First National Corporation
First National Corporation (NASDAQ: FXNC) is trading at $29.38, about ₹2,818 at today's USD/INR rate, as of 25 Sep 2026, 4:00 PM ET, down 0.84% today. Indian residents can buy First National from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$29.27
Today's high
$29.84
52 week low
$21.59
52 week high
$33.24
FXNC opened at $29.31, closed previously at $29.63, and has traded between $21.59 and $33.24 over the past 52 weeks.
About
First National Corporation serves as the holding company for First Bank, which offers a diverse array of financial solutions and commercial banking services. It caters to a broad clientele across Virginia, including individuals, small and medium-sized enterprises, estates, local governmental bodies, and non-profit organizations. The bank's deposit offerings encompass essential accounts such as checking, savings, money market, and individual retirement accounts (IRAs), along with certificates of deposit (CDs) and sophisticated treasury management services. Its lending portfolio is extensive, featuring construction financing for residential properties, land acquisition, and development. It also provides mortgages for 1-4 family homes and commercial real estate loans, which are secured by various property types like multi-family residences, office and retail buildings, hotels, industrial sites, and religious facilities. For businesses, the bank extends commercial and industrial (C&I) loans, often collateralized by assets such as accounts receivable, equipment, and inventory. Furthermore, personal financing options range from home equity loans to a variety of secured and unsecured consumer loans, including lines of credit, vehicle financing, loans against deposits, and both installment and demand loans. Beyond traditional banking, First National Corporation delivers comprehensive wealth management services. These include estate planning, investment management for assets, and acting as a trustee for agreements and wills, in addition to estate settlement. Complementary services provided by the company include title insurance and investment advisory. Customers also benefit from modern conveniences such as internet and mobile banking, and remote deposit capture. The bank's presence spans 20 branch locations, a dedicated loan production office, a customer service center, and an expansive network of ATMs. The company was established in 1907 and its headquarters are situated in Strasburg, Virginia.
Key statistics
Avg. volume
51.39K
Market cap
$265.62M
P/E Ratio
12.24
Price-to-sales ratio
2.26
Enterprise value
$142.21M
Free cash flow yield
10.34%
Debt-to-equity ratio
0.22
Return on equity
11.57%
ROIC
8.87%
Beta
0.41
Dividend yield
2.31%
Last dividend
$0.68
Financial overview
Revenue
$112.20M
Earnings per share
$1.97
Free cash flow
$21.01M
Net profit margin
18.47%
Gross margin
77.52%
EBITDA
$26.47M
Revenue growth
27.11%
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This is not an investment recommendation
How to buy First National from India
Indian residents can buy First National shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for First National and place an order
Find First National by name or by its ticker, FXNC, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. First National trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your First National position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in First National from India
Trading and taxes when buying First National from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. First National’s current yield is 2.31%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy First National stock?
Yes. First National (FXNC) has been listed on NASDAQ since 1999, in the Banks - Regional industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one First National share cost in rupees?
One First National share is $29.38 — about ₹2,818 at a USD/INR rate of 95.92 on 25 Sep 2026. Both the First National price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying First National from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of First National?
Yes. One First National share is $29.38, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in First National.
How are gains on First National shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the First National price. Paasa issues a capital-gains statement for your return.
Does First National pay a dividend, and how is it taxed in India?
Yes. First National pays a dividend and the current yield is 2.31%; the last declared dividend was $0.68 per share, about ₹65.23. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade First National from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on First National shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare First National shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your First National holding, its cost and its closing value.
How do I sell First National and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.