NKSHNasdaqNational Commercial BanksFiscal year ends December 31
NATIONAL BANKSHARES INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 12, 2026
$43.69+0.11 (+0.25%)
Close on Oct 19, 2026
- Market cap
- $278.18M
- P/E (TTM)
- 13.7
- Dividend yield
- 3.46%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
193.6%−90.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.8% | +5.3% | +7.7% | -16.3% | |
| Net income | +107.6% | -15.2% | -0.3% | -0.0% | |
| EPS, diluted | +100.8% | -16.8% | +0.1% | +0.9% | |
| Free cash flow | +145.1% | -18.7% | +4.8% | -2.7% | |
| Dividend per share | 0.0% | +0.2% | +1.7% | +2.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 8.5% | 8.4% | 9.3% | |
| Return on assets | 1.2% | 1.1% | 0.9% | |
| Capex to revenue | 11.7% | 32.3% | 33.5% | |
| Diluted shares | 7M | 6M | 6M |
Where the cash went
Fiscal 2021 to 2025, five years combined
National Bankshares generated $95.23M from operations and spent $80.17M on capital expenditure, dividends and share buybacks. 11% of that went back into the business.
Generated
$95.23M
Used
$80.17M
Capital expenditure$9.07M11%Dividends$51.42M64%Share buybacks$19.69M25%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin193.6%
×Asset turnover0.00×
×Equity multiplier10.65×
=Return on equity, FY20259.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 193.6% | 0.00× | 10.65× | 9.3% |
| FY2024 | 102.4% | 0.00× | 11.68× | 5.1% |
| FY2023 | 221.9% | 0.00× | 12.66× | 11.9% |
| FY2022 | 370.8% | 0.00× | 10.75× | 16.5% |
| FY2021 | 306.4% | 0.00× | 8.21× | 10.4% |
| FY2020 | 284.3% | 0.00× | 7.39× | 8.4% |
| FY2019 | 283.8% | 0.00× | 6.89× | 9.3% |
| FY2018 | 257.8% | 0.00× | 6.70× | 8.6% |
| FY2017 | 230.5% | 0.00× | 6.86× | 7.8% |
| FY2016 | 276.1% | 0.00× | 6.96× | 8.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$15.83M
- Cash generatingOperating cash flow above zero$17.89M
- Return on assets improvedROA up on the prior year0.5% → 0.9%
- Earnings backed by cashOperating cash flow above net income$17.89M vs $15.83M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise6M → 6M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.00 → 0.00