Quarterly ResultApr 28, 2026, 04:12 PM
FCBC Q1 Adjusted Net Income $13.83M; EPS $0.73; Dividend $0.31
AI Summary
First Community Bankshares, Inc. reported Q1 2026 net income of $12.03 million ($0.63 per diluted share) and adjusted net income of $13.83 million ($0.73 per diluted share), an increase of 17.02% from Q1 2025. The company declared a quarterly cash dividend of $0.31 per common share. During the quarter, FCBC completed the acquisition of Hometown Bancshares, Inc., adding $393.81 million in assets and issuing 1.03 million common shares, contributing to significant growth in total assets, loans, and deposits.
Key Highlights
- Q1 2026 adjusted net income was $13.83 million, up 17.02% from Q1 2025.
- Q1 2026 adjusted diluted EPS was $0.73, compared to $0.64 in Q1 2025.
- Declared a quarterly cash dividend of $0.31 per common share, payable May 29, 2026.
- Completed acquisition of Hometown Bancshares, Inc. on January 23, 2026, adding $393.81 million in assets.
- Total consolidated assets increased to $3.64 billion on March 31, 2026.
- Loan portfolio increased $141.27 million (+6.10%) from year-end 2025, including the acquisition.
- Deposits increased $379.06 million (+14.12%) from December 31, 2025, including the acquisition.
- Repurchased 504,652 common shares for $20.33 million during Q1 2026.
- Non-performing loans to total loans decreased to 0.72%, a 0.12% reduction YoY.