secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC)
CIK:        0000859070
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001437749-24-001958
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/859070/000143774924001958/0001437749-24-001958-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/859070/000143774924001958/fcbc20231218_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-001958

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