Filing Flows › National Bankshares (NKSH) › Q1 2025
National Bankshares (NKSH) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
National Bankshares (NKSH) reported revenue of $12.8M for the first quarter 2025 (Q1 2025), +23% from a year earlier and +5% from the quarter before. Operating margin was 30.5%, net earnings $3.2M (25.3% of revenue).
National Bankshares, Q1 2025: revenue $12.8M (+23% year over year), operating margin 30.5%, net earnings $3.2M, operating cash flow $2.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.8M | +5% | +23% |
| Operating profit | $3.9M | +6% | +45% |
| Net earnings | $3.2M | +5% | +49% |
| Operating cash flow | $2.6M | -53% | -33% |
| Free cash flow | $1.6M | -64% | -55% |
What changed
Revenue was $12.8M in Q1 2025, up 23% year over year and up 5% from the previous quarter.
Operating profit was $3.9M, a 30.5% margin (up 4.7 points year over year). Of the extra revenue versus a year earlier, 51% reached operating profit, above the 26% margin then. Total costs grew 15% against revenue growth of 23%. Net earnings were $3.2M, up 49% year over year. The effective tax rate was 17.1%.
Operating cash flow was $2.6M (down 33% year over year), 79% of net earnings. Non-cash charges added back $345K of depreciation and amortization and $43K of share-based compensation. Working capital and other items used $1.1M. Capital expenditures of $1.0M left free cash flow of $1.6M.
Questions
What was National Bankshares' revenue in the first quarter 2025?
National Bankshares (NKSH) reported revenue of $12.8M for the first quarter 2025 (Q1 2025), +23% from a year earlier and +5% from the quarter before.
Was National Bankshares profitable in the first quarter 2025?
Operating profit was $3.9M (30.5% of revenue) and net earnings $3.2M.