First National (NASDAQ:FXNC) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Posted by Francis Steltz on Jul 31st, 2026

First National (NASDAQ:FXNC – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04, FiscalAI reports. First National had a net margin of 18.43% and a return on equity of 11.62%. The firm had revenue of $24.00 million for the quarter, compared to analyst estimates of $23.45 million.

First National Trading Up 0.5%

NASDAQ:FXNC traded up $0.14 on Friday, hitting $31.79. The stock had a trading volume of 26,004 shares, compared to its average volume of 68,007. The stock has a market cap of $287.37 million, a price-to-earnings ratio of 13.24 and a beta of 0.43. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average price of $29.35 and a two-hundred day moving average price of $27.91. First National has a 1-year low of $20.78 and a 1-year high of $32.01.

First National Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. First National’s payout ratio is 28.33%.

Institutional Investors Weigh In On First National

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its stake in shares of First National by 10.3% in the 4th quarter. Empowered Funds LLC now owns 19,614 shares of the company’s stock valued at $495,000 after purchasing an additional 1,837 shares during the last quarter. Bridgeway Capital Management LLC lifted its position in First National by 3.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 50,414 shares of the company’s stock valued at $1,272,000 after buying an additional 1,837 shares during the last quarter. Barclays PLC boosted its stake in First National by 19.9% during the fourth quarter. Barclays PLC now owns 16,825 shares of the company’s stock worth $425,000 after buying an additional 2,791 shares during the period. Marshall Wace LLP increased its position in shares of First National by 47.2% during the fourth quarter. Marshall Wace LLP now owns 23,988 shares of the company’s stock valued at $605,000 after acquiring an additional 7,697 shares during the last quarter. Finally, Fourthstone LLC grew its stake in shares of First National by 1.7% in the fourth quarter. Fourthstone LLC now owns 888,672 shares of the company’s stock valued at $22,430,000 after buying an additional 15,026 shares in the last quarter. Institutional investors and hedge funds own 33.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FXNC shares. Weiss Ratings restated a “buy (b)” rating on shares of First National in a research report on Monday, July 13th. Wall Street Zen upgraded First National from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Raymond James Financial started coverage on shares of First National in a research note on Thursday, June 25th. They set a “market perform” rating on the stock. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

View Our Latest Stock Analysis on FXNC

First National Company Profile

(Get Free Report)

First National Corporation operates as the bank holding company for First Bank that provides various commercial banking services to small and medium-sized businesses, individuals, estates, local governmental entities, and non-profit organizations in Virginia. The company's deposit products include checking, savings, money market, and individual retirement accounts, as well as certificates of deposit and treasury management solutions. Its loan products comprise construction loans, including residential, land acquisition, and development loans; 1-4 family residential real estate loans; and commercial real estate loans that are secured by commercial real estate, including multi-family residential buildings, office and retail buildings, hotels, industrial buildings, and religious facilities.