earnings
confidence high
sentiment positive
materiality 0.65
First Community Bankshares Q3 net income $13.35M ($0.81 EPS); dividend raised to $0.29
FIRST COMMUNITY BANKSHARES INC /VA/
2022-Q3 EPS reported
$2.05
- Net income $13.35M ($0.81 dil. EPS) vs $12.61M; net interest margin 4.01%, up 45bp YoY.
- Quarterly dividend increased to $0.29 per share (+7.41% YoY); payable Nov 18, record Nov 4.
- Loan portfolio grew $197.16M (12.17% annualized) in first 9 months; NPLs 0.71% of loans.
- Repurchased 235,400 shares ($7.38M) in Q3; 650,907 shares ($19.42M) YTD.
- Provision for credit losses $685k (+$2.08M); branch sale gain $1.66M.