First National Corporation Common Stock (FXNC)

FairStock Score: 63/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am looking for a bank I can understand, run by prudent people, at a price that offers a margin of safety. First National Corporation is a small Virginia bank holding company for First Bank, serving small and midsized businesses. It is not a wide-moat franchise; banking is commoditized and competition is local. The numbers are decent: at the 2026-10-13 close of $29.44, FairStock calculates a P/E of 12.27, P/B of 1.38, ROE of 11.81%, dividend yield of 2.31%, and beta of 0.47. The low beta suggests defense, and a 1.38 times book multiple is not demanding if earnings are real. Filed figures show fiscal FY2025, ended 2025-12-31, revenue of $14.3M, net income of $17.7M, and diluted EPS of $1.96. In fiscal Q2 2026, the quarter ended 2026-06-30, net income was $5.7M versus $5.1M in fiscal Q2 2025, the quarter ended 2025-06-30. That is constructive. But I am cautious: the filed figures are lumpy, with FY2024 net income of $7.0M and FY2023 net income of $9.6M before the FY2025 jump. A Piotroski F-Score of 5/9 is only average. I cannot see CET1, net interest margin, nonperforming assets, loan-loss reserves, or efficiency ratio, so I cannot judge credit risk or capital adequacy. Without those bank-specific measures, the 1.38 times book is fair, not a bargain. I would want more evidence that the recent profit surge is durable and that underwriting remains sound.

In plain English: First National Corporation is a small Virginia bank holding company that serves local businesses and individuals. The business looks steady and reasonably profitable, with a small dividend, and the price is neither clearly cheap nor expensive compared with its earnings and accounting value. The main unknown is credit quality, because important bank details like capital ratios and loan-loss measures are not in the data.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer