National Bankshares Inc (NKSH) Financial Statements
Industry: National Commercial Banks
In fiscal 2025, National Bankshares reported revenue of $55.6M, up 22.5% from $45.4M the year before. Net income was $15.8M (a 28.5% net margin), or $2.49 per diluted share. Net interest income was $45.6M, and the efficiency ratio (noninterest expense / revenue) was 65.5%. Operating activities generated $17.9M of cash, leaving $15.2M of free cash flow. At fiscal year end, National Bankshares held $1.82B in total assets against $1.64B in total liabilities, including $59.2M of cash and equivalents.
Open the full interactive National Bankshares financials → Quarterly statements, key ratios, valuation history and price charts.
National Bankshares Key Stats
| Share Price | $43.20 |
|---|---|
| Market Cap | $275.1M |
| P/E Ratio | 17.3 |
| Dividend Yield | 3.49% |
| Revenue YoY Growth | +22.5% |
| 52-Week Range | $25.92 – $43.38 |
| Shares Outstanding | 6.4 million (basic, 2026 Q2) |
National Bankshares Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $38.2M | $41.9M | $47.0M | $37.3M | $36.4M | $45.6M |
| Provision for Credit Losses | $2.0M | -$398,000 | $706,000 | -$1.3M | $1.2M | -$16,000 |
| Noninterest Income | $7.9M | $8.4M | $12.4M | $9.4M | $9.0M | $10.0M |
| Noninterest Expense | $25.0M | $26.1M | $27.0M | $29.2M | $35.0M | $36.4M |
| Revenue | $46.1M | $50.3M | $59.4M | $46.6M | $45.4M | $55.6M |
| Pre-Tax Income | $19.2M | $24.6M | $31.8M | $18.7M | $9.1M | $19.2M |
| Income Tax | $3.1M | $4.3M | $5.8M | $3.0M | $1.5M | $3.3M |
| Net Income | $16.1M | $20.4M | $25.9M | $15.7M | $7.6M | $15.8M |
| Diluted EPS | $2.48 | $3.28 | — | $2.66 | $1.24 | $2.49 |
National Bankshares Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $14.2M | $15.3M | $15.3M | $15.7M |
| Net Income | $4.4M | $5.9M | $5.0M | $5.0M |
| Diluted EPS | $0.69 | $0.92 | $0.78 | $0.79 |
National Bankshares Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | — | — | — | — | $108.1M | $59.2M |
| Loans (Net) | $760.3M | $795.6M | $844.5M | — | — | — |
| Total Assets | $1.52B | $1.70B | $1.68B | $1.66B | $1.81B | $1.82B |
| Deposits | $1.30B | $1.49B | $1.54B | $1.50B | $1.64B | $1.63B |
| Total Liabilities | $1.32B | $1.51B | $1.55B | $1.51B | $1.66B | $1.64B |
| Shareholders' Equity | $200.6M | $191.8M | $122.7M | $140.5M | $156.4M | $184.9M |
National Bankshares Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $13.8M | $22.9M | $29.5M | $15.5M | $9.4M | $17.9M |
| Cash From Investing | -$177.6M | -$202.5M | -$129.7M | $53.2M | $15.8M | -$39.2M |
| Cash From Financing | $166.7M | $175.3M | $32.9M | -$53.5M | -$3.7M | -$27.6M |
| Free Cash Flow | $12.0M | $22.6M | $28.2M | $14.0M | $6.2M | $15.2M |
| Dividends Paid | $9.0M | $8.8M | $8.9M | $14.8M | $9.3M | $9.6M |
Figures from National Bankshares' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full National Bankshares financials page for every line item.
National Bankshares Company Profile
| Ticker | NKSH |
|---|---|
| Exchange | Nasdaq |
| Industry | National Commercial Banks |
| Headquarters | Blacksburg, Virginia |
| Incorporated in | Virginia |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000796534 |
Frequently Asked Questions
What was National Bankshares' revenue in fiscal 2025?
National Bankshares (NKSH) reported revenue of $55.6M for fiscal 2025.
What is National Bankshares' annual revenue history?
National Bankshares' annual revenue by fiscal year: 2020: $46.1M; 2021: $50.3M; 2022: $59.4M; 2023: $46.6M; 2024: $45.4M; 2025: $55.6M.
What was National Bankshares' net income in fiscal 2025?
National Bankshares reported net income of $15.8M for fiscal 2025.
What was National Bankshares' earnings per share (EPS) in fiscal 2025?
National Bankshares' diluted EPS was $2.49 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did National Bankshares generate in fiscal 2025?
National Bankshares generated $15.2M of free cash flow in fiscal 2025.
What was National Bankshares' revenue last quarter?
In its most recent reported quarter (2026 Q2), National Bankshares reported revenue of $15.7M.
How many shares of National Bankshares are outstanding?
National Bankshares reported a weighted average of 6.4 million basic shares outstanding in 2026 Q2.
What is National Bankshares' market cap?
Based on its latest closing price, National Bankshares (NKSH) has a market capitalization of about $275.1M.
When does National Bankshares' fiscal year end?
National Bankshares' fiscal year end, as registered with the SEC, is December 31.
Where is National Bankshares headquartered?
National Bankshares lists its business address in Blacksburg, Virginia in its SEC filings.