First Historical Income Statement

FXNC Stock

USD 25.02 0.20 0.81%

Historical analysis of First National income statement accounts such as Total Revenue of 25.5 M or Gross Profit of 25.5 M can show how well First National Corp performed in making a profits. Evaluating First National income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of First National's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining First National Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether First National Corp is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First National Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About First Income Statement Analysis

First National Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to First National shareholders. The income statement also shows First investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

First National Income Statement Chart

At present, First National's Other Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 13.2 M, whereas Depreciation And Amortization is forecasted to decline to about 1 M.

Gross Profit Other Operating Expenses Selling General Administrative

Gross Profit

Gross profit is a required income statement account that reflects total revenue of First National Corp minus its cost of goods sold. It is profit before First National operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of First National Corp. It is also known as First National overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from First National's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into First National Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First National Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Interest Expense	2.3M	3.8M	14.3M	15.0M
Depreciation And Amortization	1.4M	1.5M	1.6M	1.0M

Interest Expense Depreciation And Amortization

First National income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Cost Of Revenue	Net Income From Continuing Ops	Non Recurring	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.3	0.57	0.57	0.29	0.14	0.09	0.17	0.24	0.22	-0.41	0.18	0.13	0.57	0.37	-0.17	0.44	-0.29	0.17	0.59	0.57	-0.54	0.4
Interest Expense	0.3		0.1	0.1	0.5	0.03	0.03	0.06	0.84	-0.03	0.27	-0.05	0.04	0.15	0.34	-0.09	0.23	-0.48	0.15	0.52	0.62	-0.16	0.9
Total Revenue	0.57	0.1		1.0	0.29	0.62	0.59	0.63	0.01	0.72	0.04	0.61	0.39	0.96	0.87	-0.61	0.39	-0.44	0.66	0.79	0.76	-0.64	0.26
Gross Profit	0.57	0.1	1.0		0.3	0.62	0.59	0.63	0.01	0.72	0.04	0.61	0.4	0.96	0.87	-0.61	0.39	-0.44	0.66	0.79	0.76	-0.64	0.26
Other Operating Expenses	0.29	0.5	0.29	0.3		-0.03	0.01	0.04	0.06	0.02	0.23	-0.14	0.45	0.23	0.3	-0.07	0.06	-0.65	0.27	0.33	0.38	-0.23	0.42
Operating Income	0.14	0.03	0.62	0.62	-0.03		0.99	0.99	0.27	0.95	0.03	0.88	0.29	0.52	0.56	-0.63	0.45	-0.52	0.78	0.67	0.59	-0.6	0.09
Ebit	0.09	0.03	0.59	0.59	0.01	0.99		1.0	0.25	0.94	0.06	0.88	0.28	0.5	0.54	-0.65	0.39	-0.54	0.76	0.63	0.56	-0.55	0.1
Ebitda	0.17	0.06	0.63	0.63	0.04	0.99	1.0		0.27	0.95	0.02	0.89	0.29	0.54	0.57	-0.66	0.42	-0.55	0.77	0.68	0.6	-0.59	0.13
Total Operating Expenses	0.24	0.84	0.01	0.01	0.06	0.27	0.25	0.27		0.15	0.08	0.16	-0.02	0.09	0.29	-0.11	0.28	-0.35	0.21	0.53	0.59	-0.17	0.81
Income Before Tax	0.22	-0.03	0.72	0.72	0.02	0.95	0.94	0.95	0.15		0.13	0.94	0.26	0.63	0.62	-0.73	0.4	-0.5	0.71	0.7	0.64	-0.6	0.1
Total Other Income Expense Net	-0.41	0.27	0.04	0.04	0.23	0.03	0.06	0.02	0.08	0.13		0.15	-0.06	0.01	0.23	-0.32	-0.14	-0.17	0.0	0.03	0.12	0.16	0.22
Net Income	0.18	-0.05	0.61	0.61	-0.14	0.88	0.88	0.89	0.16	0.94	0.15		-0.07	0.53	0.49	-0.75	0.37	-0.42	0.57	0.6	0.56	-0.53	0.1
Income Tax Expense	0.13	0.04	0.39	0.4	0.45	0.29	0.28	0.29	-0.02	0.26	-0.06	-0.07		0.34	0.43	0.0	0.1	-0.29	0.48	0.33	0.3	-0.28	0.02
Selling General Administrative	0.57	0.15	0.96	0.96	0.23	0.52	0.5	0.54	0.09	0.63	0.01	0.53	0.34		0.91	-0.62	0.23	-0.31	0.57	0.76	0.75	-0.56	0.37
Selling And Marketing Expenses	0.37	0.34	0.87	0.87	0.3	0.56	0.54	0.57	0.29	0.62	0.23	0.49	0.43	0.91		-0.52	0.26	-0.43	0.64	0.8	0.82	-0.52	0.51
Cost Of Revenue	-0.17	-0.09	-0.61	-0.61	-0.07	-0.63	-0.65	-0.66	-0.11	-0.73	-0.32	-0.75	0.0	-0.62	-0.52		0.0	0.26	-0.45	-0.51	-0.5	0.42	-0.24
Net Income From Continuing Ops	0.44	0.23	0.39	0.39	0.06	0.45	0.39	0.42	0.28	0.4	-0.14	0.37	0.1	0.23	0.26	0.0		-0.51	0.38	0.61	0.52	-0.64	0.07
Non Recurring	-0.29	-0.48	-0.44	-0.44	-0.65	-0.52	-0.54	-0.55	-0.35	-0.5	-0.17	-0.42	-0.29	-0.31	-0.43	0.26	-0.51		-0.65	-0.62	-0.63	0.4	-0.42
Tax Provision	0.17	0.15	0.66	0.66	0.27	0.78	0.76	0.77	0.21	0.71	0.0	0.57	0.48	0.57	0.64	-0.45	0.38	-0.65		0.71	0.63	-0.62	0.15
Net Interest Income	0.59	0.52	0.79	0.79	0.33	0.67	0.63	0.68	0.53	0.7	0.03	0.6	0.33	0.76	0.8	-0.51	0.61	-0.62	0.71		0.98	-0.78	0.57
Interest Income	0.57	0.62	0.76	0.76	0.38	0.59	0.56	0.6	0.59	0.64	0.12	0.56	0.3	0.75	0.82	-0.5	0.52	-0.63	0.63	0.98		-0.65	0.71
Reconciled Depreciation	-0.54	-0.16	-0.64	-0.64	-0.23	-0.6	-0.55	-0.59	-0.17	-0.6	0.16	-0.53	-0.28	-0.56	-0.52	0.42	-0.64	0.4	-0.62	-0.78	-0.65		-0.1
Extraordinary Items	0.4	0.9	0.26	0.26	0.42	0.09	0.1	0.13	0.81	0.1	0.22	0.1	0.02	0.37	0.51	-0.24	0.07	-0.42	0.15	0.57	0.71	-0.1

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First National Account Relationship Matchups

First National income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	302K	1.5M	1.4M	1.5M	1.6M	1.0M
Interest Expense	4.9M	3.4M	2.3M	3.8M	14.3M	15.0M
Total Revenue	36.6M	37.7M	45.0M	56.9M	49.0M	25.5M
Gross Profit	36.6M	37.7M	45.0M	56.9M	49.0M	25.5M
Other Operating Expenses	24.8M	26.8M	32.1M	4.0M	29.8M	31.2M
Operating Income	11.8M	10.9M	12.9M	23.1M	11.8M	13.2M
Ebit	11.8M	10.9M	12.9M	20.7M	11.8M	13.2M
Ebitda	12.1M	12.4M	14.4M	22.3M	13.4M	14.2M
Total Operating Expenses	(24.8M)	(26.8M)	(32.1M)	4.0M	29.8M	31.2M
Income Before Tax	11.8M	10.9M	12.9M	20.7M	11.8M	6.7M
Total Other Income Expense Net	11.8M	(4.5M)	(5.3M)	(6.6M)	47K	49.4K
Net Income	9.6M	8.9M	10.4M	16.8M	9.6M	5.0M
Income Tax Expense	2.2M	2.0M	2.6M	4.0M	2.2M	1.7M
Selling General Administrative	13.6M	13.6M	18.1M	21.2M	21.7M	11.3M
Selling And Marketing Expenses	651K	355K	666K	813K	910K	522.9K
Net Income Applicable To Common Shares	9.6M	8.9M	10.4M	16.8M	19.3M	20.3M
Net Income From Continuing Ops	9.6M	8.9M	10.4M	16.8M	9.6M	9.8M
Tax Provision	2.2M	2.0M	2.6M	4.0M	2.2M	2.7M
Net Interest Income	27.9M	29.4M	34.8M	45.5M	43.3M	33.9M
Interest Income	32.8M	32.8M	37.1M	49.3M	57.6M	38.6M
Reconciled Depreciation	1.6M	1.5M	28K	19K	1.6M	980.5K

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When determining whether First National Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First National's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First National Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First National Corp Stock:

How To Invest In First

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Is First Stock a good investment?

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What is First National's Net Worth?

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Largest Banks - Regional Companies

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Largest Financial Services Companies

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You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First National. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.28)

Dividend Share

0.6

Earnings Share

1.12

Revenue Per Share

7.779

Quarterly Revenue Growth

(0.03)

The market value of First National Corp is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First National's value that differs from its market value or its book value, called intrinsic value, which is First National's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First National's market value can be influenced by many factors that don't directly affect First National's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between First National's value and its price as these two are different measures arrived at by different means. Investors typically determine if First National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First National's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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First Historical Income Statement

About First Income Statement Analysis

First National Income Statement Chart

Gross Profit

Other Operating Expenses

First National income statement Correlations

First National Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First National income statement Accounts

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Gross Profit	+ 1.0	Total Revenue
Ebitda	+ 1.0	Ebit
Ebit	+ 0.99	Operating Income
Ebitda	+ 0.99	Operating Income
Interest Income	+ 0.98	Net Interest Income
Selling General Administrative	+ 0.96	Total Revenue

Reconciled Depreciation	- 0.78	Net Interest Income
Cost Of Revenue	- 0.75	Net Income
Cost Of Revenue	- 0.73	Income Before Tax
Cost Of Revenue	- 0.66	Ebitda
Reconciled Depreciation	- 0.65	Interest Income
Tax Provision	- 0.65	Non Recurring