---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-013249"
form_type: "8-K"
ticker: "NKSH"
cik: "0000796534"
company_name: "NATIONAL BANKSHARES INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:52:32.961574+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# National Bankshares Q1 net income $2.17M ($0.37 EPS), down 52% YoY; Frontier Community Bank acquisition planned Q2

## Summary
- Net income $2.17M ($0.37 EPS) down from $4.53M ($0.77) YoY and $4.19M ($0.71) QoQ.
- Higher interest expense on deposit costs compressed net interest margin; interest income improving as loans reprice.
- Plans to acquire Frontier Community Bank in Q2 2024; new Roanoke branch construction underway.
- Credit quality remains low risk; allowance for credit losses ratio decreased due to improved economic forecast.
- Noninterest expense includes acquisition preparation costs; Q1 2023 had $441K proxy contest expenses.

## SEC filing metadata
- accession: 0001437749-24-013249
- form_type: 8-K
- ticker: NKSH
- cik: 0000796534
- company_name: NATIONAL BANKSHARES INC
- filed_at: 2024-04-25T23:59:59+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/796534/000143774924013249/0001437749-24-013249-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/796534/000143774924013249/nksh20240424_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-013249
- JSON: https://secwatch.observer/filing/0001437749-24-013249.json
- Plain text: https://secwatch.observer/filing/0001437749-24-013249.txt

## Key facts
- Earnings Releases
  NATIONAL BANKSHARES INC reported first quarter of 2024 results: net income $2.17 million, EPS $0.37.
  - Period: first quarter of 2024
  - Net income: $2.17 million
  - EPS: $0.37
  - Result: reported results
  source text: The Company reported net income of $2.17 million, or basic and diluted earnings per common share of $0.37.
  evidence_url: https://www.sec.gov/Archives/edgar/data/796534/000143774924013249/0001437749-24-013249-index.htm

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