---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-428986"
form_type: "8-K"
ticker: "NKSH"
cik: "0000796534"
company_name: "NATIONAL BANKSHARES INC"
filed_at: "2026-10-22T20:30:15+00:00"
generated_at: "2026-10-22T20:31:28.009565+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# National Bankshares Q3 net income $5.49M, EPS $0.86 vs $0.69; NIM up 49 bps YoY

## Summary
- Q3 net income $5.49M or $0.86 diluted EPS vs $4.42M or $0.69 in Q3 2025; nine-month net income $15.50M or $2.43 vs $9.95M or $1.56.
- Net interest margin improved 21 bps Q3 vs Q2, 49 bps YoY, and 51 bps YTD on higher asset yields and lower deposit costs.
- Q2 2026 gain $6.57M on sale of Bearing Insurance Group membership; securities repositioning sold $131.87M at 1.80% yield, bought $127.33M MBS at 5.26%, $6.55M pretax loss.
- Total assets $1.78B; deposits fell QoQ on municipal cyclicality; municipal deposits 19% of total, ~21% of non-municipal deposits uninsured.
- Paid semiannual dividend of $0.75/share on June 1, 2026; CEO cites YTD earnings up over 55% (33% adjusted for nonrecurring items) and Q3 vs Q2 up over 9%.

## SEC filing metadata
- accession: 0001193125-26-428986
- form_type: 8-K
- ticker: NKSH
- cik: 0000796534
- company_name: NATIONAL BANKSHARES INC
- filed_at: 2026-10-22T20:30:15+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/796534/000119312526428986/0001193125-26-428986-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/796534/000119312526428986/nksh-20261022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-428986
- JSON: https://secwatch.observer/filing/0001193125-26-428986.json
- Plain text: https://secwatch.observer/filing/0001193125-26-428986.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.