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

Editors Pick
Swiss banking giant UBS Group AG (UBS) reported Friday an increased pre-tax profit for the third quarter despite weakness in net interest income. Net profit, however, decreased on the absence of last year's hefty tax benefit. Looking ahead, UBS said it is unlikely that the underlying macroeconomic uncertainty and geopolitical tensions will change in the foreseeable future. Amazon.com Inc. (AMZN) Thursday reported an increase in profit for the third quarter, driven largely by revenue growth, especially at Amazon Web services. However, shares of the online retailer dropped nearly 5 percent in extended session after its profit fell short of Wall Street estimates. The midpoint... Alphabet Inc., (GOOG, GOOGL), the parent company of Google, Thursday reported a jump in third-quarter profit, largely driven by increase in search and advertising revenues. Earnings and revenues for the quarter trumped Wall Street expectations. Alphabet's third-quarter profit rose to $5.06 billion...
comments powered by Disqus
Follow RTT