First Community reports earnings, dividend


First Community Bancshares, a holding company for First Community Bank which trades under the symbol FCBC, this week announced net income for the third quarter of the year stood at $6.26 million, or 34 cents per share for the quarter ending Sept. 30, and $18.29 million, or 97 cents per share, for the nine months ending on that date.

The company did not provide comparisons to 2014 figures for the same period, but did state the third quarter of 2015 marked the third consecutive quarter of earnings growth, and announced a quarterly cash dividend of 14 cents per share to shareholders of common stock, payable to shareholders of record Nov. 6.

The firm did say it had repurchased 334,319 common shares during the third quarter, bringing total repurchased shares to 1,018,726 during the first nine months of 2015.

The company “significantly exceeds regulatory well capitalized targets as of Sept. 30,” according to a statement released by the bank.

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Updated: 9:34 am. |    
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