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First Community Bankshares reported a strong first quarter in 2021, with significant growth in net income, earnings per share, and total assets. The bank benefited from loan growth and improved efficiency.
Net income increased to $11.2 million, or $0.53 per diluted share.
Non-GAAP net income totaled $11.2 million, or $0.53 per diluted share.
Total assets grew to $3.19 billion.
The efficiency ratio improved to 61.88%.
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