logo
Twitter
Discord
Email
logo
National Bankshares, Inc.

National Bankshares, Inc.

NASDAQ•NKSH
CEO: Mr. F. Brad Denardo
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1999-12-01
National Bankshares, Inc. operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking products and services to individuals, businesses, non-profits, and local governments. The company accepts interest-bearing and non-interest-bearing demand deposit accounts, money market deposit accounts, savings accounts, certificates of deposit, health savings accounts, and individual retirement accounts. Its loan products include commercial and agricultural, commercial real estate, residential real estate, home equity, and various consumer loan products, as well as loans for the construction of commercial and residential properties. The company also provides business and consumer debit and credit cards; letters of credit, night depository services, safe deposit boxes, utility payment services, and automatic funds transfer; wealth management, trust, and estate services; non-deposit investment and insurance products; and telephone, mobile, and Internet banking services. The company was founded in 1891 and is headquartered in Blacksburg, Virginia.
Contact Information
101 Hubbard Street, Blacksburg, VA, 24062-9002, United States
540-951-6300
www.nationalbankshares.com/overview/default.aspx
Market Cap
$218.48M
P/E (TTM)
25.4
15.1
Dividend Yield
4.4%
52W High
$35.00
52W Low
$23.75
52W Range
94%
Rank35Top 29.9%
4.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$0.00-100.00%
4-Quarter Trend

EPS

$0.69+64.29%
4-Quarter Trend

FCF

$7.62M+253.81%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Net Income Jump Net Income for nine months reached $9.945M, significantly increasing from $4.544M in 2024, aided by margin expansion.
Strong NIM Expansion FTE Net Interest Margin improved to 2.57% (9 months) from 2.14% in 2024, driven by higher asset yields and lower funding costs.
Robust Capital Position Common Equity Tier 1 Ratio strengthened to 16.55% as of September 30, 2025, well above required regulatory minimums.
Organic Loan Growth Net loans increased 2.88% to $1.006B since December 31, 2024, reflecting successful organic growth across the portfolio.

Risk Factors

Deposit Base Contraction Total deposits fell 5.04% from year-end 2024, primarily due to an $71.201M decrease in interest-bearing demand deposits.
Rising Bankruptcy Filings Business and personal bankruptcy filings increased compared to year-end 2024, heightening overall credit risk concerns.
Asset Quality Indicators Total high-risk loans increased from December 31, 2024 levels, although the overall NPL ratio remained stable at 0.20%.
Interest Rate Environment Future Federal Reserve actions remain a key uncertainty impacting margins and the fair value of financial instruments.

Outlook

Efficiency Improvement Realized Core system conversion completed in Q2 2025 is expected to provide greater efficiency and product offerings moving forward.
Liquidity Management Strategy Company maintains substantial borrowing capacity ($260.395M FHLB) and manages loan-to-deposit ratio near target range (65.07%).
Credit Loss Assessment Prudent Management determined the Allowance for Credit Losses on Loans ($10.579M) is reasonable based on current economic factors.
Yield Optimization Strategy Q3 2025 borrowings were used to purchase securities, aiming to optimize net interest margin in the expected lower rate environment.

Peer Comparison

Revenue (TTM)

First Internet BancorpINBK
$320.94M
+2.4%
MainStreet Bancshares, Inc.MNSB
$138.62M
+2.0%
LCNB Corp.LCNB
$126.62M
+6.0%

Gross Margin (Latest Quarter)

LCNB Corp.LCNB
73.8%
+10.6pp
Hawthorn Bancshares, Inc.HWBK
70.5%
+6.7pp
Ames National CorporationATLO
65.4%
+8.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FRAF$238.06M15.310.1%9.4%
LCNB$236.78M10.09.0%5.0%
FXNC$231.49M40.43.3%1.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
N/M
Revenue Volatile
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 22, 2026
|
EPS:$0.68
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 13, 2025|
    Revenue: $0.00-100.0%
    |
    EPS: $0.69+64.3%
    N/A

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 13, 2025|
    Revenue: $20.82M+7.5%
    |
    EPS: $0.36-807.3%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 14, 2025|
    Revenue: $20.76M+13.9%
    |
    EPS: $0.51+37.8%
    Meet

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 28, 2025|
    Revenue: $79.08M+16.0%
    |
    EPS: $1.24-53.4%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 13, 2024|
    Revenue: $20.94M+24.7%
    |
    EPS: $0.42-19.2%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 14, 2024|
    Revenue: $19.36M+11.4%
    |
    EPS: $-0.05-107.7%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 15, 2024|
    Revenue: $18.22M+12.2%
    |
    EPS: $0.37-51.9%
    Meet

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 19, 2024|
    Revenue: $68.19M+9.1%
    |
    EPS: $2.66-38.6%
    Beat