secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL BANKSHARES INC (NKSH)
CIK:        0000796534
Form:       8-K
Filed at:   2026-10-22T20:30:15+00:00
Accession:  0001193125-26-428986
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796534/000119312526428986/0001193125-26-428986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796534/000119312526428986/nksh-20261022.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-428986

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