FCBC Q2 adj. net income $12.95M ($0.70 EPS); declares $0.29 dividend; completes Surrey Bancorp acquisition

FIRST COMMUNITY BANKSHARES INC /VA/

2023-Q2 EPS reported $1.26

GAAP net income $9.81M ($0.55 diluted EPS); adjusted net income $12.95M ($0.70 EPS), up 16% YoY.
Quarterly dividend of $0.29 per share, payable Aug 25, 2023; marks 38th consecutive year of regular dividends.
Completed Surrey Bancorp acquisition on Apr 21, adding $466M in assets, $239M loans, $404M deposits.
Loan portfolio grew 9.2% from Dec 2022; deposits up 6.5%; core loans and deposits declined excluding acquisition.
Repurchased 279,567 shares for $7.69M in Q2; book value per share $26.29, up $0.28 from year-end 2022.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIRST COMMUNITY BANKSHARES INC /VA/ reported second quarter of 2023 results: net income $9.81 million, EPS $0.55 per diluted common share.

Period: second quarter of 2023
Net income: $9.81 million
EPS: $0.55 per diluted common share
Result: reported results

Exact text from the filing

The Company reported net income of $ 9.81 million, or $ 0.55 per diluted common share, for the quarter ended June 30, 2023.

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Source: SEC EDGAR

accession 0001437749-23-020624

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