This page shows First Natl Corp (FXNC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
First Natl Corp's revenue declined 99.4% year-over-year, from $14.2M to $80K. This contraction results in a growth score of 0/100.
First Natl Corp has elevated debt relative to equity (D/E of 9.95), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
First Natl Corp converts 26161.3% of revenue into free cash flow ($20.9M). This strong cash generation earns a score of 100/100.
First Natl Corp's ROE of 9.5% shows moderate profitability relative to equity, earning a score of 32/100. This is up from 4.2% the prior year.
First Natl Corp passes 4 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, First Natl Corp generates $1.42 in operating cash flow ($25.1M OCF vs $17.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
First Natl Corp generated $80K in revenue in fiscal year 2025. This represents a decrease of 99.4% from the prior year.
First Natl Corp reported $17.7M in net income in fiscal year 2025. This represents an increase of 154.1% from the prior year.
First Natl Corp earned $1.96 per diluted share (EPS) in fiscal year 2025. This represents an increase of 96.0% from the prior year.
Cash & Balance Sheet
First Natl Corp generated $20.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 182.1% from the prior year.
First Natl Corp held $160.9M in cash against $0 in long-term debt as of fiscal year 2025.
First Natl Corp paid $0.60 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
First Natl Corp had 9M shares outstanding in fiscal year 2025. This represents an increase of 0.7% from the prior year.
Margins & Returns
First Natl Corp's net profit margin was 22128.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 22079.6 percentage points from the prior year.
First Natl Corp's ROE was 9.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.3 percentage points from the prior year.
Capital Allocation
First Natl Corp spent $154K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
First Natl Corp invested $4.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 26.7% from the prior year.
FXNC Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.1M+19.8% | $3.4M+4.7% | $3.3M-49.5% | $6.5M+144.2% | $2.7M+5.7% | $2.5M-1.2% | $2.5M+4.5% | $2.4M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $6.8M+2.6% | $6.6M+0.7% | $6.6M-7.8% | $7.1M+25.1% | $5.7M+2.4% | $5.6M+1.4% | $5.5M+22.8% | $4.5M |
| Income Tax | $1.3M-1.1% | $1.3M+332.3% | $297K+131.5% | -$943K-273.0% | $545K-19.7% | $679K-15.2% | $801K+349.5% | -$321K |
| Net Income | $5.5M+9.9% | $5.1M+216.1% | $1.6M+271.3% | -$933K-141.5% | $2.2M-7.9% | $2.4M-23.9% | $3.2M+477.1% | -$851K |
| EPS (Diluted) | $0.62+10.7% | $0.56+211.1% | $0.18 | N/A | $0.36-7.7% | $0.39-23.5% | $0.51 | N/A |
FXNC Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.0B-0.5% | $2.0B+0.4% | $2.0B+1.1% | $2.0B+38.6% | $1.5B-0.5% | $1.5B+0.7% | $1.4B+2.0% | $1.4B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $189.3M-2.6% | $194.3M-5.7% | $206.0M+26.5% | $162.9M+28.7% | $126.5M-6.7% | $135.6M | N/A | $87.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $3.0M0.0% | $3.0M0.0% | $3.0M0.0% | $3.0M0.0% | $3.0M0.0% | $3.0M0.0% | $3.0M0.0% | $3.0M |
| Total Liabilities | $1.8B-1.0% | $1.9B+0.2% | $1.9B+1.1% | $1.8B+39.1% | $1.3B-0.9% | $1.3B+0.6% | $1.3B+2.0% | $1.3B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $181.2M+4.4% | $173.5M+2.9% | $168.7M+1.3% | $166.5M+33.1% | $125.1M+4.4% | $119.9M+1.8% | $117.8M+1.3% | $116.3M |
| Retained Earnings | $105.0M+4.1% | $100.8M+3.8% | $97.2M+0.2% | $96.9M-2.3% | $99.3M+1.3% | $98.0M+1.6% | $96.5M+2.4% | $94.2M |
FXNC Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.4M+79.5% | $4.7M+33.3% | $3.5M+109.6% | -$36.7M-697.2% | $6.1M+69.1% | $3.6M-22.8% | $4.7M-7.4% | $5.1M |
| Capital Expenditures | $1.6M+172.6% | $588K+21.7% | $483K-57.5% | $1.1M-5.6% | $1.2M+84.5% | $653K+114.1% | $305K-74.2% | $1.2M |
| Free Cash Flow | $6.8M+66.2% | $4.1M+35.1% | $3.0M+108.0% | -$37.8M-866.0% | $4.9M+65.7% | $3.0M-32.2% | $4.4M+12.9% | $3.9M |
| Investing Cash Flow | $6.4M+135.7% | -$18.0M-193.1% | $19.3M-85.0% | $128.7M+7103.9% | -$1.8M+85.3% | -$12.5M-155.7% | $22.4M+242.8% | -$15.7M |
| Financing Cash Flow | -$19.9M-1351.6% | $1.6M-92.2% | $20.3M+136.4% | -$55.7M-314.9% | -$13.4M-332.5% | $5.8M-76.4% | $24.4M-48.7% | $47.7M |
| Dividends Paid | $1.3M+0.1% | $1.3M-0.1% | $1.3M+0.3% | $1.3M+49.9% | $896K-0.3% | $899K-0.1% | $900K+0.3% | $897K |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FXNC Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 135.1%-12.3pp | 147.3%+98.6pp | 48.8%+63.2pp | -14.4%-99.1pp | 84.7%-12.6pp | 97.3%-29.1pp | 126.3%+161.4pp | -35.0% |
| Return on Equity | 3.1%+0.1pp | 2.9%+2.0pp | 0.9%+1.5pp | -0.6%-2.4pp | 1.8%-0.2pp | 2.0%-0.7pp | 2.7%+3.4pp | -0.7% |
| Return on Assets | 0.3%+0.0pp | 0.3%+0.2pp | 0.1%+0.1pp | -0.1%-0.2pp | 0.1%-0.0pp | 0.2%-0.1pp | 0.2%+0.3pp | -0.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 10.21-0.6 | 10.76-0.3 | 11.05-0.0 | 11.07+0.5 | 10.60-0.6 | 11.16-0.1 | 11.28+0.1 | 11.21 |
| FCF Margin | 166.4%+46.4pp | 120.0%+27.0pp | 93.0%+676.7pp | -583.7%-769.8pp | 186.1%+67.4pp | 118.7%-54.4pp | 173.2%+12.8pp | 160.3% |
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Frequently Asked Questions
What is First Natl Corp's annual revenue?
First Natl Corp (FXNC) reported $80K in total revenue for fiscal year 2025. This represents a -99.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is First Natl Corp's revenue growing?
First Natl Corp (FXNC) revenue declined by 99.4% year-over-year, from $14.2M to $80K in fiscal year 2025.
Is First Natl Corp profitable?
Yes, First Natl Corp (FXNC) reported a net income of $17.7M in fiscal year 2025, with a net profit margin of 22128.8%.
What is First Natl Corp's net profit margin?
First Natl Corp (FXNC) had a net profit margin of 22128.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does First Natl Corp pay dividends?
Yes, First Natl Corp (FXNC) paid $0.60 per share in dividends during fiscal year 2025.
What is First Natl Corp's return on equity (ROE)?
First Natl Corp (FXNC) has a return on equity of 9.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is First Natl Corp's free cash flow?
First Natl Corp (FXNC) generated $20.9M in free cash flow during fiscal year 2025. This represents a 182.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is First Natl Corp's operating cash flow?
First Natl Corp (FXNC) generated $25.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are First Natl Corp's total assets?
First Natl Corp (FXNC) had $2.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are First Natl Corp's capital expenditures?
First Natl Corp (FXNC) invested $4.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is First Natl Corp's debt-to-equity ratio?
First Natl Corp (FXNC) had a debt-to-equity ratio of 9.95 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is First Natl Corp's return on assets (ROA)?
First Natl Corp (FXNC) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is First Natl Corp's Piotroski F-Score?
First Natl Corp (FXNC) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are First Natl Corp's earnings high quality?
First Natl Corp (FXNC) has an earnings quality ratio of 1.42x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is First Natl Corp?
First Natl Corp (FXNC) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.