Item 7.01 Regulation FD Disclosure.

On May 8, 2023, National Bankshares, Inc. (the "Company") issued an investor presentation, which contains information that the members of the Company's management will use during visits with investors, analysts and other interested parties to assist their understanding of the Company. The investor presentation is being furnished as Exhibit 99.1 to this report and incorporated by reference into this Item 7.01.

The information in Items 7.01 and 9.01, including Exhibit 99.1, is furnished to, and not filed with, the Securities and Exchange Commission.

Item 9.01 Financial Statements and Exhibits.



  (d) Exhibits.



  Exhibit No. Description of Exhibit



  99.1   National Bankshares, Inc. Investor Presentation.

  104  Cover Page Interactive Data File (embedded within the Inline XBRL
       document).



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