First Community Bankshares reports record 2021 net income of $51.17M, declares $0.27 quarterly dividend

FIRST COMMUNITY BANKSHARES INC /VA/

2021-FY EPS reported $2.94

Annual net income for 2021 was a record $51.17 million, or $2.94 per diluted common share.
Quarterly cash dividend declared of $0.27 per common share, an increase of 8% over the same quarter last year.
Company repurchased 949,386 common shares (5.36% of outstanding) for $28.88 million during 2021.
Net charge-offs for Q4 2021 were $1.17 million, or 0.22% of annualized average loans, improving from 0.26% in Q4 2020.
Book value per share increased to $25.34 at December 31, 2021, up $1.26 from year-end 2020.

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