Quarterly ResultMay 13, 2026, 10:52 AM
NATIONAL BANKSHARES INC Q1 Net Income +54% to $4.98M; EPS $0.78
AI Summary
NATIONAL BANKSHARES INC reported a significant increase in net income and earnings per share for the first quarter of 2026. Net income rose 54% year-over-year to $4.98 million, with basic and diluted EPS climbing to $0.78. This strong performance was primarily driven by a 23% increase in net interest income and a recovery in the provision for credit losses. The company also saw a slight increase in total assets and deposits, while total loans experienced a minor decrease.
Key Highlights
- Net income increased 54% to $4.98 million for Q1 2026 from $3.24 million in Q1 2025.
- Basic and diluted EPS rose 53% to $0.78 in Q1 2026, up from $0.51 in Q1 2025.
- Net interest income grew 23% to $12.62 million in Q1 2026, compared to $10.25 million in Q1 2025.
- The company reported a recovery of credit losses of $73,000 in Q1 2026, versus a provision of $276,000 in Q1 2025.
- Total assets reached $1.83 billion as of March 31, 2026, a slight increase from $1.82 billion at December 31, 2025.
- Total deposits increased to $1.63 billion as of March 31, 2026, from $1.63 billion at December 31, 2025.
- Total loans, net of deferred fees and costs, were $995.39 million as of March 31, 2026.
- Nonaccrual loans increased 83% to $344,000 as of March 31, 2026, from $188,000 at December 31, 2025.
Price Impact
More from NKSH