Pricing Log in Create free account
Saturday 17 October 2026 Export NKSH’s income statement to Excel — free account

National Bankshares, Inc.

NKSH Financial Banks Regional

National Bankshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $85.3 million, up 7.88% from fiscal 2024. In the quarter to June 2026, revenue grew 6.17%, EPS grew 119.4% and free cash flow grew 118.6%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.

43.44 0.12 +0.28%
Market cap
$276.0M
P/E
13.6×
Fwd P/E
10.7×
Dividend yield
3.52%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.01
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — 1 — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 3.21%

Capital & Financial Ratios $m

Market Cap 275.97
Revenue 87.46
Net Income 20.31
Free Cash Flow 18.43
Net Debt (54.56)
Current Ratio 0.65
Debt/Equity 0.00
P/E ratio 13.62
Fwd P/E 10.70
P/S ratio 3.16
P/B ratio 1.44
Past 5Y EPS Growth 0.08%
This Y EPS Growth 26.35% (at or above 15%: strong)
Next Y EPS Growth 10.29%
Next Y revenue growth (31.22%) (below 0%: weak)
Next 5Y EPS Growth 6.96%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 44.05%
10-year low 10-year high
P/S against its own 10 years 34.39%
10-year low 10-year high
P/B against its own 10 years 69.41%
10-year low 10-year high

Dividends

Payout Ratio 0.48
Annual Dividend Rate 1.53
Annual Dividend Yield 3.52%
total individual payouts
2027 Powerpack
2026 1.51
0.75
2025 1.51
0.73
0.78
2024 1.51
0.73
0.78
2023 1.51
1.00
0.73
0.78
2022 1.50
0.72
0.78
2021 1.44
0.70
0.74
2020 1.39
0.67
0.72
2019 1.39
0.67
0.72
2018 1.21
0.58
0.63
2017 1.17
0.56
0.61
2016 1.16
0.55
0.61
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 88 108 59 55
Receivables — — — —
Inventory — — — —
Other — — — —
942 1,093 1,055 1,067
2023 2024 2025 Q'26
Payables 1,504 1,645 1,627 1,629
ST’ Debt — — — —
Other — — — —
1,505 1,646 1,629 1,631

Compound Annual Growth %

10y 5y 3y
Sales 5.00% 10.43% 10.92%
Cash Flow (1.37%) 5.34% (15.36%)
Earnings 0.00% (0.31%) (15.18%)
Book Value 0.72% (1.62%) 14.65%

Revenue $m

Mar Jun Sep Dec Year
’26 22 22 — — —
’25 21 21 22 22 85
’24 18 19 21 21 79
’23 16 17 17 18 68
’22 13 14 15 20 63
’21 13 13 14 14 53
’20 14 12 13 13 52
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 3 4 — — —
’25 3 2 6 7 18
’24 4 (3) 3 5 9
’23 4 3 6 2 16
’22 7 3 8 11 30
’21 7 4 6 5 23
’20 5 1 4 4 14
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 3 3 — — —
’25 2 2 5 7 15
’24 4 (4) 2 4 6
’23 4 3 5 3 15
’22 6 3 8 11 28
’21 7 4 6 5 23
’20 4 1 3 3 12
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.78 0.79 — — —
’25 0.51 0.36 0.69 0.92 2.49
’24 0.37 (0.05) 0.42 0.48 1.24
’23 0.77 0.66 0.52 0.71 2.66
’22 0.81 0.93 1.03 1.56 4.33
’21 0.74 0.74 0.94 0.86 3.28
’20 0.61 0.46 0.64 0.77 2.48
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 31.75 36.05 34.49 32.52 23.37 30.55 30.52 22.28 26.50 23.75

Analyst estimates 2026–2028

Powerpack
High 45.35 47.70 49.75 48.82 44.99 39.99 41.45 43.78 35.00 35.00
People
People Employees 229 232 235 238 226 218 227 222 245 254
Revenue/emp, $m 0.21 0.21 0.22 0.23 0.23 0.25 0.28 0.31 0.32 0.34
Income, $m
Income, $m Revenue 48 49 51 54 52 53 63 68 79 85
Gross margin, % 91.33 91.56 90.09 86.32 88.76 94.20 95.07 68.40 57.36 65.13
EBT 19 20 19 21 19 25 32 19 9 19
EBT margin, % 39.33 41.69 36.72 38.34 36.87 46.12 50.81 27.39 11.54 22.46
Net income 15 14 16 17 16 20 26 16 8 16
Depreciation 1 1 1 1 2 2 2 2 2 1
Per share, $
Per share, $ Revenue 6.91 7.03 7.32 8.20 8.01 8.60 10.44 11.58 12.84 13.41
Earnings 2.15 2.03 2.32 2.65 2.48 3.28 4.33 2.66 1.24 2.49
Cash flow 2.52 1.58 2.85 2.86 2.13 3.68 4.92 2.64 1.53 2.81
Capex 0.03 0.04 (0.13) (0.06) (0.27) 0.05 (0.21) (0.14) (0.52) (0.43)
Free cash flow 2.55 1.62 2.72 2.81 1.86 3.73 4.72 2.50 1.01 2.38
Book value 25.62 26.57 27.34 27.92 30.94 30.88 20.48 23.86 25.39 29.07
Shares, m 7 7 7 7 6 6 6 6 6 6
Valuation, ×
Valuation, × P/E 20.07 22.44 15.70 16.95 12.65 10.93 9.23 12.46 23.53 13.47
P/S 6.25 6.42 4.97 5.48 3.91 4.17 3.83 2.86 2.24 2.50
P/B 1.68 1.70 1.33 1.61 1.01 1.16 1.95 1.39 1.13 1.15
EV/Sales 4.26 5.08 3.84 3.84 1.31 1.55 2.68 1.57 0.87 1.81
EV/FCF 11.52 21.99 10.36 11.23 5.62 3.58 5.92 7.30 11.04 10.16
Cash, $m
Cash, $m Operating cash flow 18 11 20 19 14 23 30 16 9 18
Capex 0 0 (1) 0 (2) 0 (1) (1) (3) (3)
Free cash flow 18 11 19 18 12 23 28 15 6 15
Balance, $m
Balance, $m Working capital (303) (329) (287) (300) (396) (554) (620) (563) (553) (573)
Total debt 1 — 2 2 2 1 1 — — —
Net debt (95) (65) (58) (88) (135) (140) (72) (88) (108) (59)
Shareholders’ equity 178 185 190 184 201 192 123 141 156 185
Returns, %
Returns, % ROA 1.23 1.13 1.29 1.36 1.13 1.27 1.53 0.94 0.44 0.87
ROIC 14.51 10.66 9.76 13.56 18.29 29.54 39.45 22.17 15.58 9.53
ROE 8.53 7.76 8.61 9.34 8.37 10.39 16.49 11.92 5.13 9.27
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

National Bankshares, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FUNC First United Corporation $283.5M 11.4× 9.1× +5.24% (above 0%: growing) −4.35% (below 0%: shrinking) +705.52% (above 0%: growing) 75.95% 0.00% Compare
FRAF Franklin Financial Services Corp. $282.6M 11.4× 10.0× +1.12% (above 0%: growing) +11.36% (above 0%: growing) +20.95% (above 0%: growing) 71.88% 0.00% Compare
OVLY Oak Valley Bancorp (CA) $282.3M 12.0× — +4.45% (above 0%: growing) −8.82% (below 0%: shrinking) −20.28% (below 0%: shrinking) 85.32% 0.00% Compare
ISBA Isabella Bank Corporation $280.1M 13.5× 11.9× +13.60% (above 0%: growing) +1.47% (above 0%: growing) +1.06% (above 0%: growing) 73.42% 0.00% Compare
VABK Virginia National Bankshares Corporation $279.1M 11.1× 17.8× +24.86% (above 0%: growing) +110.13% (above 0%: growing) −47.94% (below 0%: shrinking) 77.48% 0.00% Compare
NKSH National Bankshares, Inc. $276.0M 13.6× 10.7× +6.17% (above 0%: growing) +119.44% (above 0%: growing) +118.57% (above 0%: growing) 71.02% 0.00%
FNRN First Northern Community Bancorp $273.3M 12.2× — +2.07% (above 0%: growing) −12.99% (below 0%: shrinking) +31.66% (above 0%: growing) 83.16% 0.00% Compare
WNEB Western New England Bancorp $271.6M 16.1× 13.4× +3.49% (above 0%: growing) −21.74% (below 0%: shrinking) −9.46% (below 0%: shrinking) 66.47% 0.00% Compare
LCNB LCNB Corporation $267.9M 10.9× 10.0× +1.60% (above 0%: growing) +29.27% (above 0%: growing) +43.09% (above 0%: growing) 79.36% 0.00% Compare
Median of peers $279.6M 11.7× 11.0× +3.97% −1.44% +11.01% 76.72% 0.00%

All 323 Banks Regional stocks →

National Bankshares, Inc. (NKSH) key facts

  • Strength: National Bankshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $85.3 million, up 7.88% from fiscal 2024.
  • Strength: Net income was $15.8 million, or $2.49 per share (basic), a net margin of 18.6%.
  • National Bankshares, Inc. (NKSH) is a Banks Regional company in the Financial sector, listed on Nasdaq.
  • As of October 16, 2026, NKSH traded at $43.44, a market capitalization of $276.0 million.
  • At that price the stock trades at 13.6× trailing-twelve-month earnings and 3.2× sales; its P/E is higher than 44% of its own readings over the past ten years.
  • National Bankshares, Inc. pays an annual dividend of $1.53 per share, a yield of 3.52%, with a payout ratio of 48.1%.
  • Return on equity was 9.27% and debt-to-equity 0.00.
  • Its Piotroski F-score is 7 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

National Bankshares, Inc. (NKSH) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/NKSH · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com