NASDAQ$NKSH

National Bankshares Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

National Bankshares reported strong earnings driven by lowered interest expenses and reversal of loan loss provisions.

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.

Headline financials

Total Revenue

$13M

Previous: $12.3M+6.1%
EPS (adj)

$0.86

Previous: $0.77+11.7%
Efficiency Ratio

51.3%

Previous: 53.1%-3.3%
Return on Avg Assets

1.3%

No prior period
Return on Avg Equity

10.6%

No prior period
Capital Expenditures

$323K

Previous: $1.82M-82.3%
Free Cash Flow

$4.88M

Previous: $1.82M+168.3%
Net Income

$20.4M

Previous: $16.1M+26.7%
Gross Profit

$13M

Previous: $12.3M+6.1%
Cash & Equivalents

$8.77M

Previous: $13.1M-33.3%
Total Assets

$1.7B

Previous: $1.52B+11.8%

Revenue & EPS history

National Bankshares · Revenue · Quarterly

$13M

Q4 2021+6.1%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-0.6%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+2.0%

Avg return

30 days after

45%

30 / 66 earnings

Positive

+5.9%

Q3 2017

Best reaction

-12.0%

Q3 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.7%-2.3%-3.4%
Q4 2025+0.1%-0.0%+6.9%
Q3 2025-1.1%-0.8%+1.8%
Q2 2025-1.2%+2.1%+5.3%
Q1 2025+0.7%+0.2%-1.9%
Q4 2024-1.6%+0.6%-7.7%
Q3 2024-3.9%+1.0%+7.0%
Q2 2024+0.2%+1.9%+4.8%
Q1 2024+2.9%-1.8%-3.5%
Q4 2023-0.3%-1.0%-17.0%
Q3 2023+0.6%+2.6%+15.9%
Q2 2023-4.6%-6.9%-16.0%
Q1 2023-0.2%+1.4%+7.5%
Q4 2022+0.8%+5.3%+3.6%
Q3 2022-0.2%+3.1%+10.9%
Q2 2022+1.2%+2.8%+8.8%
Q1 2022-2.0%-4.0%-5.3%
Q4 2021+1.3%+1.4%+4.1%
Q3 2021-0.6%+1.4%+3.4%
Q2 2021+0.6%+0.4%+9.7%
Q1 2021+2.8%+3.3%+0.4%
Q4 2020+3.1%+2.0%+13.6%
Q3 2020+5.4%+9.7%+13.8%
Q2 2020+2.3%+7.9%-2.0%
Q1 2020+3.3%-2.8%+26.1%
Q4 2019-1.7%-2.1%-15.9%
Q3 2019+1.1%+0.6%+1.8%
Q2 2019-0.4%-5.1%-6.4%
Q1 2019-0.9%+1.7%-1.2%
Q4 2018+0.9%+7.7%+13.7%
Q3 2018-1.4%+1.4%-2.6%
Q2 2018-1.9%-0.1%-0.6%
Q1 2018+0.2%-0.5%+5.7%
Q4 2017+5.2%+10.1%+14.6%
Q3 2017+5.9%-1.1%-1.8%
Q2 2017-2.4%-2.4%-5.9%
Q1 2017-2.7%-5.7%-7.2%
Q4 2016-6.2%-5.7%-6.2%
Q3 2016-0.9%-1.9%+5.6%
Q2 2016-0.6%-2.8%+1.2%
Q1 2016-2.6%
Q4 2015-0.0%
Q3 2015-7.5%
Q2 2015-2.1%
Q1 2015-0.0%
Q4 2014-1.0%
Q3 2014+0.8%
Q2 2014-2.0%
Q1 2014-3.0%
Q4 2013+0.8%
Q3 2013+3.0%
Q2 2013-0.1%
Q1 2013+2.1%
Q4 2012-1.5%
Q3 2012-12.0%
Q2 2012+0.0%
Q1 2011-1.4%
Q1 2012+1.8%
Q4 2009+0.7%
Q4 2011+0.7%
Q4 2010+0.7%
Q3 2010-10.1%
Q3 2011-10.1%
Q2 2010+4.7%
Q2 2011+4.7%
Q1 2010-4.6%

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