FCBC Q4 net income $11.78M ($0.66 EPS); declares $0.29 quarterly dividend

FIRST COMMUNITY BANKSHARES INC /VA/

2023-FY EPS reported $2.72

Net income $11.78M ($0.66 diluted EPS) for Q4 2023; full-year net income $48.02M ($2.72 EPS).
Adjusted for $3.00M litigation accrual, Q4 net income $14.59M, up $1.84M YoY; ROA 1.77%, ROE 11.63%.
Quarterly cash dividend $0.29 per share, payable Feb 23, 2024 to holders of record Feb 9, 2024.
Loan portfolio grew 7.17% YoY, including Surrey Bancorp acquisition; deposits up 1.62%.
Repurchased 189,500 shares in Q4 ($5.98M); new 2.7M share buyback program announced.

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 0.9

FIRST COMMUNITY BANKSHARES INC /VA/ reported the quarter ended December 31, 2023 results: net income $11.78 million, EPS $0.66 per diluted common share.

Period: the quarter ended December 31, 2023
Net income: $11.78 million
EPS: $0.66 per diluted common share
Result: reported results

Exact text from the filing

The Company reported net income of $ 11.78 million, or $ 0.66 per diluted common share, for the quarter ended December 31, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST COMMUNITY BANKSHARES INC /VA/ reported the twelve months ended December 31, 2023 results: net income $48.02 million, EPS $2.72 per diluted common share.

Period: the twelve months ended December 31, 2023
Net income: $48.02 million
EPS: $2.72 per diluted common share
Result: reported results

Exact text from the filing

Net income for the twelve months ended December 31, 2023 , was $ 48.02 million or $ 2.72 per diluted common share.

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Source: SEC EDGAR

accession 0001437749-24-001958

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