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Companies / Financials / First National Corporation
FXNC

First National Corporation

FinancialsBanks & Brokers
Ticker FXNCSTRASBURG, VAFiscal year ends DecemberBook value per share $21.37Diluted shares 9.1M

First National Corporation (Nasdaq: FXNC) is a Virginia bank holding company whose primary operating subsidiary, First Bank, provides banking and wealth management services. Its products include consumer, residential mortgage, home equity and commercial loans; checking, savings, money market and certificate-of-deposit… From the company’s description.

Over the twelve months to Jun 30, 2026, First National Corporation reported revenue of $93.26M, up 12.0% from a year earlier, and net income of $21.68M. Its pre-tax margin was 28.9%. In fiscal 2025, it reported revenue of $90.26M, up 31.1% from fiscal 2024, and net income of $17.70M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$90.26MFY2025
+31.1% year over year
Last 12 mo $93.26M
24.31%FY2025
+12.6 percentage points
Last 12 mo 28.86%
$17.70MFY2025
+154.1% year over year
Last 12 mo $21.68M
9.51%FY2025
+5.3 percentage points
Last 12 mo 11.20%
Cash & financing
$25.11MFY2025
+213.1% year over year
Last 12 mo $30.22M
$20.93MFY2025
+182.1% year over year
Last 12 mo $26.19M
9.89FY2025
Was 11.01× a year earlier
Last 12 mo 9.68
9.0MFY2025
+29.3% year over year
Last 12 mo 9.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What First National Corporation does

In the company’s own words

First National Corporation (Nasdaq: FXNC) is a Virginia bank holding company whose primary operating subsidiary, First Bank, provides banking and wealth management services. Its products include consumer, residential mortgage, home equity and commercial loans; checking, savings, money market and certificate-of-deposit accounts; treasury management; and estate planning, investment management, trustee and estate settlement services. Customers include individuals, small and medium-sized businesses, estates, local governments and nonprofit organizations. The company operates as a single banking business, with revenue generated principally from net interest income and also from deposit service charges, wealth management fees, and ATM and check card fees. Its Virginia and northern North Carolina markets are served through 33 branches, a loan production office, a customer service center in a retirement community, mobile banking and ATMs. First Bank began operations in 1907 as The Peoples National Bank of Strasburg and adopted its current name in 1994 after converting to a Virginia state charter. The Bank employed 308 full-time equivalent employees at December 31, 2025. Its website is www.fbvirginia.com.

Company details
Sector
Financials
Industry (SIC)
Banks & Brokers
Headquarters
STRASBURG, VA
Fiscal year end
December
CIK
719402
SIC
6022

Financial performance, year by year

Fiscal 2011–2025 · USD
$-21.38M$9.88M$41.15M$72.42M$103.69M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns First National Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

107
funds hold it
0 of 35
superinvestors hold it
$36.44M
held by funds, at market
13.8%
of shares held by funds

Largest fund holders · First National Corporation’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 Value ETF
IWN · iShares Trust
0.02%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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