National Bankshares Inc Va Financials
National Bankshares Inc Va (NKSH) reported $8.2M in revenue for fiscal year 2025, up 9.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Balance-sheet efficiency rather than growth drove FY2025, with stronger earnings on roughly the same asset base.
FY2025’s rebound did not come from a larger balance sheet: assets stayed near$1.8B while net income climbed to$15.8M . At the same time, ROA nearly doubled to0.9% , which suggests the earnings recovery came from better asset productivity rather than simple size, while leverage also became a bit less intense.
Cash conversion was cleaner in FY2025: operating cash flow reached
Liquidity deployment is visible in the cash line: cash dropped from
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of National Bankshares Inc Va's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
National Bankshares Inc Va passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, National Bankshares Inc Va generates $1.13 in operating cash flow ($17.9M OCF vs $15.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
National Bankshares Inc Va generated $8.2M in revenue in fiscal year 2025. This represents an increase of 9.8% from the prior year.
National Bankshares Inc Va reported $15.8M in net income in fiscal year 2025. This represents an increase of 107.6% from the prior year.
National Bankshares Inc Va earned $2.49 per diluted share (EPS) in fiscal year 2025. This represents an increase of 100.8% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
National Bankshares Inc Va generated $15.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 145.1% from the prior year.
National Bankshares Inc Va held $59.3M in cash as of fiscal year 2025; long-term debt is not reported for that period.
National Bankshares Inc Va paid $1.51 per share in dividends in fiscal year 2025. That is unchanged from the prior year.
Margins & Returns
National Bankshares Inc Va's ROE was 8.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.7 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
National Bankshares Inc Va invested $2.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 15.9% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
NKSH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.5M | $8.2M+9.8% | $7.4M+5.3% | $7.1M+1.1% | $7.0M+5.1% | $6.7M+17.7% | $5.7M-8.1% | $6.2M-1.8% | $6.3M+2.5% | $6.1M+13.0% | $5.4M-87.4% | $42.9M-2.3% | $43.9M-3.8% | $45.7M-5.9% | $48.5M-2.9% | $49.9M |
| SG&A Expenses | $22.1M | $20.9M+8.7% | $19.2M+10.8% | $17.3M+4.8% | $16.5M+4.9% | $15.7M+7.3% | $14.7M-1.6% | $14.9M+2.9% | $14.5M+6.1% | $13.7M+7.8% | $12.7M+1.3% | $12.5M+7.9% | $11.6M-2.5% | $11.9M-0.8% | $12.0M+5.7% | $11.4M |
| Interest Expense | $27.0M | $29.8M-11.8% | $33.7M+56.5% | $21.6M+599.0% | $3.1M-92.6% | $41.9M+617.6% | $5.8M-20.9% | $7.4M+46.2% | $5.0M+22.4% | $4.1M-88.8% | $36.8M-5.1% | $38.7M-0.8% | $39.0M-1.7% | $39.7M-2.3% | $40.6M-0.3% | $40.8M |
| Income Tax | $4.4M | $3.3M+122.8% | $1.5M-49.8% | $3.0M-48.8% | $5.8M+37.2% | $4.3M+38.2% | $3.1M-4.2% | $3.2M+25.4% | $2.6M-59.3% | $6.3M+59.2% | $4.0M-16.6% | $4.7M-8.5% | $5.2M-2.6% | $5.3M+1.4% | $5.2M0.0% | $5.2M |
| Net Income | $20.3M | $15.8M+107.6% | $7.6M-51.4% | $15.7M-39.5% | $25.9M+27.2% | $20.4M+26.8% | $16.1M-8.0% | $17.5M+8.1% | $16.2M+14.6% | $14.1M-5.7% | $14.9M-5.6% | $15.8M-6.4% | $16.9M-4.9% | $17.8M+0.2% | $17.7M+0.6% | $17.6M |
| EPS (Diluted) | — | $2.49+100.8% | $1.24-53.4% | $2.66-38.6% | $4.33 | N/A | $2.48-6.4% | $2.65+14.2% | $2.32+14.3% | $2.03-5.6% | $2.15-5.7% | $2.28-6.2% | $2.43-4.7% | $2.550.0% | $2.55+0.4% | $2.54 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
NKSH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.8B+0.7% | $1.8B+9.4% | $1.7B-1.3% | $1.7B-1.4% | $1.7B+12.0% | $1.5B+15.0% | $1.3B+5.2% | $1.3B-0.1% | $1.3B+1.8% | $1.2B+2.5% | $1.2B+4.2% | $1.2B+4.0% | $1.1B+0.6% | $1.1B+3.5% | $1.1B |
| Cash & Equivalents | $59.3M-45.2% | $108.1M+24.8% | $86.6M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $14.8M+24.3% | $11.9M |
| Goodwill | $10.7M0.0% | $10.7M+83.3% | $5.8M0.0% | $5.8M0.0% | $5.8M0.0% | $5.8M0.0% | $5.8M0.0% | $5.8M0.0% | $5.8M0.0% | $5.8M0.0% | $5.8M0.0% | $5.8M0.0% | $5.8M0.0% | $5.8M0.0% | $5.8M |
| Total Liabilities | $1.6B-0.9% | $1.7B+9.3% | $1.5B-2.6% | $1.6B+2.9% | $1.5B+14.5% | $1.3B+15.9% | $1.1B+6.8% | $1.1B-0.6% | $1.1B+1.5% | $1.1B+2.4% | $1.0B+4.3% | $988.4M+2.5% | $964.7M+1.1% | $954.3M+3.1% | $925.8M |
| Total Equity | $184.9M+18.2% | $156.4M+11.3% | $140.5M+14.5% | $122.7M-36.0% | $191.8M-4.4% | $200.6M+9.2% | $183.7M-3.4% | $190.2M+2.9% | $184.9M+3.7% | $178.3M+3.6% | $172.1M+3.5% | $166.3M+14.0% | $145.9M-2.8% | $150.1M+6.2% | $141.3M |
| Retained Earnings | $202.6M+3.2% | $196.3M-0.8% | $198.0M-0.6% | $199.1M+5.8% | $188.2M-0.7% | $189.5M+2.9% | $184.1M-4.9% | $193.6M+4.2% | $185.9M+4.3% | $178.2M+4.0% | $171.4M+4.9% | $163.3M+5.9% | $154.2M+6.9% | $144.2M+7.6% | $133.9M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Long-Term Debt.
NKSH Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $20.1M | $17.9M+89.6% | $9.4M-39.2% | $15.5M-47.4% | $29.5M+28.9% | $22.9M+65.9% | $13.8M-26.8% | $18.8M-4.9% | $19.8M+80.1% | $11.0M-37.3% | $17.5M-14.6% | $20.5M+0.9% | $20.3M-16.8% | $24.4M+7.7% | $22.7M+16.7% | $19.5M |
| Capital Expenditures | $1.7M | $2.7M-15.9% | $3.3M+118.2% | $1.5M+18.6% | $1.3M+289.5% | $323K-82.3% | $1.8M+76.7% | $1.0M-13.4% | $1.2M+356.3% | $261K-58.8% | $634K-4.4% | $663K+44.4% | $459K+66.3% | $276K-64.1% | $769K+6.1% | $725K |
| Free Cash Flow | $18.4M | $15.2M+145.1% | $6.2M-55.9% | $14.0M-50.3% | $28.2M+25.2% | $22.6M+88.5% | $12.0M-32.8% | $17.8M-4.3% | $18.6M+73.4% | $10.7M-36.5% | $16.9M-14.9% | $19.9M-0.1% | $19.9M-17.8% | $24.2M+10.2% | $21.9M+17.1% | $18.7M |
| Investing Cash Flow | -$50.3M | -$39.2M-348.2% | $15.8M-70.3% | $53.2M+141.0% | -$129.7M+32.9% | -$193.2M-8.8% | -$177.6M-188.0% | -$61.7M-1599.6% | -$3.6M+82.0% | -$20.2M+37.3% | -$32.2M+35.5% | -$49.9M | N/A | N/A | -$39.7M+12.3% | -$45.3M |
| Financing Cash Flow | -$8.0M | -$27.6M-643.4% | -$3.7M+93.1% | -$53.5M-263.0% | $32.9M-81.3% | $175.3M+5.2% | $166.7M+314.0% | $40.3M+348.3% | -$16.2M-298.9% | $8.2M-50.6% | $16.5M-42.4% | $28.7M | N/A | N/A | $19.9M-28.6% | $27.9M |
| Dividends Paid | N/A | $9.6M+3.7% | $9.3M-37.3% | $14.8M+65.2% | $8.9M+1.6% | $8.8M-2.2% | $9.0M-0.4% | $9.0M+7.3% | $8.4M+3.4% | $8.1M+0.9% | $8.1M+1.8% | $7.9M+1.0% | $7.9M+0.9% | $7.8M+1.9% | $7.6M+10.1% | $6.9M |
| Share Buybacks | N/A | N/A | N/A | $0-100.0% | $6.3M-52.5% | $13.4M+675.5% | $1.7M-90.7% | $18.5M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
NKSH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 193.6% | 102.4% | 221.9% | 370.8% | 306.4% | 284.4% | 283.8% | 257.8% | 230.5% | 276.1% | 36.9%-1.6pp | 38.5%-0.5pp | 39.0%+2.4pp | 36.6%+1.3pp | 35.3% |
| Return on Equity | 8.6%+3.7pp | 4.9%-6.3pp | 11.2%-10.0pp | 21.1%+10.5pp | 10.6%+2.6pp | 8.0%-1.5pp | 9.5%+1.0pp | 8.5%+0.9pp | 7.6%-0.8pp | 8.4%-0.8pp | 9.2%-1.0pp | 10.2%-2.0pp | 12.2%+0.4pp | 11.8%-0.7pp | 12.5% |
| Return on Assets | 0.9%+0.4pp | 0.4%-0.5pp | 0.9%-0.6pp | 1.6%+0.3pp | 1.2%+0.1pp | 1.1%-0.3pp | 1.3%0.0pp | 1.3%+0.2pp | 1.1%-0.1pp | 1.2%-0.1pp | 1.3%-0.1pp | 1.5%-0.1pp | 1.6%0.0pp | 1.6%0.0pp | 1.7% |
| Debt-to-Equity | 8.87-1.7x | 10.58-0.2x | 10.78-1.9x | 12.67+4.8x | 7.88+1.3x | 6.58+0.4x | 6.19+0.6x | 5.60-0.2x | 5.80-0.1x | 5.92-0.1x | 5.990.0x | 5.94-0.7x | 6.61+0.3x | 6.36-0.2x | 6.55 |
| FCF Margin | 185.3% | 83.0% | 198.4% | 403.8% | 339.1% | 211.7% | 289.2% | 296.9% | 175.5% | 312.3% | 46.3%+1.0pp | 45.2%-7.7pp | 52.9%+7.7pp | 45.2%+7.7pp | 37.5% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.
