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: email@example.com