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

FCBC
  • First Community Bankshares, Inc. reported third-quarter 2026 net income of $15.42 million, or $0.81 per diluted share.
  • Net income for the nine months ended September 30, 2026, reached a record $49.96 million, or $2.63 per diluted share.
  • The company declared a quarterly cash dividend of $0.33 per share, payable November 27, 2026, marking the 41st consecutive year of regular dividends.
  • Third-quarter net income increased 25.74% compared to the same period in 2025, while adjusted net income for the quarter rose 14.23% to $14.74 million.
  • Net interest margin increased 3 basis points to 4.46%, driven by a $390.91 million increase in average earning assets & lower funding costs.
  • Noninterest income grew 16.14% to reflect increases in other operating income & service charges, while noninterest expense rose 6.32% due to higher salaries & intangible amortization.
  • Consolidated assets totaled $3.63 billion, with the loan portfolio increasing $162.66 million from year-end 2025, largely due to the Hometown Bancshares acquisition.
  • The allowance for credit losses to total loans was 1.32% on September 30, 2026, while non-performing loans decreased to 0.64% of total loans.
  • Return on average assets (ROA) increased to 1.69% & return on average common equity (ROE) rose to 11.23% for the third quarter.
  • Book value per share was $28.83 on September 30, 2026, an increase of 5.60% from year-end 2025.
  • First Community Bank operates 61 branch locations across Virginia, West Virginia, North Carolina, & Tennessee, managing $1.82 billion in wealth management assets.
  • The company did not repurchase common shares in the third quarter, having previously repurchased 504,652 shares for $20.33 million in the first quarter.