National Bankshares Inc Va Financials

NKSH

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows National Bankshares Inc Va (NKSH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 41/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

National Bankshares Inc Va's revenue grew 5.7% year-over-year to $7.5M, a solid pace of expansion. This earns a growth score of 45/100.

Leverage

National Bankshares Inc Va has elevated debt relative to equity (D/E of 10.58), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

100

National Bankshares Inc Va converts 82.7% of revenue into free cash flow ($6.2M). This strong cash generation earns a score of 100/100.

Returns

National Bankshares Inc Va generates a 4.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 19/100. This is down from 11.2% the prior year.

Piotroski F-Score Weak

3/9

National Bankshares Inc Va passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.24x

For every $1 of reported earnings, National Bankshares Inc Va generates $1.24 in operating cash flow ($9.4M OCF vs $7.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Revenue

$7.5M

YoY+5.7%

5Y CAGR+4.0%

10Y CAGR-16.2%

National Bankshares Inc Va generated $7.5M in revenue in fiscal year 2024. This represents an increase of 5.7% from the prior year.

EBITDA

N/A

Free Cash Flow

$6.2M

YoY-55.9%

5Y CAGR-19.1%

10Y CAGR-11.0%

National Bankshares Inc Va generated $6.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 55.9% from the prior year.

Net Income

$7.6M

YoY-51.4%

5Y CAGR-15.3%

10Y CAGR-7.7%

National Bankshares Inc Va reported $7.6M in net income in fiscal year 2024. This represents a decrease of 51.4% from the prior year.

EPS (Diluted)

$1.24

YoY-53.4%

5Y CAGR-14.1%

10Y CAGR-6.5%

National Bankshares Inc Va earned $1.24 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 53.4% from the prior year.

Cash & Debt

$108.1M

YoY+24.8%

National Bankshares Inc Va held $108.1M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.51

YoY-39.8%

5Y CAGR+1.7%

10Y CAGR+2.9%

National Bankshares Inc Va paid $1.51 per share in dividends in fiscal year 2024. This represents a decrease of 39.8% from the prior year.

Shares Outstanding

YoY+8.0%

5Y CAGR-0.4%

10Y CAGR-0.9%

National Bankshares Inc Va had 6M shares outstanding in fiscal year 2024. This represents an increase of 8.0% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

102.0%

YoY-119.9pp

5Y CAGR-181.8pp

10Y CAGR+63.5pp

National Bankshares Inc Va's net profit margin was 102.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 119.9 percentage points from the prior year.

Return on Equity

4.9%

YoY-6.3pp

5Y CAGR-4.6pp

10Y CAGR-5.3pp

National Bankshares Inc Va's ROE was 4.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 6.3 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$3.3M

YoY+118.2%

5Y CAGR+25.8%

10Y CAGR+21.6%

National Bankshares Inc Va invested $3.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 118.2% from the prior year.

NKSH Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$7.5M+5.7%	$7.1M+1.1%	$7.0M+5.1%	$6.7M+17.7%	$5.7M-8.1%	$6.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$33.7M+56.5%	$21.6M+599.0%	$3.1M-92.6%	$41.9M+617.6%	$5.8M-20.9%	$7.4M
Income Tax	$1.5M-49.8%	$3.0M-48.8%	$5.8M+37.2%	$4.3M+38.2%	$3.1M-4.2%	$3.2M
Net Income	$7.6M-51.4%	$15.7M-39.5%	$25.9M+27.2%	$20.4M+26.8%	$16.1M-8.0%	$17.5M
EPS (Diluted)	$1.24-53.4%	$2.66-38.6%	$4.33	N/A	$2.48-6.4%	$2.65

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$2.1M+8.2%	$1.9M-10.6%	$2.1M+15.0%	$1.9M+2.3%	$1.8M-4.0%	$1.9M+11.8%	$1.7M-7.2%	$1.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$7.3M-2.8%	$7.5M-5.0%	$7.9M-4.4%	$8.3M-1.2%	$8.4M+8.3%	$7.8M+10.6%	$7.0M+16.5%	$6.0M
Income Tax	$961K+165.5%	$362K-45.6%	$666K+9.4%	$609K+442.1%	-$178K-134.4%	$518K-41.1%	$879K+42.5%	$617K
Net Income	$4.4M+93.1%	$2.3M-29.3%	$3.2M+5.1%	$3.1M+1102.9%	-$307K-114.1%	$2.2M-48.1%	$4.2M+36.1%	$3.1M
EPS (Diluted)	$0.69+91.7%	$0.36-29.4%	$0.51+2.0%	$0.50+1100.0%	$-0.05-113.5%	$0.37-47.9%	$0.71+36.5%	$0.52

NKSH Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.8B+9.4%	$1.7B-1.3%	$1.7B-1.4%	$1.7B+12.0%	$1.5B+15.0%	$1.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$108.1M+24.8%	$86.6M	N/A	N/A	N/A	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$10.7M+83.3%	$5.8M0.0%	$5.8M0.0%	$5.8M0.0%	$5.8M0.0%	$5.8M
Total Liabilities	$1.7B+9.3%	$1.5B-2.6%	$1.6B+2.9%	$1.5B+14.5%	$1.3B+15.9%	$1.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$156.4M+11.3%	$140.5M+14.5%	$122.7M-36.0%	$191.8M-4.4%	$200.6M+9.2%	$183.7M
Retained Earnings	$196.3M-0.8%	$198.0M-0.6%	$199.1M+5.8%	$188.2M-0.7%	$189.5M+2.9%	$184.1M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$1.8B-0.2%	$1.8B-1.6%	$1.8B+1.3%	$1.8B+0.1%	$1.8B+7.1%	$1.7B+2.0%	$1.7B+4.0%	$1.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$42.3M-54.4%	$92.8M-24.2%	$122.5M+13.3%	$108.1M+9.3%	$98.9M-18.4%	$121.2M+39.9%	$86.6M	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$10.7M0.0%	$10.7M0.0%	$10.7M0.0%	$10.7M-0.1%	$10.7M+83.5%	$5.8M0.0%	$5.8M0.0%	$5.8M
Total Liabilities	$1.6B-0.9%	$1.6B-1.8%	$1.7B+0.8%	$1.7B-0.3%	$1.7B+7.1%	$1.5B+2.3%	$1.5B+2.6%	$1.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$179.2M+6.2%	$168.7M+0.9%	$167.3M+6.9%	$156.4M+5.0%	$149.0M+6.9%	$139.4M-0.8%	$140.5M+21.0%	$116.1M
Retained Earnings	$201.6M+2.2%	$197.2M-1.2%	$199.6M+1.6%	$196.3M+0.4%	$195.5M-2.3%	$200.2M+1.1%	$198.0M-0.2%	$198.4M

NKSH Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$9.4M-39.2%	$15.5M-47.4%	$29.5M+28.9%	$22.9M+65.9%	$13.8M-26.8%	$18.8M
Capital Expenditures	$3.3M+118.2%	$1.5M+18.6%	$1.3M+289.5%	$323K-82.3%	$1.8M+76.7%	$1.0M
Free Cash Flow	$6.2M-55.9%	$14.0M-50.3%	$28.2M+25.2%	$22.6M+88.5%	$12.0M-32.8%	$17.8M
Investing Cash Flow	$15.8M-70.3%	$53.2M+141.0%	-$129.7M+32.9%	-$193.2M-8.8%	-$177.6M-188.0%	-$61.7M
Financing Cash Flow	-$3.7M+93.1%	-$53.5M-263.0%	$32.9M-81.3%	$175.3M+5.2%	$166.7M+314.0%	$40.3M
Dividends Paid	$9.3M-37.3%	$14.8M+65.2%	$8.9M+1.6%	$8.8M-2.2%	$9.0M-0.4%	$9.0M
Share Buybacks	N/A	$0-100.0%	$6.3M-52.5%	$13.4M+675.5%	$1.7M-90.7%	$18.5M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$6.1M+195.8%	$2.1M-19.4%	$2.6M-52.6%	$5.4M+283.2%	-$3.0M-177.0%	$3.8M+75.3%	$2.2M-61.3%	$5.7M
Capital Expenditures	$800K+47.3%	$543K-43.6%	$963K+0.9%	$954K-6.1%	$1.0M+222.5%	$315K+38.2%	$228K	N/A
Free Cash Flow	$5.3M+248.8%	$1.5M-4.9%	$1.6M-64.1%	$4.5M+212.3%	-$4.0M-212.7%	$3.5M+79.6%	$2.0M	N/A
Investing Cash Flow	-$40.9M-1453.0%	$3.0M+375.0%	-$1.1M-106.8%	$16.2M+27.7%	$12.7M+509.1%	-$3.1M+9.1%	-$3.4M-1307.9%	-$242K
Financing Cash Flow	-$15.8M+54.6%	-$34.8M-368.5%	$12.9M-64.8%	$36.8M+214.8%	-$32.0M-194.6%	$33.8M-1.6%	$34.4M+256.0%	-$22.0M
Dividends Paid	$0	N/A	N/A	$5.0M+15.3%	$4.3M	$0-100.0%	$4.6M	$0
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0

NKSH Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	102.0%-119.9pp	221.9%-148.9pp	370.8%+64.4pp	306.4%+22.0pp	284.4%+0.5pp	283.8%
Return on Equity	4.9%-6.3pp	11.2%-10.0pp	21.1%+10.5pp	10.6%+2.6pp	8.0%-1.5pp	9.5%
Return on Assets	0.4%-0.5pp	0.9%-0.6pp	1.6%+0.3pp	1.2%+0.1pp	1.1%-0.3pp	1.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.58-0.2	10.78-1.9	12.67+4.8	7.88+1.3	6.58+0.4	6.19
FCF Margin	82.7%-115.7pp	198.4%-205.4pp	403.8%+64.7pp	339.1%+127.4pp	211.7%-77.6pp	289.2%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	212.7%+93.5pp	119.2%-31.4pp	150.6%-14.2pp	164.7%+181.5pp	-16.8%-131.0pp	114.2%-131.6pp	245.9%+78.4pp	167.5%
Return on Equity	2.5%+1.1pp	1.4%-0.6pp	1.9%-0.0pp	2.0%	N/A	1.6%-1.4pp	3.0%+0.3pp	2.6%
Return on Assets	0.3%+0.1pp	0.1%-0.1pp	0.2%+0.0pp	0.2%+0.2pp	-0.0%-0.1pp	0.1%-0.1pp	0.3%+0.1pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	9.06-0.6	9.71-0.3	9.97-0.6	10.58-0.6	11.15+0.0	11.12+0.3	10.78-1.9	12.71
FCF Margin	255.8%+176.4pp	79.3%+4.7pp	74.6%-164.2pp	238.8%+456.4pp	-217.5%-402.8pp	185.2%+69.9pp	115.3%	N/A

Similar Companies

Eagle Finl Svcs Inc EFSI

$208.6M

First Savings FSFG

$238.4M

Meridian Corp MRBK

$239.9M

Virginia Natl Bankshares Corp VABK

$215.2M

Princeton Bancorp, Inc. BPRN

$241.7M

Frequently Asked Questions

What is National Bankshares Inc Va's annual revenue?

National Bankshares Inc Va (NKSH) reported $7.5M in total revenue for fiscal year 2024. This represents a 5.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is National Bankshares Inc Va's revenue growing?

National Bankshares Inc Va (NKSH) revenue grew by 5.7% year-over-year, from $7.1M to $7.5M in fiscal year 2024.

Is National Bankshares Inc Va profitable?

Yes, National Bankshares Inc Va (NKSH) reported a net income of $7.6M in fiscal year 2024, with a net profit margin of 102.0%.

What is National Bankshares Inc Va's earnings per share (EPS)?

National Bankshares Inc Va (NKSH) reported diluted earnings per share of $1.24 for fiscal year 2024. This represents a -53.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is National Bankshares Inc Va's net profit margin?

National Bankshares Inc Va (NKSH) had a net profit margin of 102.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does National Bankshares Inc Va pay dividends?

Yes, National Bankshares Inc Va (NKSH) paid $1.51 per share in dividends during fiscal year 2024.

What is National Bankshares Inc Va's return on equity (ROE)?

National Bankshares Inc Va (NKSH) has a return on equity of 4.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is National Bankshares Inc Va's free cash flow?

National Bankshares Inc Va (NKSH) generated $6.2M in free cash flow during fiscal year 2024. This represents a -55.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is National Bankshares Inc Va's operating cash flow?

National Bankshares Inc Va (NKSH) generated $9.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are National Bankshares Inc Va's total assets?

National Bankshares Inc Va (NKSH) had $1.8B in total assets as of fiscal year 2024, including both current and long-term assets.

What are National Bankshares Inc Va's capital expenditures?

National Bankshares Inc Va (NKSH) invested $3.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does National Bankshares Inc Va have outstanding?

National Bankshares Inc Va (NKSH) had 6M shares outstanding as of fiscal year 2024.

What is National Bankshares Inc Va's debt-to-equity ratio?

National Bankshares Inc Va (NKSH) had a debt-to-equity ratio of 10.58 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is National Bankshares Inc Va's return on assets (ROA)?

National Bankshares Inc Va (NKSH) had a return on assets of 0.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is National Bankshares Inc Va's Piotroski F-Score?

National Bankshares Inc Va (NKSH) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are National Bankshares Inc Va's earnings high quality?

National Bankshares Inc Va (NKSH) has an earnings quality ratio of 1.24x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is National Bankshares Inc Va?

National Bankshares Inc Va (NKSH) scores 41 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.