First Community Bankshares Q2 net income $12.69M, EPS $0.71, dividend $0.31

FIRST COMMUNITY BANKSHARES INC /VA/

2024-Q2 EPS reported $1.42

Net income of $12.69M for Q2 2024, up 29.26% YoY; diluted EPS $0.71.
Net interest margin improved to 4.51%, up 3 bps YoY; yield on earning assets up 45 bps.
Declared quarterly cash dividend of $0.31/share, payable Aug 23, 2024, to holders of record Aug 9.
Recorded $1.80M non-recurring charge to settle a putative class action lawsuit.
Repurchased 155,044 shares in Q2 2024 at cost of $5.28M.

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