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First Natl Corp Financials

FXNC
Source SEC Filings (10-K/10-Q) Updated Mar 25, 2026 Currency USD FYE March

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

Profitability Growth Leverage Liquidity Cash Flow Returns 33 / 100
Financial Profile 33/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth
0

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.

Leverage
0

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.

Cash Flow
100

First Natl Corp converts 26161.3% of revenue into free cash flow ($20.9M). This strong cash generation earns a score of 100/100.

Returns
32

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.

Piotroski F-Score Neutral
4/9

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.

Earnings Quality Cash-Backed
1.42x

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

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Earnings & Revenue

Revenue
$80K
YoY-99.4%
5Y CAGR-59.7%
10Y CAGR-43.0%

First Natl Corp generated $80K in revenue in fiscal year 2025. This represents a decrease of 99.4% from the prior year.

EBITDA
N/A
Net Income
$17.7M
YoY+154.1%
5Y CAGR+14.9%
10Y CAGR+20.9%

First Natl Corp reported $17.7M in net income in fiscal year 2025. This represents an increase of 154.1% from the prior year.

EPS (Diluted)
$1.96
YoY+96.0%
5Y CAGR+1.5%
10Y CAGR+20.3%

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

Free Cash Flow
$20.9M
YoY+182.1%
5Y CAGR+8.1%
10Y CAGR+23.2%

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.

Cash & Debt
$160.9M
YoY-1.2%
10Y CAGR+15.1%

First Natl Corp held $160.9M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.60
YoY+0.0%
5Y CAGR+6.6%
10Y CAGR+19.7%

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.

Shares Outstanding
9M
YoY+0.7%
5Y CAGR+13.2%
10Y CAGR+6.3%

First Natl Corp had 9M shares outstanding in fiscal year 2025. This represents an increase of 0.7% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
22128.8%
YoY+22079.6pp
5Y CAGR+22010.5pp
10Y CAGR+22116.8pp

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.

Return on Equity
9.5%
YoY+5.3pp
5Y CAGR-0.9pp
10Y CAGR+3.7pp

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

R&D Spending
N/A
Share Buybacks
$154K
10Y CAGR+65.5%

First Natl Corp spent $154K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$4.2M
YoY+26.7%
5Y CAGR+35.7%
10Y CAGR+7.7%

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

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.

First Natl Corp (FXNC) revenue declined by 99.4% year-over-year, from $14.2M to $80K in fiscal year 2025.

Yes, First Natl Corp (FXNC) reported a net income of $17.7M in fiscal year 2025, with a net profit margin of 22128.8%.

First Natl Corp (FXNC) reported diluted earnings per share of $1.96 for fiscal year 2025. This represents a 96.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

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.

Yes, First Natl Corp (FXNC) paid $0.60 per share in dividends during fiscal year 2025.

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.

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.

First Natl Corp (FXNC) generated $25.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

First Natl Corp (FXNC) had $2.0B in total assets as of fiscal year 2025, including both current and long-term assets.

First Natl Corp (FXNC) invested $4.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, First Natl Corp (FXNC) spent $154K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

First Natl Corp (FXNC) had 9M shares outstanding as of fiscal year 2025.

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.

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.

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.

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.

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.

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