First National Corporation Reports 17% Increase in Fourth Quarter 2019 Net Income
First National Corporation (FXNC)
NASDAQ:AMEX Investor Relations:
ir.fbvirginia.com
Company Research
Source: GlobeNewswire
STRASBURG, Va., Jan. 28, 2020 (GLOBE NEWSWIRE) -- First National Corporation (the “Company” or “First National”) (NASDAQ:FXNC) reported net income of $2.7 million, or $0.55 per diluted share, for the fourth quarter of 2019, which resulted in a return on average assets of 1.36% and a return on average equity of 14.10%. This was a $395 thousand, or 17%, increase compared to net income for the fourth quarter of 2018, which totaled $2.3 million or $0.47 per diluted share, and a return on average assets of 1.22% and a return on average equity of 14.15%. For the year ended December 31, 2019, net income totaled $9.6 million, or $1.92 per diluted share, which resulted in return on assets of 1.23% and return on equity of 13.19%. This compares to net income of $10.1 million, or $2.04 per diluted share, for the year ended December 31, 2018. Highlights for the fourth quarter of 2019: Return on average equity of 14.10%Return on average assets of 1.36%Wealth management revenue increased $53 th
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News
- This 6.3% Dividend Stock Pays Cash Every Month [Yahoo! Finance Canada]Yahoo! Finance Canada
- Touchstone Bankshares, Inc. Declares Pro Rata Annual Cash Dividend in Anticipation of the Proposed Merger with First National CorporationPR Newswire
- FIRST NATIONAL FINANCIAL CORPORATION ANNOUNCES SEPTEMBER DIVIDEND INFORMATION [Yahoo! Finance]Yahoo! Finance
- Canada Revenue Agency: 3 Essential Tax Breaks Canadians Shouldn't Overlook [Yahoo! Finance Canada]Yahoo! Finance Canada
- First National Corporation and Touchstone Bankshares, Inc. Announce Receipt of Shareholders Approvals for MergerGlobeNewswire
FXNC
Earnings
- 7/31/24 - Beat
FXNC
Sec Filings
- 9/16/24 - Form 8-K
- 9/3/24 - Form 425
- 9/3/24 - Form 8-K
- FXNC's page on the SEC website