First National (FXNC) financial statements
First National reported revenue of $14M in fiscal 2025, down 8.5% a year over 9 years.
Net income was $18M.
Free cash flow was $21M, and the company returned $6M in dividends.
The diluted share count rose 83% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from First National's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $32M | $7M | $8M | $8M | $7M | $9M | $10M | $10M | $14M | $14M |
| Interest expense | $2M | $2M | $4M | $5M | $3M | $2M | $4M | $14M | — | — |
| Pre-tax income | $8M | $10M | $12M | $12M | $11M | $13M | $21M | $12M | $8M | $22M |
| Income tax | $2M | $4M | $2M | $2M | $2M | $3M | $4M | $2M | $1M | $4M |
| Net income | $6M | $6M | $10M | $10M | $9M | $10M | $17M | $10M | $7M | $18M |
| EPS (diluted) | $1.20 | $1.30 | $2.04 | $1.92 | $1.82 | $1.86 | $2.68 | $1.53 | $1.00 | $1.96 |
| Diluted shares | 5M | 5M | 5M | 5M | 5M | 6M | 6M | 6M | 7M | 9M |
| Net margin | 18.6% | 89.7% | 131.3% | 122.4% | 118.2% | 114.9% | 166.8% | 94.0% | 49.1% | 123.9% |
Balance sheet
Fiscal years, from First National's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $41M | $40M | $29M | $46M | — | — | — | $87M | $163M | $161M |
| Property, plant and equipment | $21M | $20M | $20M | $20M | $19M | $22M | $22M | $22M | $35M | $35M |
| Goodwill | — | — | — | — | $0 | $3M | $3M | $3M | $3M | $3M |
| Total assets | $716M | $739M | $753M | $800M | $951M | $1.4B | $1.4B | $1.4B | $2.0B | $2.0B |
| Total liabilities | $664M | $681M | $686M | $723M | $866M | $1.3B | $1.3B | $1.3B | $1.8B | $1.9B |
| Shareholders' equity | $52M | $58M | $67M | $77M | $85M | $117M | $108M | $116M | $167M | $186M |
| Net debt | -$41M | -$40M | -$29M | -$46M | — | — | — | -$87M | -$163M | -$161M |
Cash flow
Fiscal years, from First National's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $9M | $7M | $14M | $12M | $15M | $8M | $27M | $16M | -$22M | $25M |
| Capital spending | $1M | $1M | $2M | $1M | $909,000 | $835,000 | $1M | $2M | $3M | $4M |
| Free cash flow | $8M | $5M | $12M | $11M | $14M | $7M | $26M | $15M | -$26M | $21M |
| Stock-based compensation | $113,000 | $141,000 | $189,000 | $183,000 | $290,000 | $354,000 | $785,000 | $753,000 | $635,000 | $1M |
| Dividends paid | $550,000 | $646,000 | $929,000 | $2M | $2M | $3M | $3M | $4M | $4M | $6M |
| Share buybacks (net) | — | $0 | -$25,000 | — | — | $0 | $0 | — | — | — |
| Free cash flow margin | 25.1% | 76.5% | 158.3% | 138.6% | 189.3% | 78.0% | 254.2% | 141.9% | -179.8% | 146.5% |
| Dividends per share | $0.11 | $0.13 | $0.19 | $0.34 | $0.41 | $0.45 | $0.53 | $0.57 | $0.58 | $0.61 |
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Open FXNC in InvestinglyQuestions
What was First National's revenue in 2025?
$14M in fiscal 2025, from its 10-K filing.
How much free cash flow does First National generate?
$21M in fiscal 2025 (operating cash flow minus capital spending).
From First National's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.