---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-029107"
form_type: "8-K"
ticker: "NKSH"
cik: "0000796534"
company_name: "NATIONAL BANKSHARES INC"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:16:46.481384+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-029107
- form_type: 8-K
- ticker: NKSH
- cik: 0000796534
- company_name: NATIONAL BANKSHARES INC
- filed_at: 2023-10-26T23:59:59+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/796534/000143774923029107/0001437749-23-029107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/796534/000143774923029107/nksh20231024_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-029107
- JSON: https://secwatch.observer/filing/0001437749-23-029107.json
- Plain text: https://secwatch.observer/filing/0001437749-23-029107.txt

## Key facts
- Earnings Releases
  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
  source text: On October 26, 2023, National Bankshares, Inc. issued a press release reporting its financial results for the period ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/796534/000143774923029107/0001437749-23-029107-index.htm

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