secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC)
CIK:        0000859070
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001437749-23-011015
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/859070/000143774923011015/0001437749-23-011015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/859070/000143774923011015/fcbc20230421c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-011015

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