National Bankshares, Inc. reported second quarter 2026 results, with net income of $5.03 million or $0.79 per diluted common share, compared to $2.29 million or $0.36 per diluted common share in the same period last year. The company's total assets reached $1.83 billion as of June 30, 2026. The company recorded a gain of $6.57 million on the sale of its membership interest in Bearing Insurance Group, LLC. National Bankshares, Inc. is a financial services company providing community banking and investment and insurance services.

On July 2, 2026, National Bankshares, Inc. completed a strategic repositioning of its securities available-for-sale portfolio. The company sold securities with an amortized cost of $131.87 million (1.80% weighted average yield) and purchased securities with an amortized cost of $127.33 million (5.16% weighted average yield). This restructuring resulted in a pre-tax loss of $6.55 million for the second quarter of 2026, which the company expects to recover over approximately 1.8 years. The loss will be offset by gains from the previously announced sale of membership interests in Bearing Insurance Group, LLC. The company is a financial holding company that operates a community bank and investment/insurance subsidiaries in Virginia.

National Bankshares, Inc. entered into a one-year consulting agreement with F. Brad Denardo, the Chairman of the Board and former President and CEO, effective July 1, 2026, through June 30, 2027. Under the agreement, Mr. Denardo will provide advisory services for a monthly fee of $6,000. National Bankshares, Inc. operates in the financial services industry as a bank holding company.