NATIONAL BANKSHARES INC (NKSH) Form 8-K — Oct 22, 2026
National Bankshares (NKSH) reported Q3 2026 net income of $5.49 million, or $0.86 per diluted share, up from $4.42 million ($0.69) a year earlier. Nine-month net income rose to $15.50 million from $9.95 million, an increase of more than 55%, or over 33% adjusted for nonrecurring items. The net interest margin expanded to 3.21% from 3.00% sequentially, helped by a Q2 securities portfolio repositioning that swapped $131.87 million of low-yielding bonds for $127.33 million of mortgage-backed securities yielding 5.26%, and by lower deposit costs. Management expects continued loan repricing to sustain the earnings trend.
Key figures
- Eps
- 0.86
- Revenue
- Q3 2026 net interest income $13.85 million; nine-month net interest income $39.52 million
- Net Income
- Q3 2026 $5.49 million; nine months $15.50 million (vs $9.95 million prior year)
- Total Debt
- $17.90 million borrowings
- Total Assets
- 1783201000
- Cash Position
- $30.11 million total cash and equivalents
- Shares Outstanding
- 6370620
- Nim q3 2025
- 2.72%
- Nim q3 2026
- 3.21%
- Total loans
- $1.018 billion
- Roaa q3 2026
- 1.20%
- Total deposits
- $1.577 billion
- Q2 2026 diluted eps
- 0.79
- Q3 2025 diluted eps
- 0.69
- Semiannual dividend
- $0.75 per share
- Efficiency ratio q3 2026
- 55.90%
- Securities repositioning loss
- $6.55 million pre-tax, ~1.8 year recovery
- Gain on equity investment sale
- $6.57 million
AI analysis
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