CEO Lara E. Ramsey said the company will focus on building market share through recent expansions while optimizing products, technology and training.
First-half net income and EPS more than doubled
National Bankshares posted Q2 net income of $5.03 million, more than doubled from $2.29 million a year earlier; diluted EPS rose to $0.79 from $0.36.
For the six months ended June 30, net income climbed to $10.01 million from $5.53 million; diluted EPS increased to $1.57 from $0.87.
Gain on insurance stake sale offset by securities loss
Results included a $6.57 million gain on selling its membership interest in Bearing Insurance Group; securities repositioning produced a $6.55 million pre-tax loss.
National Bankshares ended June 30 with total assets of ; it paid a on June 1.
NKSH•
