secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC)
CIK:        0000859070
Form:       8-K
Filed at:   2022-04-26T23:59:59+00:00
Accession:  0001437749-22-009760
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Community Bankshares Q1 net income $9.52M, EPS $0.56; dividend up 8% to $0.27
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- Net income of $9.52M ($0.56 diluted EPS) vs $14.6M ($0.82) in Q1 2021; decrease driven by $1.96M provision vs $4.00M reversal year ago.
- Net interest margin 3.55%, up 3 bps from Q4 2021; cost of interest-bearing deposits fell to 0.10%.
- Loan portfolio grew $78.7M (14.7% annualized); strong demand across construction, CRE, residential mortgage, and consumer.
- Quarterly cash dividend increased 8% to $0.27/share, payable May 20 to holders of record May 6; 37th consecutive year of regular dividends.
- Repurchased 132,000 shares for $4.09M during Q1; non-performing loans remained low at 0.96% of total loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/859070/000143774922009760/0001437749-22-009760-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/859070/000143774922009760/fcbc20220421_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-009760

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