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
Amazon.com on Wednesday announced the launch of Kindle Reading Fund, aiming to donate Kindle e-reader, Fire tablets, and Kindle eBooks globally to make books more easily available for digital reading. For this purpose, the company joining hands with local schools and libraries, hospitals, PTA as well as nonprofit organizations, mainly Worldreader. A federal judge has dismissed a lawsuit that accused Starbucks (SBUX) of cheating customers by "under-filling" its cold beverages. The lawsuit alleged that Starbucks is deceiving its customers by serving iced drinks with too much ice cubes and less coffee "than advertised." "If children have figured... Apparel retailer Guess? Inc. (GES) on Wednesday reported an increase in profit for the second quarter, despite lower-than-expected revenues reflecting a one-time gain. Earnings for the quarter easily trumped Wall Street estimates, sending the company's stock up over 14 percent in extended hours. Guess'...
comments powered by Disqus
Follow RTT