earnings
confidence high
sentiment positive
materiality 0.75
First Community Bankshares reports record Q3 net income $12.6M; EPS up 55% YoY; raises dividend 8%
FIRST COMMUNITY BANKSHARES INC /VA/
2021-Q3 EPS reported
$2.32
- Net income of $12.61M ($0.73 diluted EPS) up 55.3% YoY; nine-month EPS $2.32, up 69.3%.
- Reversed $1.39M provision for credit losses vs $4.70M provision in Q3 2020; credit quality strong.
- Quarterly cash dividend increased 8% to $0.27/share, payable Nov 19 to holders of record Nov 5.
- Repurchased 277,386 shares for $8.46M in Q3; YTD repurchases 726,686 shares for $21.43M.
- Non-interest income rose 14.2% YoY; book value $25.03, up $0.95 from year-end.