National Bankshares Q3 net income $3.07M ($0.52 EPS) vs $6.16M ($1.03 EPS) a year ago

NATIONAL BANKSHARES INC

2023-Q3 EPS reported $1.95 revenue$5,370,000

Net income fell 50% YoY to $3.07M; basic EPS $0.52 vs $1.03 in Q3 2022.
Total assets $1.59 billion as of September 30, 2023.
Net interest margin compressed by higher deposit costs from Fed rate hikes.
Noninterest income dropped QoQ; Q2 gains from VISA stock sale ($2.97M) and BOLI payout ($1.04M) not repeated.
Dividend payout ratio 88.55% for first nine months; semiannual $0.73 and special $1.00 per share paid.

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 0.9

NATIONAL BANKSHARES INC reported the third quarter and nine months ended September 30, 2023 results: net income net income of $3.07 million, or basic earnings per common share of $0.52, for the third quarter and $11.51 million, or b, EPS basic earnings per common share of $0.52, for the third quarter and ... basic earnings per common share of $1.95, for th.

Period: the third quarter and nine months ended September 30, 2023
Net income: net income of $3.07 million, or basic earnings per common share of $0.52, for the third quarter and $11.51 million, or b
EPS: basic earnings per common share of $0.52, for the third quarter and ... basic earnings per common share of $1.95, for th
Result: reported results

Exact text from the filing

On October 26, 2023, National Bankshares, Inc. issued a press release reporting its financial results for the period ended September 30, 2023.

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Source: SEC EDGAR

accession 0001437749-23-029107

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