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National Bankshares (NKSH) Financials

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$35.61 -0.04 (-0.11%)
As of 02:08 PM Eastern
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Annual Income Statements for National Bankshares

Annual Income Statements for National Bankshares

This table shows National Bankshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 16 15 14 16 17 16 20 27 16 7.62 17
Consolidated Net Income / (Loss)		 16 15 14 16 17 16 20 26 16 7.62 16
Net Income / (Loss) Continuing Operations		 16 15 14 16 17 16 20 27 16 7.62 17
Total Pre-Tax Income 		21 19 20 19 21 19 25 32 19 9.12 19
Total Revenue		 48 44 45 46 47 46 50 60 47 45 56
Net Interest Income / (Expense)		 39 37 37 38 38 38 42 47 37 36 46
Total Interest Income		 43 41 41 43 45 44 45 50 59 70 75
Loans and Leases Interest Income		 30 29 30 31 34 35 35 34 39 48 55
Investment Securities Interest Income		 12 11 11 11 9.76 9.21 9.89 15 18 18 17
Deposits and Money Market Investments Interest Income		 0.25 0.53 0.79 0.67 1.52 0.28 0.17 1.35 1.98 4.07 3.18
Federal Funds Sold and Securities Borrowed Interest Income		 - - - - - - - - 0.00 0.03 0.01
Total Interest Expense		 4.18 4.17 4.13 5.05 7.38 5.84 3.10 3.08 22 34 30
Deposits Interest Expense		 4.18 4.17 4.13 4.88 7.38 5.84 3.10 3.08 21 34 29
Long-Term Debt Interest Expense		 - - - - - - - 0.00 0.30 0.00 0.38
Total Non-Interest Income		 9.49 7.12 7.64 7.73 8.79 7.94 8.43 12 9.36 9.05 10
Other Service Charges		 7.62 1.29 1.15 0.81 1.35 1.09 1.26 8.09 1.19 1.03 9.49
Net Realized & Unrealized Capital Gains on Investments		 0.03 0.23 0.01 0.22 0.86 0.78 0.37 3.98 -0.25 0.17 0.23
Other Non-Interest Income		 0.60 5.59 6.47 6.71 6.58 6.07 6.80 0.96 8.42 7.84 1.20
Provision for Credit Losses		 2.01 1.65 0.16 -0.08 0.13 1.99 -0.40 0.71 -1.26 1.23 -0.02
Total Non-Interest Expense		 26 23 24 27 26 25 26 27 29 35 36
Salaries and Employee Benefits		 13 13 14 15 15 15 16 17 17 19 21
Net Occupancy & Equipment Expense		 3.40 4.00 4.10 4.63 5.04 4.88 4.88 5.12 5.55 6.21 6.50
Property & Liability Insurance Claims		 0.55 0.48 0.36 0.36 0.17 0.20 0.42 0.48 0.75 0.81 0.83
Other Operating Expenses		 8.17 5.92 6.03 7.73 5.63 5.22 5.03 4.84 5.61 5.48 7.85
Amortization Expense		 1.00 0.26 0.07 0.05 0.00 - - - 0.00 0.24 0.37
Restructuring Charge		 - - - - - - - - 0.00 2.92 0.00
Income Tax Expense		 4.74 3.95 6.29 2.56 3.21 3.08 4.25 5.83 2.98 1.50 3.34
Basic Earnings per Share		 $2.28 $2.15 $2.03 $2.32 $2.65 - $3.28 $4.33 $2.66 $1.24 $2.49
Weighted Average Basic Shares Outstanding		 6.95M 6.96M 6.96M 6.51M 6.49M 6.39M 6.02M 5.89M 5.89M 6.16M 6.36M
Diluted Earnings per Share		 $2.28 $2.15 $2.03 $2.32 $2.65 - - $4.33 $2.66 $1.24 $2.49
Weighted Average Diluted Shares Outstanding		 6.95M 6.96M 6.96M 6.51M 6.49M 6.39M 6.02M 5.89M 5.89M 6.16M 6.36M
Weighted Average Basic & Diluted Shares Outstanding		 6.95M 6.96M 6.96M 6.51M 6.49M 6.39M 6.02M 5.89M 5.89M 6.36M 6.37M
Cash Dividends to Common per Share		 $1.14 - - $1.21 $1.39 $1.39 $1.44 $1.50 $2.51 $1.51 $1.51

Quarterly Income Statements for National Bankshares

This table shows National Bankshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 3.07 4.19 2.17 -0.18 2.68 3.80 3.24 2.46 4.42 6.62 4.98
Consolidated Net Income / (Loss)		 3.07 4.19 2.17 -0.31 2.68 3.08 3.24 2.29 4.42 5.88 4.98
Net Income / (Loss) Continuing Operations		 3.07 4.19 2.17 -0.18 2.68 3.80 3.24 2.46 4.42 6.62 4.98
Total Pre-Tax Income 		3.69 5.06 2.69 -0.49 3.23 3.69 3.90 2.65 5.38 7.23 6.05
Total Revenue		 11 11 10 11 12 13 13 13 14 16 15
Net Interest Income / (Expense)		 8.64 8.48 8.25 8.68 9.43 10 10 11 12 13 13
Total Interest Income		 15 16 16 17 19 18 18 19 19 20 19
Loans and Leases Interest Income		 9.82 10 10 11 13 13 13 13 14 15 14
Investment Securities Interest Income		 4.42 4.61 4.62 4.55 4.51 4.41 4.20 4.06 4.04 4.36 4.57
Deposits and Money Market Investments Interest Income		 0.44 0.78 1.13 1.23 0.95 0.76 1.04 0.98 0.74 0.43 0.42
Federal Funds Sold and Securities Borrowed Interest Income		 0.00 - 0.00 0.01 0.01 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 6.04 7.03 7.78 8.42 9.22 8.31 7.95 7.55 7.34 6.92 6.32
Deposits Interest Expense		 6.04 7.03 7.78 8.42 9.22 8.31 7.95 7.55 7.27 6.61 6.32
Total Non-Interest Income		 2.12 2.25 2.20 2.27 2.29 2.24 2.56 2.28 2.54 2.63 2.68
Other Service Charges		 0.15 0.42 0.32 2.07 0.19 7.69 0.47 2.10 0.20 6.75 0.53
Net Realized & Unrealized Capital Gains on Investments		 0.02 0.01 0.02 0.06 0.05 0.21 0.03 0.05 0.09 0.06 0.02
Other Non-Interest Income		 1.95 1.82 1.86 0.27 2.04 -4.77 2.07 0.30 2.25 -3.43 2.13
Provision for Credit Losses		 -0.37 -0.89 -0.01 1.30 -0.01 -0.06 0.28 0.04 0.31 -0.63 -0.07
Total Non-Interest Expense		 7.44 6.56 7.76 10 8.50 8.62 8.63 11 8.52 8.67 9.33
Salaries and Employee Benefits		 4.46 3.96 4.47 4.69 4.95 5.11 5.18 5.20 5.11 5.35 5.83
Net Occupancy & Equipment Expense		 1.53 1.32 1.41 1.44 1.68 1.71 1.72 1.43 1.62 1.71 1.81
Property & Liability Insurance Claims		 0.19 0.19 0.19 0.19 0.21 0.22 0.21 0.21 0.21 0.20 0.21
Other Operating Expenses		 1.26 1.09 1.22 1.52 1.41 1.45 1.38 3.64 1.44 1.41 1.39
Amortization Expense		 0.00 - 0.00 0.04 0.10 - 0.10 0.10 0.09 0.09 0.09
Restructuring Charge		 0.00 - 0.48 2.26 0.15 0.03 0.00 0.00 0.00 - 0.00
Income Tax Expense		 0.62 0.88 0.52 -0.18 0.55 0.61 0.67 0.36 0.96 1.35 1.07
Basic Earnings per Share		 $0.52 $0.71 $0.37 ($0.05) $0.42 $0.50 $0.51 $0.36 $0.70 $0.92 $0.78
Weighted Average Basic Shares Outstanding		 5.89M 5.89M 5.89M 6.03M 6.36M 6.16M 6.36M 6.36M 6.36M 6.36M 6.36M
Diluted Earnings per Share		 $0.52 $0.71 $0.37 ($0.05) $0.42 $0.50 $0.51 $0.36 $0.69 $0.93 $0.78
Weighted Average Diluted Shares Outstanding		 5.89M 5.89M 5.89M 6.03M 6.36M 6.16M 6.36M 6.36M 6.36M 6.36M 6.37M
Weighted Average Basic & Diluted Shares Outstanding		 5.89M 5.89M 5.89M 6.36M 6.36M 6.36M 6.36M 6.37M 6.37M 6.37M 6.37M
Cash Dividends to Common per Share		 $0.00 $0.78 $0.00 $0.73 $0.00 $0.78 $0.00 $0.73 $0.00 $0.78 $0.00

Annual Cash Flow Statements for National Bankshares

This table details how cash moves in and out of National Bankshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -0.74 1.82 -1.05 -0.04 -2.59 2.86 4.92 -67 15 22 -49
Net Cash From Operating Activities		 21 18 11 20 19 14 23 30 16 9.44 18
Net Cash From Continuing Operating Activities		 21 18 11 20 19 14 23 30 16 9.44 18
Net Income / (Loss) Continuing Operations		 16 15 14 16 17 16 20 26 16 7.62 16
Consolidated Net Income / (Loss)		 16 15 14 16 17 16 20 26 16 7.62 16
Provision For Loan Losses		 - 1.65 0.16 -0.08 0.13 1.99 -0.40 0.71 -1.26 1.23 -0.02
Depreciation Expense		 0.75 0.80 0.81 0.77 0.74 0.71 0.64 0.61 0.75 0.90 1.10
Amortization Expense		 1.12 0.35 0.13 0.11 0.21 1.46 1.69 1.26 1.08 1.57 1.56
Non-Cash Adjustments to Reconcile Net Income		 1.33 -1.11 -3.51 -0.62 -1.77 -5.57 -0.49 -0.17 2.74 0.11 -1.70
Changes in Operating Assets and Liabilities, net		 1.50 0.91 -0.68 3.47 2.06 -0.76 1.06 1.16 -3.48 -2.00 1.12
Net Cash From Investing Activities		 -50 -32 -20 -3.63 -62 -178 -193 -130 53 16 -39
Net Cash From Continuing Investing Activities		 -50 -32 -20 -3.63 -62 -178 -193 -130 53 16 -39
Purchase of Investment Securities		 -127 -322 -75 -69 -415 -278 -274 -189 -13 -33 -118
Sale of Property, Leasehold Improvements and Equipment		 0.00 0.00 0.22 0.00 0.02 0.00 0.00 0.01 0.00 0.00 0.00
Divestitures		 - - - - - - - - - 6.90 0.00
Sale and/or Maturity of Investments		 77 290 55 66 354 84 37 28 66 29 63
Other Investing Activities, net		 - - 0.30 - - 18 45 33 0.71 13 16
Net Cash From Financing Activities		 29 17 8.15 -16 40 167 175 33 -54 -3.71 -28
Net Cash From Continuing Financing Activities		 29 17 8.15 -16 40 167 175 33 -54 -3.71 -28
Net Change in Deposits		 36 25 16 -7.79 68 177 197 48 -39 11 -18
Issuance of Debt		 - - - - - - - - - -5.23 0.00
Repayment of Debt		 - - - - - - - - 0.00 0.00 0.00
Payment of Dividends		 -7.93 -8.07 -8.14 -8.42 -9.03 -9.00 -8.81 -8.95 -15 -9.26 -9.61
Cash Interest Paid		 4.20 4.17 4.12 5.02 7.33 5.93 3.11 3.03 20 34 29
Cash Income Taxes Paid		 4.79 3.94 4.09 1.78 2.54 3.86 3.18 3.86 2.55 0.72 2.21

Quarterly Cash Flow Statements for National Bankshares

This table details how cash moves in and out of National Bankshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -17 33 35 -22 -49 58 14 -30 -51 17 2.90
Net Cash From Operating Activities		 5.66 2.19 3.84 -2.96 3.14 5.42 2.57 2.07 6.12 7.14 3.30
Net Cash From Continuing Operating Activities		 5.66 2.19 3.84 -2.96 3.14 5.42 2.57 2.07 6.12 7.14 3.30
Net Income / (Loss) Continuing Operations		 3.07 4.19 2.17 -0.31 2.68 3.08 3.24 2.29 4.42 5.88 4.98
Consolidated Net Income / (Loss)		 3.07 4.19 2.17 -0.31 2.68 3.08 3.24 2.29 4.42 5.88 4.98
Provision For Loan Losses		 -0.37 -0.89 -0.01 1.30 -0.01 -0.06 0.28 0.04 0.31 -0.63 -0.07
Depreciation Expense		 0.21 0.21 0.21 0.21 0.24 0.24 0.25 0.26 0.28 0.31 0.31
Amortization Expense		 0.28 0.27 0.26 0.35 0.49 0.66 0.43 0.38 0.33 0.42 0.34
Non-Cash Adjustments to Reconcile Net Income		 -0.32 0.20 0.18 -0.47 -0.97 1.18 -0.82 -0.74 -0.43 0.29 -1.26
Changes in Operating Assets and Liabilities, net		 2.79 -1.78 1.03 -4.05 0.71 0.32 -0.80 -0.16 1.21 0.88 -0.99
Net Cash From Investing Activities		 -0.24 -3.41 -3.10 13 -9.96 16 -1.10 3.02 -41 -0.24 -3.21
Net Cash From Continuing Investing Activities		 -0.24 -3.41 -3.10 13 -9.96 16 -1.10 3.02 -41 -0.24 -3.21
Purchase of Investment Securities		 -4.64 -8.34 -7.92 -13 -14 1.68 -18 -8.33 -62 -31 -16
Sale of Property, Leasehold Improvements and Equipment		 - - 0.00 - - - 0.00 - - - 0.00
Divestitures		 - - 0.00 6.90 -0.01 - 0.00 - - - 0.00
Sale and/or Maturity of Investments		 4.40 4.93 1.68 15 0.68 1.97 14 4.63 16 26 7.86
Other Investing Activities, net		 - - 3.15 3.62 3.07 13 2.98 6.72 4.55 4.81 5.35
Net Cash From Financing Activities		 -22 34 34 -32 -42 37 13 -35 -16 10 2.81
Net Cash From Continuing Financing Activities		 -22 34 34 -32 -42 37 13 -35 -16 10 2.81
Net Change in Deposits		 -22 39 34 -22 -42 42 13 -30 -66 65 2.81
Repayment of Debt		 - - 0.00 -5.23 - - 0.00 - - - 0.00
Payment of Dividends		 - -4.60 0.00 -4.30 -0.00 -4.96 0.00 -4.65 - -4.97 0.00
Cash Interest Paid		 5.75 6.17 6.68 8.54 9.53 8.93 7.98 7.46 7.11 6.94 6.28
Cash Income Taxes Paid		 0.15 -1.45 0.26 0.46 - - 0.00 1.08 0.09 1.04 1.11

Annual Balance Sheets for National Bankshares

This table presents National Bankshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,204 1,234 1,257 1,256 1,322 1,520 1,702 1,678 1,655 1,812 1,825
Cash and Due from Banks		 12 14 13 13 10 13 8.77 12 13 14 8.42
Federal Funds Sold		 - - - - - - - - 0.00 0.30 0.00
Interest Bearing Deposits at Other Banks		 131 80 51 43 77 121 130 59 74 94 51
Trading Account Securities		 388 439 459 425 436 548 687 657 619 603 654
Loans and Leases, Net of Allowance		 611 639 660 702 727 760 796 845 848 978 989
Premises and Equipment, Net		 9.02 8.85 8.22 8.65 8.92 10 9.72 10 11 17 18
Goodwill		 - - - 5.85 5.85 5.85 5.85 5.85 5.85 11 11
Intangible Assets		 6.22 5.97 5.90 - - - - - 0.00 1.86 1.49
Other Assets		 46 46 60 58 57 62 66 89 85 94 91
Total Liabilities & Shareholders' Equity		 1,204 1,234 1,257 1,256 1,322 1,520 1,702 1,678 1,655 1,812 1,825
Total Liabilities		 1,031 1,056 1,072 1,066 1,138 1,319 1,510 1,555 1,515 1,655 1,640
Non-Interest Bearing Deposits		 166 172 183 195 202 277 317 328 281 290 313
Interest Bearing Deposits		 852 871 877 857 918 1,020 1,177 1,215 1,223 1,355 1,314
Accrued Interest Payable		 0.06 0.06 0.06 0.09 0.14 0.06 0.05 0.11 1.42 1.46 1.58
Other Long-Term Liabilities		 12 12 12 14 18 22 16 12 9.46 9.01 11
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 172 178 185 190 184 201 192 123 141 156 185
Total Preferred & Common Equity		 172 178 185 190 184 201 192 123 141 156 185
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 172 178 185 190 184 201 192 123 141 156 185
Common Stock		 8.70 8.70 8.70 8.70 8.11 8.04 7.58 7.36 7.40 22 22
Retained Earnings		 171 178 186 194 184 190 188 199 198 196 203
Accumulated Other Comprehensive Income / (Loss)		 -7.94 -8.66 -9.70 -12 -8.51 3.02 -4.06 -84 -65 -62 -40

Quarterly Balance Sheets for National Bankshares

This table presents National Bankshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,592 1,689 1,809 1,785 1,836 1,807 1,802 1,829
Cash and Due from Banks		 13 11 15 16 15 9.80 9.19 7.98
Federal Funds Sold		 - - 3.50 0.07 0.26 0.00 0.00 0.00
Interest Bearing Deposits at Other Banks		 40 111 80 34 107 83 33 54
Trading Account Securities		 592 610 605 623 597 591 631 659
Loans and Leases, Net of Allowance		 839 854 979 991 993 1,000 1,006 986
Premises and Equipment, Net		 11 11 15 16 18 18 20 18
Goodwill		 5.85 5.85 11 11 11 11 11 11
Intangible Assets		 - - 2.07 1.96 1.77 1.67 1.58 1.40
Other Assets		 91 87 98 92 93 92 91 92
Total Liabilities & Shareholders' Equity		 1,592 1,689 1,809 1,785 1,836 1,807 1,802 1,829
Total Liabilities		 1,476 1,550 1,660 1,617 1,668 1,638 1,623 1,642
Non-Interest Bearing Deposits		 303 284 296 296 301 306 313 303
Interest Bearing Deposits		 1,162 1,254 1,349 1,306 1,357 1,321 1,249 1,327
Accrued Interest Payable		 0.55 2.51 2.53 2.07 1.43 1.52 1.62 1.60
Other Long-Term Liabilities		 10 9.49 13 12 9.25 8.68 9.67 10
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 116 139 149 168 167 169 179 187
Total Preferred & Common Equity		 116 139 149 168 167 169 179 187
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 116 139 149 168 167 169 179 187
Common Stock		 7.38 7.44 22 22 22 22 22 22
Retained Earnings		 198 200 196 198 200 197 202 208
Accumulated Other Comprehensive Income / (Loss)		 -90 -68 -68 -52 -54 -50 -44 -42

Annual Metrics And Ratios for National Bankshares

This table displays calculated financial ratios and metrics derived from National Bankshares' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 6,947,974.00 6,957,974.00 6,957,974.00 6,957,974.00 6,489,574.00 6,478,997.00 6,087,758.00 5,947,875.00 5,891,739.00 - 6,366,001.00
DEI Adjusted Shares Outstanding		 6,947,974.00 6,957,974.00 6,957,974.00 6,957,974.00 6,489,574.00 6,478,997.00 6,087,758.00 5,947,875.00 5,891,739.00 - 6,366,001.00
DEI Earnings Per Adjusted Shares Outstanding		 2.28 2.15 2.03 2.32 2.69 2.48 3.35 4.36 2.66 - 2.49
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.11% -9.00% 2.03% 2.54% 1.42% -0.95% 9.11% 19.35% -22.33% -1.21% 24.51%
EBITDA Growth		 -6.65% -10.68% 6.36% -8.12% 10.43% -1.44% 26.46% 27.06% -40.13% -39.93% 96.05%
EBIT Growth		 -6.88% -8.16% 7.89% -8.21% 10.51% -7.37% 28.61% 31.47% -42.33% -47.29% 120.09%
NOPAT Growth		 -6.39% -5.63% -5.69% 14.61% 8.14% -7.95% 26.78% 27.23% -39.49% -51.42% 107.61%
Net Income Growth		 -6.39% -5.63% -5.69% 14.61% 8.14% -7.95% 26.78% 27.23% -39.49% -51.42% 107.61%
EPS Growth		 -6.17% -5.70% -5.58% 14.29% 14.22% 0.00% 0.00% 0.00% -38.57% -53.38% 100.81%
Operating Cash Flow Growth		 0.94% -14.59% -37.30% 80.08% -4.87% -26.76% 65.90% 28.92% -47.38% -39.20% 89.55%
Free Cash Flow Firm Growth		 386.59% -12.26% -15.17% 44.91% 121.83% -103.35% 3,736.57% 224.91% -102.26% -285.45% -53.38%
Invested Capital Growth		 3.49% 3.57% 3.72% 2.89% -3.42% 9.19% -4.41% -36.02% 14.54% 11.31% 18.22%
Revenue Q/Q Growth		 0.24% -7.24% 6.96% 2.91% 0.97% -3.40% 2.71% 11.96% -15.72% 3.90% 5.94%
EBITDA Q/Q Growth		 -4.08% -1.57% 9.23% 3.10% 1.99% -6.32% 3.56% 19.74% -25.52% -5.69% 19.47%
EBIT Q/Q Growth		 -4.08% -0.92% 9.89% 3.43% 1.34% -8.19% 4.10% 21.70% -27.44% -10.54% 22.51%
NOPAT Q/Q Growth		 -3.53% -0.59% -2.64% 10.05% 1.24% -1.37% 3.55% 18.56% -24.62% -12.67% 21.51%
Net Income Q/Q Growth		 -3.53% -0.59% -2.64% 10.05% 1.24% 1.08% 1.51% 18.56% -24.62% -12.67% 21.51%
EPS Q/Q Growth		 -3.39% -0.92% -1.93% 9.43% 3.11% 0.00% 0.00% 0.00% 0.00% -14.48% 20.87%
Operating Cash Flow Q/Q Growth		 -36.81% 3.77% -27.77% 39.42% 5.14% -17.01% 7.32% 25.67% -36.80% 51.96% 10.66%
Free Cash Flow Firm Q/Q Growth		 106.94% 66.60% -31.92% 151.92% -54.26% -138.38% -5.76% -5.51% -112.69% 80.75% 73.82%
Invested Capital Q/Q Growth		 -1.31% -3.19% -1.47% -14.75% -2.27% -0.78% 0.47% 9.36% 21.02% -6.78% -19.33%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 46.54% 45.67% 47.61% 42.66% 46.45% 46.23% 53.58% 57.04% 43.96% 26.73% 40.25%
EBIT Margin		 42.67% 43.06% 45.53% 40.76% 44.41% 41.54% 48.96% 53.93% 40.04% 21.36% 35.55%
Profit (Net Income) Margin		 32.84% 34.05% 31.48% 35.18% 37.52% 34.86% 40.51% 43.18% 33.64% 16.54% 28.02%
Tax Burden Percent		 76.96% 79.08% 69.13% 86.32% 84.47% 83.94% 82.74% 81.64% 84.02% 83.57% 82.57%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 98.08% 100.00% 92.67% 95.46%
Effective Tax Rate		 23.04% 20.92% 30.87% 13.68% 15.53% 16.06% 17.26% 18.36% 15.98% 16.43% 17.43%
Return on Invested Capital (ROIC)		 9.36% 8.53% 7.76% 8.61% 9.34% 8.37% 10.39% 16.49% 11.92% 5.13% 9.27%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 9.27%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 9.27%
Cash Return on Invested Capital (CROIC)		 5.92% 5.02% 4.11% 5.76% 12.82% -0.42% 14.90% 60.42% -1.63% -5.57% -7.43%
Operating Return on Assets (OROA)		 1.74% 1.55% 1.64% 1.49% 1.60% 1.35% 1.53% 1.92% 1.12% 0.57% 1.10%
Return on Assets (ROA)		 1.34% 1.23% 1.13% 1.29% 1.36% 1.13% 1.27% 1.53% 0.94% 0.44% 0.87%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 9.27%
Return on Equity Simple (ROE_SIMPLE)		 9.20% 8.38% 7.62% 8.49% 9.51% 8.01% 10.63% 21.14% 11.17% 4.87% 8.56%
Net Operating Profit after Tax (NOPAT)		 16 15 14 16 17 16 20 26 16 7.62 16
NOPAT Margin		 32.84% 34.05% 31.48% 35.18% 37.52% 34.86% 40.51% 43.18% 33.64% 16.54% 28.02%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 33.02% 38.02% 39.69% 41.68% 42.87% 42.41% 41.00% 36.04% 49.04% 55.29% 48.44%
Operating Expenses to Revenue		 53.17% 53.18% 54.12% 59.42% 55.32% 54.15% 51.83% 44.89% 62.66% 75.97% 64.48%
Earnings before Interest and Taxes (EBIT)		 21 19 20 19 21 19 25 32 19 9.84 20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 22 20 21 20 22 21 27 34 21 12 23
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 1.24 1.28 1.03 1.26 0.84 0.98 1.76 1.29 1.17 1.15
Price to Tangible Book Value (P/TBV)		 0.00 1.28 1.33 1.06 1.30 0.87 1.01 1.85 1.35 1.27 1.24
Price to Revenue (P/Rev)		 0.00 5.03 5.30 4.25 4.98 3.66 3.75 3.60 3.89 3.96 3.78
Price to Earnings (P/E)		 0.00 14.76 16.83 12.08 13.28 10.49 9.26 8.14 11.56 21.88 12.75
Dividend Yield		 4.54% 3.66% 3.43% 4.31% 3.89% 5.34% 4.65% 4.13% 8.15% 5.26% 4.50%
Earnings Yield		 0.00% 6.77% 5.94% 8.28% 7.53% 9.53% 10.80% 12.29% 8.65% 4.57% 7.84%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.71 0.94 0.73 0.79 0.17 0.26 1.18 0.67 0.48 0.83
Enterprise Value to Revenue (EV/Rev)		 0.00 2.88 3.86 3.02 3.11 0.76 0.99 2.41 2.03 1.62 2.73
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 6.30 8.12 7.09 6.69 1.63 1.85 4.22 4.62 6.05 6.78
Enterprise Value to EBIT (EV/EBIT)		 0.00 6.69 8.49 7.42 7.00 1.82 2.02 4.47 5.08 7.57 7.68
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 8.45 12.28 8.59 8.29 2.17 2.45 5.58 6.04 9.77 9.74
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 7.20 15.74 7.01 7.69 2.53 2.18 4.90 6.11 7.89 8.62
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 14.37 23.20 12.84 6.04 0.00 1.71 1.52 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage Ratio		 6.97 6.96 6.86 6.70 6.89 7.39 8.21 10.75 12.66 11.68 10.65
Compound Leverage Factor		 6.97 6.96 6.86 6.70 6.89 7.39 8.21 10.54 12.66 10.82 10.17
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 10 8.79 7.46 11 24 -0.80 29 95 -2.14 -8.26 -13
Operating Cash Flow to CapEx		 3,096.38% 2,765.46% 28,187.18% 1,662.13% 1,853.54% 757.03% 7,084.21% 2,361.89% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 2.40 2.11 1.81 2.14 3.25 -0.14 9.44 30.81 -0.10 -0.25 -0.43
Operating Cash Flow to Interest Expense		 4.91 4.21 2.67 3.92 2.55 2.36 7.39 9.57 0.72 0.28 0.60
Operating Cash Flow Less CapEx to Interest Expense		 4.75 4.06 2.66 3.69 2.41 2.05 7.28 9.16 0.72 0.28 0.60
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.04 0.03 0.03 0.03
Fixed Asset Turnover		 5.31 4.91 5.24 5.44 5.30 4.87 5.09 5.98 4.34 3.29 3.20
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 172 178 185 190 184 201 192 123 141 156 185
Invested Capital Turnover		 0.29 0.25 0.25 0.24 0.25 0.24 0.26 0.38 0.35 0.31 0.33
Increase / (Decrease) in Invested Capital		 5.81 6.15 6.63 5.34 -6.51 17 -8.86 -69 18 16 29
Enterprise Value (EV)		 0.00 126 173 139 145 35 50 145 95 75 154
Market Capitalization		 0.00 221 237 195 232 169 189 216 181 183 213
Book Value per Share		 $24.75 $25.62 $26.57 $27.34 $28.31 $30.96 $31.50 $20.63 $23.85 $24.59 $29.05
Tangible Book Value per Share		 $23.86 $24.76 $25.73 $26.50 $27.41 $30.06 $30.54 $19.64 $22.86 $22.61 $27.13
Total Capital		 172 178 185 190 184 201 192 123 141 156 185
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -143 -94 -64 -56 -87 -134 -139 -71 -87 -108 -59
Capital Expenditures (CapEx)		 0.66 0.63 0.04 1.19 1.02 1.82 0.32 1.25 0.00 -0.05 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Depreciation and Amortization (D&A)		 1.87 1.15 0.93 0.87 0.95 2.16 2.32 1.87 1.83 2.47 2.66
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.28 $2.15 $2.03 $2.32 $2.65 $2.48 $0.00 $4.33 $2.66 $1.24 $2.49
Adjusted Weighted Average Basic Shares Outstanding		 6.96M 6.96M 6.96M 6.51M 6.49M 6.39M 6.02M 5.89M 5.89M 6.16M 6.36M
Adjusted Diluted Earnings per Share		 $2.28 $2.15 $2.03 $2.32 $2.65 $2.48 $0.00 $0.00 $2.66 $1.24 $2.49
Adjusted Weighted Average Diluted Shares Outstanding		 6.96M 6.96M 6.96M 6.51M 6.49M 6.39M 6.02M 5.89M 5.89M 6.16M 6.36M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 6.96M 6.96M 6.96M 6.51M 6.49M 6.39M 6.02M 5.89M 5.89M 6.36M 6.37M
Normalized Net Operating Profit after Tax (NOPAT)		 16 15 14 16 17 16 20 26 16 10 16
Normalized NOPAT Margin		 32.84% 34.05% 31.48% 35.18% 37.52% 34.86% 40.51% 43.18% 33.64% 22.15% 28.02%
Pre Tax Income Margin		 42.67% 43.06% 45.53% 40.76% 44.41% 41.54% 48.96% 52.90% 40.04% 19.80% 33.94%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 4.92 4.54 4.94 3.71 2.80 3.28 7.95 10.50 0.87 0.29 0.67
NOPAT to Interest Expense		 3.79 3.59 3.42 3.20 2.37 2.75 6.58 8.41 0.73 0.23 0.53
EBIT Less CapEx to Interest Expense		 4.76 4.38 4.93 3.47 2.66 2.97 7.85 10.10 0.87 0.29 0.67
NOPAT Less CapEx to Interest Expense		 3.63 3.43 3.41 2.96 2.23 2.44 6.47 8.01 0.73 0.23 0.53
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 50.09% 54.02% 57.77% 52.13% 51.71% 55.98% 43.20% 34.51% 94.22% 121.53% 60.73%
Augmented Payout Ratio		 50.09% 54.02% 57.77% 52.13% 157.78% 66.69% 108.72% 58.95% 94.22% 121.53% 60.73%

Quarterly Metrics And Ratios for National Bankshares

This table displays calculated financial ratios and metrics derived from National Bankshares' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 5,891,739.00 5,891,739.00 5,893,782.00 5,893,782.00 6,361,433.00 - 6,363,371.00 6,363,371.00 6,366,001.00 6,366,001.00 6,368,410.00
DEI Adjusted Shares Outstanding		 5,891,739.00 5,891,739.00 5,893,782.00 5,893,782.00 6,361,433.00 - 6,363,371.00 6,363,371.00 6,366,001.00 6,366,001.00 6,368,410.00
DEI Earnings Per Adjusted Shares Outstanding		 0.52 0.71 0.37 -0.05 0.42 - 0.51 0.36 0.69 0.92 0.78
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -26.04% -44.77% -20.55% -7.81% 8.98% 22.43% 22.66% 21.41% 21.24% 32.09% 19.44%
EBITDA Growth		 -47.87% -55.89% -46.38% -95.76% -5.38% -1.17% 44.73% 1,574.40% 51.54% 103.58% 46.38%
EBIT Growth		 -51.14% -58.24% -50.87% -108.08% -12.57% -9.52% 44.95% 885.79% 66.75% 123.83% 54.97%
NOPAT Growth		 -50.11% -55.05% -52.02% -108.70% -12.91% -26.43% 48.85% 774.23% 65.11% 91.00% 53.92%
Net Income Growth		 -50.11% -55.05% -52.02% -107.87% -12.91% -26.43% 48.85% 845.60% 65.11% 91.00% 53.92%
EPS Growth		 -49.51% 0.00% -51.95% -107.58% -19.23% -29.58% 37.84% 820.00% 64.29% 86.00% 52.94%
Operating Cash Flow Growth		 -31.17% -80.49% -11.38% -188.59% -44.56% 147.28% -33.18% 169.88% 94.87% 31.82% 28.60%
Free Cash Flow Firm Growth		 -101.00% -117.42% -117.75% -278.32% -5,650.23% 6.17% -299.35% 16.18% -16.38% -76.61% 38.59%
Invested Capital Growth		 3.50% 14.54% 6.37% 15.98% 44.50% 11.31% 20.01% 13.27% 36.62% 18.22% 12.03%
Revenue Q/Q Growth		 -10.43% -0.20% -2.70% 5.99% 5.88% 12.13% 5.68% 4.91% 5.74% 12.67% -4.43%
EBITDA Q/Q Growth		 -14.49% 32.69% -42.99% -93.45% 1,810.14% 42.08% 7.07% -24.24% 72.88% 45.18% -23.01%
EBIT Q/Q Growth		 -16.89% 37.20% -46.84% -113.34% 998.89% 42.03% 9.55% -27.70% 90.75% 48.17% -24.16%
NOPAT Q/Q Growth		 -21.20% 36.14% -48.05% -115.62% 888.51% 15.06% 5.10% -29.26% 93.10% 33.05% -15.30%
Net Income Q/Q Growth		 -21.20% 36.14% -48.05% -114.12% 971.99% 15.06% 5.10% -29.26% 93.10% 33.05% -15.30%
EPS Q/Q Growth		 -21.21% 36.54% -47.89% -113.51% 940.00% 19.05% 2.00% -29.41% 91.67% 34.78% -16.13%
Operating Cash Flow Q/Q Growth		 69.51% -61.29% 75.26% -177.03% 206.09% 73.38% -52.64% -19.45% 195.84% 16.79% -53.79%
Free Cash Flow Firm Q/Q Growth		 -107.28% -1,502.11% 54.78% -237.90% -134.88% 73.86% -92.49% 29.08% -226.12% 60.33% 33.07%
Invested Capital Q/Q Growth		 -9.60% 21.02% -0.81% 6.87% 12.63% -6.78% 6.95% 0.87% 35.85% -19.33% 1.35%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 38.86% 51.66% 30.27% 1.87% 33.73% 41.70% 35.71% 25.79% 42.16% 54.33% 43.77%
EBIT Margin		 34.32% 47.18% 25.78% -3.24% 27.53% 34.87% 30.46% 20.99% 37.87% 49.79% 39.52%
Profit (Net Income) Margin		 28.58% 38.99% 20.82% -2.77% 22.84% 23.43% 25.26% 17.03% 31.10% 36.73% 32.55%
Tax Burden Percent		 83.28% 82.64% 80.76% 63.30% 82.96% 83.51% 82.93% 86.34% 82.14% 81.32% 82.37%
Interest Burden Percent		 100.00% 100.00% 100.00% 135.10% 100.00% 80.47% 100.00% 93.97% 100.00% 90.71% 100.00%
Effective Tax Rate		 16.72% 17.36% 19.24% 0.00% 17.04% 16.49% 17.07% 13.66% 17.86% 18.68% 17.63%
Return on Invested Capital (ROIC)		 13.86% 13.82% 6.76% -0.95% 7.07% 7.27% 7.86% 5.45% 8.35% 12.15% 10.82%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.35% 12.15% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.20% 0.00% 0.00%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 9.56% 12.15% 0.00%
Cash Return on Invested Capital (CROIC)		 14.80% -1.63% 3.69% -8.21% -30.25% -5.57% -12.52% -5.35% -24.39% -7.43% -1.44%
Operating Return on Assets (OROA)		 1.15% 1.32% 0.68% -0.08% 0.72% 0.93% 0.82% 0.59% 1.13% 1.55% 1.27%
Return on Assets (ROA)		 0.96% 1.09% 0.55% -0.07% 0.59% 0.62% 0.68% 0.48% 0.92% 1.14% 1.05%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 9.56% 12.15% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 17.93% 0.00% 9.57% 6.13% 5.20% 0.00% 5.19% 6.69% 7.27% 0.00% 9.38%
Net Operating Profit after Tax (NOPAT)		 3.07 4.19 2.17 -0.34 2.68 3.08 3.24 2.29 4.42 5.88 4.98
NOPAT Margin		 28.58% 38.99% 20.82% -3.07% 22.84% 23.43% 25.26% 17.03% 31.10% 36.73% 32.55%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 55.67% 49.20% 56.22% 55.32% 56.57% 51.91% 53.88% 49.37% 47.37% 44.14% 49.97%
Operating Expenses to Revenue		 69.13% 61.14% 74.32% 91.48% 72.51% 65.59% 67.39% 78.74% 59.98% 54.17% 60.96%
Earnings before Interest and Taxes (EBIT)		 3.69 5.06 2.69 -0.36 3.23 4.58 3.90 2.82 5.38 7.97 6.05
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 4.18 5.55 3.16 0.21 3.95 5.48 4.58 3.47 5.99 8.70 6.70
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.20 1.29 1.34 1.06 1.08 1.17 0.96 1.03 1.05 1.15 1.24
Price to Tangible Book Value (P/TBV)		 1.27 1.35 1.40 1.16 1.16 1.27 1.04 1.11 1.12 1.24 1.32
Price to Revenue (P/Rev)		 2.53 3.89 4.27 3.68 4.10 3.96 3.36 3.41 3.52 3.78 3.93
Price to Earnings (P/E)		 6.52 11.56 14.06 17.09 20.38 21.88 18.49 14.37 13.59 12.75 12.55
Dividend Yield		 10.58% 8.15% 7.89% 5.63% 5.32% 5.26% 5.99% 5.55% 5.13% 4.50% 4.15%
Earnings Yield		 15.33% 8.65% 7.11% 5.85% 4.91% 4.57% 5.41% 6.96% 7.36% 7.84% 7.97%
Enterprise Value to Invested Capital (EV/IC)		 0.74 0.67 0.48 0.40 0.78 0.48 0.23 0.48 0.85 0.83 0.91
Enterprise Value to Revenue (EV/Rev)		 1.56 2.03 1.51 1.38 2.97 1.62 0.80 1.58 3.66 2.73 2.88
Enterprise Value to EBITDA (EV/EBITDA)		 3.14 4.62 3.73 4.53 10.16 6.05 2.92 4.72 10.25 6.78 6.83
Enterprise Value to EBIT (EV/EBIT)		 3.36 5.08 4.17 5.34 12.30 7.57 3.68 5.64 11.91 7.68 7.64
Enterprise Value to NOPAT (EV/NOPAT)		 4.15 6.04 4.97 6.49 14.97 9.77 4.38 7.11 14.98 9.74 9.66
Enterprise Value to Operating Cash Flow (EV/OCF)		 3.52 6.11 4.41 6.78 21.04 7.89 4.66 6.08 12.07 8.62 9.11
Enterprise Value to Free Cash Flow (EV/FCFF)		 5.11 0.00 13.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.28 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.28 0.00 0.00
Financial Leverage		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.14 0.00 0.00
Leverage Ratio		 14.41 12.66 12.36 12.38 11.90 11.68 11.49 11.38 10.34 10.65 10.33
Compound Leverage Factor		 14.41 12.66 12.36 16.73 11.90 9.40 11.49 10.70 10.34 9.66 10.33
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 21.81% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 21.81% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 78.19% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.63 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.40 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.63 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.84 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.59 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.84 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -0.85 -14 -6.17 -21 -49 -13 -25 -17 -57 -23 -15
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -0.14 -1.94 -0.79 -2.48 -5.31 -1.54 -3.10 -2.32 -7.77 -3.27 -2.40
Operating Cash Flow to Interest Expense		 0.94 0.31 0.49 -0.35 0.34 0.65 0.32 0.27 0.83 1.03 0.52
Operating Cash Flow Less CapEx to Interest Expense		 0.94 0.31 0.49 -0.35 0.34 0.65 0.32 0.27 0.83 1.03 0.52
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 5.20 4.34 4.06 3.24 3.23 3.29 3.31 3.05 2.96 3.20 3.28
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 116 141 139 149 168 156 167 169 229 185 187
Invested Capital Turnover		 0.48 0.35 0.33 0.31 0.31 0.31 0.31 0.32 0.27 0.33 0.33
Increase / (Decrease) in Invested Capital		 3.93 18 8.35 21 52 16 28 20 61 29 20
Enterprise Value (EV)		 86 95 66 59 131 75 38 80 195 154 170
Market Capitalization		 140 181 187 158 180 183 161 173 187 213 232
Book Value per Share		 $19.71 $23.85 $23.65 $25.27 $26.37 $24.59 $26.29 $26.52 $28.15 $29.05 $29.43
Tangible Book Value per Share		 $18.72 $22.86 $22.66 $23.10 $24.38 $22.61 $24.33 $24.57 $26.22 $27.13 $27.52
Total Capital		 116 141 139 149 168 156 167 169 229 185 187
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50 0.00 0.00
Net Debt		 -53 -87 -121 -99 -50 -108 -123 -93 7.70 -59 -62
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 -0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50 0.00 0.00
Total Depreciation and Amortization (D&A)		 0.49 0.48 0.47 0.57 0.73 0.90 0.67 0.65 0.61 0.73 0.65
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.52 $0.71 $0.37 ($0.05) $0.42 $0.50 $0.51 $0.36 $0.70 $0.92 $0.78
Adjusted Weighted Average Basic Shares Outstanding		 5.89M 5.89M 5.89M 6.03M 6.36M 6.16M 6.36M 6.36M 6.36M 6.36M 6.36M
Adjusted Diluted Earnings per Share		 $0.52 $0.71 $0.37 ($0.05) $0.42 $0.50 $0.51 $0.36 $0.69 $0.93 $0.78
Adjusted Weighted Average Diluted Shares Outstanding		 5.89M 5.89M 5.89M 6.03M 6.36M 6.16M 6.36M 6.36M 6.36M 6.36M 6.37M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 5.89M 5.89M 5.89M 6.36M 6.36M 6.36M 6.36M 6.37M 6.37M 6.37M 6.37M
Normalized Net Operating Profit after Tax (NOPAT)		 3.07 4.19 2.56 1.24 2.80 3.10 3.24 2.29 4.42 5.88 4.98
Normalized NOPAT Margin		 28.58% 38.99% 24.56% 11.21% 23.90% 23.59% 25.26% 17.03% 31.10% 36.73% 32.55%
Pre Tax Income Margin		 34.32% 47.18% 25.78% -4.38% 27.53% 28.06% 30.46% 19.72% 37.87% 45.17% 39.52%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.61 0.72 0.35 -0.04 0.35 0.55 0.49 0.37 0.73 1.15 0.96
NOPAT to Interest Expense		 0.51 0.60 0.28 -0.04 0.29 0.37 0.41 0.30 0.60 0.85 0.79
EBIT Less CapEx to Interest Expense		 0.61 0.72 0.35 -0.04 0.35 0.55 0.49 0.37 0.73 1.15 0.96
NOPAT Less CapEx to Interest Expense		 0.51 0.60 0.28 -0.04 0.29 0.37 0.41 0.30 0.60 0.85 0.79
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 71.20% 94.22% 66.70% 97.49% 101.94% 121.53% 106.67% 85.16% 73.76% 60.73% 54.70%
Augmented Payout Ratio		 71.20% 94.22% 66.70% 97.49% 101.94% 121.53% 106.67% 85.16% 73.76% 60.73% 54.70%

Financials Breakdown Chart

Key Financial Trends

National Bankshares (NASDAQ: NKSH) showed a solid start to fiscal 2026, with Q1 earnings improving from the prior quarter and a stronger capital position than a year ago. However, the company’s earnings trend remains below the highs seen in late 2024, and some balance-sheet and cash-flow metrics suggest a bank that is still managing a lot of moving parts, especially on deposits and interest expense.

  • Q1 2026 net income rose to $5.0 million, up from $3.2 million in Q1 2025 and $4.4 million in Q3 2025, showing a rebound in profitability.
  • Return to consistent quarterly profitability continues, with basic EPS of $0.78 in Q1 2026 versus $0.51 a year earlier.
  • Total revenue increased to $15.3 million in Q1 2026 from $12.8 million in Q1 2025.
  • Non-interest income improved sharply year over year to $2.7 million from $2.6 million, helped by stronger other non-interest income.
  • The balance sheet remains large relative to equity, with $1.83 billion in assets and $187.4 million in common equity at quarter-end.
  • Tangible equity trend appears healthier than last year, as total common equity rose from $167.3 million in Q1 2025 to $187.4 million in Q1 2026.
  • Net interest income was $12.6 million in Q1 2026, essentially in line with $12.6 million in Q4 2025, suggesting stabilization after prior volatility.
  • Loan balances were broadly steady, with net loans and leases at $985.7 million in Q1 2026 versus $992.8 million in Q1 2025.
  • The company did not pay common dividends in Q1 2026, versus $0.78 per share in Q4 2025 and $0.73 per share in Q2 2025, which may indicate a temporary pause or reporting timing issue.
  • Profitability is still below the stronger results posted in late 2024, when quarterly net income reached $5.9 million to $6.6 million.
  • Interest expense remains high: Q1 2026 deposit interest expense was $6.3 million, which continues to pressure margins.
  • Other operating expenses remain elevated, and Q1 2026 cash from operations was only $3.3 million, down from $7.1 million in Q4 2025.
  • Cash and due from banks fell to $8.0 million from $14.9 million in Q1 2025, reducing near-term liquidity.
  • Accumulated other comprehensive loss remained large at $(42.2) million, indicating continuing unrealized losses or valuation pressure in the portfolio.

Overall, NKSH looks profitable and reasonably stable, but not especially fast-growing. The latest quarter shows better earnings and improved equity compared with last year, yet the bank still faces margin pressure from deposit costs and carries a meaningful accumulated other comprehensive loss. For retail investors, this looks more like a steady community-bank story than a high-growth one.

07/10/26 02:09 PM ETAI Generated. May Contain Errors.

National Bankshares Financials - Frequently Asked Questions

According to the most recent income statement we have on file, National Bankshares' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

National Bankshares' net income were at $15.83 million at the end of 2025, a 107.6% increase from 2024, and a 0.0% decrease since 2015. View National Bankshares' forecast to see where analysts expect National Bankshares to go next.

Over the last 10 years, National Bankshares' total revenue changed from $48.22 million in 2015 to $56.47 million in 2025, a change of 17.1%.

National Bankshares' total liabilities were at $1.64 billion at the end of 2025, a 0.9% decrease from 2024, and a 59.0% increase since 2015.

In the past 10 years, National Bankshares' cash and equivalents has ranged from $8.42 million in 2025 to $13.97 million in 2016, and is currently $8.42 million as of their latest financial filing in 2025.

Over the last 10 years, National Bankshares' book value per share changed from 24.75 in 2015 to 29.05 in 2025, a change of 17.4%.


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Financial statements for NASDAQ:NKSH last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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