First National Corp.
- FXNC ยท Nasdaq
- State Commercial Banks
- Strasburg, VA
- 308 employees
- CIK 0000719402
Updated from SEC filings through
Top things to know
Executives
- Scott C. Harvard President and Chief Executive Officer of First National Corporation 8-K, 2026-10-23
- Brad E. Schwartz EVP - CFO 4, 2026-03-04
- Dennis A. Dysart Senior EVP/COO 4, 2026-02-17
What leadership is saying
“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.”
Earnings press release (8-K Ex. 99.1), filed October 23, 2026
First National Corp is a U.S. public company in state commercial banks (SIC 6022), headquartered in Strasburg, VA. It trades as FXNC on Nasdaq. Revenue was $14.3M in the fiscal year ending December 31, 2025, +0.8% from the year before. It reported about 308 employees. Scott C. Harvard is President and Chief Executive Officer of First National Corporation.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $14.3M 10-K, 2026-03-25 | $14.2M 10-K, 2026-03-25 | $10.2M 10-K, 2025-03-31 | $10.1M 10-K, 2024-03-29 | $9.0M 10-K, 2023-03-30 |
| Operating income | Not on file | Not on file | Not on file | Not on file | Not on file |
| SG&A | Not on file | Not on file | Not on file | Not on file | Not on file |
| Net income | $17.7M 10-K, 2026-03-25 | $7.0M 10-K, 2026-03-25 | $9.6M 10-K, 2025-03-31 | $16.8M 10-K, 2024-03-29 | $10.4M 10-K, 2023-03-30 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Scott C. Harvard | President and Chief Executive Officer of First National Corporation | 8-K, 2026-10-23 |
| Kirtesh Patel | Board member (per proxy) bio: President and Chief Executive Officer of OMMA Management, LLC | DEF 14A, 2026-04-02 |
| W. Michael Funk | Board member (per proxy) bio: President, Chief Executive Officer, and director of Virginia Savings Bank | DEF 14A, 2026-04-02 |
| Brad E. Schwartz CFO First Bank, Retired Community Bank CEO, CFO and President | EVP - CFO | 4, 2026-03-04 |
| Emily Marlow Beck | Board member (per proxy) bio: President of Marlow Motor Co., Inc. | DEF 14A, 2026-04-02 |
| George Edwin Holt, III | Board member (per proxy) bio: owner and served as President of RailCar Interchange, Inc. | DEF 14A, 2026-04-02 |
| James R. Wilkins, III | Board member (per proxy) bio: President of Silver Lake Properties, Inc. | DEF 14A, 2026-04-02 |
| Jason C. Aikens | Board member (per proxy) bio: Vice President and Partner of Aikens Group | DEF 14A, 2026-04-02 |
| Boyce Brannock | Board member (per proxy) bio: partner in the law firm of Timberlake Smith | DEF 14A, 2026-04-02 |
| Dennis A. Dysart President/Chief Operating Officer at First Bank Virginia | Senior EVP/COO | 4, 2026-02-17 |
| Elizabeth H. Cottrell | Board member (per proxy) bio: director | DEF 14A, 2026-04-02 |
| Gerald F. Smith, Jr. | Board member (per proxy) bio: Vice Chairman of the Board | DEF 14A, 2026-04-02 |
What First National Corp does
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.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 9.0 million (as of August 7, 2026) | 10-Q, August 13, 2026 |
|---|---|---|
| Public float | $151M (as of June 30, 2025) | 10-K, March 25, 2026 |
| Reportable segments | 2 (period ending June 30, 2026) | 10-Q, August 13, 2026 |
| Latest proxy statement | Meeting May 13, 2026 (filed April 2, 2026) | DEF 14A, April 2, 2026 |
| Auditor | Yount, Hyde & Barbour, P.C. (Winchester, Virginia) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| March 4, 2026 | Brad E. Schwartz EVP - CFO | Buy | 1,000 | $27K | Form 4, March 4, 2026 |
| August 7, 2025 | Brad E. Schwartz EVP - CFO | Buy | 1,000 | $21K | Form 4, August 7, 2025 |
Recent 8-K events
- 8-K filed 2026-10-23
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-08-13
- Item 8.01 Other events
- 8-K filed 2026-07-29
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-05-14
- Item 5.07 Submission of matters to a vote of security holders
- Item 8.01 Other events
- 8-K filed 2026-05-13
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-04-30
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-02-12
- Item 8.01 Other events
- 8-K filed 2026-02-12
- Item 8.01 Other events
- 8-K filed 2026-01-29
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-11-13
- Item 8.01 Other events
Frequently asked questions about First National Corp
- What does First National Corp do?
- In its own words, from Item 1 of its 10-K: "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."
- What is First National Corp's revenue?
- $14.3M for the fiscal year ending December 31, 2025, from its 10-K filed March 25, 2026.
- Is First National Corp profitable?
- First National Corp reported net income of $17.7M for the fiscal year ending December 31, 2025.
- How many employees does First National Corp have?
- About 308 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of First National Corp?
- Scott C. Harvard, President and Chief Executive Officer of First National Corporation, as named in a 8-K filed October 23, 2026.
- Who is the CFO of First National Corp?
- Brad E. Schwartz, EVP - CFO, as named in a 4 filed March 4, 2026.
- Where is First National Corp headquartered?
- Strasburg, VA.
- What is First National Corp's stock ticker?
- FXNC on Nasdaq.
- What industry is First National Corp in?
- State Commercial Banks, SIC code 6022.
- What is First National Corp's website?
- fbvirginia.com.
- When does First National Corp report earnings next?
- January 22, 2027. Source: estimate_8k_pattern.
- Is First National Corp a public company?
- Yes. First National Corp files with the SEC under CIK 0000719402 and trades as FXNC.
- Who audits First National Corp?
- Yount, Hyde & Barbour, P.C., Winchester, Virginia, as named in its latest annual report (10-K).
- How many shares of First National Corp are outstanding?
- 9.0 million shares as of August 7, 2026, from its 10-Q filed August 13, 2026.
- What is First National Corp's public float?
- $151M as of June 30, 2025, as reported on the cover of its 10-K filed March 25, 2026.
- How many business segments does First National Corp report?
- 2 reportable segments for the period ending June 30, 2026, from its 10-Q filed August 13, 2026.
- When is First National Corp's annual shareholder meeting?
- May 13, 2026, per its proxy statement (DEF 14A) filed April 2, 2026.
- Have First National Corp insiders traded stock recently?
- Since August 7, 2025, officers and directors reported 0 open-market sales and 2 purchases worth about $48K on Forms 4 and 5. The most recent: Brad E. Schwartz (EVP - CFO) bought 1,000 shares on March 4, 2026.