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MARKETS / NASDAQ / NKSH
NASDAQ · NATIONAL COMMERCIAL BANKS · SMALL CAP

National Bankshares Inc. NKSH

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$8.2M
▲ 9.8% YoY
$15.8M
▲ 107.6% YoY
$15.2M
▲ 145.1% YoY
In brief

What this company does

It conducts most of its operations through its wholly-owned community bank subsidiary, The National Bank of Blacksburg (the “Bank” or “NBB”). NBB is a community-oriented financial institution headquartered in Blacksburg, Virginia. The banking and financial services industry is highly competitive. NBB competes for loans and deposits with other commercial banks, credit unions, securities and brokerage companies, mortgage companies, insurance companies, retailers, automobile companies and other nonbank financial service providers. As of December 31, 2025, NBB had 243 full time employees and 11 part time employees.

Written from the business description in National Bankshares, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 March 2026. Every sentence was checked against that document before publication.

Growth
USD 8.2M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 8.2 · Net income 15.8
10M20M200920112013201520172019202120232025
Compound annual growth
+5.3%
+7.7%
−15.2%
−0.3%
−0.0%
+0.1%
−16.8%
+0.1%
+0.9%
+0.7%
+0.2%
+1.7%
+2.9%
+3.4%
−14.3%
−2.2%
+1.9%
+2.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +7.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
194 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 234.4% · Net 193.6%
200%400%200920112013201520172019202120232025
ROE
FY2025 · ROE 9.3%
5%10%15%200920112013201520172019202120232025
Gross margin—
Operating margin234.4%
Net margin193.6%
Return on assets0.9%
EBITDAUSD 20.3M

Each USD of equity produced 9 cents of profit this year.

Cash & shareholders
USD 9.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 15.2
10M20M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 9.6 · Net buybacks —
10M20MDividendsNet buybacks200920112013201520172019202120232025
Dividends paidUSD 9.6M
Net buybacks—
Share of profit60.7%
Consecutive raises—

USD 9.6M in dividends — 61% of the year's profit went back to shareholders.

Total assetsUSD 1.8B
EquityUSD 184.9M
CashUSD 59.2M
DepositsUSD 1.6B

Equity funds 10% of total assets.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.00.00.00.00.00.00.00.00.00.0·······
Operating income $B0.00.00.00.00.00.0···········
EBITDA $B0.00.00.00.00.00.0···········
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Free cash flow $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
EPS, diluted $2.491.242.664.333.282.482.652.322.032.152.282.432.552.552.542.242.06
Dividend / sh $1.511.512.511.501.441.391.391.21··1.141.131.121.101.000.910.84
Payout %61122943543565252585450464443394141
ROE %9.35.111.916.510.48.49.38.67.88.59.410.812.012.213.012.411.7
Shares out B0.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 49 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 8 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityNational Commercial Banks
Listed onNASDAQ
Incorporated inVirginia
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

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