First National Corporation Announces 9.7% Increase in Quarterly Cash Dividend

First National Corporation announces a quarterly dividend increase of 9.7%, reflecting strong financial performance and shareholder returns.

Quiver AI Summary

First National Corporation announced a quarterly cash dividend of $0.17 per share, reflecting a 9.7% increase from the previous $0.155 per share, with shareholders of record on November 28, 2025, set to receive the payment on December 12, 2025. This decision, attributed to the company's strong financial performance, marks the tenth consecutive year of annual dividend increases. First National, the bank holding company for First Bank, operates multiple banking services and has a significant presence in Virginia and northern North Carolina since its establishment in 1907. The Bank not only provides traditional banking products but also operates a wealth management division and offers title insurance services through an affiliated entity.

Potential Positives

Announcement of a quarterly cash dividend increase of 9.7%, reflecting strong financial performance.
Consistent annual cash dividend payout increases for the past ten years, indicating robust financial health and commitment to shareholders.

Potential Negatives

Although the press release highlights a dividend increase, it does not provide specific details on the Company's overall financial health or performance metrics that justify this increase, which may raise questions among shareholders about sustainability.
The focus on the dividend increase might overshadow other potential financial challenges or risks the company is facing, which are not addressed in the release.
There is no mention of current market conditions or competitive landscape, which could potentially impact future performance and growth strategies, leaving shareholders without crucial context.

FAQ

What is the new dividend rate for shareholders of First National Corporation?

The new quarterly cash dividend rate is $0.17 per share, an increase of 9.7% from the previous rate.

When will the dividend be paid to shareholders?

The dividend will be paid on December 12, 2025, to shareholders of record on November 28, 2025.

How long has First National Corporation increased its dividends?

First National Corporation has increased its annual cash dividend payout every year for the past ten years.

Where is First National Corporation based?

First National Corporation is based in Strasburg, Virginia, where its community bank, First Bank, first opened in 1907.

What services does First Bank provide?

First Bank offers loan and deposit products, mobile banking, ATM access, and wealth management services.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$FXNC Insider Trading Activity

$FXNC insiders have traded $FXNC stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $FXNC stock by insiders over the last 6 months:

BRAD E SCHWARTZ (EVP - CFO) has made 3 purchases buying 3,000 shares for an estimated $60,870 and 0 sales.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$FXNC Hedge Fund Activity

We have seen 30 institutional investors add shares of $FXNC stock to their portfolio, and 22 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 112,387 shares (-84.5%) from their portfolio in Q2 2025, for an estimated $2,188,174
MILLENNIUM MANAGEMENT LLC removed 92,706 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $1,804,985
DE LISLE PARTNERS LLP added 66,289 shares (+92.3%) to their portfolio in Q2 2025, for an estimated $1,290,646
STATE STREET CORP added 49,763 shares (+352.3%) to their portfolio in Q2 2025, for an estimated $968,885
NORTHERN TRUST CORP added 42,130 shares (+170.0%) to their portfolio in Q2 2025, for an estimated $820,271
GOLDMAN SACHS GROUP INC removed 40,744 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $793,285
FOURTHSTONE LLC removed 36,452 shares (-4.2%) from their portfolio in Q2 2025, for an estimated $709,720

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

STRASBURG, Va., Nov. 13, 2025 (GLOBE NEWSWIRE) -- First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), announced its Board of Directors declared a quarterly cash dividend of $0.17 per share to shareholders of record on November 28, 2025, to be paid on December 12, 2025. This is an increase of 9.7% from the previous quarterly dividend payment of $0.155 per share.

“We are pleased to announce this increase in dividends for our shareholders based on our strong financial performance. We have increased our annual cash dividend payout every year for the past ten years ,” said Scott Harvard, President and Chief Executive Officer of First National.

ABOUT FIRST NATIONAL CORPORATION

First National Corporation (NASDAQ: FXNC) is the parent company and bank holding company of First Bank, a community bank that first opened for business in 1907 in Strasburg, Virginia. The Bank offers loan and deposit products and services through its consumer and business mobile banking platforms, a network of ATMs located throughout its market area, three loan production offices, a customer service center in a retirement community, and thirty-three bank branch office locations located throughout the Shenandoah Valley, the Roanoke Valley, the Richmond MSA, the south-central region of Virginia, and in northern North Carolina. In addition to providing traditional banking services, the Bank operates a wealth management division under the name First Bank Wealth Management. First Bank also owns First Bank Financial Services, Inc., which owns an interest in an entity that provides title insurance services.

CONTACTS

Scott C. Harvard		Brad E. Schwartz
President and CEO		Executive Vice President and CFO
(540) 545-7695		(540) 465-6130
[email protected]		[email protected]