First Community Bankshares Announces Q4 2024 Earnings and Dividend Declarations

First Community Bankshares, Inc. recently disclosed their earnings for the fourth quarter of 2024 in a press release on January 28, 2025. The company revealed that a quarterly cash dividend of $0.31 per common share will be payable around February 28, 2025, to shareholders of record on February 14, 2025. In addition, a special cash dividend of $2.07 per common share was declared by the Board of Directors, also payable on February 28, 2025, to shareholders of record on February 14, 2025.

The company stated that this particular special cash dividend does not necessarily indicate the pattern for special cash dividends in the future. Further details and the official press release can be accessed in Exhibit 99.1 attached to the 8-K filing issued by First Community Bankshares, Inc.

Regarding financial statements and exhibits, the company included the earnings release dated January 28, 2025, as Exhibit 99.1 along with a Cover Page Interactive Data File formatted as Inline XBRL.

In compliance with regulatory requirements, the filing contained forward-looking statements based on current expectations, highlighting potential risks and uncertainties that may impact actual results. The company stressed that it does not commit to updating forward-looking statements to reflect post-statement events.

The financial report indicated that First Community Bankshares, Inc. is maintaining its fiscal stability with cash and cash equivalents at approximately $22.0 million. Grant funding for various studies, totaling around $171 million from preclinical to Phase 2, showcases the company’s commitment to innovation and growth. Approximately $117.4 million has been utilized, leaving about $53.6 million in remaining grant funding, as of the quarter ending on September 30, 2024.

First Community Bankshares, Inc. remains focused on providing crucial financial disclosures and sustaining an open dialogue with its investors and the public.

For more detailed information, investors can review the full 8-K filing and accompanying exhibits released by First Community Bankshares, Inc., shedding light on their operational and financial accomplishments. The disclosed details demonstrate the company’s proactive approach to transparent communication regarding their financial standing and future outlook.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read First Community Bankshares’s 8K filing here.

First Community Bankshares Company Profile

First Community Bankshares, Inc operates as the financial holding company for First Community Bank that provides various banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement plans; and commercial, consumer real estate, and consumer and other loans.