---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-002377"
form_type: "8-K"
ticker: "NKSH"
cik: "0000796534"
company_name: "NATIONAL BANKSHARES INC"
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T03:00:49.965238+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001437749-23-002377
- form_type: 8-K
- ticker: NKSH
- cik: 0000796534
- company_name: NATIONAL BANKSHARES INC
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/796534/000143774923002377/0001437749-23-002377-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/796534/000143774923002377/nksh20230127_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-002377
- JSON: https://secwatch.observer/filing/0001437749-23-002377.json
- Plain text: https://secwatch.observer/filing/0001437749-23-002377.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/796534/000143774923002377/0001437749-23-002377-index.htm

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