secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC)
CIK:        0000859070
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001437749-23-028851
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Community Bankshares reports Q3 2023 net income of $14.6M, EPS $0.79; NIM expands 50bps to 4.51%
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- Net income $14.64M ($0.79 diluted EPS) vs $13.35M in Q3 2022, up 9.7% YoY.
- Net interest margin 4.51%, up 50bps YoY; net interest income increased $4.01M.
- Loan portfolio up 8.05% from Dec 2022 ($193.3M), but ex-Surrey transaction down 1.91%.
- Deposits increased 2.51% from Dec 2022; ex-Surrey transaction down 12.55%.
- Declared $0.29/share quarterly dividend (payable Nov 24, record Nov 10); new 2.7M share buyback program through Dec 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/859070/000143774923028851/0001437749-23-028851-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/859070/000143774923028851/fcbc20230826_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-028851

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