earnings
confidence high
sentiment negative
materiality 0.75
National Bankshares Q3 net income down 13% YoY; nine-month earnings drop 61% amid merger costs
NATIONAL BANKSHARES INC
2024-Q3 EPS reported
$0.75
revenue$5,621,000
- Nine-month 2024 net income $4.54M ($0.75/share) vs $11.51M ($1.95/share) for same 2023 period.
- Q3 2024 net income $2.68M ($0.42/share) vs $3.07M ($0.52/share) in Q3 2023.
- Merger-related expenses of $2.89M and $1.29M provision for credit loss on acquired FCB loans recorded YTD.
- Acquired Frontier Community Bank on June 1, 2024 for $16.35M in stock/cash; total assets now $1.79B.