First National Corporation (FXNC)

First National Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	63.48	49.29	41.72	32.8	29.5
Interest Income on Investments	12.84	8.43	7.68	4.35	3.35
Total Interest Income	76.32	57.72	49.4	37.14	32.85
Interest Paid on Deposits	20.96	13.66	3.27	1.42	2.59
Interest Paid on Borrowings	2.9	0.65	0.55	0.89	0.79
Total Interest Expense	23.87	14.31	3.82	2.3	3.38
Net Interest Income	52.45	43.41	45.58	34.84	29.47
Net Interest Income Growth (YoY)	20.82%	-4.74%	30.81%	18.23%	5.21%
Trust Income	3.62	3.12	3.01	2.71	2.21
Gain (Loss) on Sale of Assets	-0.05	0.05	-0.03	0.02	0.03
Gain (Loss) on Sale of Investments	-0.12	0.19	0.88	0.04	0.04
Other Non-Interest Income	6.84	5.65	6.08	5.34	3.88
Total Non-Interest Income	13.41	11.78	12.62	10.19	8.25
Non-Interest Income Growth (YoY)	13.82%	-6.63%	23.89%	23.42%	-3.33%
Revenues Before Loan Losses	65.87	55.2	58.2	45.03	37.72
Provision for Loan Losses	7.85	6.15	1.85	-0.65	3
Revenue	58.02	49.05	56.35	45.68	34.72
Revenue Growth (YoY)	18.28%	-12.95%	23.36%	31.55%	-3.81%
Salaries and Employee Benefits	28.08	20.29	19.92	17.44	13.03
Federal Deposit Insurance	0.86	0.63	0.46	0.35	0.25
Amortization of Goodwill & Intangibles	0.46	0.02	0.02	0.03	0.15
Selling, General & Administrative	15.68	9.46	9.05	9.99	6.32
Other Non-Interest Expense	7.79	7.04	6.25	4.91	4.06
Total Non-Interest Expense	52.89	37.24	35.6	32.73	23.82
EBT Excluding Unusual Items	5.13	11.81	20.75	12.95	10.91
Other Unusual Items	2.92	-	-	-	-
Pretax Income	8.05	11.81	20.75	12.95	10.91
Income Tax Expense	1.08	2.18	3.95	2.59	2.05
Net Income	6.97	9.62	16.8	10.36	8.86
Net Income to Common	6.97	9.62	16.8	10.36	8.86
Net Income Growth	-27.62%	-42.70%	62.15%	16.95%	-7.30%
Basic Shares Outstanding	7	6	6	6	5
Diluted Shares Outstanding	7	6	6	6	5
Shares Change (YoY)	11.02%	0.32%	12.60%	13.91%	-1.76%
EPS (Basic)	1.00	1.54	2.69	1.87	1.82
EPS (Diluted)	1.00	1.53	2.68	1.86	1.82
EPS Growth	-34.64%	-42.91%	44.09%	2.43%	-5.42%
Dividend Per Share	0.605	0.600	0.560	0.480	0.440
Dividend Growth	0.83%	7.14%	16.67%	9.09%	22.22%
Effective Tax Rate	13.44%	18.48%	19.05%	19.98%	18.79%

Source: S&P Capital IQ. Banks template. Financial Sources.