FCBC Releases Q4 & Full Year 2023 Financial Results
Ticker: FCBC · Form: 8-K · Filed: Jan 23, 2024 · CIK: 859070
Complexity: simple
Sentiment: neutral
Topics: earnings, financial-results, 8-K, press-release
TL;DR
**FCBC just dropped its Q4 and full-year 2023 earnings, check the press release for details!**
AI Summary
FIRST COMMUNITY BANKSHARES, INC. (FCBC) filed an 8-K on January 23, 2024, to announce the release of its financial results for the fourth quarter and full year ended December 31, 2023. The company issued a press release detailing these results, which is considered 'furnished' and not 'filed' for liability purposes. This matters to investors because it provides the latest financial health update, allowing them to assess the company's performance and make informed decisions about buying, holding, or selling FCBC stock.
Why It Matters
This filing provides investors with crucial financial performance data, directly impacting their valuation of FIRST COMMUNITY BANKSHARES, INC. and future investment decisions.
Risk Assessment
Risk Level: low — This 8-K is a routine announcement of financial results, which is standard for public companies and does not inherently introduce new risks.
Analyst Insight
A smart investor would immediately seek out the press release mentioned in this 8-K to review the detailed financial results for Q4 and full-year 2023, as these numbers will directly influence the company's valuation and future outlook.
Key Players & Entities
- FIRST COMMUNITY BANKSHARES, INC. (company) — the registrant filing the 8-K
- FCBC (company) — the trading symbol for FIRST COMMUNITY BANKSHARES, INC.
- NASDAQ Global Select (company) — the exchange where FCBC common stock is registered
- January 23, 2024 (date) — the date of the earliest event reported and filing date
- December 31, 2023 (date) — the end of the fiscal period for the reported financial results
FAQ
What is the purpose of this 8-K filing by FIRST COMMUNITY BANKSHARES, INC.?
The purpose of this 8-K filing, dated January 23, 2024, is to announce the release of FIRST COMMUNITY BANKSHARES, INC.'s financial results for the fourth quarter and full year ended December 31, 2023, via a press release.
What is the trading symbol and exchange for FIRST COMMUNITY BANKSHARES, INC. common stock?
The trading symbol for FIRST COMMUNITY BANKSHARES, INC. common stock is FCBC, and it is registered on the NASDAQ Global Select exchange.
What is the address and phone number of FIRST COMMUNITY BANKSHARES, INC.?
The principal executive office address for FIRST COMMUNITY BANKSHARES, INC. is P.O. Box 989, Bluefield, Virginia 24605-0989, and its telephone number is (276) 326-9000.
Under which SEC Act is this 8-K filed?
This 8-K is filed pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934.
Is the press release containing the financial results considered 'filed' or 'furnished' for SEC purposes?
The press release containing the financial results is considered 'furnished' under Item 2.02 and Item 7.01 of Form 8-K, meaning it is not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934.
Filing Stats: 699 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-01-23 16:38:17
Key Financial Figures
- $1.00 — nge on which registered Common Stock ($1.00 par value)   FCBC   NASDA
- $0.29 — shareholders of twenty-nine cents, $0.29 per common share, payable on or ab
Filing Documents
- fcbc20231218_8k.htm (8-K) — 28KB
- ex_608207.htm (EX-99.1) — 778KB
- ex_505116img001.jpg (GRAPHIC) — 7KB
- 0001437749-24-001958.txt ( ) — 988KB
- fcbc-20240123.xsd (EX-101.SCH) — 3KB
- fcbc-20240123_def.xml (EX-101.DEF) — 11KB
- fcbc-20240123_lab.xml (EX-101.LAB) — 15KB
- fcbc-20240123_pre.xml (EX-101.PRE) — 11KB
- fcbc20231218_8k_htm.xml (XML) — 2KB
02
Item 2.02 Results of Operations and Financial Condition.   On  January 23, 2024, First Community Bankshares, Inc. (the "Company") announced by press release its earnings for the fourth quarter of 2023. A copy of the press release is attached hereto as Exhibit 99.1.  
01
Item 8.01 Other Events.   On January 23, 2024, the Company announced by press release its quarterly cash dividend to common shareholders of twenty-nine cents, $0.29 per common share, payable on or about February 23, 2024, to shareholders of record on February 9, 2024. A copy of the press release is attached hereto as Exhibit 99.1.  
Financial Statements and Exhibits
Financial Statements and Exhibits.   (d)   The following exhibit is included with this report:       Exhibit No.   Exhibit Description       99.1 104   Earnings release dated October 24, 2023. Cover Page Interactive Data File (formatted as Inline XBRL).  
Forward-Looking Statements
Forward-Looking Statements   This Current Report on Form 8-K contains forward-looking statements. These forward-looking statements are based on current expectations that involve risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may differ materially. These risks include:  changes in business or other market conditions; the timely development, production and acceptance of new products and services; the challenge of managing asset/liability levels; the management of credit risk and interest rate risk; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the Company's Securities and Exchange Commission reports, including but not limited to the Annual Report on Form 10-K for the most recent year ended. Pursuant to the Private Securities Litigation Reform Act of 1995, the Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.          
SIGNATURES
SIGNATURES   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.       FIRST COMMUNITY BANKSHARES, INC.       Date: January 23, 2024   By: /s/ David D. Brown           David D. Brown     Chief Financial Officer