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Jun 30, 2020
First Community Bankshares Q2 2020 Earnings Report
Reported net income of $8.24 million, or $0.46 per diluted common share for Q2 2020.
Key Takeaways
First Community Bankshares, Inc. reported a net income of $8.24 million, or $0.46 per diluted common share, for the quarter ended June 30, 2020. The company's social distancing practices and remote working environments continue. A quarterly cash dividend of $0.25 per common share was declared.
Net income was $8.24 million, or $0.46 per diluted common share.
Declared a quarterly cash dividend of $0.25 per common share.
Implemented social distancing practices and remote working environments.
Incurred approximately $612 thousand in additional expenses related to COVID-19.
First Community Bankshares
First Community Bankshares
Forward Guidance
The company has temporarily delayed consideration of a new share repurchase authorization to preserve and further accumulate surplus capital due to the uncertain economic forecast.