secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC)
CIK:        0000859070
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001437749-24-023280
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/859070/000143774924023280/0001437749-24-023280-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/859070/000143774924023280/fcbc20240521_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-023280

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