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Mar 31, 2020
First Community Bankshares Q1 2020 Earnings Report
Reported net income of $7.87 million, or $0.44 per diluted common share, for the quarter ended March 31, 2020.
Key Takeaways
First Community Bankshares, Inc. reported a net income of $7.87 million, or $0.44 per diluted common share, for the quarter ended March 31, 2020. This represents a decrease compared to the same quarter of 2019. The company declared a quarterly cash dividend of $0.25 per common share.
Initiated social distancing practices at branches and corporate offices.
Successfully initiated remote working environments for approximately 80% of the back office workforce.
Modified or deferred payments on 887 commercial loans totaling $254.72 million and 1,535 retail loans totaling $72.80 million.
Processed 641 loans for proceeds of $58.26 million through the SBA’s Paycheck Protection Program.