secwatch.observer — SEC 8-K summary
======================================

Issuer:     FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC)
CIK:        0000859070
Form:       8-K
Filed at:   2022-07-26T23:59:59+00:00
Accession:  0001437749-22-017782
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FCBC Q2 net income $11.2M, EPS $0.67; raises quarterly dividend to $0.29
------------------------------------------------------------------------

- Q2 2022 net income $11.21M ($0.67 diluted EPS); first-half net income $20.73M ($1.24).
- Quarterly cash dividend increased to $0.29 per share (7.41% increase from Q2 2021); payable Aug 19 to holders of record Aug 5.
- Loan portfolio grew $134.23M in H1 2022 (12.5% annualized rate); net interest margin improved to 3.78% from 3.68% YoY.
- Company repurchased 283,507 shares for $7.95M in Q2; non-performing loans remained low at 0.80%.
- Annualized ROAA of 1.38% for Q2 and 10.61% ROACE; cost of funds remained low at 0.06%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/859070/000143774922017782/0001437749-22-017782-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/859070/000143774922017782/fcbc20220725_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-017782

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer