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National Bankshares (NKSH) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 12, 2026 · National Bankshares (NKSH) Q2 2026 earnings results →
Q2 2026 Revenue up 18% year over year to $15.7M · 32¢ of every $1 of revenue kept as net profit · operating margin 38.7%
National Bankshares made $15.7M in Q2 2026 (+18% Y/Y). Operating margin 38.7%, net earnings $5.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 12, 2026.
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What changed this quarter
Revenue was $15.7M in Q2 2026, up 18% year over year and up 3% from the previous quarter.
Operating profit was $6.1M, a 38.7% margin (up 18.7 points year over year). Of the extra revenue versus Q2 2025, 141% reached operating profit, above the 20% margin then. Total costs fell 9% while revenue rose 18%. The fastest-growing cost line was Credit loss provision (+781%). Net earnings were $5.0M, up 120% year over year. The effective tax rate was 17.2%.
Operating cash flow was $3.5M (up 70% year over year), 70% of net earnings. Non-cash charges added back $404K of depreciation and amortization and $63K of share-based compensation. Working capital and other items used $2.0M. Capital expenditures of $190K left free cash flow of $3.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 12, 2026 | $15.7M | +18% | 38.7% | $5.0M | $3.5M |
| Q1 2026 | 10-Q | May 13, 2026 | $15.3M | +19% | 39.5% | $5.0M | $3.3M |
| Q4 2025 | 10-K | Mar 27, 2026 | $15.3M | +25% | 47.4% | $5.9M | $7.1M |
| Q3 2025 | 10-Q | Nov 13, 2025 | $14.2M | +21% | 37.9% | $4.4M | $6.1M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $13.3M | +21% | 20.0% | $2.3M | $2.1M |
| Q1 2025 | 10-Q | May 14, 2025 | $12.8M | +23% | 30.5% | $3.2M | $2.6M |
| Q4 2024 | 10-K | Mar 28, 2025 | $12.2M | +14% | 30.1% | $3.1M | $5.4M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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About National Bankshares
National Bankshares, Inc. (the “Company” or “NBI”) is a financial holding company that was organized in 1986 under the laws of Virginia and is registered under the Bank Holding Company Act of 1956, as amended ("BHCA"). National Bankshares, Inc. common stock is listed on the Nasdaq Capital Market and is traded under the symbol “NKSH.” It conducts most of its operations through its wholly-owned community bank subsidiary, The National Bank of Blacksburg (the “Bank” or “NBB”). It also owns National Bankshares Financial Services, Inc. (“NBFS”), which does business as National Bankshares Insurance Services and National Bankshares Investment Services. References in this report to “we,” “us,” or “our” refer to NBI unless the context indicates that the reference is to NBB.
In its own words, from its 10-K, filed Mar 27, 2026.
National Bankshares against its National Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +18% against the peers' median +8%. Operating margin: 38.7% against the peers' median 32.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NKSH National Bankshares | Q2 2026 | $15.7M | +18% | 38.7% |
| JPM JPMorgan Chase | Q3 2026 | $50.2B | +8% | 40.1% |
| BAC Bank of America | Q3 2026 | $30.0B | +3% | 29.9% |
| C Citigroup | Q3 2026 | $23.8B | +8% | 30.6% |
| WFC Wells Fargo | Q3 2026 | $21.9B | +2% | 32.5% |
| COF Capital One Financial | Q3 2026 | $16.3B | +6% | 28.0% |
| USB US Bancorp | Q3 2026 | $8.0B | +9% | 35.1% |
| PNC PNC Financial Services Group | Q3 2026 | $6.6B | +11% | 40.0% |
| TFC Truist Financial | Q3 2026 | $3.7B | -28% | 23.9% |
Source: National Bankshares 10-Q on SEC EDGAR · CIK 796534 · National Commercial Banks
13F: who owns NKSH and who is buying
More on NKSH
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results