secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL BANKSHARES INC (NKSH)
CIK:        0000796534
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001437749-23-029107
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796534/000143774923029107/0001437749-23-029107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796534/000143774923029107/nksh20231024_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-029107

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