National Bankshares Q2 net income doubles to $5.03M on $6.57M insurance stake sale

Filed July 23, 2026 · Period ending July 23, 2026 · ~1 min read

Key Changes

• high

  Q2 2026 net income $5.03M ($0.79/share), up from $2.29M ($0.36/share) in Q2 2025, driven by $6.57M gain on sale of Bearing Insurance Group stake and securities portfolio repositioning.

  Exhibit 99.1 view on EDGAR →
• high

  Sold $131.87M in low-yield securities (1.80%) and purchased $127.33M in mortgage-backed securities (5.26%), taking $6.55M pre-tax loss with expected 1.8-year payback and $4.25M annual interest income increase.

  Exhibit 99.1 view on EDGAR →
• medium

  Net interest margin improved to 3.00% in Q2 2026 from 2.98% in Q1 2026 and 2.56% in Q2 2025, driven by lower deposit costs and higher loan/securities yields; repositioning expected to add 12 bps in 2026, 24 bps in 2027.

  Exhibit 99.1 view on EDGAR →