National Bankshares Inc (NKSH) - Net Assets
Based on the latest financial reports, National Bankshares Inc (NKSH) has net assets worth $184.91 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.82 Billion) and total liabilities ($1.64 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check National Bankshares Inc asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $184.91 Million |
| % of Total Assets | 10.13% |
| Annual Growth Rate | 7.26% |
| 5-Year Change | -3.57% |
| 10-Year Change | 3.73% |
| Growth Volatility | 22.9 |
National Bankshares Inc - Net Assets Trend (1995–2025)
This chart illustrates how National Bankshares Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of National Bankshares Inc for the complete picture of this company's asset base.
Annual Net Assets for National Bankshares Inc (1995–2025)
The table below shows the annual net assets of National Bankshares Inc from 1995 to 2025. For live valuation and market cap data, see National Bankshares Inc (NKSH) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $184.91 Million | +18.22% |
| 2024-12-31 | $156.41 Million | +11.31% |
| 2023-12-31 | $140.52 Million | +14.54% |
| 2022-12-31 | $122.69 Million | -36.02% |
| 2021-12-31 | $191.75 Million | -4.41% |
| 2020-12-31 | $200.61 Million | +9.19% |
| 2019-12-31 | $183.73 Million | -3.42% |
| 2018-12-31 | $190.24 Million | +2.89% |
| 2017-12-31 | $184.90 Million | +3.72% |
| 2016-12-31 | $178.26 Million | +3.57% |
| 2015-12-31 | $172.11 Million | +3.49% |
| 2014-12-31 | $166.30 Million | +13.99% |
| 2013-12-31 | $145.89 Million | -2.81% |
| 2012-12-31 | $150.11 Million | +6.24% |
| 2011-12-31 | $141.30 Million | +9.38% |
| 2010-12-31 | $129.19 Million | +5.83% |
| 2009-12-31 | $122.08 Million | +10.87% |
| 2008-12-31 | $110.11 Million | +5.06% |
| 2007-12-31 | $104.80 Million | +8.31% |
| 2006-12-31 | $96.75 Million | +5.24% |
| 2005-12-31 | $91.94 Million | +5.57% |
| 2004-12-31 | $87.09 Million | +7.99% |
| 2003-12-31 | $80.64 Million | +10.31% |
| 2002-12-31 | $73.10 Million | +12.01% |
| 2001-12-31 | $65.26 Million | +9.07% |
| 2000-12-31 | $59.83 Million | +13.61% |
| 1999-12-31 | $52.67 Million | -9.97% |
| 1998-12-31 | $58.50 Million | +8.28% |
| 1997-12-31 | $54.03 Million | +8.49% |
| 1996-12-31 | $49.80 Million | +120.81% |
| 1995-12-31 | $22.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to National Bankshares Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1093.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $202.56 Million | 109.55% |
| Common Stock | $22.02 Million | 11.91% |
| Other Comprehensive Income | $-39.67 Million | -21.46% |
| Total Equity | $184.91 Million | 100.00% |
National Bankshares Inc Competitors by Market Cap
The table below lists competitors of National Bankshares Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CS Disco LLC
NYSE:LAW
|
$231.84 Million |
|
Servotech Power Systems Limited
NSE:SERVOTECH
|
$231.86 Million |
|
Ammo Inc
NASDAQ:POWW
|
$231.88 Million |
|
Centaurus Metals Ltd
AU:CTM
|
$231.90 Million |
|
Darfon Electronics Corp
TW:8163
|
$231.74 Million |
|
Wismilak Inti Makmur Tbk
JK:WIIM
|
$231.71 Million |
|
CJ Freshway Corporation
KQ:051500
|
$231.70 Million |
|
Shanghai Hongda New Material Co Ltd
SHE:002211
|
$231.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in National Bankshares Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 156,409,000 to 184,908,000, a change of 28,499,000 (18.2%).
- Net income of 15,826,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 22,091,000.
- Other factors decreased equity by 9,418,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $15.83 Million | +8.56% |
| Other Comprehensive Income | $22.09 Million | +11.95% |
| Other Changes | $-9.42 Million | -5.09% |
| Total Change | $- | 18.22% |
Book Value vs Market Value Analysis
This analysis compares National Bankshares Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.25x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 12.25x to 1.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $2.97 | $36.40 | x |
| 1996-12-31 | $6.55 | $36.40 | x |
| 1997-12-31 | $7.12 | $36.40 | x |
| 1998-12-31 | $7.70 | $36.40 | x |
| 1999-12-31 | $7.27 | $36.40 | x |
| 2000-12-31 | $8.51 | $36.40 | x |
| 2001-12-31 | $9.28 | $36.40 | x |
| 2002-12-31 | $10.40 | $36.40 | x |
| 2003-12-31 | $11.42 | $36.40 | x |
| 2004-12-31 | $12.32 | $36.40 | x |
| 2005-12-31 | $13.01 | $36.40 | x |
| 2006-12-31 | $13.79 | $36.40 | x |
| 2007-12-31 | $15.05 | $36.40 | x |
| 2008-12-31 | $15.87 | $36.40 | x |
| 2009-12-31 | $17.58 | $36.40 | x |
| 2010-12-31 | $18.59 | $36.40 | x |
| 2011-12-31 | $20.33 | $36.40 | x |
| 2012-12-31 | $21.57 | $36.40 | x |
| 2013-12-31 | $20.94 | $36.40 | x |
| 2014-12-31 | $23.90 | $36.40 | x |
| 2015-12-31 | $24.74 | $36.40 | x |
| 2016-12-31 | $25.62 | $36.40 | x |
| 2017-12-31 | $26.57 | $36.40 | x |
| 2018-12-31 | $27.34 | $36.40 | x |
| 2019-12-31 | $27.92 | $36.40 | x |
| 2020-12-31 | $30.94 | $36.40 | x |
| 2021-12-31 | $30.88 | $36.40 | x |
| 2022-12-31 | $20.48 | $36.40 | x |
| 2023-12-31 | $23.86 | $36.40 | x |
| 2024-12-31 | $25.38 | $36.40 | x |
| 2025-12-31 | $29.06 | $36.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently National Bankshares Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.56%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.55%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 9.87x
- Recent ROE (8.56%) is below the historical average (11.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 14.44% | 37.22% | 0.04x | 9.02x | $1.00 Million |
| 1996 | 12.28% | 38.09% | 0.04x | 7.81x | $1.14 Million |
| 1997 | 12.14% | 40.06% | 0.04x | 7.46x | $1.16 Million |
| 1998 | 11.62% | 19.43% | 0.08x | 7.61x | $950.00K |
| 1999 | 13.47% | 19.14% | 0.08x | 8.96x | $1.83 Million |
| 2000 | 12.22% | 17.22% | 0.07x | 9.92x | $1.33 Million |
| 2001 | 11.21% | 14.42% | 0.08x | 9.88x | $787.90K |
| 2002 | 13.70% | 20.66% | 0.07x | 9.37x | $2.70 Million |
| 2003 | 14.19% | 24.21% | 0.07x | 8.79x | $3.38 Million |
| 2004 | 14.04% | 25.15% | 0.06x | 9.14x | $3.52 Million |
| 2005 | 13.51% | 23.44% | 0.06x | 9.15x | $3.23 Million |
| 2006 | 13.06% | 22.28% | 0.07x | 8.97x | $2.96 Million |
| 2007 | 12.09% | 21.29% | 0.07x | 8.47x | $2.19 Million |
| 2008 | 12.35% | 22.96% | 0.06x | 8.50x | $2.58 Million |
| 2009 | 11.73% | 24.15% | 0.06x | 8.05x | $2.11 Million |
| 2010 | 12.05% | 28.21% | 0.05x | 7.91x | $2.65 Million |
| 2011 | 12.48% | 31.52% | 0.05x | 7.55x | $3.51 Million |
| 2012 | 11.82% | 32.24% | 0.05x | 7.36x | $2.74 Million |
| 2013 | 12.19% | 33.99% | 0.05x | 7.61x | $3.20 Million |
| 2014 | 10.17% | 33.51% | 0.04x | 6.94x | $283.70K |
| 2015 | 9.20% | 31.85% | 0.04x | 6.99x | $-1.38 Million |
| 2016 | 8.38% | 31.10% | 0.04x | 6.92x | $-2.88 Million |
| 2017 | 7.62% | 28.82% | 0.04x | 6.80x | $-4.40 Million |
| 2018 | 8.49% | 31.70% | 0.04x | 6.60x | $-2.87 Million |
| 2019 | 9.51% | 32.38% | 0.04x | 7.19x | $-906.60K |
| 2020 | 8.01% | 30.95% | 0.03x | 7.58x | $-3.98 Million |
| 2021 | 10.63% | 38.16% | 0.03x | 8.88x | $1.21 Million |
| 2022 | 21.14% | 41.48% | 0.04x | 13.67x | $13.66 Million |
| 2023 | 11.17% | 23.01% | 0.04x | 11.78x | $1.64 Million |
| 2024 | 4.87% | 9.64% | 0.04x | 11.58x | $-8.02 Million |
| 2025 | 8.56% | 18.55% | 0.05x | 9.87x | $-2.66 Million |
Industry Comparison
This section compares National Bankshares Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $519,829,600
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| National Bankshares Inc (NKSH) | $184.91 Million | 14.44% | 8.87x | $231.81 Million |
| Ameris Bancorp (ABCB) | $514.76 Million | 7.94% | 9.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $148.70 Million | 9.23% | 10.41x | $5.70 Billion |
| ACNB Corporation (ACNB) | $93.75 Million | 8.98% | 9.33x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $76.38 Million | 0.59% | 3.01x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $96.99 Million | 6.06% | 10.54x | $647.19 Million |
| Amalgamated Bank (AMAL) | $585.36 Million | 15.03% | 12.62x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $577.58 Million | -0.30% | 12.45x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $249.60 Million | 11.75% | 10.06x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.74 Billion | -4.81% | 7.35x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $116.55 Million | 6.07% | 10.46x | $62.60 Million |
About National Bankshares Inc
National Bankshares, Inc. operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking products and services to individuals, businesses, non-profits, and local governments. The company accepts interest-bearing and non-interest-bearing demand deposit accounts, money market deposit accounts, savings accounts, certificates of deposit, health sa… Read more