# First National Corp. (Strasburg, VA) (FXNC)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Market cap:** $266M  
**Price:** $29.53 (+0.17%)

> First National Corp. is a bank holding company based in Strasburg, Virginia. It owns all of the stock of its primary operating subsidiary, First Bank, which delivers personal banking, business banking, and wealth management solutions. First Bank serves customers primarily in the Virginia areas of Strasburg, Winchester, and Staunton, offering a range of community-focused financial services including deposit accounts, loans, and investment management. The company emphasizes efficient operations and growth in markets where community engagement is highly valued, providing reliable banking products tailored to individuals, businesses, and local needs. Through First Bank, First National Corp. supports everyday financial requirements with personalized service and local expertise. Founded in Strasburg, Virginia, it operates as a key player in Virginia's community banking sector, fostering strong relationships and consistent service delivery.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $14M | — | — | $18M | $1.96 |
| 2024 | $14M | — | — | $7M | $1.00 |
| 2023 | $10M | — | — | $10M | $1.53 |
| 2022 | $10M | — | — | $17M | $2.68 |
| 2021 | $9M | — | — | $10M | $1.86 |
| 2020 | $7M | — | — | $9M | $1.82 |
| 2019 | $8M | — | — | $10M | $1.92 |
| 2018 | $8M | — | — | $10M | $2.04 |
| 2017 | $7M | — | — | $6M | $1.30 |
| 2016 | $25M | — | — | $6M | $1.20 |
| 2015 | $22M | — | — | $3M | $0.31 |
| 2014 | $20M | — | — | $8M | $1.32 |
| 2013 | $21M | — | — | $10M | — |
| 2012 | $23M | — | — | $3M | — |
| 2011 | $26M | — | — | -$11M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $2.04B | $1.85B | $186M | $161M | — |
| 2024 | $2.01B | $1.84B | $167M | $163M | — |
| 2023 | $1.42B | $1.30B | $116M | $87M | — |
| 2022 | $1.37B | $1.26B | $108M | — | — |
| 2021 | $1.39B | $1.27B | $117M | — | — |
| 2020 | $951M | $866M | $85M | — | — |
| 2019 | $800M | $723M | $77M | — | — |
| 2018 | $753M | $686M | $67M | $29M | — |
| 2017 | $739M | $681M | $58M | $40M | — |
| 2016 | $716M | $664M | $52M | $41M | — |
| 2015 | $692M | $646M | $46M | $39M | — |
| 2014 | $518M | $459M | $60M | $25M | — |
| 2013 | $523M | $469M | $54M | $32M | $6M |
| 2012 | $533M | $488M | $45M | $31M | $6M |
| 2011 | $539M | $502M | $37M | $30M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $25M | — | — |
| 2024 | -$22M | — | — |
| 2023 | $16M | — | — |
| 2022 | $27M | — | — |
| 2021 | $8M | — | — |
| 2020 | $15M | — | — |
| 2019 | $12M | — | — |
| 2018 | $14M | — | — |
| 2017 | $7M | — | — |
| 2016 | $9M | — | — |
| 2013 | $9M | — | — |
| 2012 | $12M | — | — |
| 2011 | $10M | — | — |
| 2010 | $7M | — | — |
| 2009 | $4M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/FXNC)