secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL BANKSHARES INC (NKSH)
CIK:        0000796534
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000950170-24-117080
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

National Bankshares Q3 net income down 13% YoY; nine-month earnings drop 61% amid merger costs
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- Nine-month 2024 net income $4.54M ($0.75/share) vs $11.51M ($1.95/share) for same 2023 period.
- Q3 2024 net income $2.68M ($0.42/share) vs $3.07M ($0.52/share) in Q3 2023.
- Merger-related expenses of $2.89M and $1.29M provision for credit loss on acquired FCB loans recorded YTD.
- Acquired Frontier Community Bank on June 1, 2024 for $16.35M in stock/cash; total assets now $1.79B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796534/000095017024117080/0000950170-24-117080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796534/000095017024117080/nksh-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-117080

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer