First National Corporation (NASDAQ:FXNC) 2Q20 Earnings Sneak Peek

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First National Corporation (NASDAQ:FXNC) is set to announce second quarter earning results on Monday 27th July 2020, after market close.

Previous Quarter Performance

First National Corporation outlined income for the first quarter of $ 0.34 per share, from the revenue of $ 9.12 million. The quarterly revenues compared with the same quarter last year. Wall street analysts are predicting revenue of The bottom line results street analysts by $ 0.01 or , at the same time, top line results analysts by $ 27.54 million or .

Stock Performance

According to the previous trading day, closing price of FXNC was $ 13.43, representing a 16.38 % increase from the 52 week low of $ 11.54 and a 37.39 % decrease over the 52 week high of $ 21.45.

The company has a market capital of $ 65.13 million and is part of the Financial Services sector and Banks – Regional – US industry.

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First National Corporation operates as the bank holding company for First Bank that provides a range of commercial banking services to small and medium-sized businesses, individuals, estates, local governmental entities, and non-profit organizations in Virginia. The companys deposit products include checking, savings, money market, individual retirement, certificates of deposit, and cash management accounts, as well as treasury management solutions. Its loan products comprise construction loans, including residential, land acquisition, and development loans; 1-4 family residential real estate loans; and commercial real estate loans that are secured by various types of commercial real estate, including multi-family residential buildings, office and retail buildings, hotels, industrial buildings, and religious facilities.