Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.41M | $6.11M | $6.27M | $6.15M | $5.65M | $6.65M | $6.99M | $7.07M | $7.45M | $8.18M |
| Revenue growth | — | 13.0% | 2.5% | -1.8% | -8.1% | 17.7% | 5.1% | 1.1% | 5.3% | 9.8% |
| Net income | $14.9M | $14.1M | $16.2M | $17.5M | $16.1M | $20.4M | $25.9M | $15.7M | $7.62M | $15.8M |
| Net margin | 276.1% | 230.5% | 257.8% | 283.8% | 284.3% | 306.4% | 370.8% | 221.9% | 102.4% | 193.6% |
| EPS (diluted) | $2.15 | $2.03 | $2.32 | $2.65 | $2.48 | $3.28 | $4.33 | $2.66 | $1.24 | $2.49 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $17.5M | $11.0M | $19.8M | $18.8M | $13.8M | $22.9M | $29.5M | $15.5M | $9.44M | $17.9M |
| Capital expenditures | $634K | $261K | $1.19M | $1.03M | $1.82M | $323K | $1.26M | $1.49M | $3.26M | $2.74M |
| Free cash flow | $16.9M | $10.7M | $18.6M | $17.8M | $12.0M | $22.6M | $28.2M | $14.0M | $6.18M | $15.2M |
| Share buybacks | — | — | — | $18.5M | $1.72M | $13.4M | $6.34M | $0.00 | — | — |
| Dividends paid | $8.07M | $8.14M | $8.42M | $9.03M | $9.00M | $8.81M | $8.95M | $14.8M | $9.26M | $9.61M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | — | — | — | — | — | — | $86.6M | $108M | $59.3M |
| Total assets | $1.23B | $1.26B | $1.26B | $1.32B | $1.52B | $1.70B | $1.68B | $1.66B | $1.81B | $1.82B |
| Total liabilities | $1.06B | $1.07B | $1.07B | $1.14B | $1.32B | $1.51B | $1.55B | $1.51B | $1.66B | $1.64B |
| Shareholders' equity | $178M | $185M | $190M | $184M | $201M | $192M | $123M | $141M | $156M | $185M |
| Retained earnings | $178M | $186M | $194M | $184M | $190M | $188M | $199M | $198M | $196M | $203M |
| Shares (wtd avg diluted) | 6.96M | 6.96M | 6.96M | 6.58M | 6.48M | 6.21M | 5.99M | 5.89M | 6.16M | 6.36M |
Every figure is extracted from NATIONAL BANKSHARES INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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