National Bankshares (NKSH) Q4 2025 earnings summary

Executive summary

• Net income for 2025 was $15.83 million ($2.49 per diluted share), up from $7.62 million ($1.24 per share) in 2024, driven by higher loan yields and lower deposit costs.

• Fourth quarter 2025 net income was $5.88 million ($0.92 per share), compared to $3.08 million ($0.48 per share) in Q4 2024.

• Total assets at year-end 2025 were $1.82 billion.

• Strategic initiatives included a core systems conversion and new branch openings in Roanoke and Lynchburg.

Financial highlights

• Net interest income for 2025 was $45.56 million, up from $36.31 million in 2024.

• Net interest margin improved to 2.66% for 2025 from 2.19% in 2024.

• Noninterest income rose to $10.00 million in 2025 from $9.05 million in 2024, driven by higher card fees, insurance, and trust income.

• Noninterest expense increased to $36.41 million in 2025, reflecting core system conversion and integration of acquired operations.

• Book value per share at year-end 2025 was $29.04, up from $24.58 at year-end 2024.

Outlook and guidance

• Management remains committed to growth, customer value, and brand elevation in 2026 and beyond.

• Liquidity position is strong, with substantial borrowing capacity and positive stress test results.