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Dec 31, 2021
National Bankshares Q4 2021 Earnings Report
National Bankshares reported strong earnings driven by lowered interest expenses and reversal of loan loss provisions.
Key Takeaways
National Bankshares, Inc. reported a net income of $20.38 million for the year ended December 31, 2021, compared to $16.08 million for the year ended December 31, 2020. The company's total assets reached $1.70 billion at the end of 2021. Increased fee and noninterest income also contributed to earnings, with steady loan growth and gains in efficiency highlighting the fundamental strength of our business model.
Net income increased by nearly 27% compared to the previous year.
Lowered cost of interest paid on deposits and reversal of loan loss provisions were key drivers of income increase.
Fee and noninterest income contributed to earnings growth.
Total assets reached $1.70 billion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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