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First National (First National) Net Income : $9.62 Mil (TTM As of Dec. 2023)


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What is First National Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. First National's Net Income for the three months ended in Dec. 2023 was $-0.85 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $9.62 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. First National's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $-0.14.


First National Net Income Historical Data

The historical data trend for First National's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First National Net Income Chart

First National Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.56 8.86 10.36 16.80 9.62

First National Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.78 3.85 3.51 3.12 -0.85

First National Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

First National's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=11.805+-2.181+0+1.7763568394003E-15
=9.62

First National's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-1.172+0.321+0+0
=-0.85

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.62 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First National  (NAS:FXNC) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

First National's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


First National Net Income Related Terms

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First National (First National) Business Description

Traded in Other Exchanges
N/A
Address
112 West King Street, Strasburg, VA, USA, 22657
First National Corp is a bank holding company of First Bank, which is a commercial bank. Its core offering includes loans, deposits, wealth management, and other products and services. Loan products and services include personal loans, residential mortgages, home equity loans, and commercial loans. Deposit products and services include checking and savings. The Bank's wealth management division offers estate planning, investment management of assets, and retirement accounts.
Executives
Smith Gerald F Jr director 112 W KING ST, STRASBURG VA 22657
Holt George Edwin Iii director 112 WEST KING STREET, STRASBURG VA 22657
Wilkins Iii James R director 112 W KING ST, STRASBURG VA 22657
Kirtesh Patel director 112 WEST KING STREET, STRASBURG VA 22657
Scott C Harvard director, officer: President/CEO 112 W KING ST, STRASBURG VA 22657
Boyce E Brannock director 112 WEST KING STREET, STRASBURG VA 22657
C Ray Sprinkle director 112 WEST KING STREET, STRASBURG VA 22657
Jason C Aikens director 112 WEST KING STREET, STRASBURG VA 22657
William Michael Funk director 443 SHENWOOD AVE, WOODSTOCK VA 22664-1956
Dennis A Dysart officer: Senior EVP/CCO 112 WEST KING STREET, STRASBURG VA 22657
Beverley Jr Marshall J officer: EVP-Senior Trust Officer 112 W KING STREET, STRASBURG VA 22657
James C Youngblood officer: EVP/SENIOR LENDING OFFICER 112 WEST KING STREET, STRASBURG VA 22657-2220
Emily Marlow Beck director 311 S STEWART ST, WINCHESTER VA 22601-4016
Crow Samuel J Jr. officer: EVP / CCO 112 W KING ST, STRASBURG VA 22657
Davis Dr James A director 112 WEST KING STREET, STRASBURG VA 22657