Demonstrações financeiras detalhadas de National Bankshares, Inc. (NKSH): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
National Bankshares, Inc. registou receitas de $85.3M no último exercício, com um CAGR de 5 anos de 10.4%. O lucro líquido atingiu $15.8M, com CAGR de 5 anos de -0.3%.
Margens dos últimos 12 meses: margem bruta 63.4%, margem operacional 17.5%, margem líquida 28.1%. O fluxo de caixa livre cresceu a CAGR de 4.8% em 5 anos.
Ao preço atual de $42.41, NKSH negocia a um P/L de 13.44 e um ROE de 10.92%. A capitalização de mercado é de $270M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $48.0M | $48.9M | $51.0M | $53.9M | $52.0M | $53.4M | $62.5M | $68.2M | $79.1M | $85.3M |
| Custo da Receita | $5.8M | $4.3M | $5.0M | $7.5M | $7.8M | $2.7M | $3.8M | $20.3M | $35.0M | $29.7M |
| Lucro Bruto | $42.2M | $44.6M | $46.0M | $46.4M | $44.1M | $50.7M | $58.7M | $47.9M | $44.1M | $55.6M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $13.3M | $14.1M | $14.9M | $15.1M | $14.8M | $16.2M | $17.0M | $18.1M | $20.0M | $23.9M |
| Despesas Operacionais | $23.3M | $24.2M | $27.3M | $25.8M | $25.0M | $26.1M | $27.0M | $29.2M | $35.0M | $36.4M |
| Lucro Operacional | $18.9M | $20.4M | $18.7M | $20.7M | $19.2M | $24.6M | $31.8M | $18.7M | $9.1M | $19.2M |
| EBITDA | $20.0M | $21.3M | $19.5M | $21.4M | $19.9M | $25.3M | $32.4M | $19.4M | $10.3M | $20.6M |
| Despesas com Juros | $4.2M | $4.1M | $5.0M | $7.4M | $5.8M | $3.1M | $3.1M | $21.6M | $33.7M | $29.8M |
| Lucro Antes de Impostos | $18.9M | $20.4M | $18.7M | $20.7M | $19.2M | $24.6M | $31.8M | $18.7M | $9.1M | $19.2M |
| Imposto | $4.0M | $6.3M | $2.6M | $3.2M | $3.1M | $4.3M | $5.8M | $3.0M | $1.5M | $3.3M |
| Lucro Líquido | $14.9M | $14.1M | $16.2M | $17.5M | $16.1M | $20.4M | $25.9M | $15.7M | $7.6M | $15.8M |
| LPA | $2.15 | $2.03 | $2.32 | $2.65 | $2.48 | $3.28 | $4.33 | $2.66 | $1.24 | $2.49 |
| LPA Diluído | $2.15 | $2.03 | $2.32 | $2.65 | $2.48 | $3.28 | $4.33 | $2.66 | $1.24 | $2.49 |
| Ações em Circulação (Diluídas) | $7.0M | $7.0M | $7.0M | $6.6M | $6.5M | $6.2M | $6.0M | $5.9M | $6.2M | $6.4M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $21.4M | $22.2M | $21.6M | $6.9M |
| Lucro Bruto | $13.8M | $15.9M | $15.4M | $671000 |
| Lucro Operacional | $5.4M | $7.2M | $6.0M | -$6.0M |
| EBITDA | $5.8M | $7.6M | $6.4M | -$6.4M |
| Lucro Líquido | $4.4M | $5.9M | $5.0M | $5.0M |
| LPA | $0.69 | $0.92 | $0.78 | $0.79 |
| LPA Diluído | $0.69 | $0.92 | $0.78 | $0.79 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $94.2M | $64.2M | $56.4M | $87.2M | $133.9M | $138.8M | $71.4M | $86.6M | $107.8M | $59.2M |
| Investimentos de Curto Prazo | $304.3M | $331.4M | $425.0M | $435.3M | $546.7M | $686.1M | $656.9M | $618.6M | $33.7M | $23.5M |
| Contas a Receber | $5.3M | $5.3M | $5.2M | $4.3M | $5.0M | $5.1M | $6.0M | $6.3M | $6.5M | $6.5M |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $403.8M | $400.8M | $486.5M | $526.7M | $685.6M | $830.0M | $734.3M | $711.5M | $148.0M | $89.3M |
| Imobilizado | $8.9M | $8.2M | $8.6M | $8.9M | $10.0M | $9.7M | $10.4M | $11.1M | $16.9M | $20.3M |
| Ágio | $5.8M | $5.8M | $5.8M | $5.8M | $5.8M | $5.8M | $5.8M | $5.8M | $10.7M | $10.7M |
| Ativos Intangíveis | $118000 | $50000 | 0 | 0 | 0 | 0 | 0 | 0 | $1.9M | $1.5M |
| Ativos Totais | $1.23B | $1.26B | $1.26B | $1.32B | $1.52B | $1.70B | $1.68B | $1.66B | $1.81B | $1.82B |
| Contas a Pagar | $55000 | $62000 | $89000 | $144000 | $56000 | $48000 | $106000 | $1.4M | $1.5M | $1.6M |
| Dívida de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Passivos Circulantes | $1.04B | $1.06B | $1.05B | $1.12B | $1.30B | $1.49B | $1.54B | $1.51B | $1.65B | $1.63B |
| Dívida de Longo Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Passivos Totais | $1.06B | $1.07B | $1.07B | $1.14B | $1.32B | $1.51B | $1.55B | $1.51B | $1.66B | $1.64B |
| Reservas | $178.2M | $185.9M | $193.6M | $184.1M | $189.5M | $188.2M | $199.1M | $198.0M | $196.3M | $202.6M |
| Patrimônio Líquido | $178.3M | $184.9M | $190.2M | $183.7M | $200.6M | $191.8M | $122.7M | $140.5M | $156.4M | $184.9M |
| Dívida Total | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dívida Líquida | -$398.5M | -$395.5M | -$481.4M | -$522.4M | -$680.6M | -$824.9M | -$728.3M | -$705.2M | -$141.5M | -$82.7M |
| Capital de Giro | -$639.7M | -$659.0M | -$565.5M | -$593.2M | -$611.6M | -$664.7M | -$808.5M | -$793.9M | -$1.50B | -$1.54B |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $42.3M | $59.2M | $62.2M | $8.9M |
| Ativos Totais | $1.80B | $1.82B | $1.83B | $1.83B |
| Passivos Totais | $1.62B | $1.64B | $1.64B | $1.64B |
| Patrimônio Líquido | $179.2M | $184.9M | $187.4M | $192.2M |
| Dívida Total | 0 | 0 | 0 | 0 |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $14.9M | $14.1M | $16.2M | $17.5M | $16.1M | $20.4M | $25.9M | $15.7M | $7.6M | $15.8M |
| Depreciação e Amortização | $1.1M | $873000 | $816000 | $739000 | $708000 | $636000 | $609000 | $754000 | $1.1M | $2.2M |
| Compensação em Ações | $150000 | 0 | 0 | 0 | 0 | $360000 | 0 | $42000 | $128000 | $193000 |
| Variação Capital de Giro | $905000 | -$2.5M | $3.5M | $2.1M | -$760000 | $1.1M | $1.2M | -$3.5M | -$2.0M | $1.1M |
| Fluxo de Caixa Operacional | $17.5M | $11.0M | $19.8M | $18.8M | $13.8M | $22.9M | $29.5M | $15.5M | $9.4M | $17.9M |
| CapEx | -$634000 | -$261000 | -$1.2M | -$1.0M | -$1.8M | -$323000 | -$1.3M | -$1.5M | -$3.3M | -$2.7M |
| Aquisições | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $6.9M | 0 |
| Recompra de Ações | 0 | 0 | 0 | -$18.5M | -$1.7M | -$13.4M | -$6.3M | 0 | 0 | 0 |
| Dividendos Pagos | -$8.1M | -$8.1M | -$8.4M | -$9.0M | -$9.0M | -$8.8M | -$8.9M | -$14.8M | -$9.3M | -$9.6M |
| Fluxo de Caixa Livre | $16.9M | $10.7M | $18.6M | $17.8M | $12.0M | $22.6M | $28.2M | $14.0M | $6.2M | $15.2M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $6.1M | $7.1M | $3.3M | $3.5M |
| CapEx | $1.5M | -$432000 | -$229000 | $229000 |
| Fluxo de Caixa Livre | $7.6M | $6.7M | $3.1M | $3.7M |
| Dividendos Pagos | 0 | -$5.0M | 0 | -$4.8M |
| Compensação em Ações | $49000 | $50000 | $62000 | 0 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +1.8% | +4.2% | +5.9% | -3.7% | +2.8% | +17.0% | +9.1% | +16.0% | +7.9% |
| Crescimento Lucro Líquido (anual) | | -5.7% | +14.6% | +8.1% | -8.0% | +26.8% | +27.2% | -39.5% | -51.4% | +107.6% |
| Crescimento LPA (anual) | | -5.6% | +14.3% | +14.2% | -6.4% | +32.3% | +32.0% | -38.6% | -53.4% | +100.8% |
| Variação de Ações (anual) | | +0.0% | +0.0% | -5.4% | -1.5% | -4.2% | -3.5% | -1.7% | +4.6% | +3.2% |
| Crescimento FCF (anual) | | -36.5% | +73.1% | -4.2% | -32.8% | +88.5% | +25.2% | -50.3% | -55.9% | +145.1% |
| Margem Bruta | 87.9% | 91.2% | 90.3% | 86.1% | 84.9% | 94.9% | 93.9% | 70.2% | 55.8% | 65.1% |
| Margem Operacional | 39.3% | 41.7% | 36.7% | 38.3% | 36.9% | 46.1% | 50.8% | 27.4% | 11.5% | 22.5% |
| Margem EBITDA | 41.5% | 43.5% | 38.3% | 39.7% | 38.2% | 47.3% | 51.8% | 28.5% | 13.0% | 24.2% |
| Margem Líquida | 31.1% | 28.8% | 31.7% | 32.4% | 30.9% | 38.2% | 41.5% | 23.0% | 9.6% | 18.6% |
| Margem FCF | 35.2% | 22.0% | 36.5% | 33.0% | 23.0% | 42.2% | 45.2% | 20.6% | 7.8% | 17.8% |
| Taxa Efetiva de Imposto | 20.9% | 30.9% | 13.7% | 15.5% | 16.1% | 17.3% | 18.4% | 16.0% | 16.4% | 17.4% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $2.43 | $1.54 | $2.67 | $2.70 | $1.85 | $3.63 | $4.72 | $2.38 | $1.00 | $2.38 |
| Dividendo por Ação | $1.16 | $1.17 | $1.21 | $1.37 | $1.39 | $1.42 | $1.49 | $2.51 | $1.50 | $1.51 |
| Ações em Circulação (Básicas) | $7.0M | $7.0M | $7.0M | $6.6M | $6.5M | $6.2M | $6.0M | $5.9M | $6.2M | $6.4M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Retorno sobre patrimônio | 10.92% |
| Retorno sobre capital investido | -1.11% |
| Retorno sobre ativos | 1.11% |
| Margem bruta | 63.39% |
| Margem operacional | 17.47% |
| Margem líquida | 28.14% |
Saúde financeira
| Dívida / Patrimônio | 0.00 |
| Liquidez corrente | 0.41 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 20.21 | 22.39 | 15.70 | 16.95 | 12.62 | 10.93 | 9.31 | 12.16 | 23.15 | 13.47 |
| P/VP | 1.70 | 1.71 | 1.33 | 1.61 | 1.01 | 1.16 | 1.97 | 1.36 | 1.13 | 1.15 |
| P/V | 6.29 | 6.47 | 4.97 | 5.48 | 3.91 | 4.17 | 3.86 | 2.79 | 2.24 | 2.50 |
| Margem Bruta | 87.9% | 91.2% | 90.3% | 86.1% | 84.9% | 94.9% | 93.9% | 70.2% | 55.8% | 65.1% |
| Margem Operacional | 39.3% | 41.7% | 36.7% | 38.3% | 36.9% | 46.1% | 50.8% | 27.4% | 11.5% | 22.5% |
| Margem Líquida | 31.1% | 28.8% | 31.7% | 32.4% | 30.9% | 38.2% | 41.5% | 23.0% | 9.6% | 18.6% |