earnings
confidence high
sentiment neutral
materiality 0.60
National Bankshares FY 2024 net income $7.62M ($1.24 EPS); Q4 $3.08M ($0.48 EPS)
NATIONAL BANKSHARES INC
2024-FY EPS reported
$1.24
revenue$7,474,000
- Completed acquisition of Frontier Community Bank on June 1, 2024: recorded $153.39M assets, $129.72M deposits.
- Net interest margin improved Q4 vs Q3 after Fed 100bp rate cuts lowered deposit costs.
- Total assets $1.81B at year-end; regular dividends paid of $1.51 per share in 2024.
- Noninterest expense increased due to FCB acquisition and contract termination; merger costs $2.92M.
- Loan portfolio decreased from Q3 due to real estate construction loan payoffs; credit quality low risk.