# First National Corp (FXNC)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/first-national-corp/ JSON: https://steadybase.io/company/first-national-corp.json Checked Nov 10, 2026. Latest filing read: Aug 13, 2026.

## Company

- Legal name: FIRST NATIONAL CORP /VA/
- Ticker: FXNC (Nasdaq)
- SEC CIK: 0000719402
- Industry: State Commercial Banks (SIC 6022)
- Headquarters: Strasburg, VA
- Fiscal year ends: December 31
- SEC filer category: Non-accelerated filer<br>Smaller reporting company
- Website: fbvirginia.com
- LinkedIn: https://www.linkedin.com/company/first-bank-strasburg
- Next earnings date: Jan 22, 2027 (estimated from past 8-K timing)

## Key facts

- Revenue: $14.3M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 25, 2026). Source: https://www.sec.gov/Archives/edgar/data/719402/000143774926009748/0001437749-26-009748-index.html
- Net income: $17.7M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 25, 2026). Source: https://www.sec.gov/Archives/edgar/data/719402/000143774926009748/0001437749-26-009748-index.html
- Employees: 308 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/719402/000143774926009748/fxnc20251231_10k.htm
- Shares outstanding: 9,042,629 as of Aug 7, 2026 (10-Q filed Aug 13, 2026). Source: https://www.sec.gov/Archives/edgar/data/719402/000143774926027538/0001437749-26-027538-index.html
- Auditor: Yount, Hyde & Barbour, P.C., Winchester, Virginia, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/719402/000143774926009748/fxnc20251231_10k.htm

## Business

First National Corporation (the Company) is a bank holding company incorporated under Virginia law on September 7, 1983. The Company owns all of the stock of its primary operating subsidiary, First Bank (the Bank), which is a commercial bank chartered under Virginia law.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/719402/000143774926009748/fxnc20251231_10k.htm

## Annual results

| Fiscal year ended | Revenue | Net income |
|---|---|---|
| Dec 31, 2025 | $14.3M | $17.7M |
| Dec 31, 2024 | $14.2M | $7.0M |
| Dec 31, 2023 | $10.2M | $9.6M |
| Dec 31, 2022 | $10.1M | $16.8M |
| Dec 31, 2021 | $9.0M | $10.4M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/first-national-corp.json

## Officers and directors

- Scott C. Harvard, President and Chief Executive Officer of First National Corporation. Source: 8-K filed Oct 23, 2026, https://www.sec.gov/Archives/edgar/data/719402/000143774926033337/ex_1005312.htm
- Brad E. Schwartz, EVP - CFO. LinkedIn: https://linkedin.com/in/brad-schwartz-4570126. Source: Form 4 filed Mar 4, 2026, https://www.sec.gov/Archives/edgar/data/719402/000143774926006872/0001437749-26-006872-index.htm
- Dennis A. Dysart, Senior EVP/COO. LinkedIn: https://linkedin.com/in/dennis-dysart-94529294. Source: Form 4 filed Feb 17, 2026, https://www.sec.gov/Archives/edgar/data/719402/000143774926004338/0001437749-26-004338-index.htm
- Boyce Brannock, Board member (per proxy). Source: DEF 14A filed Apr 2, 2026, https://www.sec.gov/Archives/edgar/data/719402/000143774926011018/fxnc20260318_def14a.htm
- Elizabeth H. Cottrell, Board member (per proxy). Source: DEF 14A filed Apr 2, 2026, https://www.sec.gov/Archives/edgar/data/719402/000143774926011018/fxnc20260318_def14a.htm
- Emily Marlow Beck, Board member (per proxy). Source: DEF 14A filed Apr 2, 2026, https://www.sec.gov/Archives/edgar/data/719402/000143774926011018/fxnc20260318_def14a.htm
- George Edwin Holt, III, Board member (per proxy). Source: DEF 14A filed Apr 2, 2026, https://www.sec.gov/Archives/edgar/data/719402/000143774926011018/fxnc20260318_def14a.htm
- Gerald F. Smith, Jr., Board member (per proxy). Source: DEF 14A filed Apr 2, 2026, https://www.sec.gov/Archives/edgar/data/719402/000143774926011018/fxnc20260318_def14a.htm
- James R. Wilkins, III, Board member (per proxy). Source: DEF 14A filed Apr 2, 2026, https://www.sec.gov/Archives/edgar/data/719402/000143774926011018/fxnc20260318_def14a.htm
- Jason C. Aikens, Board member (per proxy). Source: DEF 14A filed Apr 2, 2026, https://www.sec.gov/Archives/edgar/data/719402/000143774926011018/fxnc20260318_def14a.htm
- Kirtesh Patel, Board member (per proxy). Source: DEF 14A filed Apr 2, 2026, https://www.sec.gov/Archives/edgar/data/719402/000143774926011018/fxnc20260318_def14a.htm
- W. Michael Funk, Board member (per proxy). Source: DEF 14A filed Apr 2, 2026, https://www.sec.gov/Archives/edgar/data/719402/000143774926011018/fxnc20260318_def14a.htm

## Recent 8-K events

- Oct 23, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/719402/000143774926033337/fxnc20260814_8k.htm
- Aug 13, 2026: Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/719402/000143774926027512/fxnc20260811_8k.htm
- Jul 29, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/719402/000143774926024769/fxnc20260706_8k.htm
- May 14, 2026: Item 5.07, Submission of matters to a vote of security holders; Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/719402/000143774926016908/fxnc20260511c_8k.htm
- May 13, 2026: Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/719402/000143774926016572/fxnc20260511_8k.htm
- Apr 30, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/719402/000143774926014094/fxnc20260324_8k.htm
- Feb 12, 2026: Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/719402/000143774926003895/fxnc20260211c_8k.htm
- Feb 12, 2026: Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/719402/000143774926003857/fxnc20260211_8k.htm
- Jan 29, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/719402/000143774926002351/fxnc20251204_8k.htm
- Nov 13, 2025: Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/719402/000143774925034801/fxnc20251112_8k.htm

## Insider trades (Form 4)

- Mar 4, 2026: Brad E. Schwartz (EVP - CFO) bought 1,000 shares, about $26,910. Source: https://www.sec.gov/Archives/edgar/data/719402/000143774926006872/0001437749-26-006872-index.htm
- Aug 7, 2025: Brad E. Schwartz (EVP - CFO) bought 1,000 shares, about $21,020. Source: https://www.sec.gov/Archives/edgar/data/719402/000143774925025381/0001437749-25-025381-index.htm

## What management said

- "We are extremely pleased with our record financial performance for the quarter and the year. Organic loan growth continued in the third quarter with strong new loan production in all our markets. The improved net interest margin, excellent asset quality, and expense management drove the financial performance in the third quarter. Our branch optimization process was completed as we closed and consolidated three banking offices and closed our off-site ATMs in the third quarter." Scott C. Harvard, President and Chief Executive Officer of First National Corporation (8-K filed Oct 23, 2026). Source: https://www.sec.gov/Archives/edgar/data/719402/000143774926033337/ex_1005312.htm

## Latest filings

- 8-K filed Oct 23, 2026: https://www.sec.gov/Archives/edgar/data/719402/000143774926033337/fxnc20260814_8k.htm
- 10-K filed Mar 25, 2026: https://www.sec.gov/Archives/edgar/data/719402/000143774926009748/fxnc20251231_10k.htm
- 10-Q filed Aug 13, 2026: https://www.sec.gov/Archives/edgar/data/719402/000143774926027538/fxnc20260630_10q.htm
- DEF 14A filed Apr 2, 2026: https://www.sec.gov/Archives/edgar/data/719402/000143774926011018/fxnc20260318_def14a.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/