M
Cash Flow		Free Cash Flow
0.00	14.52M	25.59M	7.03M	14.18M
	Operating Cash Flow
0.00	16.39M	26.77M	7.87M	15.09M
	Investing Cash Flow
0.00	-34.34M	-120.14M	-126.30M	-70.49M
	Financing Cash Flow
0.00	38.20M	-15.72M	167.15M	136.91M

First National Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 22.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FXNC, the sentiment is Negative. The current price of 22.55 is below the 20-day moving average (MA) of 22.62, below the 50-day MA of 24.06, and above the 200-day MA of 20.43, indicating a neutral trend. The MACD of -0.38 indicates Negative momentum. The RSI at 38.59 is Neutral, neither overbought nor oversold. The STOCH value of 28.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FXNC.

First National Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ONB	69 Neutral	$6.71B	12.50	9.06%	2.66%	16.39%	-13.25%
CCNE	67 Neutral	$467.02M	9.33	9.17%	3.21%	11.48%	-6.49%
HBNC	66 Neutral	$667.26M	18.86	4.78%	4.22%	10.94%	26.35%
Sector *	64 Neutral	$14.25B	10.26	8.97%	4.33%	16.33%	-11.91%
UBSI	61 Neutral	$4.93B	12.50	7.62%	4.30%	6.80%	1.48%
FXNC	58 Neutral	$202.28M	22.57	4.93%	2.71%	32.97%	-24.82%
FUNC	58 Neutral	$192.19M	9.44	12.06%	2.83%	16.56%	40.31%

First National Corporate Events

First National Appoints Brad Schwartz as CFO

On March 7, 2025, First National Corporation announced the appointment of Brad E. Schwartz as Executive Vice President and Chief Financial Officer, effective March 31, 2025. With over 40 years of experience in the banking industry, Schwartz is expected to bring strong leadership and financial expertise to First Bank, enhancing its strategic operations and supporting its growth trajectory following recent acquisitions.