- First Community Bancshares press release ( NASDAQ: FCBC ): Q4 GAAP EPS of $0.77 misses by $0.01 .
- Revenue of $39.81M (+15.6% Y/Y) beats by $1.11M .
- Net interest margin for the fourth quarter was 4.34%, which was an 82 basis point increase from 3.52% reported for fourth quarter of 2021. The yield on earning assets increased 79 basis points, primarily driven by increased earnings on loans and securities.
- The cost of interest-bearing deposits declined 5 basis points to 0.08%, primarily driven by a decrease in the cost of time deposits and an increase in non-maturing deposits.
- Net interest income increased $5.39 million compared to the same quarter of 2021. Interest and fees on loans increased $2.64 million
- The provision for credit losses of $3.42 million for the quarter was an increase of $4.26 million compared to the same quarter of 2021.
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First Community Bancshares GAAP EPS of $0.77 misses by $0.01, revenue of $39.81M beats by $1.11M