---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-003759"
form_type: "8-K"
ticker: "NHC"
cik: "0001047335"
company_name: "NATIONAL HEALTHCARE CORP"
filed_at: "2023-02-17T23:59:59+00:00"
generated_at: "2026-06-19T07:45:47.897358+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NHC FY2022 adjusted EPS $2.42 vs $4.06; revenue up 1.1% to $1.09B; stimulus decline hits earnings

## Summary
- GAAP net income $22.4M ($1.45 per share) vs $138.6M ($8.99) in 2021.
- Adjusted net income $37.3M ($2.42 per share) vs $62.6M ($4.06).
- Q4 2022 GAAP net income $6.4M ($0.41) vs $15.8M ($1.02); adjusted Q4 EPS $0.72 vs $1.02.
- Government stimulus income fell $51.9M for the year and $14.5M in Q4, driving the decline.
- Net operating revenues modestly increased 1.1% to $1.086B despite stimulus reduction.

## SEC filing metadata
- accession: 0001437749-23-003759
- form_type: 8-K
- ticker: NHC
- cik: 0001047335
- company_name: NATIONAL HEALTHCARE CORP
- filed_at: 2023-02-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1047335/000143774923003759/0001437749-23-003759-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1047335/000143774923003759/nhc20230217_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-003759
- JSON: https://secwatch.observer/filing/0001437749-23-003759.json
- Plain text: https://secwatch.observer/filing/0001437749-23-003759.txt

## Key facts
- Earnings Releases
  NATIONAL HEALTHCARE CORP reported the quarter ended December 31, 2022 results: net income $6,353,000, EPS $0.41.
  - Period: the quarter ended December 31, 2022
  - Net income: $6,353,000
  - EPS: $0.41
  - Result: reported results
  source text: For the quarter ended December 31, 2022, the reported GAAP net income attributable to NHC was $6,353,000 compared to $15,788,000 for the same period in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1047335/000143774923003759/0001437749-23-003759-index.htm
- Earnings Releases
  NATIONAL HEALTHCARE CORP reported the year ended December 31, 2022 results: revenue $1,085,738,000, net income $22,445,000, EPS $1.45.
  - Period: the year ended December 31, 2022
  - Revenue: $1,085,738,000
  - Net income: $22,445,000
  - EPS: $1.45
  - Result: reported results
  source text: National HealthCare Corporation (NYSE American: NHC), the nation's oldest publicly traded senior health care company, announced today net operating revenues and grant income for the year ended December 31, 2022 totaled $1,085,738,000 compared to $1,074,302,000 for the year ended December 31, 2021, an increase of 1.1%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1047335/000143774923003759/0001437749-23-003759-index.htm

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