NATIONAL BANKSHARES INC Earnings Per Share Disclosure
Note 21: Earnings Per Share
The factors used in the earnings per share computation for the periods indicated are presented below:
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For the Year Ended December 31, |
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2025 |
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2024 |
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Net Income |
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Common |
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Per |
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Net Income |
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Common |
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Per |
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||||||
Basic net income per |
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$ |
15,826 |
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|
|
6,359,960 |
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|
$ |
2.49 |
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|
$ |
7,623 |
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|
|
6,161,428 |
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|
$ |
1.24 |
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Dilutive shares(1) |
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|
|
|
|
2,545 |
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|
|
|
|
|
|
|
|
2,182 |
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|
|
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||||
Diluted net income per |
|
$ |
15,826 |
|
|
|
6,362,505 |
|
|
$ |
2.49 |
|
|
$ |
7,623 |
|
|
|
6,163,610 |
|
|
$ |
1.24 |
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 27, 2026 | Showing above |
| 2024 | Mar 28, 2025 | |
| 2023 | Mar 19, 2024 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.