secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC)
CIK:        0000859070
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001437749-23-020624
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/859070/000143774923020624/0001437749-23-020624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/859070/000143774923020624/fcbc20230516_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020624

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer