---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-011015"
form_type: "8-K"
ticker: "FCBC"
cik: "0000859070"
company_name: "FIRST COMMUNITY BANKSHARES INC /VA/"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:52:08.147434+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FCBC Q1 net income $11.78M (+24% YoY); completes Surrey Bancorp deal; dividend $0.29

## Summary
- Net income $11.78M ($0.72 diluted EPS), up 24% from $9.52M YoY; annualized ROAA 1.55%, ROAE 11.15%.
- Net interest margin 4.35%, up 80 bps YoY; cost of interest-bearing deposits 0.16%.
- Completed acquisition of Surrey Bancorp ($468M assets, $253M loans, $405M deposits) on April 21, 2023.
- Quarterly dividend increased 7.4% to $0.29/share, payable May 26, 2023 to holders of record May 12.
- Non-performing loans low at 0.65% of total loans; book value $26.58/share, up $0.57 from year-end.

## SEC filing metadata
- accession: 0001437749-23-011015
- form_type: 8-K
- ticker: FCBC
- cik: 0000859070
- company_name: FIRST COMMUNITY BANKSHARES INC /VA/
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/859070/000143774923011015/0001437749-23-011015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/859070/000143774923011015/fcbc20230421c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-011015
- JSON: https://secwatch.observer/filing/0001437749-23-011015.json
- Plain text: https://secwatch.observer/filing/0001437749-23-011015.txt

## Key facts
- Earnings Releases
  FIRST COMMUNITY BANKSHARES INC /VA/ reported quarter ended March 31, 2023 results: net income $11.78 million, EPS $0.72 per diluted common share.
  - Period: quarter ended March 31, 2023
  - Net income: $11.78 million
  - EPS: $0.72 per diluted common share
  - Result: reported results
  source text: The Company reported net income of $11.78 million, or $0.72 per diluted common share, for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/859070/000143774923011015/0001437749-23-011015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.