National Bankshares (NASDAQ:NKSH) Full Year 2023 Results

Key Financial Results

• Revenue: US$47.9m (down 18% from FY 2022).

• Net income: US$15.7m (down 40% from FY 2022).

• Profit margin: 33% (down from 44% in FY 2022). The decrease in margin was driven by lower revenue.

• EPS: US$2.66 (down from US$4.33 in FY 2022).

NKSH Banking Performance Indicators

• Net interest margin (NIM): 2.38% (down from 2.88% in FY 2022).

• Cost-to-income ratio: 61.0% (up from 47.7% in FY 2022).

• Non-performing loans: 0.31% (down from 0.33% in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

National Bankshares' share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on National Bankshares' balance sheet health.

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