National Bankshares (NKSH) Financial Statements & Analysis

National Bankshares (NKSH) Income Statement

National Bankshares reported revenue of $55.56M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 25.9% from $44.13M a year earlier. Net income was $15.83M, up 107.6% year over year, a net margin of 28.5%. Gross margin was 100.0% and operating margin 34.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $15.38M, up 16.2% from the same quarter a year earlier.

National Bankshares Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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National Bankshares, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	55.56	44.13	68.19	62.51	53.41	51.95	53.94	50.95	48.90
Cost of Revenue	29.74	34.95	20.29	3.79	2.70	7.83	7.51	4.97	4.28
Gross Profit	55.58	44.13	47.90	58.72	50.71	44.12	46.43	45.99	44.61
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	21.69	8.07	18.07	17.00	16.17	14.79	15.09	14.87	14.11
Operating Expenses	36.41	35.01	29.23	26.96	26.08	24.97	25.75	27.28	24.23
Operating Income	19.17	9.12	18.68	31.76	24.63	19.15	20.68	18.71	20.39
Other Income/Expense
Interest Income	75.31	70.04	58.83	50.11	44.99	44.01	45.15	43.22	41.26
Interest Expense	29.75	33.72	21.55	3.08	3.10	5.84	7.38	5.05	4.13
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	19.17	9.12	18.68	31.76	24.63	19.15	20.68	18.71	20.39
Income Tax Expense	3.34	1.50	2.98	5.83	4.25	3.08	3.21	2.56	6.29
Net Income	15.83	7.62	15.69	25.93	20.38	16.08	17.47	16.15	14.09
Net Income - Continuous Operations	15.83	7.62	15.69	25.93	20.38	16.08	17.47	16.15	14.09
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	2.52	2.21	19.43	32.37	25.27	19.86	21.42	19.53	21.26
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	0.37	0.24	0.75	0.61	0.64	0.71	0.74	0.82	0.87
Earnings Per Share
Basic EPS	2.00	1.00	3.00	4.00	3.00	2.00	3.00	2.00	2.00
Diluted EPS	2.00	1.00	3.00	4.00	3.00	2.00	3.00	2.00	2.00
Basic Shares Outstanding	6.36	6.16	5.89	5.99	6.21	6.48	6.58	6.96	6.96
Diluted Shares Outstanding	6.36	6.16	5.89	5.99	6.21	6.48	6.58	6.96	6.96

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About National Bankshares Financial Statements

What was National Bankshares's revenue in fiscal 2025?

National Bankshares reported revenue of $55.56M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 25.9% from $44.13M a year earlier.

Is National Bankshares profitable?

Yes. National Bankshares earned net income of $15.83M in fiscal 2025, a net margin of 28.5%. In fiscal 2024 it earned $7.62M.

What is National Bankshares's operating margin?

National Bankshares's operating income was $19.17M on revenue of $55.56M in fiscal 2025, an operating margin of 34.5%, compared with 20.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition