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Stocks · Financials · National Commercial Banks

NATIONAL BANKSHARES INC

NKSH Clue Score55
United States Fiscal year ends December CIK 0000796534
$42.56 -0.98% Close, 9 Oct 2026
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Price $42.56 +17.15% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue5.4Net income14.9EPS, diluted2.15Fiscal year 2017Revenue6.1 +13.0%Net income14.1 −5.7%EPS, diluted2.03 −5.6%Fiscal year 2018Revenue6.3 +2.5%Net income16.2 +14.6%EPS, diluted2.32 +14.3%Fiscal year 2019Revenue6.2 −1.8%Net income17.5 +8.1%EPS, diluted2.65 +14.2%Fiscal year 2020Revenue5.7 −8.1%Net income16.1 −8.0%EPS, diluted2.48 −6.4%Fiscal year 2021Revenue6.7 +17.7%Net income20.4 +26.8%Fiscal year 2022Revenue7.0 +5.1%Net income25.9 +27.2%EPS, diluted4.33Fiscal year 2023Revenue7.1 +1.1%Net income15.7 −39.5%EPS, diluted2.66 −38.6%Fiscal year 2024Revenue7.4 +5.3%Net income7.6 −51.4%EPS, diluted1.24 −53.4%Fiscal year 2025Revenue8.2 +9.8%Net income15.8 +107.6%EPS, diluted2.49 +100.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 5.4 6.1 6.3 6.2 5.7 6.7 7.0 7.1 7.4 8.2
Growth +13.0% +2.5% −1.8% −8.1% +17.7% +5.1% +1.1% +5.3% +9.8%
Net income 14.9 14.1 16.2 17.5 16.1 20.4 25.9 15.7 7.6 15.8
Growth −5.7% +14.6% +8.1% −8.0% +26.8% +27.2% −39.5% −51.4% +107.6%
EPS, diluted 2.15 2.03 2.32 2.65 2.48 n/a 4.33 2.66 1.24 2.49
Growth −5.6% +14.3% +14.2% −6.4% −38.6% −53.4% +100.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin276.1%Free cash flow margin312.3%Fiscal year 2017Net margin230.5%Free cash flow margin175.5%Fiscal year 2018Net margin257.8%Free cash flow margin296.9%Fiscal year 2019Net margin283.8%Free cash flow margin289.2%Fiscal year 2020Net margin284.3%Free cash flow margin211.7%Fiscal year 2021Net margin306.4%Free cash flow margin339.1%Fiscal year 2022Net margin370.8%Free cash flow margin403.8%Fiscal year 2023Net margin221.9%Free cash flow margin198.4%Fiscal year 2024Net margin102.4%Free cash flow margin83.0%Fiscal year 2025Net margin193.6%Free cash flow margin185.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 276.1% 230.5% 257.8% 283.8% 284.3% 306.4% 370.8% 221.9% 102.4% 193.6%
Free cash flow margin 312.3% 175.5% 296.9% 289.2% 211.7% 339.1% 403.8% 198.4% 83.0% 185.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow17.5Capital expenditure−0.6Free cash flow16.9Dividends paid−8.1Fiscal year 2017Operating cash flow11.0Capital expenditure−0.3Free cash flow10.7 −36.5%Dividends paid−8.1Fiscal year 2018Operating cash flow19.8Capital expenditure−1.2Free cash flow18.6 +73.4%Dividends paid−8.4Fiscal year 2019Operating cash flow18.8Capital expenditure−1.0Free cash flow17.8 −4.3%Buybacks−18.5Dividends paid−9.0Fiscal year 2020Operating cash flow13.8Capital expenditure−1.8Free cash flow12.0 −32.8%Buybacks−1.7Dividends paid−9.0Fiscal year 2021Operating cash flow22.9Capital expenditure−0.3Free cash flow22.6 +88.5%Buybacks−13.4Dividends paid−8.8Fiscal year 2022Operating cash flow29.5Capital expenditure−1.3Free cash flow28.2 +25.2%Buybacks−6.3Dividends paid−9.0Fiscal year 2023Operating cash flow15.5Capital expenditure−1.5Free cash flow14.0 −50.3%Buybacks0.0Dividends paid−14.8Fiscal year 2024Operating cash flow9.4Capital expenditure−3.3Free cash flow6.2 −55.9%Dividends paid−9.3Fiscal year 2025Operating cash flow17.9Capital expenditure−2.7Free cash flow15.2 +145.1%Dividends paid−9.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 17.5 11.0 19.8 18.8 13.8 22.9 29.5 15.5 9.4 17.9
Capital expenditure −0.6 −0.3 −1.2 −1.0 −1.8 −0.3 −1.3 −1.5 −3.3 −2.7
Free cash flow 16.9 10.7 18.6 17.8 12.0 22.6 28.2 14.0 6.2 15.2
Growth −36.5% +73.4% −4.3% −32.8% +88.5% +25.2% −50.3% −55.9% +145.1%
Buybacks n/a n/a n/a −18.5 −1.7 −13.4 −6.3 0.0 n/a n/a
Dividends paid −8.1 −8.1 −8.4 −9.0 −9.0 −8.8 −9.0 −14.8 −9.3 −9.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Shareholders’ equity178.3Fiscal year 2017Shareholders’ equity184.9Fiscal year 2018Shareholders’ equity190.2Fiscal year 2019Shareholders’ equity183.7Fiscal year 2020Shareholders’ equity200.6Fiscal year 2021Shareholders’ equity191.8Fiscal year 2022Shareholders’ equity122.7Fiscal year 2023Cash86.6Shareholders’ equity140.5Fiscal year 2024Cash108.1Shareholders’ equity156.4Fiscal year 2025Cash59.3Shareholders’ equity184.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash n/a n/a n/a n/a n/a n/a n/a 86.6 108.1 59.3
Shareholders’ equity 178.3 184.9 190.2 183.7 200.6 191.8 122.7 140.5 156.4 184.9

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
349.1% 333.4% 298.6% 336.0% 338.8% 370.3% 454.1% 264.1% 122.5% 234.4%
276.1% 230.5% 257.8% 283.8% 284.3% 306.4% 370.8% 221.9% 102.4% 193.6%
312.3% 175.5% 296.9% 289.2% 211.7% 339.1% 403.8% 198.4% 83.0% 185.3%
Spending
11.7% 4.3% 19.0% 16.8% 32.3% 4.9% 18.0% 21.1% 43.7% 33.5%
20.9% 30.9% 13.7% 15.5% 16.1% 17.3% 18.4% 16.0% 16.4% 17.4%
Returns
8.4% 7.6% 8.5% 9.5% 8.0% 10.6% 21.1% 11.2% 4.9% 8.6%
1.2% 1.1% 1.3% 1.3% 1.1% 1.2% 1.5% 0.9% 0.4% 0.9%
Balance and payout
85.6% 85.3% 84.9% 86.1% 86.8% 88.7% 92.7% 91.5% 91.4% 89.9%
54.0% 57.8% 52.1% 51.7% 56.0% 43.2% 34.5% 94.2% 121.5% 60.7%
47.8% 75.9% 45.3% 154.8% 89.6% 98.2% 54.1% 105.4% 149.9% 63.4%