View ValuationNational Bankshares 향후 성장Future 기준 점검 1/6National Bankshares의 수익이 할 전망입니다. 주당 순이익은 성장 연간 10.3%만큼 감소할 것으로 예상됩니다.핵심 정보10.1%이익 성장률10.35%EPS 성장률Banks 이익 성장8.5%매출 성장률n/a향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트27 Apr 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBuy Or Sell Opportunity • Jul 03Now 20% undervaluedOver the last 90 days, the stock has risen 1.3% to €31.80. The fair value is estimated to be €39.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 25%.Buy Or Sell Opportunity • Jun 15Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.8% to €29.40. The fair value is estimated to be €37.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 25%.Declared Dividend • May 25Dividend of US$0.75 announcedShareholders will receive a dividend of US$0.75. Ex-date: 26th May 2026 Payment date: 1st June 2026 Dividend yield will be 4.7%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 10% over the next year, which should provide support to the dividend and adequate earnings cover.공고 • Apr 01National Bankshares, Inc., Annual General Meeting, May 12, 2026National Bankshares, Inc., Annual General Meeting, May 12, 2026. Location: at the inn at virginia tech, at 901 prices fork road, blacksburg, virginia. United States공고 • Nov 14National Bankshares, Inc. Approves Semi-Annual Dividend, Payable on December 1, 2025The Board of Directors of National Bankshares, Inc. approved payment on December 1, 2025 of a semi-annual dividend of $0.78 per share to all stockholders of record as of November 24, 2025.공고 • Apr 01National Bankshares, Inc., Annual General Meeting, May 13, 2025National Bankshares, Inc., Annual General Meeting, May 13, 2025. Location: the inn at virginia tech, 901 prices fork road, 901 prices fork road, blacksburg, virginia 24061, virginia United StatesReported Earnings • Oct 25Third quarter 2024 earnings released: EPS: US$0.42 (vs US$0.52 in 3Q 2023)Third quarter 2024 results: EPS: US$0.42 (down from US$0.52 in 3Q 2023). Revenue: US$11.7m (up 5.1% from 3Q 2023). Net income: US$2.68m (down 13% from 3Q 2023). Profit margin: 23% (down from 28% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.공고 • Oct 18National Bankshares, Inc. and The National Bank of Blacksburg Announce Executive ChangesNational Bankshares, Inc. announced the promotion of Lara E. Ramsey to President of the Company and its subsidiary bank, The National Bank of Blacksburg, effective January 1, 2025. Ms. Ramsey has been with the Company since 1996, most recently as Executive Vice President and Chief Operating Officer. During her career at National Bankshares she has led the Company’s Investment, Human Resources, Marketing, Training, Corporate Administration, and Strategic Initiative functions. The Company’s current President and Chief Executive Officer, F. Brad Denardo, will continue to serve as Chairman and Chief Executive Officer of the bank and holding company. A native of Lebanon, Virginia, Ms. Ramsey is a graduate of Radford University with a dual bachelor's degree in Psychology and Economics and a master's degree in Industrial and Organizational Psychology. She is also a graduate of the Virginia Bankers Association’s School of Bank Management, the American Bankers Association’s Stonier Graduate School of Banking, The New River Valley Leadership program, and is a certified Senior Professional in Human Resources. Ms. Ramsey serves on the Radford University Alumni Association Board of Directors and the Radford University Athletic Foundation Board of Directors. She is a past Board Member of both the United Way of the New River Valley and the Montgomery County Chamber of Commerce. Ms. Ramsey resides in Radford with her husband, Sean. The couple have an adult son, Benjamin, who is currently pursuing a master’s degree at Virginia Tech.New Risk • Jul 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (98% payout ratio). Profit margins are more than 30% lower than last year (21% net profit margin). Shareholders have been diluted in the past year (7.9% increase in shares outstanding).Reported Earnings • Jul 26Second quarter 2024 earnings released: US$0.051 loss per share (vs US$0.66 profit in 2Q 2023)Second quarter 2024 results: US$0.051 loss per share (down from US$0.66 profit in 2Q 2023). Revenue: US$9.47m (down 21% from 2Q 2023). Net loss: US$306.0k (down 108% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.공고 • Jun 05Alan Sweet to Serve on the Boards of Directors of National Bankshares and The National Bank of BlacksburgAlan Sweet, former President and Chief Executive Officer of Frontier, will serve on the boards of directors of National Bankshares and The National Bank of Blacksburg (National Bank).Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: US$0.37 (vs US$0.77 in 1Q 2023)First quarter 2024 results: EPS: US$0.37 (down from US$0.77 in 1Q 2023). Revenue: US$10.5m (down 21% from 1Q 2023). Net income: US$2.17m (down 52% from 1Q 2023). Profit margin: 21% (down from 35% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year.Reported Earnings • Mar 21Full year 2023 earnings released: EPS: US$2.66 (vs US$4.33 in FY 2022)Full year 2023 results: EPS: US$2.66 (down from US$4.33 in FY 2022). Revenue: US$47.9m (down 18% from FY 2022). Net income: US$15.7m (down 40% from FY 2022). Profit margin: 33% (down from 44% in FY 2022). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 2.38% (down from 2.88% in FY 2022). Cost-to-income ratio: 61.0% (up from 47.7% in FY 2022). Non-performing loans: 0.31% (down from 0.33% in FY 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.공고 • Feb 29National Bankshares, Inc., Annual General Meeting, May 14, 2024National Bankshares, Inc., Annual General Meeting, May 14, 2024. Location: The Inn at Virginia Tech and Skelton Conference Center 901 Prices Fork Road , Blacksburg Virginia United StatesValuation Update With 7 Day Price Move • Feb 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €25.20, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 15% over the past three years.Reported Earnings • Jan 27Full year 2023 earnings released: EPS: US$2.66 (vs US$4.33 in FY 2022)Full year 2023 results: EPS: US$2.66 (down from US$4.33 in FY 2022). Revenue: US$47.9m (down 18% from FY 2022). Net income: US$15.7m (down 40% from FY 2022). Profit margin: 33% (down from 44% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.공고 • Jan 25National Bankshares, Inc. Appoints Lara E. Ramsey as DirectorNational Bankshares, Inc.’s Board of Directors appointed Lara E. Ramsey as a new director of the Company, effective immediately. Ms. Ramsey has served as Executive Vice President and Chief Operating Officer of the Company since May 2023 and has served in various senior officer positions with the Company and the Bank since 1996.Valuation Update With 7 Day Price Move • Dec 19Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €32.20, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 7x in the Banks industry in Europe. Total loss to shareholders of 6.6% over the past year.Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: US$0.52 (vs US$1.03 in 3Q 2022)Third quarter 2023 results: EPS: US$0.52 (down from US$1.03 in 3Q 2022). Revenue: US$11.2m (down 22% from 3Q 2022). Net income: US$3.07m (down 50% from 3Q 2022). Profit margin: 28% (down from 43% in 3Q 2022).Reported Earnings • Jul 26Second quarter 2023 earnings released: EPS: US$0.66 (vs US$0.93 in 2Q 2022)Second quarter 2023 results: EPS: US$0.66 (down from US$0.93 in 2Q 2022). Revenue: US$12.0m (down 8.3% from 2Q 2022). Net income: US$3.90m (down 30% from 2Q 2022). Profit margin: 33% (down from 43% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 13% p.a. on average during the next 2 years, while revenues in the Banks industry in Europe are expected to grow by 4.4%.Board Change • Jul 26Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 6 highly experienced directors. Chairman, President & CEO F. Denardo was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.이익 및 매출 성장 예측DB:9F2 - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/202658181719N/A12/31/202556161518N/A9/30/202552131316N/A6/30/202550111013N/A3/31/202546948N/A12/31/202444869N/A9/30/202443946N/A6/30/202443979N/A3/31/202445131315N/A12/31/202348161416N/A9/30/202355212325N/A6/30/202358242527N/A3/31/202359262627N/A12/31/202259262830N/A9/30/202253222323N/A6/30/202252212122N/A3/31/202251212223N/A12/31/202151202323N/A9/30/202150202121N/A6/30/202148181819N/A3/31/202145171515N/A12/31/202044161214N/A9/30/202044161517N/A6/30/202044161617N/A3/31/202046171719N/A12/31/20194617N/A19N/A9/30/20194617N/A18N/A6/30/20194617N/A18N/A3/31/20194517N/A19N/A12/31/20184616N/A20N/A9/30/20184715N/A14N/A6/30/20184614N/A14N/A3/31/20184614N/A13N/A12/31/20174514N/A11N/A9/30/20174314N/A15N/A6/30/20174415N/A16N/A3/31/20174415N/A14N/A12/31/20164215N/A18N/A9/30/20164515N/A19N/A6/30/20164515N/A19N/A3/31/20164616N/A21N/A12/31/20154616N/A21N/A9/30/20154716N/A20N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 9F2 의 연간 예상 수익 증가율(10.1%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: 9F2 의 연간 수익(10.1%)이 German 시장(16.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 9F2 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 9F2 의 수익이 German 시장보다 빠르게 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 매출: 9F2 의 수익이 연간 20%보다 빠르게 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 9F2의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YBanks 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/13 01:25종가2026/07/13 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스National Bankshares, Inc.는 2명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Christopher MarinacBrean Capital Historical (Janney Montgomery)Brendan NosalPiper Sandler Companies
Buy Or Sell Opportunity • Jul 03Now 20% undervaluedOver the last 90 days, the stock has risen 1.3% to €31.80. The fair value is estimated to be €39.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 25%.
Buy Or Sell Opportunity • Jun 15Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.8% to €29.40. The fair value is estimated to be €37.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 25%.
Declared Dividend • May 25Dividend of US$0.75 announcedShareholders will receive a dividend of US$0.75. Ex-date: 26th May 2026 Payment date: 1st June 2026 Dividend yield will be 4.7%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 10% over the next year, which should provide support to the dividend and adequate earnings cover.
공고 • Apr 01National Bankshares, Inc., Annual General Meeting, May 12, 2026National Bankshares, Inc., Annual General Meeting, May 12, 2026. Location: at the inn at virginia tech, at 901 prices fork road, blacksburg, virginia. United States
공고 • Nov 14National Bankshares, Inc. Approves Semi-Annual Dividend, Payable on December 1, 2025The Board of Directors of National Bankshares, Inc. approved payment on December 1, 2025 of a semi-annual dividend of $0.78 per share to all stockholders of record as of November 24, 2025.
공고 • Apr 01National Bankshares, Inc., Annual General Meeting, May 13, 2025National Bankshares, Inc., Annual General Meeting, May 13, 2025. Location: the inn at virginia tech, 901 prices fork road, 901 prices fork road, blacksburg, virginia 24061, virginia United States
Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: US$0.42 (vs US$0.52 in 3Q 2023)Third quarter 2024 results: EPS: US$0.42 (down from US$0.52 in 3Q 2023). Revenue: US$11.7m (up 5.1% from 3Q 2023). Net income: US$2.68m (down 13% from 3Q 2023). Profit margin: 23% (down from 28% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
공고 • Oct 18National Bankshares, Inc. and The National Bank of Blacksburg Announce Executive ChangesNational Bankshares, Inc. announced the promotion of Lara E. Ramsey to President of the Company and its subsidiary bank, The National Bank of Blacksburg, effective January 1, 2025. Ms. Ramsey has been with the Company since 1996, most recently as Executive Vice President and Chief Operating Officer. During her career at National Bankshares she has led the Company’s Investment, Human Resources, Marketing, Training, Corporate Administration, and Strategic Initiative functions. The Company’s current President and Chief Executive Officer, F. Brad Denardo, will continue to serve as Chairman and Chief Executive Officer of the bank and holding company. A native of Lebanon, Virginia, Ms. Ramsey is a graduate of Radford University with a dual bachelor's degree in Psychology and Economics and a master's degree in Industrial and Organizational Psychology. She is also a graduate of the Virginia Bankers Association’s School of Bank Management, the American Bankers Association’s Stonier Graduate School of Banking, The New River Valley Leadership program, and is a certified Senior Professional in Human Resources. Ms. Ramsey serves on the Radford University Alumni Association Board of Directors and the Radford University Athletic Foundation Board of Directors. She is a past Board Member of both the United Way of the New River Valley and the Montgomery County Chamber of Commerce. Ms. Ramsey resides in Radford with her husband, Sean. The couple have an adult son, Benjamin, who is currently pursuing a master’s degree at Virginia Tech.
New Risk • Jul 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (98% payout ratio). Profit margins are more than 30% lower than last year (21% net profit margin). Shareholders have been diluted in the past year (7.9% increase in shares outstanding).
Reported Earnings • Jul 26Second quarter 2024 earnings released: US$0.051 loss per share (vs US$0.66 profit in 2Q 2023)Second quarter 2024 results: US$0.051 loss per share (down from US$0.66 profit in 2Q 2023). Revenue: US$9.47m (down 21% from 2Q 2023). Net loss: US$306.0k (down 108% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
공고 • Jun 05Alan Sweet to Serve on the Boards of Directors of National Bankshares and The National Bank of BlacksburgAlan Sweet, former President and Chief Executive Officer of Frontier, will serve on the boards of directors of National Bankshares and The National Bank of Blacksburg (National Bank).
Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: US$0.37 (vs US$0.77 in 1Q 2023)First quarter 2024 results: EPS: US$0.37 (down from US$0.77 in 1Q 2023). Revenue: US$10.5m (down 21% from 1Q 2023). Net income: US$2.17m (down 52% from 1Q 2023). Profit margin: 21% (down from 35% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year.
Reported Earnings • Mar 21Full year 2023 earnings released: EPS: US$2.66 (vs US$4.33 in FY 2022)Full year 2023 results: EPS: US$2.66 (down from US$4.33 in FY 2022). Revenue: US$47.9m (down 18% from FY 2022). Net income: US$15.7m (down 40% from FY 2022). Profit margin: 33% (down from 44% in FY 2022). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 2.38% (down from 2.88% in FY 2022). Cost-to-income ratio: 61.0% (up from 47.7% in FY 2022). Non-performing loans: 0.31% (down from 0.33% in FY 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
공고 • Feb 29National Bankshares, Inc., Annual General Meeting, May 14, 2024National Bankshares, Inc., Annual General Meeting, May 14, 2024. Location: The Inn at Virginia Tech and Skelton Conference Center 901 Prices Fork Road , Blacksburg Virginia United States
Valuation Update With 7 Day Price Move • Feb 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €25.20, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 15% over the past three years.
Reported Earnings • Jan 27Full year 2023 earnings released: EPS: US$2.66 (vs US$4.33 in FY 2022)Full year 2023 results: EPS: US$2.66 (down from US$4.33 in FY 2022). Revenue: US$47.9m (down 18% from FY 2022). Net income: US$15.7m (down 40% from FY 2022). Profit margin: 33% (down from 44% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
공고 • Jan 25National Bankshares, Inc. Appoints Lara E. Ramsey as DirectorNational Bankshares, Inc.’s Board of Directors appointed Lara E. Ramsey as a new director of the Company, effective immediately. Ms. Ramsey has served as Executive Vice President and Chief Operating Officer of the Company since May 2023 and has served in various senior officer positions with the Company and the Bank since 1996.
Valuation Update With 7 Day Price Move • Dec 19Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €32.20, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 7x in the Banks industry in Europe. Total loss to shareholders of 6.6% over the past year.
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: US$0.52 (vs US$1.03 in 3Q 2022)Third quarter 2023 results: EPS: US$0.52 (down from US$1.03 in 3Q 2022). Revenue: US$11.2m (down 22% from 3Q 2022). Net income: US$3.07m (down 50% from 3Q 2022). Profit margin: 28% (down from 43% in 3Q 2022).
Reported Earnings • Jul 26Second quarter 2023 earnings released: EPS: US$0.66 (vs US$0.93 in 2Q 2022)Second quarter 2023 results: EPS: US$0.66 (down from US$0.93 in 2Q 2022). Revenue: US$12.0m (down 8.3% from 2Q 2022). Net income: US$3.90m (down 30% from 2Q 2022). Profit margin: 33% (down from 43% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 13% p.a. on average during the next 2 years, while revenues in the Banks industry in Europe are expected to grow by 4.4%.
Board Change • Jul 26Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 6 highly experienced directors. Chairman, President & CEO F. Denardo was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.