National Bankshares, Inc. reported a net income of $3.24 million for the first quarter of 2025, an increase from $2.17 million in the same period last year. Diluted EPS also rose to $0.51 from $0.37. The company's total assets reached $1.84 billion, and it saw improvements in net interest margin and noninterest income, partly due to the acquisition of Frontier Community Bank and strategic initiatives.
Net income for Q1 2025 was $3.24 million, up from $2.17 million in Q1 2024.
Diluted EPS for Q1 2025 was $0.51, compared to $0.37 in Q1 2024.
Total assets as of March 31, 2025, were $1.84 billion.
Net interest margin improved due to higher asset yields and lower deposit costs.
National Bankshares is focused on continued growth and efficiency improvements, including the launch of a core systems upgrade. The company aims to expand its presence in the Roanoke Valley and maintain its commitment to shareholder value through its proven business model and strategic growth plan.
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