Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

National Bankshares Q1 Profit Rises

National Bankshares Inc. (NKSH: Quote) 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.

Click here to receive FREE breaking news email alerts for National Bankshares Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Stocks are likely to jump sharply at the start of trading on Friday, extending the upward move seen over the course of the previous session. The major index futures are currently pointing to a substantially higher open for the markets, with the Dow futures up by 169 points. Eurozone inflation rose slightly in October but it remained consistently below 1 percent, signifying the risk of deflation in the currency bloc. At the same time, the unemployment rate held steady at an elevated level in September. Inflation rose marginally to 0.4 percent in October from 0.3 percent in September, flash data from Eurostat showed Friday. Russia's central bank lifted its key rate sharply by a bigger-than-expected 150 basis points to counteract the slide in ruble and rising inflation. The Bank of Russia decided on Friday to raise its key rate to 9.50 percent from 8 percent. The bank was expected to hike its rate by 50 basis points. This was the fourth interest rate increase this year.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.