Filing Flows › National Bankshares (NKSH) › Q4 2024
National Bankshares (NKSH) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 28, 2025
National Bankshares (NKSH) reported revenue of $12.2M for the fourth quarter 2024 (Q4 2024), +14% from a year earlier and +4% from the quarter before. Operating margin was 30.1%, net earnings $3.1M (25.1% of revenue).
National Bankshares, Q4 2024: revenue $12.2M (+14% year over year), operating margin 30.1%, net earnings $3.1M, operating cash flow $5.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.2M | +4% | +14% |
| Operating profit | $3.7M | +14% | -27% |
| Net earnings | $3.1M | +15% | -26% |
| Operating cash flow | $5.4M | +73% | +147% |
| Free cash flow | $4.5M | +106% | +127% |
What changed
Revenue was $12.2M in Q4 2024, up 14% year over year and up 4% from the previous quarter.
Operating profit was $3.7M, a 30.1% margin (down 17.1 points year over year). Operating profit fell $1.4M even though revenue rose $1.5M versus a year earlier, so costs grew faster than sales. Total costs grew 51% against revenue growth of 14%. Net earnings were $3.1M, down 26% year over year. The effective tax rate was 16.5%.
Operating cash flow was $5.4M (up 147% year over year), 176% of net earnings. Non-cash charges added back $340K of depreciation and amortization and $35K of share-based compensation. Working capital and other items added $2.0M. Capital expenditures of $1.0M left free cash flow of $4.5M.
Questions
What was National Bankshares' revenue in the fourth quarter 2024?
National Bankshares (NKSH) reported revenue of $12.2M for the fourth quarter 2024 (Q4 2024), +14% from a year earlier and +4% from the quarter before.
Was National Bankshares profitable in the fourth quarter 2024?
Operating profit was $3.7M (30.1% of revenue) and net earnings $3.1M.