GlobeNewswire·Jul 21, 2026, 4:10 PM ET

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

FCBC

First Community Bankshares, Inc. reported record net income of $22.51 million ($1.19 per diluted share) for the quarter ended June 30, 2026, with six-month net income totaling $34.54 million ($1.82 per diluted share).
The company declared a quarterly cash dividend of $0.33 per share, a 6.45% increase over the previous quarter, marking 41 consecutive years of regular dividend payments.
Net interest margin stood at 4.38% for the second quarter, driven by a $382.18 million increase in average earning assets & lower funding costs.
Noninterest income surged 116.06% to $22.34 million, primarily due to a $10.38 million pre-tax gain from the sale of the company's stake in Bearing Insurance.
Adjusted net income for the quarter was $14.38 million, an increase of 17.47% compared to the same period in 2025, excluding merger-related & non-recurring items.
Consolidated assets reached $3.61 billion, while the loan portfolio increased $145 million overall, though it decreased $26 million excluding the Hometown Bancshares acquisition.
Total non-performing assets declined to $17.15 million, with non-performing loans representing 0.70% of the total loan portfolio.
Book value per share increased 4.47% to $28.52 as of June 30, 2026, compared to year-end 2025 levels.
The company did not repurchase shares in the second quarter, having repurchased 504,652 shares for $20.33 million during the first quarter of 2026.
Return on average assets (ROA) was 2.49% & return on average common equity (ROE) was 16.90% for the quarter, with tangible common equity return at 15.58%.