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Mar 31, 2023
First Community Bankshares Q1 2023 Earnings Report
Reported an increase in net income and declared a quarterly cash dividend.
Key Takeaways
First Community Bankshares, Inc. reported a net income of $11.78 million for Q1 2023, an increase of approximately 24% compared to the same quarter of 2022. The company also declared a quarterly cash dividend of $0.29 per common share, representing a 7.41% increase over the dividend declared in Q1 2022.
Net income for the quarter was $11.78 million, up 24% from Q1 2022.
The company declared a quarterly cash dividend of $0.29 per common share, a 7.41% increase year-over-year.
Net interest margin for the first quarter was 4.35%, an 80 basis point increase from 3.55% in Q1 2022.
Completed the acquisition of Surrey Bancorp on April 21, 2023.