Filing Flows › National Bankshares (NKSH) › Q1 2026
National Bankshares (NKSH) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
National Bankshares (NKSH) reported revenue of $15.3M for the first quarter 2026 (Q1 2026), +19% from a year earlier and +0.2% from the quarter before. Operating margin was 39.5%, net earnings $5.0M (32.6% of revenue).
National Bankshares, Q1 2026: revenue $15.3M (+19% year over year), operating margin 39.5%, net earnings $5.0M, operating cash flow $3.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.3M | +0.2% | +19% |
| Operating profit | $6.0M | -16% | +55% |
| Net earnings | $5.0M | -15% | +54% |
| Operating cash flow | $3.3M | -54% | +29% |
| Free cash flow | $3.1M | -54% | +92% |
What changed
Revenue was $15.3M in Q1 2026, up 19% year over year and roughly flat from the previous quarter.
Operating profit was $6.0M, a 39.5% margin (up 9.1 points year over year). Of the extra revenue versus Q1 2025, 86% reached operating profit, above the 30% margin then. Total costs grew 4% against revenue growth of 19%. Net earnings were $5.0M, up 54% year over year. The effective tax rate was 17.6%.
Operating cash flow was $3.3M (up 29% year over year), 66% of net earnings. Non-cash charges added back $401K of depreciation and amortization and $62K of share-based compensation. Working capital and other items used $2.1M. Capital expenditures of $229K left free cash flow of $3.1M.
Questions
What was National Bankshares' revenue in the first quarter 2026?
National Bankshares (NKSH) reported revenue of $15.3M for the first quarter 2026 (Q1 2026), +19% from a year earlier and +0.2% from the quarter before.
Was National Bankshares profitable in the first quarter 2026?
Operating profit was $6.0M (39.5% of revenue) and net earnings $5.0M.