National Bankshares Q4 2019 Earnings Report
Key Takeaways
National Bankshares, Inc. reported a net income of $4.78 million, or $0.74 per common share, for the quarter ended December 31, 2019. The company's total assets reached $1.32 billion by the end of 2019.
Net Income increased $1.32 million from $16.15 million for the year ended December 31, 2018 to $17.47 million for the year ended December 31, 2019, including $566,000 (pre-tax) in realized gains from a partial restructure of the securities portfolio.
Earnings per share increased $0.33 from $2.32 for the year ended December 31, 2018 to $2.65 for the year ended December 31, 2019.
Return on average assets increased to 1.39% for the year ended December 31, 2019, from 1.29% for the year ended December 31, 2018.
Return on average equity increased to 9.87% for the year ended December 31, 2019, from 8.65% for the year ended December 31, 2018.