VABK (72) LCNB (65) HWBK (67) RMBI (65) ⌘ Pro Terminal →

First National Corporation (FXNC) — RQD Stock Rating Cockpit

$30.46 -1.52% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $30.32

First National Corporation (FXNC) carries a Roarable Rating of C (Hold) with 65/100 RQD Confidence. The composite score sits in the neutral Hold band (59–69), meaning current holders don’t need to panic-sell while prospective buyers can wait for a move into the 70+ Buy zone.

📊 Historical Track Record: Scores of 65/100 (C) historically posted market-perform odds over rolling 90-day windows (+1.3% avg 90D alpha vs SPY) →

ROARABLE C • HOLD / WATCH Cap $275.4M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on FXNC Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is FXNC stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, First National Corporation (NASDAQ: FXNC) is rated C (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 65/100 at a spot price of $30.46 (-1.52% 1D, market cap $275.4M). Pillar breakdown: Fundamental Cash Engine 14/20, Institutional 13F & Options Flow 10/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 12/20, and SEC Balance-Sheet Forensics 16/20. Across 1096 tracked Financials issuers, FXNC ranks #249 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does FXNC compare to VABK and LCNB in the Financials sector?

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Within the Financials sector (Major Banks), FXNC carries a Roarable C (65/100 RQD), trailing P/E of 15.8x, gross margin of —, and ROIC of 9.5%. By comparison, VABK (Virginia National Bankshares Corporation) holds a B grade (72/100 RQD, P/E 14.4x, ROIC 10.5%, cap $279.5M) and LCNB (LCNB Corporation) posts a C grade (65/100 RQD, P/E 12.3x, ROIC 8.4%, cap $281.1M). Among the 5-stock peer group, HWBK leads on earnings multiple (12.2x) while HWBK leads on capital efficiency (13.7% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for FXNC?

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Per FXNC's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000719402), First National Corporation generated $0 in revenue, $17.7M in net income, and $25.1M in free cash flow against $2.04B in total assets and $0 in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction.. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $30.32 (-0.46%)🧬 Cannibal Buyback (-2.36% YoY Shares)⚙️ Cash Engine: 14/20 (B-) • 0.6% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 65/100 (C) historically posted market-perform odds over rolling 90-day windows (+1.3% avg 90D alpha vs SPY • 55.6% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERHOLD / WATCH • C

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw C+ · Rk C

Each axis scored 0–20

12M PRICE TARGET CONE+3.2% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for FXNC)Realized 20D OHLCV Swing Band: ±5.4%

Deterministic 5-Pillar Attribution (65/100 Composite)

🔍 WHY FXNC SCORES 65/100 (C) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Insider Conviction & Share Dilution+16/20 pts (25% of score)

SEC Form 4 / 13F Thermometer: 80% Net Buy • Cannibal Buyback (-2.36% YoY Shares)

▲ #2 Bullish Driver: Cash Engine Quality+14/20 pts (22% of score)

SEC XBRL FY 2025 (10-K): 0.6% FCF Margin ($25.1M FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: Whale & Options Positioning10/20 pts (-10 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-10 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C$29.44+0.8% Next Q

Q2 (-2Q)

Grade C$29.68+6% Next Q

Q3 (-1Q)

Grade C+$31.45-3.1% Next Q

Current

Grade C$30.46+1.3% Hist 90D α

Trajectory: C (57) → C (65)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the FXNC Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 65/100 (C) score, FXNC faces multiple-compression risk if 15.8x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Broader market pullbacks can still drag down strong stocks in the short run.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-2.36% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($30.31) or 200D SMA ($28.88) invalidates the momentum regime and cuts Target Base ($31.42) toward Bear Floor ($24.51).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $FXNC• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “FXNC Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 65%NO 35%Trade / Inspect Odds →

RSI-14 MOMENTUMNEUTRAL RANGE

52.430 Oversold · 70 Hot

ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)

3.80>3.0 Fortress Safe

PIOTROSKI F-SCORESOLID CORE (5–6)

5 / 99-Pt Accounting

52-WEEK LASER RANGE74% OF RANGE

L: $22$30.46H: $33

1. Money & Cash Health● MIXED

Are profits real cash in the bank?

Decent core business (steady margins), though cash flow growth is moderate rather than explosive right now.

Factor Grade: B-RQD 14 / 20

2. Big Money & Insiders● NEUTRAL

Are whales & executives buying or selling?

Big funds and company insiders are mostly holding steady without aggressive buying or panic selling.

Factor Grade: CRQD 26 / 40

3. Hidden Risks & Market Weather● WATCH

SEC fine-print scan & interest-rate fit

No major SEC filing blowups, though current interest rates and Fed liquidity call for normal position sizing.

Factor Grade: CRQD 25 / 40

MULTI-MODEL JEV QUANT JURY DELIBERATION

JEV AI Jury Split (Battleground) on FXNC

Cash & Moat Bull AI

ROIC & Free Cash Flow Model

BULLISH (70)

9.5% ROIC with 42.0% gross margin and 8.98% FCF yield.

SEC Forensic Auditor AI

10-K Accruals & Altman-Z Guard

NEUTRAL (65)

Altman-Z 4.20 and Piotroski 5/9 pass balance-sheet audit.

Whale & Macro Hawk AI

Options Skew, 13F & Fed NetLiq

NEUTRAL (63)

26/40 institutional & smart-money positioning score with 12/20 macro alignment.

Bull Case: Why Buyers Like FXNC

✓Company leadership has skin in the game with net positive insider conviction.

Bear Case: What Could Go Wrong

!Broader market pullbacks can still drag down strong stocks in the short run.

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Quantitative Research Desk

Scheduled RQD Strong Buys & Whale Accumulation Briefing (FXNC Tape Review)

✓Breakdown of the highest-scoring RQD Green-Light breakouts across our 5,200+ rated universe
✓Forensic Red-Light accounting & dilution traps to review on your watchlist
✓Includes downloadable .ics calendar invite & nightly RQD rating-change email alerts

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?

Join Founding VIP Waitlist (No Card Required) →$100K Arena

FXNC // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +13.45%📐 WEDGE COMPRESSION COIL

2026-11-03O $30.93H $30.93L $30.46C $30.46VOL 16.7K

RES: $31.88SUP: $28.15SMA50: $30.31SMA200: $28.88

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

FXNC Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 FXNC Butterfly Map → + Track FXNC →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.3%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on FXNC today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for FXNC. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for FXNC today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (FXNC)

Financials Rank #249 of 1096 ⚔️ VABK vs FXNC Full Matrix →

1. Head-to-Head Financials Peer Comparison (FXNC vs. VABK, LCNB, HWBK, RMBI)

Industry: Major Banks (248 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, First National Corporation (FXNC) ranks #249 by composite RQD confidence (65/100, grade C) and #829 by equity capitalization ($275.4M). Within this direct 5-issuer industry benchmark cohort, HWBK leads on earnings valuation at 12.2x trailing P/E, while HWBK leads on capital efficiency and profitability with 13.7% ROIC and — gross margin. VABK currently holds the highest overall quantitative score in the immediate peer group at 72/100 (B) compared with FXNC at 65/100 (C).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
FXNC ACTIVE First National Corporation	C	65/100	15.8x	—	9.5%	-1.52%	$275.4M	Benchmark Subject
VABK Virginia National Bankshares Corporation	B	72/100	14.4x	—	10.5%	+0.63%	$279.5M	/vabk-vs-fxnc →
LCNB LCNB Corporation	C	65/100	12.3x	—	8.4%	-1.05%	$281.1M	/lcnb-vs-fxnc →
HWBK Hawthorn Bancshares Inc.	C+	67/100	12.2x	—	13.7%	-1.86%	$284.9M	/hwbk-vs-fxnc →
RMBI Richmond Mutual Bancorporation Inc.	C	65/100	23.0x	—	7.9%	0.00%	$265.8M	/rmbi-vs-fxnc →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000719402

In its most recent audited fiscal period (FY2025, filed 2025-12-31), First National Corporation (FXNC) reported GAAP revenue of $0 (N/A vs. FY2024 revenue of $0 ) , GAAP net income of $17.7M, operating cash flow of $25.1M, and free cash flow of $25.1M (+213.1% YoY). On the balance sheet, FXNC closed FY2025 with $2.04B in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 5/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$0	$17.7M	$25.1M	$25.1M	$2.04B	—
FY2024 (FY)	2024-12-31	$0	$7.0M	-$22.2M	-$22.2M	$2.01B	—
FY2023 (FY)	2023-12-31	$0	$9.6M	$16.4M	$16.4M	—	—

3. FXNC Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is FXNC stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does FXNC compare to VABK and LCNB in the Financials sector?

What are the biggest fundamental strengths and SEC risk factors for FXNC?

Where is FXNC trading relative to its 50-day, 200-day, and 52-week technical levels?

FXNC last traded at $30.46 (-1.52% on volume of 16,704 shares), positioning the stock +0.49% above its 50-day simple moving average ($30.31) and +5.47% above its 200-day simple moving average ($28.88). Across its 52-week range of $22.40 to $33.24, FXNC sits at the 74.4% percentile with a 14-day RSI of 52.4 (NEUTRAL RANGE) and an implied next-earnings move of ±5.4% ($28.82 to $32.10).

FXNC Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

Should I buy, hold, or sell FXNC stock right now?

First National Corporation (FXNC) currently earns a Roarable Rating of C (Hold — HOLD) with 65/100 RQD Confidence. Solid steady margins (10% return on capital), mixed timing at 16x P/E—hold if owned, no rush to chase.

What is FXNC's 12-month price target and RQD AI Jury consensus?

FXNC's 12-month base price target is $31.42 (range $24.51 to $37.08), backed by transparent SEC XBRL cash-flow, Form 4 insider, and CBOE options flow analysis.

Direct Sub-Reports: FXNC RQD Cockpit FXNC 12M Forecast FXNC Earnings & Move FXNC Dividends & DRIP FXNC Insiders & 13F FXNC Whale Options FXNC Profit Sankey FXNC News & Why

ROARABLE RATING BRIEF • RQD 65/100 (C) ✓ STAGE-C NUMBER FIREWALL VERIFIED

FXNC — First National Corporation: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T15:39:16Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, FXNC scores 67 out of 100 with a letter grade of C+, labeled "Roarable Hold — Upper Neutral / Watch for Breakout." The five pillars are: Fundamental Cash Engine at 14/20 (ROIC 9.5%; FCF yield 8.98%), Whale 13F Flow at 12/20 (institutional accumulation and options positioning), Insider Conviction at 16/20 (SEC Form 4 and Congressional PTR cluster flow), Macro Regime Fit at 12/20 (Beta 1.0; sector sensitivity), and Forensic Balance Sheet at 13/20 (Altman Z 2.5; Piotroski F 5/9; Debt/Equity 0.5). The strongest pillar is insider conviction, which is the highest-scoring component. The weakest are whale flow and macro fit, each at 12/20. For a prospective investor, the upside case rests mainly on the cash-generation and insider-flow pillars, while the valuation and macro-sensitivity pillars limit the score. The rating's "Watch for Breakout" framing implies the score sits near the neutral boundary rather than at a clear buy or sell signal. This is an analytical characterization of the provided score, not a recommendation.

Financial Trend

Period	Revenue	Operating Income	Net Income	EPS	FCF	Cash	Debt
FY 2025	$0.0M	$0.0M	$17.7M	N/A	$25.1M	$160.9M	N/A
FY 2024	$0.0M	$0.0M	$7.0M	N/A	$-22.2M	$162.9M	N/A
FY 2023	$0.0M	$0.0M	$9.6M	N/A	$16.4M	N/A	N/A

Per the SEC financials, net income rose from $7.0M in FY 2024 to $17.7M in FY 2025, while free cash flow moved from $-22.2M to $25.1M over the same period. Reported revenue and operating income are shown as $0.0M in the source, so margin figures are not meaningfully derivable from these fields; per the market data, gross, operating, and net margins are each listed as 0%. Per the Roarable RQD rating, ROIC is 9.5% and the Altman Z-Score is 2.5, while the Piotroski F-Score is 5/9 and Debt/Equity is 0.5. Cash reported at $160.9M for FY 2025 versus $162.9M for FY 2024 indicates a slight decline in the reported cash balance.

Recent Catalysts & News Wire Analysis

Record performance headline (GREEN, CATALYST): A report titled around a record third quarter and year-to-date 2026 performance is among the recent items, flagged as a catalyst in the feed.
Earnings beat (GREEN, CATALYST): A MarketBeat item reports FXNC beat expectations by $0.13 EPS in its quarterly release.
Earnings coverage (YELLOW, MARKET WIRE): Multiple Yahoo Finance, TradingView, and MarketScreener items cover Q3 results and key metrics versus estimates; these are classified as market-wire items.
Risk watch: The source data does not identify specific risk events. The feed items are primarily earnings-related headlines.
Proprietary signals: None are present in the Butterfly graph.

Open Questions

What are the company's revenue and operating income figures, given that the source reports $0.0M for these fields across all periods?
What is the debt balance, and does the Debt/Equity of 0.5 reconcile with the reported debt fields marked N/A?
What drove the difference between FY 2024 and FY 2025 cash balances, and what is the current EV/EBITDA?
What specific catalysts underlie the record Q3 performance headline, and do they show up in the reported financials?
What institutional (13F) or insider transactions are tied to the 16/20 insider and 12/20 whale pillar scores, since the holders section is empty?

FXNC Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for First National Corporation (FXNC) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to FXNC Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo Finance • 18h ago

First National (FXNC) Q3 Earnings Strengthen The Case For Its Stock

Yahoo Finance report covering First National Corporation (FXNC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST markets.businessinsider.com • 21h ago

First National Corporation Reports Record Third Quarter and Year to Date 2026 Financial Performance

markets.businessinsider.com report covering First National Corporation (FXNC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 1d ago

First National Corporation Estimates – NASDAQ:FXNC

TradingView report covering First National Corporation (FXNC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 1d ago

FIRST NAT CP (FXNC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Yahoo Finance report covering First National Corporation (FXNC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE marketscreener.com • 1d ago

First National Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2026

marketscreener.com report covering First National Corporation (FXNC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST MarketBeat • 1d ago

First National (NASDAQ:FXNC) Releases Quarterly Earnings Results, Beats Expectations By $0.13 EPS

MarketBeat report covering First National Corporation (FXNC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 1d ago

FXNC Q3'26 Earnings: EPS estimate is 0.63 USD

TradingView report covering First National Corporation (FXNC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo! Finance Canada • 1d ago

AMN,PGY,HLF,BSBK,FXNC,IMRX,CRMT,ORN,MRBK,FRST,TISI,GRNT,VSTS,RVSB,GEF-B,SHEN,TMCI,SABR,BCRX,DCGO,NBBK,USCB | Stock Prices | Quote Comparison - Yahoo Finance

Yahoo! Finance Canada report covering First National Corporation (FXNC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

FXNC Bull vs. Bear Conversation Board — What's Your Call at $30.46?

🐂 50% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON FXNC 🐻 50% BEARISH CONVICTION

RO RoarDesk_Moderator Roarable Research Desk ⚖️ DEBATE HOST 🎯 Target: $33.40 (+8.0%)

📌 Pinned Debate

🔥 Official Bull vs. Bear Debate: Is FXNC (C+ • RQD 67/100) a Buy at $30.93?

Welcome to the FXNC (First National Corporation) Roar Pit. Current RQD Composite is 67/100 (Roarable Hold — Upper Neutral / Watch for Breakout) in Major Banks. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.

BE BearTrap_Alert Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $24.13 (-22.0%)

Spot @ $30.93

Pump the brakes on FXNC — check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on FXNC, but look at what you are paying: 15.8x trailing P/E with tightening sector spreads. Unless First National Corporation expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

MI MidwestValue Verified K Arena Trader 🐂 BULLISH 🎯 Target: $38.66 (+25.0%)

Spot @ $30.93

FXNC cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on FXNC, the market is fixating on short-term headline noise in Major Banks and ignoring the balance sheet and cash flow trajectory. At $30.93 (52-wk range $22.10 - $33.24), any beat on forward guidance forces shorts and underweight funds to chase.