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First NationalFXNC -0.19%66 Debt-to-Equity is 0.22 as of Jun. 2026, which is at its 10-year median of 0.22. GuruFocus rates FXNC with a GF Score™ of 66/100 and a GF Value™ of $24.00 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,417 Banks companies, First National ranks better than 75.51% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for First National's Debt-to-Equity or its related term are showing as below:
FXNC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.22 Max: 0.55
Current: 0.22
During the past 13 years, the highest Debt-to-Equity Ratio of First National was 0.55. The lowest was 0.13. And the median was 0.22.
FXNC's Debt-to-Equity is ranked better than 75.51% of 1417
companies
in the Banks industry
Industry Median: 0.58
vs FXNC: 0.22
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
First National Debt-to-Equity Related Terms
First National Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for First National's Debt-to-Equity 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.
FXNC vs ATLO, HWBK, OVLY: Debt-to-Equity Comparison
For the Banks - Regional subindustry, First National's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
First National Debt-to-Equity vs Banks Industry
For the Banks industry and Financial Services sector, First National's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where First National's Debt-to-Equity falls into.
* 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 (FXNC) has a Debt-to-Equity of 0.22 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on First National and its competitors. This is near median its historical median of 0.22. Over the past decade, First National's Debt-to-Equity has ranged from 0.13 to 0.55. According to the industry distribution chart, First National ranks #347 out of 1417 companies in the Banks industry, placing it in the top 24.5%.
Is First National's Debt-to-Equity too high?
First National's current Debt-to-Equity of 0.22 is near median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.55. The Banks industry median Debt-to-Equity is 0.58. First National's value of 0.22 is 62.1% below this industry median. Based on the distribution chart, First National ranks #347 out of 1417 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, First National has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First National's Debt-to-Equity compare to ATLO and HWBK?
According to the Banks industry distribution chart, First National ranks #347 out of 1417 companies for Debt-to-Equity. This places First National in the top 25% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.58. First National's value of 0.22 is 62.1% below this benchmark. Historically, First National's own Debt-to-Equity has ranged from 0.13 to 0.55 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 0.58, First National has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Banks company?
The median Debt-to-Equity among Banks companies is 0.58, based on 1,417 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First National's current Debt-to-Equity of 0.22 is 62.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on First National and its competitors. For the Banks industry, the median Debt-to-Equity is 0.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First National's current Debt-to-Equity is 0.22, which is near median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First National stock overvalued right now?
Based on GuruFocus' analysis, First National (FXNC) is currently considered Modestly Overvalued. The stock's GF Value™ is $24.00, compared to a current price of $31.00 — trading 29.2% above its estimated fair value. The current Debt-to-Equity is 0.22, which is near median its 10-year median of 0.22 and 62.1% below the Banks industry median of 0.58. First National's overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For First National (FXNC), the current Debt-to-Equity is 0.22 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First National (FXNC) Overvalued in 2026?
Based on GuruFocus' analysis, First National stock appears to be overvalued.
The current stock price of $31.00 is trading 29.2% above its estimated GF Value™ of $24.00.
GuruFocus considers First National to be Modestly Overvalued.
Key valuation signals for FXNC:
Debt-to-Equity: 0.22 (near median its 10-year median of 0.22)
GF Value™: $24.00 vs. price of $31.00 (29.2% above fair value)
Industry Position: 62.1% below the Banks median (#347 of 1417)
No single metric tells the full story. See the FXNC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. The Company operates through two reportable operating segments: Community Banking and wealth management. The Community Banking segment involves making loans and generating deposits from individuals, businesses, and charitable organizations. Wealth Management Services offers corporate trustee services, trust and estate administration, IRA administration and custody services. The company has revenue from Community Banking segment.
66GF Score
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