National Bankshares Q4 EPS $1.57, full-year $4.33; core net income up 12.4% YoY

NATIONAL BANKSHARES INC

2023-FY EPS reported $4.33 revenue$6,994,000

Net income 2022: $25.93M ($4.33 EPS) vs $20.38M ($3.28) in 2021; Q4 net income $9.31M ($1.57) includes $3.02M after-tax gain from PE sale.
Core net income (ex-gain) $22.91M ($3.83 EPS) for year; grew 12.4% YoY driven by net interest income expansion.
Total assets $1.68B; loans grew 6.16% to $49.5M; deposits decreased $27.9M QoQ amid increased competition in Q4.
Unrealized loss on securities $103.07M due to rate hikes; stockholders' equity down 36% but bank remains well capitalized.
Q4 dividend $0.78/share; share repurchases 67,588 in Q4; combined payout ratio 58.95%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NATIONAL BANKSHARES INC reported the year and quarter ended December 31, 2022 results: net income $25.93 million, EPS $4.33 per common share.

Period: the year and quarter ended December 31, 2022
Net income: $25.93 million
EPS: $4.33 per common share
Result: reported results

Exact text from the filing

The Company reported net income for the year of $25.93 million, or $4.33 per common share, and $9.31 million, or $1.57 per common share, for the fourth quarter.

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Source: SEC EDGAR

accession 0001437749-23-002377

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