---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-023481"
form_type: "8-K"
ticker: "NKSH"
cik: "0000796534"
company_name: "NATIONAL BANKSHARES INC"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:31:17.450558+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# National Bankshares Q2 net income $1.87M ($0.31 EPS) vs $8.43M ($1.43 EPS) YoY, hit by merger costs

## Summary
- Net income $1.87M for H1 2024, down 78% from $8.43M in H1 2023; diluted EPS $0.31 vs $1.43.
- Merger with Frontier Community Bank closed in Q2; consideration $16.35M ($14.3M stock, $2.05M cash).
- Merger-related expense $2.74M; provision for credit loss on acquired loans $1.29M.
- Acquired branches in Waynesboro, Staunton, Lynchburg, VA; new Roanoke branch planned fall 2024.
- Total assets $1.81B; loan growth from acquisition; credit quality remains low-risk.

## SEC filing metadata
- accession: 0001437749-24-023481
- form_type: 8-K
- ticker: NKSH
- cik: 0000796534
- company_name: NATIONAL BANKSHARES INC
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/796534/000143774924023481/0001437749-24-023481-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/796534/000143774924023481/nksh20240724_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-023481
- JSON: https://secwatch.observer/filing/0001437749-24-023481.json
- Plain text: https://secwatch.observer/filing/0001437749-24-023481.txt

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