First Community Bancshares Inc

First Community Bankshares, Inc. is the financial holding company for First Community Bank, offering a range of banking products and services. These include demand and savings deposits, money market accounts, certificates of deposit, and individual retirement accounts, as well as commercial loans to small and mid-size industrial, commercial, and service companies. It also provides consumer real estate loans such as home equity loans, lines of credit, and residential property financing, plus consumer loans for automobiles, credit cards, personal lines of credit, boats, mobile homes, and other goods. Additional services include trust management, estate administration, and investment advisory services. The company serves individual and commercial customers across industries including education, government, health services, retail trade, construction, manufacturing, tourism, coal mining and gas extraction, and transportation, through branches in Virginia, West Virginia, North Carolina, and Tennessee. Founded in 1874, it is headquartered in Bluefield, Virginia.

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First Community Bankshares Reports Record Quarterly Net Income of $22.51 Million and Raises Dividend

First Community Bankshares, Inc. reported record quarterly net income of $22.51 million, or $1.19 per diluted common share, for the second quarter of 2026, and declared a quarterly cash dividend of $0.33 per common share, an increase of $0.02 or 6.45% over the prior quarter. The record net income was driven in part by a $10.39 million pre-tax gain on the sale of the company's stake in Bearing Insurance; excluding merger-related and other non-recurring items, adjusted net income was $14.38 million, up 17.47% from the same period in 2025. Net interest margin remained strong at 4.38%, and the company's loan portfolio increased $145.00 million from year-end 2025, though excluding the Hometown Bancshares acquisition, loans decreased approximately $26.05 million. Total non-performing assets declined to $17.15 million from $19.11 million a year earlier, and book value per share rose to $28.52. The dividend is payable on August 21, 2026 to shareholders of record on August 7, 2026.

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