First National (FXNC) Gross Margin (2019 - 2026)
First National's (FXNC) quarterly Gross Margin came in at 46.72% in Q2 2026, up 25.0% on a YoY basis from 37.38% in Q2 2025, and down 10.79% quarter-over-quarter from 52.38% in Q1 2026.
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First National (FXNC) Gross Margin (2019 - 2026) Analysis & Trends
First National (FXNC) has reported Gross Margin for 8 consecutive years, with 46.72% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 25.0% year-over-year to 46.72%; the trailing twelve-month figure through Jun 2026 stood at 48.63% (down 786.0% YoY), and the FY2025 full-year result was 43.48%, down 2037.0% from the prior year.
- Gross Margin declined to 46.72% in Q2 2026 per FXNC's latest filing, from 52.38% in the prior quarter.
- Across five years, Gross Margin topped out at 78.05% in Q2 2024 and bottomed at 41.91% in Q4 2025.
- Historically, Gross Margin has averaged 57.37% across 5 years, with a median of 56.4% in 2023.
- The sharpest annual moves came in 2022 and 2024: Gross Margin plunged 9990 bps in 2022, then surged 2227 bps in 2024.
- Over 5 years, Gross Margin stood at 60.28% in 2022, then retreated by 16 bps to 50.56% in 2023, then rose by 19 bps to 60.06% in 2024, then slumped by 30 bps to 41.91% in 2025, then rose by 11 bps to 46.72% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 46.72%, 52.38%, and 41.91% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 948.96 Bn | 948.96 Bn | - | - |
| 2 | Truist Financial | 61.64 Bn | 61.64 Bn | - | - |
| 3 | Fifth Third Bancorp | 49.62 Bn | 25.89 Bn | - | - |
| 4 | M&T Bank | 34.88 Bn | 34.88 Bn | - | - |
| 5 | Huntington Bancshares | 33.82 Bn | 29.29 Bn | - | - |
| 6 | Citizens Financial | 29.46 Bn | 29.46 Bn | - | - |
| 7 | Regions Financial | 25.57 Bn | 25.57 Bn | - | - |
| 8 | First Citizens Bancshares | 25.00 Bn | 24.48 Bn | 29.00 Mn | 39.19% |
| 9 | Keycorp | 23.27 Bn | -24.42 Bn | - | - |
| 10 | First National | 279.01 Mn | 112.87 Mn | 1.60 Mn | 46.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 46.72% |
| Mar 31, 2026 | 52.38% |
| Dec 31, 2025 | 41.91% |
| Sep 30, 2025 | 52.92% |
| Jun 30, 2025 | 46.47% |
| Mar 31, 2025 | 50.69% |
| Dec 31, 2024 | 60.06% |
| Sep 30, 2024 | 67.43% |
| Jun 30, 2024 | 78.05% |
| Mar 31, 2024 | 70.98% |
| Dec 31, 2023 | 50.56% |
| Sep 30, 2023 | 57.02% |
| Jun 30, 2023 | 55.78% |
| Mar 31, 2023 | 58.23% |
| Dec 31, 2022 | 60.28% |
| Sep 30, 2022 | 54.36% |
| Jun 30, 2022 | 62.10% |
| Mar 31, 2022 | 66.65% |
| Dec 31, 2021 | 160.18% |
| Sep 30, 2021 | 62.26% |