---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-020344"
form_type: "8-K"
ticker: "NKSH"
cik: "0000796534"
company_name: "NATIONAL BANKSHARES INC"
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:58:26.644923+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# National Bankshares Q2 net income falls 30% to $3.9M; EPS $0.66 vs $0.93

## Summary
- Net income $3.9M ($0.66 EPS) vs $5.57M ($0.93 EPS) in Q2 2022, down 30%.
- Six-month net income $8.43M ($1.43 EPS) vs $10.46M ($1.74 EPS) year ago.
- Net interest margin compressed due to rising deposit costs outpacing loan yields.
- Noninterest income boosted by $2.97M gain on VISA stock sale and $1.04M BOLI payout, offset by $3.34M loss on securities sale.
- Paid $0.73 semiannual dividend in June plus $1.00 special dividend in Q1; total payout ratio 120.84% for H1 2023.

## SEC filing metadata
- accession: 0001437749-23-020344
- form_type: 8-K
- ticker: NKSH
- cik: 0000796534
- company_name: NATIONAL BANKSHARES INC
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/796534/000143774923020344/0001437749-23-020344-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/796534/000143774923020344/nksh20230719_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-020344
- JSON: https://secwatch.observer/filing/0001437749-23-020344.json
- Plain text: https://secwatch.observer/filing/0001437749-23-020344.txt

## Key facts
- Earnings Releases
  NATIONAL BANKSHARES INC reported the second quarter and first half of 2023 results: net income $3.90 million, or basic earnings per common share of $0.66, for the second quarter and $8.43 million, or basic earnings.
  - Period: the second quarter and first half of 2023
  - Net income: $3.90 million, or basic earnings per common share of $0.66, for the second quarter and $8.43 million, or basic earnings
  - Result: reported results
  source text: On July 20, 2023, National Bankshares, Inc. issued a press release reporting its financial results for the period ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/796534/000143774923020344/0001437749-23-020344-index.htm

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