National Bankshares, Inc. Announces Sale of Bearing Insurance Group, LLC

National Bankshares, Inc. announced the sale of its subsidiary's (National Bankshares Financial Services, Inc.) membership interest in Bearing Insurance Group, LLC to an unaffiliated third party, effective May 1, 2026. The Company estimates a pre-tax gain of approximately $6.57 million from this transaction, which will be recognized in the second quarter of 2026. National Bankshares, Inc. is the parent company of The National Bank of Blacksburg and National Bankshares Financial Services, Inc., operating primarily in Virginia. The Company's stock is traded on the Nasdaq Capital Market under the symbol "NKSH." The filing also includes forward-looking statements concerning potential future results, subject to various risks and uncertainties including economic conditions, interest rates, regulatory changes, and other factors.