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 various types of commercial real estate, including multi-family residential buildings, office and retail buildings, hotels, industrial buildings, and religious facilities. The company's loan products also include commercial and industrial loans that are secured by business assets, such as accounts receivable, equipment, and inventory; home equity loans; and secured and unsecured consumer loans, such as lines of credit, automobile loans, deposit account loans, and installment and demand loans. In addition, it provides wealth management services, including estate planning, investment management of assets, trustee under an agreement, trustee under a will, and estate settlement. Further, the company offers title insurance and investment services; and holds other real estate owned and office sites, as well as provides internet and mobile banking, remote deposit capture, and other traditional banking services. It serves customers through 14 bank branch offices, a loan production office, and a customer service center, as well as through a network of ATMs. The company was founded in 1907 and is headquartered in Strasburg, Virginia.
IPO Year:
Exchange: NASDAQ
Website: fbvirginia.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/8/2024 | $22.00 | Outperform | Hovde Group |
| 8/1/2024 | $21.00 | Neutral → Buy | Janney |
| 9/12/2023 | $19.00 | Buy → Neutral | Janney |
| 11/16/2022 | $21.50 | Buy | Janney |
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8-K - FIRST NATIONAL CORP /VA/ (0000719402) (Filer)
8-K - FIRST NATIONAL CORP /VA/ (0000719402) (Filer)
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4 - FIRST NATIONAL CORP /VA/ (0000719402) (Issuer)
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4 - FIRST NATIONAL CORP /VA/ (0000719402) (Issuer)
4 - FIRST NATIONAL CORP /VA/ (0000719402) (Issuer)
4 - FIRST NATIONAL CORP /VA/ (0000719402) (Issuer)
4 - FIRST NATIONAL CORP /VA/ (0000719402) (Issuer)
4 - FIRST NATIONAL CORP /VA/ (0000719402) (Issuer)
4 - FIRST NATIONAL CORP /VA/ (0000719402) (Issuer)
STRASBURG, Va., Nov. 15, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of First National Corporation (the "Company") (NASDAQ:FXNC) declared a quarterly cash dividend of $0.155 per share on November 13, 2024, a 3% increase compared to the quarterly dividend paid on September 13, 2024. This is the tenth consecutive year the Company has increased its dividend to shareholders. The dividend is payable on December 13, 2024, to shareholders of record as of November 29, 2024. ABOUT FIRST NATIONAL CORPORATION First National Corporation (NASDAQ:FXNC) is the parent company and bank holding company of First Bank (the "Bank"), a community bank that first opened for business in 1907 in Strasburg, Vi
STRASBURG, Va., Nov. 01, 2024 (GLOBE NEWSWIRE) -- First National Corporation (the "Company" or "First National") (NASDAQ:FXNC), reported unaudited consolidated net income of $2.2 million and basic and diluted earnings per common share of $0.36 for the third quarter of 2024 and adjusted net income(1) of $2.4 million and adjusted basic and diluted earnings per common share(1) of $0.39. (Dollars in thousands, except earnings per share) Three Months Ended Sept 30, 2024 Jun 30, 2024 Sept 30, 2023 Net income $2,248 $2,442 $3,121 Basic and diluted earnings per share $0.36 $0.39 $0.50 Return on average assets 0.62% 0.68% 0.91%Return on average equity 7.28% 8.31% 10.96% N
STRASBURG, Va., Oct. 01, 2024 (GLOBE NEWSWIRE) -- First National Corporation (NASDAQ:FXNC) (the "Company" or "First National"), the one-bank holding company of First Bank, announced today that it has completed the acquisition by merger of Touchstone Bankshares, Inc. ("Touchstone") effective October 1, 2024 (the "Merger"). Immediately following the Merger, Touchstone Bank, the wholly owned subsidiary of Touchstone Bankshares, Inc., was merged with and into First Bank. Pursuant to the previously announced terms of the Merger, each outstanding share of Touchstone Bankshares, Inc. common stock and preferred stock (on an as-converted, one-for-one basis, which shares of preferred stock converted
PRINCE GEORGE, Va., Sept. 19, 2024 /PRNewswire/ -- Touchstone Bankshares, Inc. (the "Company") (OTC:TSBA) announced today that its Board of Directors has declared a pro rata annual cash dividend in anticipation of its previously announced merger (the "Merger") with First National Corporation ("First National") (NASDAQ:FXNC). The pro rata annual cash dividend will be $0.16 per share of the Company's common and preferred stock and is payable on September 27, 2024 to the shareholders of record as of September 20, 2024. The amount of the dividend is equal to the pro rata portion o
STRASBURG, Va. and PRINCE GEORGE, Va., Sept. 03, 2024 (GLOBE NEWSWIRE) -- At separate shareholder meetings held on August 29, 2024, First National Corporation (NASDAQ:FXNC) (the "Company" or "First National"), the bank holding company of First Bank, and Touchstone Bankshares, Inc. ("Touchstone") (OTCPK: TSBA), the bank holding company of Touchstone Bank, received the required approval of each company's shareholders to consummate the previously announced merger of Touchstone with and into First National in an all-stock transaction (the "Merger"). Immediately following the Merger, Touchstone Bank would then merge with and into First Bank. The parties expect the Merger to be effective in the
STRASBURG, Va. and PRINCE GEORGE, Va., Aug. 08, 2024 (GLOBE NEWSWIRE) -- First National Corporation ("First National") (NASDAQ:FXNC), the bank holding company of First Bank, and Touchstone Bankshares, Inc. ("Touchstone") (OTCPK: TSBA), the bank holding company of Touchstone Bank, announced today the receipt of regulatory approvals from the Federal Reserve Bank of Richmond, acting under authority delegated by the Board of Governors of the Federal Reserve System, and the Bureau of Financial Institutions of the Commonwealth of Virginia, to complete the previously announced merger of Touchstone with and into First National in an all-stock transaction (the "Merger"). Immediately following the
PRINCE GEORGE, Va., July 31, 2024 /PRNewswire/ -- Touchstone Bankshares, Inc. (the "Company") (OTC:TSBA), and its wholly owned subsidiary, Touchstone Bank (the "Bank"), reported unaudited results for the three and six months ended June 30, 2024. The Company reported net income available to common shareholders of $451 thousand for the three months ended June 30, 2024. Basic and diluted earnings per common share for the three months ended June 30, 2024, was $0.14, while return on average assets (annualized), return on average common equity (annualized) and the efficiency ratio w
STRASBURG, Va., July 31, 2024 (GLOBE NEWSWIRE) -- First National Corporation (the "Company" or "First National") (NASDAQ:FXNC), reported unaudited consolidated net income of $2.4 million and basic and diluted earnings per common share of $0.39 for the second quarter of 2024 and adjusted net income(1) of $3.0 million and adjusted basic and diluted earnings per common share(1) of $0.48. (Dollars in thousands, except earnings per share) Three Months Ended Jun 30, 2024 Mar 31, 2024 Jun 30, 2023 Net income $2,442 $3,209 $3,505 Basic and diluted earnings per share $0.39 $0.51 $0.56 Return on average assets 0.68% 0.90% 1.02%Return on average equity 8.31% 11.07% 12.56% No
PRINCE GEORGE, Va., April 30, 2024 /PRNewswire/ -- Touchstone Bankshares, Inc. (the "Company") (OTC:TSBA), and its wholly owned subsidiary, Touchstone Bank (the "Bank"), reported unaudited results for the three months ended March 31, 2024. The Company reported net income available to common shareholders of $327 thousand for the three months ended March 31, 2024. Basic and diluted earnings per common share for the three months ended March 31, 2024, was $0.10, while return on average assets (annualized), return on average common equity (annualized) and the efficiency ratio was 0
STRASBURG, Va., April 30, 2024 (GLOBE NEWSWIRE) -- First National Corporation (the "Company" or "First National") (NASDAQ:FXNC), the bank holding company of First Bank (the "Bank"), reported unaudited consolidated net income of $3.2 million and diluted earnings per common share of $0.51 for the three months ended March 31, 2024. FIRST QUARTER HIGHLIGHTS Key highlights of the three months ended March 31, 2024 are as follows. Comparisons are to the three-month period ended December 31, 2023, unless otherwise stated: Return on average assets of 0.90% Return on average equity of 11.07% Deposits increased $25.4 million, or 8% annualized Noninterest-bearing deposits stable at 31% of total
STRASBURG, Va., Nov. 15, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of First National Corporation (the "Company") (NASDAQ:FXNC) declared a quarterly cash dividend of $0.155 per share on November 13, 2024, a 3% increase compared to the quarterly dividend paid on September 13, 2024. This is the tenth consecutive year the Company has increased its dividend to shareholders. The dividend is payable on December 13, 2024, to shareholders of record as of November 29, 2024. ABOUT FIRST NATIONAL CORPORATION First National Corporation (NASDAQ:FXNC) is the parent company and bank holding company of First Bank (the "Bank"), a community bank that first opened for business in 1907 in Strasburg, Vi
STRASBURG, Va., Nov. 01, 2024 (GLOBE NEWSWIRE) -- First National Corporation (the "Company" or "First National") (NASDAQ:FXNC), reported unaudited consolidated net income of $2.2 million and basic and diluted earnings per common share of $0.36 for the third quarter of 2024 and adjusted net income(1) of $2.4 million and adjusted basic and diluted earnings per common share(1) of $0.39. (Dollars in thousands, except earnings per share) Three Months Ended Sept 30, 2024 Jun 30, 2024 Sept 30, 2023 Net income $2,248 $2,442 $3,121 Basic and diluted earnings per share $0.36 $0.39 $0.50 Return on average assets 0.62% 0.68% 0.91%Return on average equity 7.28% 8.31% 10.96% N
PRINCE GEORGE, Va., Sept. 19, 2024 /PRNewswire/ -- Touchstone Bankshares, Inc. (the "Company") (OTC:TSBA) announced today that its Board of Directors has declared a pro rata annual cash dividend in anticipation of its previously announced merger (the "Merger") with First National Corporation ("First National") (NASDAQ:FXNC). The pro rata annual cash dividend will be $0.16 per share of the Company's common and preferred stock and is payable on September 27, 2024 to the shareholders of record as of September 20, 2024. The amount of the dividend is equal to the pro rata portion o
PRINCE GEORGE, Va., July 31, 2024 /PRNewswire/ -- Touchstone Bankshares, Inc. (the "Company") (OTC:TSBA), and its wholly owned subsidiary, Touchstone Bank (the "Bank"), reported unaudited results for the three and six months ended June 30, 2024. The Company reported net income available to common shareholders of $451 thousand for the three months ended June 30, 2024. Basic and diluted earnings per common share for the three months ended June 30, 2024, was $0.14, while return on average assets (annualized), return on average common equity (annualized) and the efficiency ratio w
STRASBURG, Va., July 31, 2024 (GLOBE NEWSWIRE) -- First National Corporation (the "Company" or "First National") (NASDAQ:FXNC), reported unaudited consolidated net income of $2.4 million and basic and diluted earnings per common share of $0.39 for the second quarter of 2024 and adjusted net income(1) of $3.0 million and adjusted basic and diluted earnings per common share(1) of $0.48. (Dollars in thousands, except earnings per share) Three Months Ended Jun 30, 2024 Mar 31, 2024 Jun 30, 2023 Net income $2,442 $3,209 $3,505 Basic and diluted earnings per share $0.39 $0.51 $0.56 Return on average assets 0.68% 0.90% 1.02%Return on average equity 8.31% 11.07% 12.56% No
PRINCE GEORGE, Va., April 30, 2024 /PRNewswire/ -- Touchstone Bankshares, Inc. (the "Company") (OTC:TSBA), and its wholly owned subsidiary, Touchstone Bank (the "Bank"), reported unaudited results for the three months ended March 31, 2024. The Company reported net income available to common shareholders of $327 thousand for the three months ended March 31, 2024. Basic and diluted earnings per common share for the three months ended March 31, 2024, was $0.10, while return on average assets (annualized), return on average common equity (annualized) and the efficiency ratio was 0
STRASBURG, Va., April 30, 2024 (GLOBE NEWSWIRE) -- First National Corporation (the "Company" or "First National") (NASDAQ:FXNC), the bank holding company of First Bank (the "Bank"), reported unaudited consolidated net income of $3.2 million and diluted earnings per common share of $0.51 for the three months ended March 31, 2024. FIRST QUARTER HIGHLIGHTS Key highlights of the three months ended March 31, 2024 are as follows. Comparisons are to the three-month period ended December 31, 2023, unless otherwise stated: Return on average assets of 0.90% Return on average equity of 11.07% Deposits increased $25.4 million, or 8% annualized Noninterest-bearing deposits stable at 31% of total
STRASBURG, Va., Feb. 01, 2024 (GLOBE NEWSWIRE) -- First National Corporation (the "Company" or "First National") (NASDAQ:FXNC), the bank holding company of First Bank (the "Bank"), reported unaudited consolidated net income of $9.6 million and diluted earnings per common share of $1.53 for the year ended December 31, 2023. This compared to net income of $16.8 million and diluted earnings per common share of $2.68 for the year ended December 31, 2022. For the fourth quarter ended December 31, 2023, the Company reported unaudited consolidated net loss of $851 thousand and diluted loss per common share of $0.14. This compared to net income of $3.1 million and diluted earnings per common shar
STRASBURG, Va., Oct. 26, 2023 (GLOBE NEWSWIRE) -- First National Corporation (the "Company" or "First National") (NASDAQ:FXNC), the bank holding company of First Bank (the "Bank"), reported unaudited consolidated net income of $3.1 million and diluted earnings per common share of $0.50 for the three-months ending September 30, 2023. This compared to net income of $3.5 million and diluted earnings per common share of $0.56 for the three-month period ending June 30, 2023, and net income of $4.5 million and diluted earnings per common share of $0.71 for the third quarter of 2022. THIRD QUARTER HIGHLIGHTS Key highlights of the third quarter ended September 30, 2023, are as follows. Compariso
STRASBURG, Va., July 26, 2023 (GLOBE NEWSWIRE) -- First National Corporation (the "Company" or "First National") (NASDAQ:FXNC), the bank holding company of First Bank (the "Bank"), reported unaudited consolidated net income of $3.5 million and diluted earnings per common share of $0.56 for the three months ended June 30, 2023. This compared to net income of $3.8 million and diluted earnings per common share of $0.61 for the first quarter of 2023, and net income of $3.8 million and diluted earnings per common share of $0.61 for the second quarter of 2022. SECOND QUARTER HIGHLIGHTS Key highlights of the second quarter ended June 30, 2023, are as follows. Comparisons are to the linked quart
STRASBURG, Va. and PRINCE GEORGE, Va., March 26, 2024 (GLOBE NEWSWIRE) -- First National Corporation ("First National") (NASDAQ:FXNC) and Touchstone Bankshares, Inc. ("Touchstone") (OTCPK: TSBA) announced today they have entered into a definitive merger agreement for First National to acquire Touchstone in an all-stock transaction. The combined company will bring together two community banks with a deep commitment to the customers and communities they have each served since the early 1900s. Total assets are expected to be approximately $2.1 billion, with $1.5 billion in loans, $1.8 billion in deposits, thirty branch offices across Virginia and two branches in North Carolina. The resulting
Hovde Group initiated coverage of First National with a rating of Outperform and set a new price target of $22.00
Janney upgraded First National from Neutral to Buy and set a new price target of $21.00
Janney downgraded First National from Buy to Neutral and set a new price target of $19.00
Janney initiated coverage of First National with a rating of Buy and set a new price target of $21.50
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Although U.S. stocks closed higher on Friday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Noble The Trade: Noble Corporation plc (NYSE:NE) 10% owner APMH Invest A/S acquired a total of 300,000 shares at an average
First Ntl (NASDAQ:FXNC) reported its Q4 earnings results on Thursday, February 1, 2024 at 07:00 AM. Here's what investors need to know about the announcement. Earnings First Ntl missed estimated earnings by 129.17%, reporting an EPS of $-0.14 versus an estimate of $0.48. Revenue was down $2.26 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.0 which was followed by a 1.58% increase in the share price the next day. To track all earnings releases for First Ntl visit their earnings calendar here. This article was generated by Benzinga's automated content engine and reviewed by an editor.
Tuesday marks the last chance for investors to receive the next dividend payout from First Ntl (NASDAQ:FXNC). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 15 cents per share. On Wednesday, First Ntl will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 15 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own FXNC as of the end of Tuesday's session are eligible to receive the 15 cents dividend payo
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Janney Montgomery Scott analyst John Rodis downgrades First Ntl (NASDAQ:FXNC) from Buy to Neutral and announces $19 price target.
First National (NASDAQ:FXNC) reported quarterly earnings of $0.76 per share. This is a 117.14 percent increase over earnings of $0.35 per share from the same period last year.
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Janney Montgomery Scott analyst John Rodis initiates coverage on First National (NASDAQ:FXNC) with a Buy rating and announces Price Target of $21.5.