National Bankshares Q2 net income $5.03M ($0.79 EPS) vs $2.29M YoY; sells insurance stake, repositions securities

NATIONAL BANKSHARES INC

Q2 2026 net income $5.03M ($0.79 diluted EPS) vs $2.29M ($0.36) in Q2 2025; six-month net income $10.01M ($1.57) vs $5.53M ($0.87).
Recorded $6.57M gain on sale of Bearing Insurance Group membership interest during Q2.
Repositioned securities: sold $131.87M (1.80% yield), bought $127.33M MBS (5.26% yield); pre-tax loss $6.55M, expected recovery in ~1.8 years.
Repositioning expected to add $4.25M annual interest income, 12 bps to 2026 NIM and 24 bps to 2027 NIM.
Paid semiannual dividend of $0.75 on June 1, 2026; total assets $1.83B; loans grew, credit quality remains low.

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