earnings
confidence high
sentiment positive
materiality 0.60
First Community Bankshares Q1 net income $12.85M ($0.71 EPS), up 9% YoY; declares $0.29 dividend
FIRST COMMUNITY BANKSHARES INC /VA/
2024-Q1 EPS reported
$0.71
- Net income $12.85M, diluted EPS $0.71 vs $0.65 in Q1 2023, up 9% YoY.
- Net interest margin 4.47%, up 12 bps YoY; net interest income increased $2.22M.
- Noninterest income up 7.88%; noninterest expense up 12.36% largely from Surrey branch addition.
- Quarterly dividend $0.29 per share (unchanged), payable May 24 to record holders May 10.
- Book value per share $27.53, up $0.33 from year-end 2023.