{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-002199","form_type":"8-K","ticker":"NKSH","cik":"0000796534","company_name":"NATIONAL BANKSHARES INC","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.943223+00:00","generated_at":"2026-06-06T18:49:21.888755+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"National Bankshares Q4 net income $4.19M ($0.71 EPS) down 55% YoY; announces acquisition of Frontier Community Bank","bullets":["Net income $4.19M ($0.71 EPS) in Q4 2023 vs $9.31M ($1.57 EPS) in Q4 2022; full-year $15.69M ($2.66 EPS) vs $25.93M ($4.33 EPS).","Net interest margin compressed due to 525 bps Fed rate hikes; deposit competition raised cost of funds.","Entered definitive agreement to acquire Frontier Community Bank (Waynesboro, VA); expands into Shenandoah Valley and central Virginia.","Paid $2.51 per share in dividends in 2023 ($1.51 regular + $1.00 special), payout ratio 94.21%.","Low credit risk; allowance for credit losses decreased, leading to recovery of provision."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-002199","json":"https://secwatch.observer/filing/0001437749-24-002199.json","markdown":"https://secwatch.observer/filing/0001437749-24-002199.md","text":"https://secwatch.observer/filing/0001437749-24-002199.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/796534/000143774924002199/0001437749-24-002199-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/796534/000143774924002199/nksh20240123_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T18:49:21.888755+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"eeae881703858fc1170147f0a2a1561549dded21","claim":"NATIONAL BANKSHARES INC reported Fourth quarter and year ended December 31, 2023 results: net income Net income of $4.19 million, or basic and diluted earnings per common share of $0.71, for the fourth quarter and $15.69, EPS Basic and diluted earnings per common share of $0.71 for the fourth quarter and $2.66 for the year ended December 31, 20.","evidence_excerpt":"The Company reported net income of $4.19 million, or basic and diluted earnings per common share of $0.71, for the fourth quarter and $15.69 million, or basic and diluted earnings per common share of $2.66, for the year ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/796534/000143774924002199/0001437749-24-002199-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fourth quarter and year ended December 31, 2023"},{"label":"Net income","value":"Net income of $4.19 million, or basic and diluted earnings per common share of $0.71, for the fourth quarter and $15.69"},{"label":"EPS","value":"Basic and diluted earnings per common share of $0.71 for the fourth quarter and $2.66 for the year ended December 31, 20"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}