National Bankshares, Inc. NKSH R2K

Financial Services · Banks - Regional · United States

https://www.nationalbankshares.com

National Bankshares, Inc. operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking products and services to individuals, businesses, non-profits, and local governments. The company accepts interest-bearing and non-interest-bearing demand deposit accounts, money market deposit accounts, savings accounts, certificates of deposit, health savings accounts, and individual retirement accounts. Its loan products include commercial non-real estate loans, including commercial and agricultural loans; commercial and consumer real estate loans; residential real estate loans; home equity loans; various consumer loans, such as credit cards, automobile, and other consumer loans; and public sector and IDA loans, as well as loans for the construction of commercial and residential properties. The company also provides business and consumer debit and credit cards; letters of credit, night depository, safe deposit boxes, utility payment services, and automatic funds transfer; wealth management, trust, and estate services; non-deposit investment and insurance products; and telephone, mobile, and Internet banking services, as well as operates automated teller machines. The company was founded in 1891 and is headquartered in Blacksburg, Virginia.

Market & Price

Market Cap

$224.10M

Current Price

$35.19

High / Low (52W)

$38.12 / $24.12

Beta

0.57

Valuation

Stock P/E

12.75

Industry PE

12.01

Forward P/E

10.50

PEG Ratio

Book Value

$29.45

Price to Book

1.19

P/S

3.84

EV/EBITDA

Dividend Yield

4.26%

Profitability & Returns

ROCE

ROE

9.91%

ROA

0.96%

Profit Margin

30.08%

Op Margin

41.24%

EPS (Latest Qtr)

$0.78

EPS (TTM)

$2.76

Balance Sheet & Liquidity

Debt/Equity

Quick Ratio

Current Ratio

Debt

$1.91M

Total Assets

$1.82B

Current Assets

Working Capital

Ownership

Promoter Holding

3.31%

Chg in Prom Hold

FII / Inst Holding

37.69%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$163.69M

Total Revenue (TTM)

$58.42M

EBITDA

Free Cash Flow

Operating Cash Flow

$18.62M

Shares Outstanding

6.37M

Gross Margin

0.00%

Payout Ratio

54.71%

Growth (CAGR)

Revenue 5Y

-2.22%

Profit 5Y

-15.18%

Revenue (YoY)

22.70%

Earnings (YoY)

53.30%

PROS

Excellent profit margin of 30.1%.
Attractive dividend yield of 4.26%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Revenue declined at -2.2% CAGR over 5 years.
Earnings shrank at -15.2% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	NKSH National Bankshares, Inc. R2K	35.19	12.75	$224.10M	4.26%	-	9.91%	-2.22%	-15.18%
2	JPM JPMorgan Chase & Co. SPX	299.31	14.33	$802.00B	2.00%	-	16.47%	12.50%	14.83%
3	V Visa Inc. SPX	326.36	28.48	$620.65B	0.82%	38.38%	60.35%	10.92%	10.28%
4	MA Mastercard Incorporated SPX	493.98	28.57	$436.47B	0.70%	61.47%	-	13.82%	14.66%
5	MS Morgan Stanley SPX	208.00	18.84	$328.08B	1.92%	-	16.39%	9.52%	15.20%
6	GS The Goldman Sachs Group, Inc. SPX	1,025.56	18.73	$302.55B	1.76%	-	14.55%	7.16%	15.11%
7	WFC Wells Fargo & Company SPX	77.54	11.98	$237.29B	2.32%	-	12.03%	4.02%	15.98%
8	BLK BlackRock, Inc. SPX	1,046.88	26.32	$162.51B	2.19%	4.89%	11.90%	10.65%	2.36%
9	SCHW The Charles Schwab Corporation SPX	87.35	17.37	$151.91B	1.47%	-	19.08%	4.83%	7.21%

Quarterly Results

Figures in USD.

Metric	Sep 2013	Mar 2014	Jun 2014	Sep 2014	Mar 2015	Jun 2015	Sep 2015	Mar 2016	Jun 2016	Sep 2016	Mar 2017	Jun 2017	Sep 2017	Mar 2018	Jun 2018	Sep 2018	Mar 2019	Jun 2019	Sep 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	1.46M	-	-	1.54M	1.58M	1.57M	1.48M	1.51M	1.58M	1.46M	1.28M	1.41M	1.76M	1.57M	1.59M	1.71M	1.77M	1.79M	1.84M	1.69M	1.83M	1.90M	1.83M	1.88M	-	12.81M	13.27M	14.21M	15.27M	15.30M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7.95M	7.55M	7.34M	6.92M	6.32M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.90M	2.65M	5.38M	7.23M	6.05M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	666.00K	362.00K	961.00K	1.35M	1.07M
Net Income	4.52M	4.40M	4.11M	4.26M	3.97M	4.11M	4.20M	3.78M	3.87M	3.83M	3.65M	3.57M	3.79M	3.30M	4.04M	4.25M	4.44M	3.99M	4.25M	3.98M	2.98M	4.17M	4.77M	4.61M	5.75M	4.89M	5.57M	6.16M	4.53M	3.90M	3.07M	2.17M	-307.00K	2.68M	-	3.24M	2.29M	4.42M	5.88M	4.98M
Diluted EPS	0.65	0.63	0.59	0.61	0.57	0.59	0.60	0.54	0.56	0.55	0.52	0.51	0.54	0.47	0.58	0.61	0.65	0.61	0.65	0.61	0.46	0.64	0.74	0.74	0.94	-	0.93	1.03	0.77	0.66	0.52	0.37	-0.05	0.42	-	0.51	0.36	0.69	0.92	0.78

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	5.41M	6.11M	6.27M	6.15M	5.65M	-	59.43M	46.64M	45.36M	55.56M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	3.08M	21.55M	33.72M	29.75M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	31.76M	18.68M	9.12M	19.17M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	5.83M	2.98M	1.50M	3.34M
Net Income	14.32M	15.57M	17.64M	17.75M	17.79M	16.91M	15.83M	14.94M	14.09M	16.15M	17.47M	16.08M	-	25.93M	15.69M	7.62M	15.83M
Diluted EPS	2.06	2.24	2.54	2.55	2.55	2.43	2.28	2.15	2.03	2.32	2.65	2.48	-	4.33	2.66	1.24	2.49

Compounded Sales Growth

5 Years:	-2.22%
1 Year:	22.70%

Compounded Profit Growth

5 Years:	-15.18%
1 Year:	53.30%

Stock Price Performance

1 Year:	+44.01%
6 Months:	+21.77%
3 Months:	-4.27%
1 Month:	+0.55%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Sep 2020	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	1.02B	1.07B	1.10B	1.11B	1.15B	1.20B	1.23B	1.26B	1.26B	1.32B	-	1.52B	1.70B	1.68B	1.66B	1.81B	1.82B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Equivalents	16.32M	12.89M	9.86M	11.90M	14.78M	-	-	-	-	-	-	-	-	-	-	71.43M	86.60M	107.82M	59.25M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.00M	6.31M	6.47M	6.54M
Total Liabilities	-	-	893.05M	925.80M	954.25M	964.74M	988.43M	1.03B	1.06B	1.07B	1.07B	1.14B	-	1.32B	1.51B	1.55B	1.51B	1.66B	1.64B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Equity	110.11M	122.08M	129.19M	141.30M	150.11M	145.89M	166.30M	172.11M	178.26M	184.90M	190.24M	183.73M	202.19M	200.61M	191.75M	122.69M	140.52M	156.41M	184.91M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.89M	5.89M	6.36M	6.37M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	14.87M	18.57M	19.46M	22.71M	-	-	20.53M	17.53M	10.99M	19.80M	18.83M	13.79M	-	29.50M	15.52M	9.44M	17.89M
Investing Cash Flow	-46.74M	-47.76M	-45.32M	-39.74M	-	-	-49.95M	-32.22M	-20.19M	-3.63M	-61.68M	-177.60M	-	-129.71M	53.19M	15.79M	-39.18M
Financing Cash Flow	28.44M	26.16M	27.90M	19.91M	-	-	28.67M	16.51M	8.15M	-16.21M	40.25M	166.67M	-	32.85M	-53.54M	-3.71M	-27.58M
Capital Expenditure	-330.00K	-728.00K	-725.00K	-769.00K	-276.00K	-459.00K	-663.00K	-634.00K	-261.00K	-1.19M	-1.03M	-1.82M	-	-1.26M	-1.49M	-3.26M	-2.74M
Free Cash Flow	14.54M	17.84M	18.73M	21.94M	-	-	19.87M	16.90M	10.73M	18.61M	17.80M	11.97M	-	28.24M	14.03M	6.18M	15.15M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-67.36M	15.17M	21.51M	-48.87M
Share Buybacks	-	-	-	-	-	-	-	-	-	-	18.52M	1.72M	13.35M	6.34M	0	-	-
Dividends Paid	-	-	6.94M	7.64M	7.78M	7.85M	7.93M	8.07M	8.14M	8.42M	9.03M	9.00M	8.81M	8.95M	14.78M	9.26M	9.61M

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Margin %	-	-	-	-	-	-	-	276.1%	230.5%	257.8%	283.8%	284.3%	-	43.6%	33.6%	16.8%	28.5%
ROE %	11.7%	12.1%	12.5%	11.8%	12.2%	10.2%	9.2%	8.4%	7.6%	8.5%	9.5%	8.0%	-	21.1%	11.2%	4.9%	8.6%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Shareholding Pattern

Insiders

3.31%

Institutions

37.69%

Public Float

38.97%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	6.93%	441.20K	$15.53M
2	Fourthstone LLC	4.53%	288.57K	$10.15M
3	Vanguard Capital Management LLC	4.23%	269.65K	$9.49M
4	Brandes Investment Partners L.P.	3.04%	193.42K	$6.81M
5	Geode Capital Management, LLC	2.37%	150.81K	$5.31M
6	Dimensional Fund Advisors LP	2.11%	134.28K	$4.73M
7	State Street Corporation	1.35%	86.08K	$3.03M
8	Rhino Investment Partners, Inc.	1.10%	70.35K	$2.48M
9	LPL Financial LLC	0.82%	52.03K	$1.83M
10	RBF Capital, LLC	0.79%	50.00K	$1.76M

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NKSH · Financial Services