logo
Share SHARE
FONT-SIZE Plus   Neg

National Bankshares Q1 Profit Rises

National Bankshares Inc. (NKSH) Thursday reported a higher profit for the first quarter, driven mainly by increased revenues.

The Blacksburg, Virginia-based company reported first-quarter net profit of $4.43 million or $0.64 per share, compared to $4.02 million or $0.58 per share last year.

Net interest income for the quarter dropped to $10.0 million from $10.09 million, while non-interest income increased 11.27 percent to $2.15 million from $1.93 million last year.

Total loans for the quarter dropped to $585.49 million from $588.88 million in the prior-year quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Federal investigators have closed their probe of a fatal crash that involved a Tesla Motors Inc. car eight months ago. The regulators said they have found no safety defects in the vehicle's automated driving system and that Tesla's Autopilot-enabled vehicles did not need to be recalled. Consumer goods giant Procter & Gamble Co. on Friday reported a profit for the second quarter that more than doubled from last year on a one-time gain and higher margins, while sales edged lower. Both revenue and core earnings per share for the quarter beat analysts' estimates. General Electric Company (GE) reported that its fourth-quarter Industrial operating plus Verticals EPS, a non-GAAP measure, decreased to $0.46 from $0.52 last year. Industrial operating plus Verticals earnings excluding gains & restructuring was $0.50 compared to $0.47. On average, 17 analysts polled...
comments powered by Disqus
Follow RTT