Loading…
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 non-real estate loans, including commercial and agricultural loans; commercial and consumer real estate loans; residential real estate loans; home equity loans; various consumer loans, such as credit cards, automobile, and other consumer loans; and public sector and IDA loans, 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, 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, as well as operates automated teller machines. The company was founded in 1891 and is headquartered in Blacksburg, Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $56M | - | $16M | $15M | 8.6% | 22.5% | 107.6% |
| 2024 | $45M | - | $8M | $6M | 4.9% | -2.8% | -51.4% |
| 2023 | $47M | - | $16M | $14M | 11.2% | -21.5% | -39.5% |
| 2022 | $59M | - | $26M | $28M | 21.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 59.43 | 46.64 | 45.36 | 55.56 |
| Operating Revenue | - | 59.43 | 46.64 | 45.36 | 55.56 |
| Selling General And Administration | - | 17 | 18.07 | 19.99 | 21.69 |
| Interest Income | - | 50.11 | 58.83 | 70.04 | 75.31 |
| Interest Expense | - | 3.08 | 21.55 | 33.72 | 29.75 |
| Net Interest Income | - | 47.03 | 37.28 | 36.31 | 45.56 |
| Pretax Income | - | 31.76 | 18.68 | 9.12 | 19.17 |
| Tax Provision | - | 5.83 | 2.98 | 1.50 | 3.34 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | -0.48 | 0 |
| Net Income Continuous Operations | - | 25.93 | 15.69 | 7.62 | 15.83 |
| Net Income From Continuing And Discontinued Operation | - | 25.93 | 15.69 | 7.62 | 15.83 |
| Net Income From Continuing Operation Net Minority Interest | - | 25.93 | 15.69 | 7.62 | 15.83 |
| Net Income | - | 25.93 | 15.69 | 7.62 | 15.83 |
| Net Income Common Stockholders | - | 25.93 | 15.69 | 7.62 | 15.83 |
| Net Income Including Noncontrolling Interests | - | 25.93 | 15.69 | 7.62 | 15.83 |
| Normalized Income | - | 25.93 | 15.69 | 10.06 | 15.83 |
| Diluted NI Availto Com Stockholders | - | 25.93 | 15.69 | 7.62 | 15.83 |
| Basic Average Shares | - | 5.99 | 5.89 | 6.16 | 6.36 |
| Diluted Average Shares | - | 5.99 | 5.89 | 6.16 | 6.36 |
| Reconciled Depreciation | - | 0.61 | 0.75 | 1.14 | 1.47 |
| Total Unusual Items | - | - | 0 | -2.92 | 0 |
| Total Unusual Items Excluding Goodwill | - | - | 0 | -2.92 | 0 |
| Special Income Charges | - | - | 0 | -2.92 | 0 |
| Restructuring And Mergern Acquisition | - | - | 0 | 2.92 | 0 |
| Gain On Sale Of Security | 0.01 | 3.82 | -0.36 | 0 | - |
| Depreciation Amortization Depletion Income Statement | - | - | - | 0.24 | 0.37 |
| Depreciation And Amortization In Income Statement | - | - | - | 0.24 | 0.37 |
| General And Administrative Expense | - | 17 | 18.07 | 19.99 | 21.69 |
| Other Gand A | 3.04 | - | - | - | - |
| Salaries And Wages | - | 16.52 | 17.32 | 19.18 | 20.86 |
| Insurance And Claims | - | 0.48 | 0.75 | 0.81 | 0.83 |
| Amortization | - | - | - | 0.24 | 0.37 |
| Amortization Of Intangibles Income Statement | - | - | - | 0.24 | 0.37 |
| Occupancy And Equipment | - | 1.93 | 2 | 2.65 | 3.08 |
| Professional Expense And Contract Services Expense | - | 1 | 1.74 | 1.05 | 1.45 |
| Other Non Interest Expense | - | 7.03 | 7.42 | 8.16 | 9.83 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| National Bankshares, Inc.this co. | NKSH | $222M | 14.04↑ premium | 1.20 | 8.6% | - |
| Virginia National Bankshares Corporation | VABK | $229M | 11.89 | 1.24 | 10.5% | - |
| Ohio Valley Banc Corp. | OVBC | $227M | 14.56 | 1.33 | 9.2% | - |
| FB Bancorp, Inc. | FBLA | $225M | 179.93 | 0.72 | 0.4% | - |
| Peoples Bancorp of North Carolina, Inc. | PEBK |
| - |
| - |
| - |
| - |
| - |
| $223M |
| 11.26 |
| 1.42 |
| 12.6% |
| - |
| Eagle Financial Services, Inc. | EFSI | $221M | 26.88 | 1.17 | 4.3% | - |
| Oportun Financial Corporation | OPRT | $220M | 8.73 | 0.57 | 6.5% | - |
| Meridian Corporation | MRBK | $220M | 10.09 | 1.10 | 10.9% | - |
| Kingstone Companies, Inc. | KINS | $219M | 5.38 | 1.79 | 33.2% | - |
| Peer Median | - | 11.58 | 1.21 | 9.8% | - | |