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At $0.79 per diluted share for the three months ended June 30, 2026, National Bankshares, Inc. (Nasdaq: NKSH) printed more than double the $0.36 it earned in Q2 2025.
The complication: a $6.57 million gain on the sale of its stake in Bearing Insurance Group, LLC and a nearly identical $6.55 million pre-tax loss on securities sold in the same quarter both sit inside that number, making the year-over-year swing harder to read at face value.
The repositioning math The Blacksburg, Virginia company sold agency securities and mortgage-backed securities carrying a combined amortized cost of $131.87 million and a weighted average yield of 1.80%.
In their place, NKSH bought $127.33 million in mortgage-backed securities at a weighted average yield of 5.26%.
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