First National Corporation (OQ:FXNC)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 112 W King St
STRASBURG VA 22657-2220
Tel: N/A
Website: N/A
IR: N/A
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Key People
Scott C. Harvard
President, Chief Executive Officer, Director of the Company and Bank
Michael Shane Bell
Chief Financial Officer, Executive Vice President of the Company and the Bank
Dennis A. Dysart
President and Chief Operating Officer of the Bank
Business Overview
First National Corporation is a bank holding company of First Bank (the Bank). The Bank is a commercial bank, which provides loan, deposit, wealth management and other products and services in the Shenandoah Valley and central regions of Virginia. Loan products and services include personal loans, residential mortgages, home equity loans and commercial loans. Deposit products and services include checking, savings, negotiable order of withdrawal (NOW) accounts, money market accounts, individual retirement accounts, certificates of deposit and cash management accounts. The Bank offers other services, including Internet banking, mobile banking, remote deposit capture and other traditional banking services.
Financial Overview
For the three months ended 31 March 2020, First National Corporation interest income increased 2% to $8.2M. Net interest income after loan loss provision decreased 11% to $6.1M. Net income decreased 25% to $1.7M. Net interest income after loan loss provision reflects Interest and dividends on securities decrease of 9% to $670K, Interest and dividends on securiti decrease of 3% to $151K.
Employees: 154 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $51.47M as of Mar 31, 2020
Annual revenue (TTM): $33.04M as of Mar 31, 2020
EBITDA (TTM): $13.44M as of Mar 31, 2020
Net annual income (TTM): $9.00M as of Mar 31, 2020
Free cash flow (TTM): $9.64M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 4,849,692 as of May 11, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization