What is First Natl Corp's earnings per share (EPS)?

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 Financials

FXNC

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

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).

Rhea AI FXNC FY2025 2026-05-13

Thin asset returns are being amplified by leverage, while FY2025 delivered a cash-flow rebound without heavier balance-sheet dependence.

Equity absorbed more of the latest balance-sheet growth than liabilities did, which pushed debt-to-equity down from 11.1x to 9.9x instead of levering the company further. Operating cash flow also reversed from -$22.2M to $25.1M, so FY2025's stronger result was backed by cash generation rather than only accounting recovery, a cleaner profile than the prior year.

Because total assets are more than 100x reported revenue, the usual revenue-margin lens says little about the business model; what matters is how efficiently a very large balance sheet earns against its funding base. FY2025 generated only 0.9% return on assets, but leverage still translated that into 9.5% ROE.

Cash balances stayed near $160.9M even after $5.5M of dividends, so the latest shareholder payout did not require a noticeable liquidity draw. That steadiness matters because FY2024 had negative operating cash flow, making the 2025 cash profile look more like normalization than a need for extra external support.

Financial Health Signals

Financial Profile 32/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of First Natl Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

First Natl Corp's revenue grew a modest 0.8% year-over-year to $14.3M. This slow but positive growth earns a score of 64/100.

Leverage

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 146.5% of revenue into free cash flow ($20.9M). This strong cash generation earns a score of 100/100.

Returns

First Natl Corp generates a 9.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 28/100. 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

$14.3M

YoY+0.8%

5Y CAGR+13.8%

10Y CAGR-4.3%

First Natl Corp generated $14.3M in revenue in fiscal year 2025. This represents an increase of 0.8% 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

$0.64

YoY+5.0%

5Y CAGR+7.6%

10Y CAGR+20.3%

First Natl Corp paid $0.64 per share in dividends in fiscal year 2025. This represents an increase of 5.0% from the prior year.

Shares Outstanding

YoY+0.6%

5Y CAGR+13.2%

10Y CAGR+6.3%

First Natl Corp had 9M shares outstanding in fiscal year 2025. This represents an increase of 0.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

123.9%

YoY+74.8pp

5Y CAGR+5.7pp

10Y CAGR+111.9pp

First Natl Corp's net profit margin was 123.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 74.8 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

N/A

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	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$14.3M+0.8%	$14.2M+38.5%	$10.2M+1.7%	$10.1M+11.6%	$9.0M+20.4%	$7.5M
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$33.7M+33.9%	$25.1M+19.5%	$21.0M+1.6%	$20.7M+16.4%	$17.8M+33.6%	$13.3M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$26.3M+10.0%	$23.9M+66.8%	$14.3M+274.5%	$3.8M+65.8%	$2.3M-31.9%	$3.4M
Income Tax	$4.2M+292.0%	$1.1M-50.4%	$2.2M-44.8%	$4.0M+52.8%	$2.6M+26.2%	$2.0M
Net Income	$17.7M+154.1%	$7.0M-27.6%	$9.6M-42.7%	$16.8M+62.1%	$10.4M+16.9%	$8.9M
EPS (Diluted)	$1.96+96.0%	$1.00-34.6%	$1.53-42.9%	$2.68+44.1%	$1.86+2.2%	$1.82

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$3.3M-5.6%	$3.5M-15.3%	$4.1M+19.8%	$3.4M+4.7%	$3.3M-49.5%	$6.5M+144.2%	$2.7M+5.7%	$2.5M
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	$9.0M+6.2%	$8.5M-0.4%	$8.5M+5.7%	$8.0M-7.5%	$8.7M+15.9%	$7.5M+26.5%	$5.9M+1.5%	$5.8M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$5.7M-9.9%	$6.3M-7.7%	$6.8M+2.6%	$6.6M+0.7%	$6.6M-7.8%	$7.1M+25.1%	$5.7M+2.4%	$5.6M
Income Tax	$1.2M-15.0%	$1.4M+9.4%	$1.3M-1.1%	$1.3M+332.3%	$297K+131.5%	-$943K-273.0%	$545K-19.7%	$679K
Net Income	$4.9M-11.2%	$5.5M-0.8%	$5.5M+9.9%	$5.1M+216.1%	$1.6M+271.3%	-$933K-141.5%	$2.2M-7.9%	$2.4M
EPS (Diluted)	$0.54	N/A	$0.62+10.7%	$0.56+211.1%	$0.18	N/A	$0.36-7.7%	$0.39

FXNC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.0B+1.4%	$2.0B+41.6%	$1.4B+3.6%	$1.4B-1.4%	$1.4B+46.1%	$950.9M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$160.9M-1.2%	$162.9M+86.9%	$87.2M	N/A	N/A	N/A
Inventory	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
Goodwill	$3.0M0.0%	$3.0M0.0%	$3.0M0.0%	$3.0M0.0%	$3.0M	$0
Total Liabilities	$1.9B+0.4%	$1.8B+41.5%	$1.3B+3.3%	$1.3B-0.9%	$1.3B+46.9%	$866.0M
Current Liabilities	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
Total Equity	$186.2M+11.8%	$166.5M+43.2%	$116.3M+7.3%	$108.4M-7.4%	$117.0M+37.8%	$84.9M
Retained Earnings	$108.9M+12.4%	$96.9M+2.9%	$94.2M+4.3%	$90.3M+17.3%	$77.0M+11.1%	$69.3M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$2.1B+1.9%	$2.0B+0.4%	$2.0B-0.5%	$2.0B+0.4%	$2.0B+1.1%	$2.0B+38.6%	$1.5B-0.5%	$1.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$187.8M+16.7%	$160.9M-15.0%	$189.3M-2.6%	$194.3M-5.7%	$206.0M+26.5%	$162.9M+28.7%	$126.5M-6.7%	$135.6M
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	$1.9B+1.9%	$1.9B+0.1%	$1.8B-1.0%	$1.9B+0.2%	$1.9B+1.1%	$1.8B+39.1%	$1.3B-0.9%	$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	$188.6M+1.3%	$186.2M+2.8%	$181.2M+4.4%	$173.5M+2.9%	$168.7M+1.3%	$166.5M+33.1%	$125.1M+4.4%	$119.9M
Retained Earnings	$112.3M+3.1%	$108.9M+3.8%	$105.0M+4.1%	$100.8M+3.8%	$97.2M+0.2%	$96.9M-2.3%	$99.3M+1.3%	$98.0M

FXNC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$25.1M+213.1%	-$22.2M-235.5%	$16.4M-38.8%	$26.8M+240.3%	$7.9M-47.9%	$15.1M
Capital Expenditures	$4.2M+26.7%	$3.3M+76.8%	$1.9M+58.0%	$1.2M+41.4%	$835K-8.1%	$909K
Free Cash Flow	$20.9M+182.1%	-$25.5M-275.6%	$14.5M-43.2%	$25.6M+263.9%	$7.0M-50.4%	$14.2M
Investing Cash Flow	-$29.4M-121.5%	$136.8M+498.4%	-$34.3M+71.4%	-$120.1M+4.9%	-$126.3M-79.2%	-$70.5M
Financing Cash Flow	$2.3M+106.0%	-$38.9M-201.9%	$38.2M+343.0%	-$15.7M-109.4%	$167.1M+22.1%	$136.9M
Dividends Paid	$5.5M+36.7%	$4.0M+12.3%	$3.6M+8.7%	$3.3M+32.1%	$2.5M+24.8%	$2.0M
Share Buybacks	N/A	N/A	N/A	$0	$0	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$6.4M-24.2%	$8.4M+0.1%	$8.4M+79.5%	$4.7M+33.3%	$3.5M+109.6%	-$36.7M-697.2%	$6.1M+69.1%	$3.6M
Capital Expenditures	$488K-67.6%	$1.5M-6.1%	$1.6M+172.6%	$588K+21.7%	$483K-57.5%	$1.1M-5.6%	$1.2M+84.5%	$653K
Free Cash Flow	$5.9M-14.7%	$6.9M+1.5%	$6.8M+66.2%	$4.1M+35.1%	$3.0M+108.0%	-$37.8M-866.0%	$4.9M+65.7%	$3.0M
Investing Cash Flow	-$15.6M+58.1%	-$37.2M-678.3%	$6.4M+135.7%	-$18.0M-193.1%	$19.3M-85.0%	$128.7M+7103.9%	-$1.8M+85.3%	-$12.5M
Financing Cash Flow	$36.1M+11105.9%	$322K+101.6%	-$19.9M-1351.6%	$1.6M-92.2%	$20.3M+136.4%	-$55.7M-314.9%	-$13.4M-332.5%	$5.8M
Dividends Paid	$1.5M+0.4%	$1.5M+9.9%	$1.3M+0.1%	$1.3M-0.1%	$1.3M+0.3%	$1.3M+49.9%	$896K-0.3%	$899K
Share Buybacks	$185K	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FXNC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	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
Net Margin	123.9%+74.8pp	49.1%-44.9pp	94.0%-72.8pp	166.8%+52.0pp	114.9%-3.4pp	118.2%
Return on Equity	9.5%+5.3pp	4.2%-4.1pp	8.3%-7.2pp	15.5%+6.7pp	8.8%-1.6pp	10.4%
Return on Assets	0.9%+0.5pp	0.4%-0.3pp	0.7%-0.6pp	1.2%+0.5pp	0.8%-0.2pp	0.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	9.95-1.1	11.07-0.1	11.21-0.4	11.64+0.8	10.87+0.7	10.20
FCF Margin	146.5%+326.3pp	-179.8%-321.7pp	141.9%-112.3pp	254.2%+176.2pp	78.0%-111.3pp	189.3%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	148.8%-9.4pp	158.2%+23.1pp	135.1%-12.3pp	147.3%+98.6pp	48.8%+63.2pp	-14.4%-99.1pp	84.7%-12.6pp	97.3%
Return on Equity	2.6%-0.4pp	3.0%-0.1pp	3.1%+0.1pp	2.9%+2.0pp	0.9%+1.5pp	-0.6%-2.4pp	1.8%-0.2pp	2.0%
Return on Assets	0.2%-0.0pp	0.3%0.0pp	0.3%+0.0pp	0.3%+0.2pp	0.1%+0.1pp	-0.1%-0.2pp	0.1%-0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.01+0.1	9.95-0.3	10.21-0.6	10.76-0.3	11.05-0.0	11.07+0.5	10.60-0.6	11.16
FCF Margin	180.2%-19.3pp	199.4%+33.1pp	166.4%+46.4pp	120.0%+27.0pp	93.0%+676.7pp	-583.7%-769.8pp	186.1%+67.4pp	118.7%

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Frequently Asked Questions

What is First Natl Corp's annual revenue?

First Natl Corp (FXNC) reported $14.3M in total revenue for fiscal year 2025. This represents a 0.8% 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 grew by 0.8% year-over-year, from $14.2M to $14.3M 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 123.9%.

What is First Natl Corp's net profit margin?

First Natl Corp (FXNC) had a net profit margin of 123.9% 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 $0.64 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.

How many shares does First Natl Corp have outstanding?

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

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 to 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 32 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.