National Bankshares, Inc. filings document the regulatory record of a Virginia bank holding company and its subsidiaries, The National Bank of Blacksburg and National Bankshares Financial Services, Inc. The records describe the community-bank business, Nasdaq-listed common stock, branch and loan-production office footprint, lending activities and investment and insurance operations in Virginia.
The filing record includes 8-K reports on financial results, investor presentations, subsidiary transactions, officer changes and bylaw amendments, along with definitive proxy materials covering board elections, director structure, executive compensation, equity awards and shareholder voting. Disclosures also address profitability, liquidity, allowance for credit losses, interest-rate sensitivity, market risk, capital structure, governance and other banking risk factors.
National Bankshares, Inc. furnished its Q2 2026 investor presentation, reporting results for the three and six months ended June 30, 2026. For the first half, net income was $10 million, up 81.2% year over year; diluted EPS was $1.57, up 80.5%; net interest income was $25 million, up 20.9%; and net interest margin was 2.99%, 51 basis points above the prior-year period. The company attributed earnings improvement to lower deposit costs, higher loan and securities yields, and lower operating expense.
Q2 diluted EPS was $0.79 versus $0.36 in Q2 2025, and net interest margin was 3.00% versus 2.56%. At June 30, 2026, total assets were $1.83 billion, deposits $1.63 billion and gross loans $1.015 billion; the Common Equity Tier 1 ratio was 16.52%, and nonaccrual and loans 90+ days past due were 0.06% of total loans.
National Bankshares purchased mortgage-backed securities at a 5.26% weighted average yield, versus 1.80% on securities sold. Incremental interest income is expected to offset the realized loss in approximately 1.8 years; projected net interest margin benefits are 12 basis points in 2026 and 24 basis points in 2027.
National Bankshares, Inc. issued a Q3 2026 investor presentation reporting quarterly net income of $5.49 million for the three months ended September 30, 2026, versus $4.42 million a year earlier, and diluted EPS of $0.86 versus $0.69. For the nine months ended September 30, 2026, net income was $15 million, up 55.84% from $9 million, while net interest income was $39 million, up 20.07% from $32 million. Net interest margin was 3.21% for the quarter and 3.07% year to date, compared with 2.72% and 2.56% in the corresponding 2025 periods.
In Q2 2026, the company purchased mortgage-backed securities with a 5.26% weighted average yield, compared with 1.80% on securities sold. The presentation projects a 12-basis-point contribution to 2026 net interest margin and 24 basis points in 2027, and says incremental interest income is expected to offset the realized loss in approximately 1.8 years from the transaction date. Projections use balance-sheet composition, expected cash flows and interest-rate assumptions as of June 30, 2026; actual results may differ. Assets were $1.78 billion and deposits were $1.58 billion as of September 30, 2026.
National Bankshares, Inc. (NKSH) reported third-quarter 2026 net income of $5.488 million, versus $4.420 million a year earlier; nine-month net income was $15.498 million, versus $9.945 million. Diluted earnings per share were $0.86 for the quarter and $2.43 for nine months, compared with $0.69 and $1.56. Management said year-to-date earnings rose over 55%, or over 33% adjusted for nonrecurring items in 2025 and 2026. Fully taxable equivalent net interest margin was 3.21% for the quarter and 3.07% for nine months, versus 2.72% and 2.56% in the comparable 2025 periods.
In Q2, National Bankshares Financial Services, Inc. sold its Bearing Insurance Group, LLC membership interest, producing a $6.566 million gain for the Company. The Company also sold securities with $131.87 million total amortized cost and a 1.80% weighted average yield, then bought $127.33 million in mortgage-backed securities at a 5.26% weighted average yield. It expects incremental earnings from the repositioning to recover the $6.549 million pretax loss over 1.8 years from the transaction, with earnings accretion afterward. Total assets were $1.78 billion at September 30, 2026, and management expects fourth-quarter securities paydowns and maturities to repay $17.9 million in short-term borrowings.
National Bankshares, Inc. reported higher profitability for the quarter ended June 30, 2026. Quarterly net income was $5,029 compared with $2,289 a year earlier, and six‑month net income was $10,010 versus $5,525. Basic and diluted EPS were $0.79 for the quarter and $1.57 for six months.
Net interest income for the quarter increased to $13,050 from $10,990 as total interest income rose and interest expense on deposits declined. Noninterest income was supported by a $6,566 gain on sale of an equity investment, largely offset by a $6,549 loss on sale of securities. Noninterest expense for the quarter decreased to $9,302 from $10,582, reflecting the absence of prior‑year core system conversion expense.
Total assets were $1,832,700, with total loans of $1,015,412 and total deposits of $1,629,456 at June 30, 2026. The allowance for credit losses on loans increased to $10,047, while nonaccrual loans remained low at $335. Stockholders’ equity rose to $192,231, and the company declared dividends of $0.75 per share.
National Bankshares, Inc. reported net income of $10.01 million, or $1.57 per diluted share, for the six months ended June 30, 2026, up from $5.53 million, or $0.87, a year earlier. Second‑quarter 2026 net income was $5.03 million, or $0.79 per diluted share, compared with $2.29 million, or $0.36, in Q2 2025. Total assets were $1.83 billion at June 30, 2026.
Results included a $6.57 million gain on sale of an equity investment and a securities portfolio repositioning that realized a $6.55 million pre‑tax loss but is expected to lift annual interest income by $4.25 million and add 12 and 24 basis points to projected 2026 and 2027 net interest margins. The fully tax‑equivalent net interest margin for the first half rose to 2.99% from 2.48%. Asset quality remained strong, with nonperforming loans at 0.03% of total loans and an allowance for credit losses of 0.99% of loans. Deposits totaled $1.63 billion with no brokered deposits, tangible common equity to tangible assets was 9.90%, and a semiannual dividend of $0.75 per share was paid on June 1, 2026.
National Bankshares, Inc. completed a strategic reshaping of part of its securities available-for-sale portfolio. The company sold securities with an amortized cost of $131.87 million and a weighted average yield of 1.80%, then bought new securities with an amortized cost of $127.33 million yielding 5.16%.
This portfolio restructuring created a pre-tax loss of $6.55 million, which will be recorded in second-quarter 2026 results. Management notes that the gain from the previously completed sale of its membership interest in Bearing Insurance Group, LLC will offset the current-period earnings impact of this loss. The company expects the loss to be recovered over roughly 1.8 years through higher yields on the new securities.
National Bankshares, Inc. entered into a new consulting agreement with F. Brad Denardo, Chairman of the Board and former President and CEO of the company and its bank subsidiary. The agreement is effective from July 1, 2026 through June 30, 2027 and continues the prior arrangement between the parties.
During this consulting period, Mr. Denardo will provide advisory and consulting services to the company and The National Bank of Blacksburg for a $6,000 monthly consulting fee. He is subject to customary noncompetition covenants during the consulting period, and the term may be extended by mutual agreement.
Thompson James Carroll reported acquisition or exercise transactions in this Form 4 filing.
National Bankshares Inc director James Carroll Thompson received a grant of 221 shares of Common Stock as a time-based stock award. The award was granted at no cash cost per share and will vest on the one-year anniversary of the grant date. Following this compensation-related award, Thompson directly holds 9,831 shares of National Bankshares Inc common stock.
Sweet Alan Jeffrey reported acquisition or exercise transactions in this Form 4 filing.
NATIONAL BANKSHARES INC director Alan Jeffrey Sweet reported a grant of 221 shares of Common Stock as a time-based stock award. The award carries a price of $0.00 per share and will vest on the one-year anniversary of the grant. Following this grant, he directly holds 9,642 shares of Common Stock and has an additional 42 shares held indirectly by his spouse.
Smith Lutheria H. reported acquisition or exercise transactions in this Form 4 filing.
National Bankshares Inc. director Lutheria H. Smith received a grant of 221 shares of Common Stock as a time-based stock award. The shares were awarded at a price of $0.00 per share and are scheduled to vest on the one-year anniversary of the grant date. Following this award, Smith directly holds 2,201 shares of National Bankshares common stock. This transaction reflects equity-based compensation rather than an open-market purchase.