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.
First Community Bancshares IncRecord quarterly net income, raised dividend, and gain on sale of stake in Bearing Insurance.