Demonstrações financeiras detalhadas de First National Corporation (FXNC): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
First National Corporation registou receitas de $112.2M no último exercício, com um CAGR de 5 anos de 22.9%. O lucro líquido atingiu $17.7M, com CAGR de 5 anos de 14.9%.
Margens dos últimos 12 meses: margem bruta 77.5%, margem operacional 22.9%, margem líquida 18.5%. O fluxo de caixa livre cresceu a CAGR de 8.2% em 5 anos.
Ao preço atual de $30.85, FXNC negocia a um P/L de 12.85 e um ROE de 11.57%. A capitalização de mercado é de $279M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $32.9M | $35.1M | $39.5M | $40.6M | $40.1M | $46.2M | $60.7M | $67.9M | $88.3M | $112.2M |
| Custo da Receita | $2.0M | $2.5M | $4.1M | $5.3M | $6.4M | $1.7M | $5.7M | $20.5M | $31.7M | $29.1M |
| Lucro Bruto | $30.9M | $32.7M | $35.4M | $35.2M | $33.7M | $44.5M | $55.0M | $47.4M | $56.6M | $83.1M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $14.6M | $14.4M | $14.1M | $14.3M | $13.9M | $18.8M | $22.0M | $22.6M | $27.0M | $42.0M |
| Despesas Operacionais | $22.6M | $22.5M | $23.0M | $23.4M | $22.8M | $31.6M | $34.3M | $35.6M | $48.5M | $61.1M |
| Lucro Operacional | $8.3M | $10.2M | $12.4M | $11.8M | $10.9M | $12.9M | $20.7M | $11.8M | $8.0M | $21.9M |
| EBITDA | $10.4M | $12.2M | $14.2M | $13.4M | $12.4M | $14.3M | $22.3M | $13.4M | $10.4M | $26.5M |
| Despesas com Juros | $2.0M | $2.4M | $3.5M | $4.9M | $3.4M | $2.3M | $3.8M | $14.3M | $23.9M | $26.3M |
| Lucro Antes de Impostos | $8.3M | $10.2M | $12.4M | $11.8M | $10.9M | $12.9M | $20.7M | $11.8M | $8.0M | $21.9M |
| Imposto | $2.4M | $3.7M | $2.3M | $2.2M | $2.0M | $2.6M | $4.0M | $2.2M | $1.1M | $4.2M |
| Lucro Líquido | $5.9M | $6.4M | $10.1M | $9.6M | $8.9M | $10.4M | $16.8M | $9.6M | $7.0M | $17.7M |
| LPA | $1.20 | $1.30 | $2.05 | $1.92 | $1.82 | $1.87 | $2.69 | $1.54 | $1.00 | $1.97 |
| LPA Diluído | $1.20 | $1.30 | $2.04 | $1.92 | $1.82 | $1.86 | $2.68 | $1.53 | $1.00 | $1.96 |
| Ações em Circulação (Diluídas) | $4.9M | $4.9M | $5.0M | $5.0M | $4.9M | $5.6M | $6.3M | $6.3M | $7.0M | $9.0M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $29.6M | $30.0M | $28.2M | $29.7M |
| Lucro Bruto | $22.6M | $22.8M | $22.1M | $23.6M |
| Lucro Operacional | $6.8M | $6.9M | $6.1M | $7.1M |
| EBITDA | $8.0M | $8.0M | $7.2M | $7.1M |
| Lucro Líquido | $5.5M | $5.5M | $4.9M | $5.7M |
| LPA | $0.62 | $0.61 | $0.54 | $0.63 |
| LPA Diluído | $0.62 | $0.61 | $0.54 | $0.63 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $41.1M | $40.0M | $28.6M | $45.8M | $127.3M | $176.0M | $66.9M | $87.2M | $162.9M | $160.9M |
| Investimentos de Curto Prazo | $94.8M | $89.3M | $99.9M | $121.0M | $140.2M | $289.5M | $162.9M | $152.9M | $1.6M | $16.9M |
| Contas a Receber | $1.7M | $1.9M | $2.1M | $2.1M | $2.7M | $3.9M | $4.5M | $4.7M | $6.0M | $6.5M |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $137.6M | $131.2M | $130.6M | $168.8M | $270.2M | $469.4M | $234.4M | $244.7M | $170.5M | $184.3M |
| Imobilizado | $20.8M | $19.9M | $20.1M | $19.7M | $19.3M | $22.4M | $21.9M | $22.1M | $34.8M | $34.6M |
| Ágio | 0 | 0 | 0 | 0 | 0 | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M |
| Ativos Intangíveis | $1.6M | $930000 | $472000 | $170000 | $19000 | $154000 | $136000 | $117000 | $15.0M | $13.2M |
| Ativos Totais | $716.7M | $739.1M | $753.0M | $800.0M | $950.9M | $1.39B | $1.37B | $1.42B | $2.01B | $2.04B |
| Contas a Pagar | $4.1M | $1.7M | $1.5M | $2.1M | $4.3M | $4.4M | $5.4M | 0 | 0 | 0 |
| Dívida de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $50.0M | 0 | 0 |
| Passivos Circulantes | $649.6M | $666.7M | $672.1M | $708.6M | $846.7M | $1.25B | $1.25B | $1.28B | $1.80B | $1.80B |
| Dívida de Longo Prazo | $14.2M | $14.2M | $14.2M | $14.3M | $19.3M | $19.3M | $14.3M | $14.3M | $30.5M | $42.6M |
| Passivos Totais | $666.0M | $681.0M | $686.3M | $722.8M | $866.0M | $1.27B | $1.26B | $1.30B | $1.84B | $1.85B |
| Reservas | $39.7M | $45.7M | $54.8M | $62.6M | $69.3M | $77.0M | $90.3M | $94.2M | $96.9M | $108.9M |
| Patrimônio Líquido | $52.2M | $58.2M | $66.7M | $77.2M | $84.9M | $117.0M | $108.4M | $116.3M | $166.5M | $186.2M |
| Dívida Total | $14.2M | $14.2M | $14.2M | $14.3M | $19.3M | $19.3M | $14.3M | $64.3M | $30.5M | $42.6M |
| Dívida Líquida | -$121.7M | -$115.0M | -$114.2M | -$152.5M | -$248.3M | -$446.2M | -$215.5M | -$175.7M | -$134.0M | -$135.2M |
| Capital de Giro | -$512.0M | -$535.6M | -$541.5M | -$539.7M | -$576.5M | -$783.7M | -$1.01B | -$1.04B | -$1.63B | -$1.62B |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $189.3M | $160.9M | $187.8M | $166.1M |
| Ativos Totais | $2.03B | $2.04B | $2.08B | $2.08B |
| Passivos Totais | $1.85B | $1.85B | $1.89B | $1.88B |
| Patrimônio Líquido | $181.2M | $186.2M | $188.6M | $193.6M |
| Dívida Total | $30.5M | $42.6M | $42.7M | $42.7M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $5.9M | $6.4M | $10.1M | $9.6M | $8.9M | $10.4M | $16.8M | $9.6M | $7.0M | $17.7M |
| Depreciação e Amortização | $2.1M | $2.0M | $1.8M | $1.6M | $1.5M | $1.4M | $1.5M | $1.6M | $2.4M | $4.5M |
| Compensação em Ações | $113000 | $141000 | $189000 | $183000 | $290000 | $354000 | $785000 | $753000 | $635000 | $1.2M |
| Variação Capital de Giro | $347000 | -$3.6M | $770000 | -$324000 | $2.3M | -$2.2M | $5.0M | -$732000 | -$35.6M | -$150000 |
| Fluxo de Caixa Operacional | $9.0M | $6.6M | $13.8M | $11.9M | $15.1M | $7.9M | $26.8M | $16.4M | -$22.2M | $25.2M |
| CapEx | -$1.0M | -$1.1M | -$1.5M | -$1.0M | -$909000 | -$835000 | -$1.2M | -$1.9M | -$3.3M | -$4.2M |
| Aquisições | 0 | 0 | 0 | 0 | 0 | -$44.3M | 0 | 0 | $70.2M | $1.7M |
| Recompra de Ações | 0 | 0 | -$24000 | -$20000 | -$2.1M | -$39000 | -$183000 | -$682000 | -$106000 | -$154000 |
| Dividendos Pagos | -$550000 | -$646000 | -$929000 | -$1.7M | -$2.0M | -$2.5M | -$3.3M | -$3.6M | -$4.0M | -$5.5M |
| Fluxo de Caixa Livre | $8.0M | $5.5M | $12.2M | $10.8M | $14.2M | $7.0M | $25.6M | $14.5M | -$25.5M | $21.0M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $8.4M | $9.7M | $6.4M | $6.9M |
| CapEx | -$1.6M | -$1.5M | -$488000 | -$426000 |
| Fluxo de Caixa Livre | $6.8M | $8.2M | $5.9M | $6.5M |
| Dividendos Pagos | -$1.3M | -$1.5M | -$1.5M | -$1.5M |
| Compensação em Ações | $586000 | $152000 | $338000 | 0 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +6.9% | +12.4% | +2.7% | -1.1% | +15.2% | +31.4% | +11.9% | +30.0% | +27.1% |
| Crescimento Lucro Líquido (anual) | | +9.2% | +57.2% | -5.7% | -7.3% | +16.9% | +62.1% | -42.7% | -27.6% | +154.1% |
| Crescimento LPA (anual) | | +8.3% | +57.7% | -6.3% | -5.2% | +2.7% | +43.9% | -42.8% | -35.1% | +97.0% |
| Variação de Ações (anual) | | +0.3% | +0.2% | +0.2% | -1.8% | +13.9% | +12.6% | +0.3% | +11.0% | +29.3% |
| Crescimento FCF (anual) | | -31.1% | +122.2% | -11.4% | +31.1% | -50.4% | +263.9% | -43.2% | -275.6% | +182.4% |
| Margem Bruta | 94.0% | 92.9% | 89.6% | 86.8% | 84.1% | 96.4% | 90.7% | 69.9% | 64.1% | 74.0% |
| Margem Operacional | 25.1% | 29.0% | 31.5% | 29.1% | 27.2% | 28.0% | 34.2% | 17.4% | 9.1% | 19.6% |
| Margem EBITDA | 31.6% | 34.7% | 36.0% | 33.1% | 30.9% | 31.1% | 36.7% | 19.8% | 11.8% | 23.6% |
| Margem Líquida | 18.0% | 18.3% | 25.7% | 23.6% | 22.1% | 22.4% | 27.7% | 14.2% | 7.9% | 15.8% |
| Margem FCF | 24.3% | 15.6% | 30.9% | 26.7% | 35.4% | 15.2% | 42.2% | 21.4% | -28.9% | 18.7% |
| Taxa Efetiva de Imposto | 28.5% | 36.6% | 18.4% | 19.0% | 18.8% | 20.0% | 19.0% | 18.5% | 13.4% | 19.3% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $1.62 | $1.11 | $2.46 | $2.18 | $2.91 | $1.27 | $4.09 | $2.31 | $-3.66 | $2.33 |
| Dividendo por Ação | $0.11 | $0.13 | $0.19 | $0.34 | $0.41 | $0.45 | $0.53 | $0.57 | $0.58 | $0.61 |
| Ações em Circulação (Básicas) | $4.9M | $4.9M | $5.0M | $5.0M | $4.9M | $5.6M | $6.3M | $6.3M | $7.0M | $9.0M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Retorno sobre patrimônio | 11.57% |
| Retorno sobre capital investido | 8.87% |
| Retorno sobre ativos | 1.04% |
| Margem bruta | 77.52% |
| Margem operacional | 22.93% |
| Margem líquida | 18.47% |
Saúde financeira
| Dívida / Patrimônio | 0.22 |
| Liquidez corrente | 0.27 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 10.71 | 13.85 | 9.46 | 11.15 | 9.29 | 12.30 | 6.37 | 14.12 | 23.01 | 12.81 |
| P/VP | 1.21 | 1.53 | 1.44 | 1.38 | 0.97 | 1.09 | 0.99 | 1.17 | 0.96 | 1.22 |
| P/V | 1.93 | 2.53 | 2.43 | 2.62 | 2.06 | 2.77 | 1.77 | 2.01 | 1.82 | 2.02 |
| Margem Bruta | 94.0% | 92.9% | 89.6% | 86.8% | 84.1% | 96.4% | 90.7% | 69.9% | 64.1% | 74.0% |
| Margem Operacional | 25.1% | 29.0% | 31.5% | 29.1% | 27.2% | 28.0% | 34.2% | 17.4% | 9.1% | 19.6% |
| Margem Líquida | 18.0% | 18.3% | 25.7% | 23.6% | 22.1% | 22.4% | 27.7% | 14.2% | 7.9% | 15.8% |