First National (FXNC) Projected to Post Quarterly Earnings on Wednesday

First National (NASDAQ:FXNC) is projected to post its Q2 2026 results before the market opens on Wednesday, July 29th. Analysts expect First National to announce earnings of $0.59 per share and revenue of $23.4510 million for the quarter. Individuals can find conference call details on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Wednesday, August 5, 2026 at 4:00 PM ET.

First National (NASDAQ:FXNC) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. The business had revenue of $22.50 million during the quarter, compared to analysts’ expectations of $23.30 million. First National had a return on equity of 11.48% and a net margin of 17.94%. On average, analysts expect First National to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First National Stock Down 0.3%

Shares of FXNC opened at $29.67 on Tuesday. The stock has a market capitalization of $268.22 million, a price-to-earnings ratio of 12.73 and a beta of 0.43. First National has a 1 year low of $20.78 and a 1 year high of $31.21. The business’s 50 day simple moving average is $29.12 and its 200-day simple moving average is $27.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88.

First National Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, May 29th. First National’s payout ratio is currently 29.18%.

Analysts Set New Price Targets

A number of research firms recently issued reports on FXNC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First National in a research note on Monday, July 13th. Raymond James Financial initiated coverage on shares of First National in a research report on Thursday, June 25th. They set a “market perform” rating on the stock. Finally, Wall Street Zen upgraded First National from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, First National currently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On First National

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fourthstone LLC boosted its position in First National by 1.7% in the 4th quarter. Fourthstone LLC now owns 888,672 shares of the company’s stock valued at $22,430,000 after buying an additional 15,026 shares during the period. Geode Capital Management LLC raised its stake in shares of First National by 109.7% during the second quarter. Geode Capital Management LLC now owns 180,312 shares of the company’s stock valued at $3,512,000 after acquiring an additional 94,314 shares in the last quarter. State Street Corp boosted its holdings in shares of First National by 10.6% in the fourth quarter. State Street Corp now owns 82,082 shares of the company’s stock valued at $2,072,000 after purchasing an additional 7,879 shares during the period. Bridgeway Capital Management LLC grew its stake in First National by 3.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 50,414 shares of the company’s stock worth $1,272,000 after purchasing an additional 1,837 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in First National by 157.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 40,744 shares of the company’s stock worth $915,000 after purchasing an additional 24,931 shares during the period. Institutional investors own 33.92% of the company’s stock.

First National Company Profile

First National Corporation operates as the bank holding company for First Bank that provides various commercial banking services to small and medium-sized businesses, individuals, estates, local governmental entities, and non-profit organizations in Virginia. The company's deposit products include checking, savings, money market, and individual retirement accounts, as well as certificates of deposit and treasury management solutions. Its loan products comprise construction loans, including residential, land acquisition, and development loans; 1-4 family residential real estate loans; and commercial real estate loans that are secured by commercial real estate, including multi-family residential buildings, office and retail buildings, hotels, industrial buildings, and religious facilities.