First National Corporation (FXNC)

First National Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	78.23	63.48	49.29	41.72	32.8	29.5
Interest Income on Investments	13.89	12.84	8.43	7.68	4.35	3.35
Total Interest Income	92.12	76.32	57.72	49.4	37.14	32.85
Interest Paid on Deposits	23.49	20.96	13.66	3.27	1.42	2.59
Interest Paid on Borrowings	2.83	2.9	0.65	0.55	0.89	0.79
Total Interest Expense	26.32	23.87	14.31	3.82	2.3	3.38
Net Interest Income	65.8	52.45	43.41	45.58	34.84	29.47
Net Interest Income Growth (YoY)	50.42%	20.82%	-4.74%	30.81%	18.23%	5.21%
Trust Income	3.62	3.62	3.12	3.01	2.71	2.21
Gain (Loss) on Sale of Assets	-0.01	-0.05	-	-0.03	0.02	0.03
Gain (Loss) on Sale of Investments	-0.12	-0.12	0.23	0.88	0.04	0.04
Other Non-Interest Income	6.83	6.84	5.65	6.08	5.34	3.88
Total Non-Interest Income	14.22	13.41	11.78	12.62	10.19	8.25
Non-Interest Income Growth (YoY)	11.07%	13.81%	-6.63%	23.89%	23.42%	-3.33%
Revenues Before Loan Losses	80.02	65.86	55.2	58.2	45.03	37.72
Provision for Loan Losses	8.19	7.85	6.15	1.85	-0.65	3
Revenue	71.82	58.01	49.05	56.35	45.68	34.72
Revenue Growth (YoY)	46.30%	18.28%	-12.95%	23.36%	31.55%	-3.81%
Salaries and Employee Benefits	29.27	24.5	20.29	19.92	17.44	13.03
Federal Deposit Insurance	1.21	0.86	0.63	0.46	0.35	0.25
Amortization of Goodwill & Intangibles	1.34	0.46	0.02	0.02	0.03	0.15
Selling, General & Administrative	13.85	11.26	9.46	9.05	9.99	6.32
Other Non-Interest Expense	10.26	7.68	7.04	6.25	4.91	4.06
Total Non-Interest Expense	55.94	44.78	37.24	35.6	32.73	23.82
EBT Excluding Unusual Items	15.89	13.24	11.81	20.75	12.95	10.91
Other Unusual Items	2.92	2.92	-	-	-	-
Pretax Income	9.15	8.05	11.81	20.75	12.95	10.91
Income Tax Expense	1.18	1.08	2.18	3.95	2.59	2.05
Net Income	7.96	6.97	9.62	16.8	10.36	8.86
Net Income to Common	7.96	6.97	9.62	16.8	10.36	8.86
Net Income Growth	0.54%	-27.62%	-42.70%	62.15%	16.95%	-7.30%
Basic Shares Outstanding	8	7	6	6	6	5
Diluted Shares Outstanding	8	7	6	6	6	5
Shares Change (YoY)	32.59%	11.02%	0.32%	12.60%	13.91%	-1.76%
EPS (Basic)	0.96	1.00	1.54	2.69	1.87	1.82
EPS (Diluted)	0.96	1.00	1.53	2.68	1.86	1.82
EPS Growth	-24.02%	-34.64%	-42.91%	44.09%	2.43%	-5.42%
Dividend Per Share	0.615	0.605	0.600	0.560	0.480	0.440
Dividend Growth	2.50%	0.83%	7.14%	16.67%	9.09%	22.22%
Effective Tax Rate	12.93%	13.44%	18.48%	19.05%	19.98%	18.79%

Updated Jul 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q