secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC)
CIK:        0000859070
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001437749-24-031774
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Community Bankshares Q3 net income $13.03M ($0.71 EPS), down 11% YoY; declares $0.31 dividend
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- Net income $13.03M ($0.71 diluted EPS) for Q3 2024, vs $14.64M ($0.79) a year ago, down 10.98%.
- Net interest margin 4.41%, down 10 bps YoY; net interest income fell $1.75M on higher deposit costs.
- Noninterest income up 8.63% to ~$10.44M, including $825K gain on sale of two closed branches.
- Non-performing loans to total loans rose to 0.82%; net charge-offs were $1.13M (0.18% annualized).
- Quarterly cash dividend $0.31/share, payable Nov 22, record Nov 8; 39th consecutive year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/859070/000143774924031774/0001437749-24-031774-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/859070/000143774924031774/fcbc20240827_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-031774

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