8-K Announcements
6Material company update
May 18, 2026·SEC
Material company update
May 13, 2026·SEC
Material company update
May 13, 2026·SEC
National Bankshares, Inc.(NKSH)Earnings, Financials & Key Ratios
NKSH•NASDAQ•Banking & Credit
$36.33
14.6× P/E·Price updated Jul 6, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommercial and middle-market focused banks
AboutNational 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. It operates 23 branch offices, a loan production office, and 22 automated teller machines in Southwest Virginia. National Bankshares, Inc. was founded in 1891 and is headquartered in Blacksburg, Virginia.Show more
- Net Interest Income$46M+25.2%
- Total Revenue$85M+7.9%
- Net Income$16M+107.6%
- Return on Equity9.27%+80.6%
- Net Interest Margin2.5%+24.3%
- Efficiency Ratio42.68%-3.6%
- ROA0.87%+98.0%
- Equity / Assets10.13%+17.4%
- Book Value per Share29.06+14.5%
NKSH Price & Volume
National Bankshares, Inc. (NKSH) stock price & volume — 10-year historical chart
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Margin Expansion Supports Stable Regional Bank Growth
Investment Thesis • Updated 2026Q1
VerdictNeutral: While the bank shows a solid 2.7% ROE and consistent income growth
Growth:Accelerating
Profitability:Strong
Financial:Healthy
Cash Flow:Stable
Primary Risk:Geographic CRE Concentration
Key Thesis Takeaways
- National Bankshares, Inc.
- demonstrates a disciplined approach to capital management, evidenced by a 23.1% year-over-year growth in net interest income as of 2026Q1.
- While the bank maintains a robust equity-to-assets ratio of 0.10, investors should monitor the geographic concentration of its commercial real estate portfolio and the potential impact of its $1.6 billion investment securities holdings on tangible book value.
- The firm's ability to maintain an efficiency ratio of 43.1% suggests effective operational control, though long-term performance remains sensitive to interest rate volatility.
Verdict Logic
the 1.30 P/B valuation and potential interest rate sensitivity of the $1.6 billion securities portfolio warrant a cautious entry.
NKSH Growth Metrics
National Bankshares, Inc. (NKSH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.55%
5 Years10.43%
3 Years10.92%
TTM-
Profit CAGR
10 Years-0%
5 Years-0.31%
3 Years-15.18%
TTM102.31%
EPS CAGR
10 Years0.88%
5 Years0.08%
3 Years-16.84%
TTM102.34%
Return on Capital
10 Years10.87%
5 Years11.91%
3 Years9.84%
Last Year10.61%
NKSH Recent Earnings
National Bankshares, Inc. (NKSH) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 4/12 qtrs (50%)
Q2 2026Latest
Apr 23, 2026Metric
Actual
Est
EPS
$0.78+20.0%
$0.65
Rev
$22M+53.8%
$14M
Q1 2026
Jan 22, 2026Metric
Actual
Est
EPS
$0.84+23.5%
$0.68
Rev
$22M+57.6%
$14M
Q4 2025
Oct 23, 2025Metric
Actual
Est
EPS
$0.69+4.5%
$0.66
Rev
$21M
—
Q3 2025
Aug 13, 2025Metric
Actual
Est
EPS
$0.61+0.0%
$0.61
Rev
$21M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $0.78vs $0.65+20.0% | $22Mvs $14M+53.8% |
| Q1 2026 | Jan 22, 2026 | $0.84vs $0.68+23.5% | $22Mvs $14M+57.6% |
| Q4 2025 | Oct 23, 2025 | $0.69vs $0.66+4.5% | $21M |
| Q3 2025 | Aug 13, 2025 | $0.61vs $0.61+0.0% | $21M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for National Bankshares, Inc. (NKSH)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $36.33 | $231.36M | 14.59 | 7.88% | 18.55% | 9.27% | 4.16% | |
| $33.20 | $737.77M | 23.71 | 6.24% | 33.81% | 24.82% | — | |
| $24.65 | $175.44M | 14.01 | -1.44% | 12.96% | 7.98% | — | |
| $50.16 | $2.61B | 15.06 | 10.36% | 19.66% | 9.83% | — | |
| $23.10 | $222.78M | 15.82 | -9.41% | 16.49% | 8% | — | |
| $34.75 | $4.98B | 19.63 | 11.71% | 31.14% | 14.2% | — |
Compare NKSH vs Peers
National Bankshares, Inc. (NKSH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NKSH SEC Filings & Documents
National Bankshares, Inc. (NKSH) SEC filings — annual & quarterly reports (10-K, 10-Q)
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NKSH Frequently Asked Questions
National Bankshares, Inc. (NKSH) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is National Bankshares, Inc. growing?
National Bankshares, Inc. (NKSH) grew revenue by 7.9% over the past year. This is steady growth.
Is NKSH profitable?
Yes, National Bankshares, Inc. (NKSH) is profitable, generating $17.6M in net income for fiscal year 2025 (18.6% net margin).
Dividend & Returns
Does NKSH pay dividends?
Yes, National Bankshares, Inc. (NKSH) pays a dividend with a yield of 4.16%. This makes it attractive for income-focused investors.
What is NKSH's return on equity?
National Bankshares, Inc. (NKSH) has a return on equity (ROE) of 9.3%. This is below average, suggesting room for improvement.
Industry Metrics
What is National Bankshares, Inc.'s net interest margin?
National Bankshares, Inc. (NKSH) has a net interest margin (NIM) of 2.5%. NIM has been under pressure due to interest rate environment.
What is National Bankshares, Inc.'s efficiency ratio?
National Bankshares, Inc. (NKSH) has an efficiency ratio of 42.7%. This is excellent, indicating strong cost control.