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National Bankshares Q1 2025 Earnings Report
National Bankshares reported increased net income and improved net interest margin for the first quarter of 2025, driven by higher asset yields and lower deposit costs, and the acquisition of Frontier Community Bank.
Key Takeaways
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.
Forward Guidance
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.
Positive Outlook
- Continued focus on building a brighter future for customers, communities, and shareholders.
- Excitement about the recently opened Roanoke, Virginia, branch office and growth in the Roanoke Valley.
- Anticipated launch of a core systems upgrade in Q2 2025 for better efficiency and enhanced customer experience.
- Commitment to steadfast shareholder value.
- Confidence in their proven business model and strategically sound growth plan.
Challenges Ahead
- The businesses of the Company and Frontier Community Bank (“FCB”) may not be combined successfully, or such combination may take longer, be more difficult, time-consuming or costly to accomplish than expected.
- The expected growth opportunities or cost savings from the merger with FCB may not be fully realized or may take longer to realize than expected.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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