COMP <GO>

FXNC vs VABK // EV/EBITDA & P/E VALUATION

First National Corporation (NASDAQ) VS. Virginia National Bankshares Corporation (NASDAQ) • 15-METRIC TALLY: FXNC 4 — VABK 3

■ METRIC PARITY

LAST: $30.93 (+0.26%) • MKT CAP: $279.7M

valuation

—

LAST: $51.19 (+5.14%) • MKT CAP: $277.7M

valuation

—

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (FXNC VS. VABK) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	FXNC	VABK	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	9.50%	10.50%	-1.00	VABK	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	8.98%	7.47%	+1.51	FXNC	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	—	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	1.97%	0.00%	+1.97	FXNC	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	5/9	4/9	+1.00	FXNC	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	53.2	61.5	-8.32	VABK	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	14.7x	13.4x	+1.30	VABK	/forward-pe <GO>
Enterprise Scale & Market Cap	$279.7M	$277.7M	$2.0M	FXNC	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	FXNC REV	VABK REV	FXNC GROSS %	VABK GROSS %	FXNC FCF	VABK FCF
FY 2025	$0	$0	—	—	$25.1M	$20.8M
FY 2024	$0	$0	—	—	-$22.2M	$14.6M
FY 2023	$0	—	—	—	$16.4M	—

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

FXNC // BETA —

VABK // BETA —