GlobeNewswire·Apr 28, 2026, 4:15 PM ET

First Community Bankshares, Inc. Announces First Quarter 2026 Results and Quarterly Cash Dividend

FCBC

First Community Bankshares, Inc. reported net income of $12.03 million ($0.63 per diluted share) for the quarter ended March 31, 2026, with adjusted net income of $13.83 million ($0.73 per diluted share) excluding merger expenses.
The company declared a quarterly cash dividend of $0.31 per share, payable on May 29, 2026, to shareholders of record on May 15, 2026.
Total consolidated assets reached $3.64 billion following the January 23, 2026 acquisition of Hometown Bancshares, Inc., which added $393.81 million in assets, $171.04 million in loans, and $357.72 million in deposits.
Net interest margin increased to 4.37% from 4.34% in the prior year quarter, driven by a $263.04 million rise in average earning assets & lower funding costs.
Noninterest income rose 12% to $11.457 million, while noninterest expense increased 15.21% to $28.737 million, primarily due to $2.31 million in merger-related expenses.
The loan portfolio grew $141.27 million overall, though it decreased $29.77 million excluding the Hometown transaction, while loan production for the quarter reached $105.07 million.
Deposits increased $379.06 million overall, with a $21.33 million organic increase excluding the acquisition impact.
The company repurchased 504,652 common shares for $20.33 million in the first quarter, resuming activity after suspending it in the third quarter of 2025.
Non-performing loans to total loans decreased to 0.72%, while net charge-offs were $731 thousand, down from $1.39 million in the same period last year.
Book value per share was $27.64 as of March 31, 2026, an increase of $0.34 from year-end 2025.
Return on average tangible common equity remained strong at 15.48% for the quarter, while adjusted return on average assets was 1.60% & adjusted return on average common equity was 10.69%.