National Bankshares Q3 net income rises on higher asset yields

National Bankshares

22/10/2026 21:38

Overview
US community bank's Q3 net income rose yr/yr on higher securities and loan yields
Company's net interest margin improved yr/yr and sequentially, aided by lower deposit costs
Noninterest income rose, driven by higher deposit and card fees and improved trust income

Outlook
Company expects continued loan repricing to support income growth in coming quarters
National Bankshares expects securities paydowns and maturities in Q4 to pay off short-term borrowings
Company believes it is well positioned to meet foreseeable liquidity demands

Result Drivers
SECURITIES YIELD IMPROVEMENT - Co said Q3 earnings growth was driven by higher yields on securities following a portfolio restructuring
LOWER DEPOSIT COSTS - Co attributed income growth to reduced deposit costs during 2026
NONINTEREST INCOME GAINS - Co said Q3 noninterest income rose due to higher deposit account fees and improved trust income

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
 
$5.49 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for National Bankshares Inc is $46.75, about 6.2% above its October 21 closing price of $44.04
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Oct 20 - Metropolitan Bank Q3 net interest margin rises on higher yields and loan payoffs
Oct 22 - Amalgamated Financial's Q3 core EPS beats on higher interest income
Oct 20 - Commerce Bancshares Q3 EPS beats, helped by loan growth

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)