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

National Bankshares Inc Va (NKSH) reported diluted earnings per share of $2.49 for fiscal year 2025. This represents a 100.8% 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.

National Bankshares Inc Va Financials

NKSH

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 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 17 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).

Rhea AI NKSH FY2025 2026-05-13

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 to 0.9%, 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 $17.9M against capex of just $2.7M, so reported earnings were not being absorbed by heavy physical reinvestment. That pushed free cash flow back above the $9.6M dividend after FY2024 had fallen short, a useful sign that profit and cash moved back into closer alignment.

Liquidity deployment is visible in the cash line: cash dropped from $108.1M to $59.3M even as equity increased, implying funds were being put to work inside the balance sheet rather than left idle. With debt-to-equity down to 8.9x, FY2025 ended with less excess cash on hand but a somewhat thicker capital cushion behind the same franchise.

Financial Health Signals

Financial Profile 29/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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.

Growth

National Bankshares Inc Va's revenue grew 9.8% year-over-year to $8.2M, a solid pace of expansion. This earns a growth score of 46/100.

Leverage

National Bankshares Inc Va has elevated debt relative to equity (D/E of 8.87), 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 185.3% of revenue into free cash flow ($15.2M). This strong cash generation earns a score of 100/100.

Returns

National Bankshares Inc Va generates a 8.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 29/100. This is up from 4.9% the prior year.

Piotroski F-Score Neutral

5/9

National Bankshares Inc Va passes 5 of 9 financial strength tests. 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.

Earnings Quality Cash-Backed

1.13x

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

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Earnings & Revenue

Revenue

$8.2M

YoY+9.8%

5Y CAGR+7.7%

10Y CAGR-15.3%

National Bankshares Inc Va generated $8.2M in revenue in fiscal year 2025. This represents an increase of 9.8% from the prior year.

EBITDA

N/A

Net Income

$15.8M

YoY+107.6%

5Y CAGR-0.3%

10Y CAGR-0.0%

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.

EPS (Diluted)

$2.49

YoY+100.8%

5Y CAGR+0.1%

10Y CAGR+0.9%

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.

Cash & Balance Sheet

Free Cash Flow

$15.2M

YoY+145.1%

5Y CAGR+4.8%

10Y CAGR-2.7%

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.

Cash & Debt

$59.3M

YoY-45.2%

National Bankshares Inc Va held $59.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.51

YoY+0.0%

5Y CAGR+1.7%

10Y CAGR+2.9%

National Bankshares Inc Va paid $1.51 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

YoY+0.1%

5Y CAGR-0.2%

10Y CAGR-0.9%

National Bankshares Inc Va had 6M shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

193.6%

YoY+91.2pp

5Y CAGR-90.8pp

10Y CAGR+156.7pp

National Bankshares Inc Va's net profit margin was 193.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 91.2 percentage points from the prior year.

Return on Equity

8.6%

YoY+3.7pp

5Y CAGR+0.5pp

10Y CAGR-0.6pp

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.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$2.7M

YoY-15.9%

5Y CAGR+8.5%

10Y CAGR+15.2%

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.

NKSH Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$8.2M+9.8%	$7.4M+5.3%	$7.1M+1.1%	$7.0M+5.1%	$6.7M+17.7%	$5.7M
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	$20.9M+8.7%	$19.2M+10.8%	$17.3M+4.8%	$16.5M+4.9%	$15.7M+7.3%	$14.7M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$29.8M-11.8%	$33.7M+56.5%	$21.6M+599.0%	$3.1M-92.6%	$41.9M+617.6%	$5.8M
Income Tax	$3.3M+122.8%	$1.5M-49.8%	$3.0M-48.8%	$5.8M+37.2%	$4.3M+38.2%	$3.1M
Net Income	$15.8M+107.6%	$7.6M-51.4%	$15.7M-39.5%	$25.9M+27.2%	$20.4M+26.8%	$16.1M
EPS (Diluted)	$2.49+100.8%	$1.24-53.4%	$2.66-38.6%	$4.33	N/A	$2.48

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$2.2M+8.0%	$2.0M-1.6%	$2.1M+8.2%	$1.9M-9.9%	$2.1M+15.8%	$1.8M-1.8%	$1.9M+2.6%	$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	$5.8M+8.8%	$5.4M+4.8%	$5.1M-1.7%	$5.2M+0.4%	$5.2M+2.1%	$5.1M+2.5%	$5.0M+5.7%	$4.7M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$6.3M-8.7%	$6.9M-5.6%	$7.3M-2.8%	$7.5M-5.0%	$7.9M-4.4%	$8.3M-9.8%	$9.2M+9.5%	$8.4M
Income Tax	$1.1M-21.1%	$1.4M+40.6%	$961K+165.5%	$362K-45.6%	$666K+9.4%	$609K+10.7%	$550K+409.0%	-$178K
Net Income	$5.0M-15.3%	$5.9M+33.1%	$4.4M+93.1%	$2.3M-29.3%	$3.2M+5.1%	$3.1M+15.0%	$2.7M+972.0%	-$307K
EPS (Diluted)	$0.78	N/A	$0.69+91.7%	$0.36-29.4%	$0.51	N/A	$0.42+940.0%	$-0.05

NKSH Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.8B+0.7%	$1.8B+9.4%	$1.7B-1.3%	$1.7B-1.4%	$1.7B+12.0%	$1.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$59.3M-45.2%	$108.1M+24.8%	$86.6M	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	$10.7M0.0%	$10.7M+83.3%	$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
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	$184.9M+18.2%	$156.4M+11.3%	$140.5M+14.5%	$122.7M-36.0%	$191.8M-4.4%	$200.6M
Retained Earnings	$202.6M+3.2%	$196.3M-0.8%	$198.0M-0.6%	$199.1M+5.8%	$188.2M-0.7%	$189.5M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$1.8B+0.2%	$1.8B+1.2%	$1.8B-0.2%	$1.8B-1.6%	$1.8B+1.3%	$1.8B+1.5%	$1.8B-1.3%	$1.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$62.2M+4.9%	$59.3M+40.1%	$42.3M-54.4%	$92.8M-24.2%	$122.5M+13.3%	$108.1M+117.2%	$49.8M-49.7%	$98.9M
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%	$10.7M0.0%	$10.7M0.0%	$10.7M0.0%	$10.7M-0.1%	$10.7M
Total Liabilities	$1.6B+0.1%	$1.6B+1.0%	$1.6B-0.9%	$1.6B-1.8%	$1.7B+0.8%	$1.7B+2.3%	$1.6B-2.6%	$1.7B
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	$187.4M+1.3%	$184.9M+3.2%	$179.2M+6.2%	$168.7M+0.9%	$167.3M+6.9%	$156.4M-6.8%	$167.8M+12.6%	$149.0M
Retained Earnings	$207.5M+2.5%	$202.6M+0.5%	$201.6M+2.2%	$197.2M-1.2%	$199.6M+1.6%	$196.3M-0.9%	$198.2M+1.4%	$195.5M

NKSH Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$17.9M+89.6%	$9.4M-39.2%	$15.5M-47.4%	$29.5M+28.9%	$22.9M+65.9%	$13.8M
Capital Expenditures	$2.7M-15.9%	$3.3M+118.2%	$1.5M+18.6%	$1.3M+289.5%	$323K-82.3%	$1.8M
Free Cash Flow	$15.2M+145.1%	$6.2M-55.9%	$14.0M-50.3%	$28.2M+25.2%	$22.6M+88.5%	$12.0M
Investing Cash Flow	-$39.2M-348.2%	$15.8M-70.3%	$53.2M+141.0%	-$129.7M+32.9%	-$193.2M-8.8%	-$177.6M
Financing Cash Flow	-$27.6M-643.4%	-$3.7M+93.1%	-$53.5M-263.0%	$32.9M-81.3%	$175.3M+5.2%	$166.7M
Dividends Paid	$9.6M+3.7%	$9.3M-37.3%	$14.8M+65.2%	$8.9M+1.6%	$8.8M-2.2%	$9.0M
Share Buybacks	N/A	N/A	$0-100.0%	$6.3M-52.5%	$13.4M+675.5%	$1.7M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$3.3M-53.8%	$7.1M+16.8%	$6.1M+195.8%	$2.1M-19.4%	$2.6M-52.6%	$5.4M+72.7%	$3.1M+206.1%	-$3.0M
Capital Expenditures	$229K-47.0%	$432K-46.0%	$800K+47.3%	$543K-43.6%	$963K+0.9%	$954K-1.8%	$971K-4.4%	$1.0M
Free Cash Flow	$3.1M-54.2%	$6.7M+26.2%	$5.3M+248.8%	$1.5M-4.9%	$1.6M-64.1%	$4.5M+106.0%	$2.2M+154.5%	-$4.0M
Investing Cash Flow	-$3.2M-1237.5%	-$240K+99.4%	-$40.9M-1453.0%	$3.0M+375.0%	-$1.1M-106.8%	$16.2M+262.4%	-$10.0M-178.6%	$12.7M
Financing Cash Flow	$2.8M-72.0%	$10.0M+163.6%	-$15.8M+54.6%	-$34.8M-368.5%	$12.9M-64.8%	$36.8M+186.9%	-$42.3M-32.1%	-$32.0M
Dividends Paid	N/A	$5.0M	$0	N/A	N/A	$5.0M+496000.0%	$1K-100.0%	$4.3M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NKSH Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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	193.6%+91.2pp	102.4%-119.5pp	221.9%-148.9pp	370.8%+64.4pp	306.4%+22.0pp	284.4%
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%
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%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.87-1.7	10.58-0.2	10.78-1.9	12.67+4.8	7.88+1.3	6.58
FCF Margin	185.3%+102.3pp	83.0%-115.4pp	198.4%-205.4pp	403.8%+64.7pp	339.1%+127.4pp	211.7%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	225.6%-62.0pp	287.6%+74.9pp	212.7%+93.5pp	119.2%-32.6pp	151.8%-15.5pp	167.3%+24.5pp	142.8%+159.6pp	-16.8%
Return on Equity	2.7%-0.5pp	3.2%+0.7pp	2.5%+1.1pp	1.4%-0.6pp	1.9%-0.0pp	2.0%+0.4pp	1.6%+1.8pp	-0.2%
Return on Assets	0.3%-0.1pp	0.3%+0.1pp	0.3%+0.1pp	0.1%-0.1pp	0.2%+0.0pp	0.2%+0.0pp	0.1%+0.2pp	-0.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.76-0.1	8.87-0.2	9.06-0.6	9.71-0.3	9.97-0.6	10.58+0.9	9.64-1.5	11.15
FCF Margin	139.1%-189.0pp	328.1%+72.4pp	255.8%+176.4pp	79.3%+4.1pp	75.2%-167.3pp	242.5%+126.9pp	115.6%+333.1pp	-217.5%

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Frequently Asked Questions

What is National Bankshares Inc Va's annual revenue?

National Bankshares Inc Va (NKSH) reported $8.2M in total revenue for fiscal year 2025. This represents a 9.8% 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 9.8% year-over-year, from $7.4M to $8.2M in fiscal year 2025.

Is National Bankshares Inc Va profitable?

Yes, National Bankshares Inc Va (NKSH) reported a net income of $15.8M in fiscal year 2025, with a net profit margin of 193.6%.

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

National Bankshares Inc Va (NKSH) had a net profit margin of 193.6% in fiscal year 2025, 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 2025.

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

National Bankshares Inc Va (NKSH) has a return on equity of 8.6% for fiscal year 2025, 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 $15.2M in free cash flow during fiscal year 2025. This represents a 145.1% 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 $17.9M in operating cash flow during fiscal year 2025, 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 2025, including both current and long-term assets.

What are National Bankshares Inc Va's capital expenditures?

National Bankshares Inc Va (NKSH) invested $2.7M in capital expenditures during fiscal year 2025, 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 2025.

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

National Bankshares Inc Va (NKSH) had a debt-to-equity ratio of 8.87 as of fiscal year 2025, 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 0.9% for fiscal year 2025, 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 5 out of 9, indicating neutral 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 to 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 1.13x, 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 29 out of 100 on our Financial Profile, indicating weak 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.