---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-020624"
form_type: "8-K"
ticker: "FCBC"
cik: "0000859070"
company_name: "FIRST COMMUNITY BANKSHARES INC /VA/"
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:45:07.987187+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-020624
- form_type: 8-K
- ticker: FCBC
- cik: 0000859070
- company_name: FIRST COMMUNITY BANKSHARES INC /VA/
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/859070/000143774923020624/0001437749-23-020624-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/859070/000143774923020624/fcbc20230516_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-020624
- JSON: https://secwatch.observer/filing/0001437749-23-020624.json
- Plain text: https://secwatch.observer/filing/0001437749-23-020624.txt

## Key facts
- Earnings Releases
  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
  source text: The Company reported net income of $ 9.81 million, or $ 0.55 per diluted common share, for the quarter ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/859070/000143774923020624/0001437749-23-020624-index.htm

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