MARKETS / NASDAQ / Financials / Banks / NKSH

NASDAQ · NATIONAL COMMERCIAL BANKS · SMALL CAP

National Bankshares Inc. NKSH

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Net income

$15.8M

▲ 107.6% YoY

Free cash flow

$15.2M

▲ 145.1% YoY

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

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

Revenue, FY2025 · full 17-year series below

Compound annual growth

Net income

−15.2%

−0.3%

−0.0%

+0.1%

EPS, diluted

−16.8%

+0.1%

+0.9%

+0.7%

Dividend / share

+0.2%

+1.7%

Returned to shareholders

−14.3%

−2.2%

+1.9%

+2.8%

3 yrs

5 yrs

10 yrs

15 yrs

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

ROE

FY2025 · ROE 9.3%

5%10%15%

200920172025

Three returns, three denominators.

Return on equity9.3%

Return on assets0.9%

Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Gross margin·

Operating margin·

Net margin·

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

10M20M

200920172025

Net buybacks $M Dividends $M

FY2025 · Dividends 9.6 · Net buybacks ·

10M20MDividendsNet buybacks

200920112013201520172019202120232025

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—not applicable◌not available in our data

NKSH, 17-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Operating income $B	0.0	0.0	0.0	0.0	0.0	0.0	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
EBITDA $B	0.0	0.0	0.0	0.0	0.0	0.0	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Income tax $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Free cash flow $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EPS, diluted $	2.49	1.24	2.66	4.33	3.28	2.48	2.65	2.32	2.03	2.15	2.28	2.43	2.55	2.55	2.54	2.24	2.06
Dividend / sh $	1.51	1.51	2.51	1.50	1.44	1.39	1.39	1.21	◌	◌	1.14	1.13	1.12	1.10	1.00	0.91	0.84
Payout %	61	122	94	35	43	56	52	52	58	54	50	46	44	43	39	41	41
ROE %	9.3	5.1	11.9	16.5	10.4	8.4	9.3	8.6	7.8	8.5	9.4	10.8	12.0	12.2	13.0	12.4	11.7
Shares out B	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Other companies filing in the same sector

UNH · BRK-A · BRK-B · CI · ELV · CNC

Provenance

Company facts, as filed

How we verify · 0 failures in 49 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Three checks were skipped: the share count is not tagged before 2010. Three checks were skipped: the balance sheet is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityNational Commercial Banks

Listed onNASDAQ

Incorporated inVirginia

Fiscal year endsDecember 31

SEC categorysmaller reporting company

Data on record since2009