•
Jun 30, 2022

National Bankshares Q2 2022 Earnings Report

Reported solid growth in net income, loans, and fee income for the second quarter of 2022.

Key Takeaways

National Bankshares, Inc. reported a net income of $10.46 million for the six months ended June 30, 2022, which translates to $1.74 per common share. The company's total assets reached $1.73 billion by the end of the first half of the year. Key investments were made, including opening a new Loan Production Office and adding ZelleĀ® payment services to the digital banking platform.

Net income increased compared to the same period last year.

Total assets grew to $1.73 billion.

A new Loan Production Office was opened in Charlottesville.

ZelleĀ® payment services were added to the digital banking platform.

Total Revenue
$13.4M
Previous year: $12M
+11.5%
EPS
$0.93
Previous year: $0.74
+25.7%
Efficiency Ratio
49.4%
Previous year: 53.26%
-7.2%
Net Interest Margin
2.7%
Previous year: 2.8%
-3.6%
Gross Profit
$13.4M
Previous year: $12M
+11.5%
Cash and Equivalents
$11.8M
Previous year: $13.8M
-14.6%
Total Assets
$1.73B
Previous year: $1.66B
+4.2%

National Bankshares

National Bankshares

Forward Guidance

This document does not contain forward guidance. Therefore, no data could be extracted.