First Community Bankshares, Inc. Announces First Quarter 2026 Results and Quarterly Cash Dividend
First Community Bankshares reported Q1 net income of $12.03 million, or $0.63 per share, a slight decrease from the prior year due to merger-related expenses. Excluding these costs, adjusted net income rose 17% to $13.83 million, or $0.73 per share, driven by net interest margin expansion to 4.37%. The company completed the acquisition of Hometown Bancshares in January, adding $393.81 million in assets and increasing total consolidated assets to $3.64 billion. Asset quality improved as non-performing loans fell to 0.72% of total loans.
Key figures
- Eps
- 0.63
- Adjusted eps
- 0.73
- Net interest margin
- 4.37%
- Book value per share
- 27.64
- Non performing loans ratio
- 0.72%
AI analysis
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