Business News • MarketWire • National Bankshares, Inc. Posts 15% Increase in First Half Earnings |
National Bankshares, Inc. Posts 15% Increase in First Half Earnings |
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National Bankshares, Inc. Posts 15% Increase in First Half Earnings
BLACKSBURG, VA--(Marketwire - July 15, 2010) - National Bankshares, Inc. (NASDAQ: NKSH)
announced second quarter net income of nearly $4.0 million. This is a
19.03% increase over the nearly $3.36 million reported at June 30, 2009.
For the six months ended June 30, 2010, the Company posted record net
income of nearly $7.77 million, up by 15.14% over the record $6.74 million
earned in the first six months last year. This translates to basic net
income per share of $0.58 and $1.12 for the second quarter and the first
six months of 2010, respectively. In 2009, basic net income per share was
$0.48 for the second quarter and $0.97 for the first half of the year.
Total loans of nearly $583.93 million at June 30, 2010 were slightly higher
than the $577.23 million reported on June 30, 2009, but were slightly lower
than the $591.01 million at December 31, 2009. At June 30, 2010, the
Company had total assets of $994.88 million
View More : http://www.marketwire.com/mw/release.do?id=1291097&sourceType=3
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