First National Corp /Va/FXNC
What First National Corp /Va/ does.
First National Corporation (the Company) is a bank holding company incorporated under Virginia law on September 7, 1983. The Company owns all of the stock of its primary operating subsidiary, First Bank (the Bank), which is a commercial bank chartered under Virginia law. The Company’s subsidiaries are:
First Bank Financial Services, Inc. owns an interest in an entity that provides title insurance services. Shen-Valley Land Holdings, LLC was formed to hold other real estate owned and future office sites. McKenney Group, LLC owns an interest in a now inactive entity that previously provided insurance services. The Trusts were formed for the purpose of issuing redeemable capital securities, commonly known as trust preferred securities and are not included in the Company’s consolidated financial statements in accordance with authoritative accounting guidance because management has determined that the Trusts qualify as variable interest entities.
The Bank first opened for business on July 1, 1907, under the name The Peoples National Bank of Strasburg. On January 10, 1928, the Bank changed its name to The First National Bank of Strasburg. On April 12, 1994, the Bank received approval from the Federal Reserve Bank of Richmond and the Virginia State Corporation Commission’s Bureau of Financial Institutions to convert to a state chartered bank with membership in the Federal Reserve Syste m. On June 1, 1994, the Bank consummated such conversion and changed its name to First Bank.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $7.5M | $9.0M | $10.1M | $10.2M | $14.2M | $14.3M |
| Net income | $8.9M | $10.4M | $16.8M | $9.6M | $7.0M | $17.7M |
| Free cash flow | $14.2M | $7.0M | $25.6M | $14.5M | -$25.5M | $20.9M |
More on FXNC.
- First National Corp /Va/ summary
- First National Corp /Va/ financial statements
- First National Corp /Va/ key metrics
- First National Corp /Va/ health scores and style box
- First National Corp /Va/ earnings
- First National Corp /Va/ dividends
- First National Corp /Va/ valuation
- First National Corp /Va/ ownership and insiders
- First National Corp /Va/ peers
Figures from First National Corp /Va/'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.