First National (FXNC) Debt/Equity Ratio: History & Chart

First National Corporation(FXNC)

Banks - Regional · Strasburg, VA

$30.29+0.33 (+1.10%)

Delayed quote: Oct 6, 2026, 11:13 AM EDT

About First National Corporation

First National Corporation serves as the holding company for First Bank, which offers a diverse array of financial solutions and commercial banking services. It caters to a broad clientele across Virginia, including individuals, small and medium-sized enterprises, estates, local governmental bodies, and non-profit organizations. The bank's deposit offerings encompass essential accounts such as checking, savings, money market, and individual retirement accounts (IRAs), along with certificates of deposit (CDs) and sophisticated treasury management services. Its lending portfolio is extensive, featuring construction financing for residential properties, land acquisition, and development. It also provides mortgages for 1-4 family homes and commercial real estate loans, which are secured by various property types like multi-family residences, office and retail buildings, hotels, industrial sites, and religious facilities. For businesses, the bank extends commercial and industrial (C&I) loans, often collateralized by assets such as accounts receivable, equipment, and inventory. Furthermore, personal financing options range from home equity loans to a variety of secured and unsecured consumer loans, including lines of credit, vehicle financing, loans against deposits, and both installment and demand loans. Beyond traditional banking, First National Corporation delivers comprehensive wealth management services. These include estate planning, investment management for assets, and acting as a trustee for agreements and wills, in addition to estate settlement. Complementary services provided by the company include title insurance and investment advisory. Customers also benefit from modern conveniences such as internet and mobile banking, and remote deposit capture. The bank's presence spans 20 branch locations, a dedicated loan production office, a customer service center, and an expansive network of ATMs. The company was established in 1907 and its headquarters are situated in Strasburg, Virginia.

Strasburg, VA

308 employees

www.fbvirginia.com

Financial Services / Banks - Regional

Sector: Financial Services
Industry: Banks - Regional
CEO: Scott C. Harvard

View full financials

FXNC Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

0.22

DEBT TO EQUITY RATIO AVG TTM

0.23

DEBT TO EQUITY RATIO AVG 3Y

0.30

DEBT TO EQUITY RATIO AVG 5Y

0.18

DEBT TO EQUITY RATIO AVG 10Y

0.21

DEBT TO EQUITY RATIO AVG 15Y

0.24

DEBT TO EQUITY RATIO AVG 20Y

0.30

CURRENT VS TTM AVG

-5.13%

CURRENT VS 3Y AVG

-26.99%

CURRENT VS 5Y AVG

+24.72%

CURRENT VS 10Y AVG

+7.01%

CURRENT VS 15Y AVG

-8.31%

CURRENT VS 20Y AVG

-25.40%

SECTOR MEDIAN · FINANCIAL SERVICES

0.34

median of 542 covered companies

CURRENT VS SECTOR MEDIAN

-35.07%

vs the sector median at left

NAME	MARKET CAP	DEBT TO EQUITY RATIO	TTM	3Y	5Y
First National Corporation (FXNC)	$273.85M	0.22	0.23	0.30	0.18
National Bankshares, Inc. (NKSH)vs ›	$274.10M	0.00	0.00	0.00	0.00
Medallion Financial Corp. (MFIN)vs ›	$274.93M	0.85	0.78	0.76	0.83
LCNB Corp. (LCNB)vs ›	$271.96M	0.37	0.54	0.62	0.44
Isabella Bank Corporation (ISBA)vs ›	$276.95M	0.59	0.58	0.55	0.57
Kingstone Companies, Inc. (KINS)vs ›	$271.45M	0.03	0.11	0.41	0.39
Freedom Metals Acquisition Corp. (FDMM)vs ›	$270.60M	N/A	N/A	N/A	N/A
NewHold Investment Corp IV Class A Ordinary Shares (NHIV)vs ›	$277.49M	N/A	N/A	N/A	N/A
Cartesian Growth Corp. Iv (CGCF)vs ›	$270.05M	N/A	N/A	N/A	N/A
First United Corporation (FUNC)vs ›	$279.00M	0.48	0.81	0.81	0.84

NAME

MARKET CAP

DEBT TO EQUITY RATIO

TTM

First National Corporation (FXNC)

$273.85M

0.22

0.23

0.30

0.18

National Bankshares, Inc. (NKSH)vs ›

$274.10M

0.00

Medallion Financial Corp. (MFIN)vs ›

$274.93M

0.85

0.78

0.76

0.83

LCNB Corp. (LCNB)vs ›

$271.96M

0.37

0.54

0.62

0.44

Isabella Bank Corporation (ISBA)vs ›

$276.95M

0.59

0.58

0.55

0.57

Kingstone Companies, Inc. (KINS)vs ›

$271.45M

0.03

0.11

0.41

0.39

Freedom Metals Acquisition Corp. (FDMM)vs ›

$270.60M

N/A

NewHold Investment Corp IV Class A Ordinary Shares (NHIV)vs ›

$277.49M

N/A

Cartesian Growth Corp. Iv (CGCF)vs ›

$270.05M

N/A

First United Corporation (FUNC)vs ›

$279.00M

0.48

0.81

0.84

Debt to Equity Ratio FAQ

What is the debt to equity ratio for First National Corporation (FXNC)?

The debt to equity ratio for FXNC stock is 0.22.

Is First National Corporation's debt to equity ratio high or low?

The debt to equity ratio of 0.22 is 25% above its 5-year average of 0.18, near the low end of its 5-year range (0.13–0.55).

What is the TTM average debt to equity ratio for First National Corporation (FXNC)?

The TTM average debt to equity ratio for FXNC stock is 0.23.

What is the 3Y average debt to equity ratio for First National Corporation (FXNC)?

The 3Y average debt to equity ratio for FXNC stock is 0.30.

What is the 5Y average debt to equity ratio for First National Corporation (FXNC)?

The 5Y average debt to equity ratio for FXNC stock is 0.18.

What is the 10Y average debt to equity ratio for First National Corporation (FXNC)?

The 10Y average debt to equity ratio for FXNC stock is 0.21.

What is the 15Y average debt to equity ratio for First National Corporation (FXNC)?

The 15Y average debt to equity ratio for FXNC stock is 0.24.

What is the 20Y average debt to equity ratio for First National Corporation (FXNC)?

The 20Y average debt to equity ratio for FXNC stock is 0.30.

DATE	DEBT TO EQUITY RATIO
2026-06-30	0.22
2026-03-31	0.23
2025-12-31	0.23
2025-09-30	0.17
2025-06-30	0.32
2025-03-31	0.18
2024-12-31	0.18
2024-09-30	0.51
2024-06-30	0.54
2024-03-31	0.55
2023-12-31	0.55
2023-09-30	0.13
2023-06-30	0.13
2023-03-31	0.13
2022-12-31	0.13
2022-09-30	0.14
2022-06-30	0.14
2022-03-31	0.13
2021-12-31	0.16
2021-09-30	0.16
2021-06-30	0.22
2021-03-31	0.22
2020-12-31	0.23
2020-09-30	0.23
2020-06-30	0.24
2020-03-31	0.18
2019-12-31	0.18
2019-09-30	0.19
2019-06-30	0.20
2019-03-31	0.28
2018-12-31	0.21
2018-09-30	0.22
2018-06-30	0.23
2018-03-31	0.24
2017-12-31	0.24
2017-09-30	0.25
2017-06-30	0.25
2017-03-31	0.26
2016-12-31	0.27
2016-09-30	0.28
2016-06-30	0.53
2016-03-31	0.30
2015-12-31	0.31
2015-09-30	0.15
2015-06-30	0.16
2015-03-31	0.44
2014-12-31	0.16
2014-09-30	0.36
2014-06-30	0.27
2014-03-31	0.28
2013-12-31	0.29
2013-09-30	0.35
2013-06-30	0.36
2013-03-31	0.34
2012-12-31	0.34
2012-09-30	0.14
2012-06-30	0.32
2012-03-31	0.39
2011-12-31	0.77
2011-09-30	0.55
2011-06-30	0.37
2011-03-31	0.41
2010-12-31	0.41
2010-09-30	0.36
2010-06-30	0.60
2010-03-31	0.36
2009-12-31	0.37
2009-09-30	0.71
2009-06-30	0.39
2009-03-31	0.38
2008-12-31	1.22
2008-09-30	1.00
2008-06-30	1.63
2008-03-31	1.11
2007-12-31	1.49
2007-09-30	1.61
2007-06-30	1.71
2007-03-31	1.58
2006-12-31	1.79
2006-09-30	2.07
2006-06-30	2.37
2006-03-31	2.50
2005-12-31	2.27
2005-09-30	1.93
2005-06-30	2.34
2005-03-31	2.42
2004-12-31	2.29
2004-09-30	2.10
2004-06-30	1.86
2004-03-31	1.95
2003-12-31	1.58
2003-09-30	1.30
2003-06-30	1.17
2003-03-31	1.34
2002-12-31	1.10
2002-09-30	1.13

DATE

DEBT TO EQUITY RATIO

2026-06-30

0.22

2026-03-31

0.23

2025-12-31

0.23

2025-09-30

0.17

2025-06-30

0.32

2025-03-31

0.18

2024-12-31

0.18

2024-09-30

0.51

2024-06-30

0.54

2024-03-31

0.55

2023-12-31

0.55

2023-09-30

0.13

2023-06-30

0.13

2023-03-31

0.13

2022-12-31

0.13

2022-09-30

0.14

2022-06-30

0.14

2022-03-31

0.13

2021-12-31

0.16

2021-09-30

0.16

2021-06-30

0.22

2021-03-31

0.22

2020-12-31

0.23

2020-09-30

0.23

2020-06-30

0.24

2020-03-31

0.18

2019-12-31

0.18

2019-09-30

0.19

2019-06-30

0.20

2019-03-31

0.28

2018-12-31

0.21

2018-09-30

0.22

2018-06-30

0.23

2018-03-31

0.24

2017-12-31

0.24

2017-09-30

0.25

2017-06-30

0.25

2017-03-31

0.26

2016-12-31

0.27

2016-09-30

0.28

2016-06-30

0.53

2016-03-31

0.30

2015-12-31

0.31

2015-09-30

0.15

2015-06-30

0.16

2015-03-31

0.44

2014-12-31

0.16

2014-09-30

0.36

2014-06-30

0.27

2014-03-31

0.28

2013-12-31

0.29

2013-09-30

0.35

2013-06-30

0.36

2013-03-31

0.34

2012-12-31

0.34

2012-09-30

0.14

2012-06-30

0.32

2012-03-31

0.39

2011-12-31

0.77

2011-09-30

0.55

2011-06-30

0.37

2011-03-31

0.41

2010-12-31

0.41

2010-09-30

0.36

2010-06-30

0.60

2010-03-31

0.36

2009-12-31

0.37

2009-09-30

0.71

2009-06-30

0.39

2009-03-31

0.38

2008-12-31

1.22

2008-09-30

1.00

2008-06-30

1.63

2008-03-31

1.11

2007-12-31

1.49

2007-09-30

1.61

2007-06-30

1.71

2007-03-31

1.58

2006-12-31

1.79

2006-09-30

2.07

2006-06-30

2.37

2006-03-31

2.50

2005-12-31

2.27

2005-09-30

1.93

2005-06-30

2.34

2005-03-31

2.42

2004-12-31

2.29

2004-09-30

2.10

2004-06-30

1.86

2004-03-31

1.95

2003-12-31

1.58

2003-09-30

1.30

2003-06-30

1.17

2003-03-31

1.34

2002-12-31

1.10

2002-09-30

1.13

Debt to Equity Ratio: 0.22

FXNC Debt to Equity Ratio

FXNC Average Debt to Equity Ratio Chart

FXNC Current vs Average Debt to Equity Ratio Chart

FXNC Debt to Equity Ratio Metrics

FXNC Competitors' Debt to Equity Ratio

Financial Health

Debt to Equity Ratio Formula & Definition

Debt to Equity Ratio FAQ

FXNC Debt to Equity Ratio History

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