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First Community Bankshares Inc (FCBC) delivers commercial banking and financial services across multiple markets. This dedicated news hub provides investors with verified updates directly from the company and trusted financial sources.
Key resources include: Earnings reports, merger announcements, leadership updates, regulatory filings, and product launches. Track developments in FCBC's deposit services, lending strategies, and trust management operations through primary-source documentation.
Strategic value: Centralized access to FCBC's financial trajectory helps stakeholders monitor interest income trends, fee-based service expansions, and market positioning within competitive banking landscapes. Content is curated for relevance to both short-term analysis and long-term performance tracking.
Bookmark this page for streamlined access to FCBC's official communications and third-party analyses. Regular updates ensure you maintain current awareness of this financial holding company's operational milestones.
First Community Bankshares (NASDAQ: FCBC) reported Q1 2025 financial results with net income of $11.82 million, or $0.64 per diluted share. The company declared a quarterly dividend of $0.31 per share, payable May 23, 2025, marking its 40th consecutive year of regular dividends.
Key financial metrics include:
- Net interest margin: 4.34%
- ROA: 1.49% (down from 1.60% in Q1 2024)
- ROE: 9.49% (down from 10.18% in Q1 2024)
- Total assets: $3.23 billion
Notable changes include a $33.39 million decrease in loans, $40.19 million reduction in securities available for sale, and $6.77 million decrease in deposits. Book value per share declined to $27.09, primarily due to a special cash dividend of $2.07 per share totaling $37.93 million.
First Community Bankshares (NASDAQ: FCBC) reported Q4 2024 net income of $13.04 million ($0.71 per diluted share), a 10.65% increase from Q4 2023. Full-year 2024 net income reached $51.60 million ($2.80 per diluted share), up 7.46% year-over-year.
The company declared a quarterly dividend of $0.31 per share and a special dividend of $2.07 per share, both payable on February 28, 2025. This marks the 40th consecutive year of regular dividends. Over the past four years, FCBC earned $197.45 million, paying $79.68 million in regular dividends and repurchasing $81.95 million in shares.
Q4 highlights include a 6-basis-point decrease in net interest margin to 4.36%, a $156.21 million decrease in loans, and an increase in non-performing loans ratio to 0.83%. Book value per share increased by $1.53 to $28.73 from year-end 2023.
First Community Bankshares, Inc. (NASDAQ: FCBC) reported its Q3 2024 results and declared a quarterly cash dividend. Key highlights include:
- Net income of $13.03 million, or $0.71 per diluted common share for Q3 2024
- Net income of $38.56 million or $2.09 per diluted common share for the first nine months of 2024
- Quarterly cash dividend of $0.31 per common share declared
- Net interest income decreased $1.75 million compared to Q3 2023
- Net interest margin of 4.41%, a decrease of 10 basis points over Q3 2023
- Noninterest income increased by $830 thousand, or 8.63%, compared to Q3 2023
- Annualized ROA was 1.60% for Q3 and first nine months of 2024
- Loans decreased by $128.19 million, or 4.98%, from December 31, 2023
- Deposits decreased by $63.07 million, or 2.32%
First Community Bankshares, Inc. (NASDAQ: FCBC) reported its Q2 2024 results, with net income of $12.69 million, or $0.71 per diluted common share. For the first six months of 2024, net income was $25.53 million or $1.42 per diluted common share. The company declared a quarterly cash dividend of $0.31 per common share, payable on August 23, 2024.
Key highlights include:
- 29.26% increase in net income compared to Q2 2023
- Decrease in provision for credit losses by 96.49%
- Net interest margin of 4.51%, up 3 basis points from Q2 2023
- Annualized ROA of 1.58% and ROE of 10.02% for Q2 2024
- Total assets of $3.23 billion as of June 30, 2024
- Repurchase of 155,044 common shares during Q2 2024
First Community Bankshares reported a net income of $11.78 million, or $0.72 per diluted share, for Q1 2023, representing a 24% increase compared to Q1 2022. The bank declared a quarterly cash dividend of $0.29, marking a 7.41% increase from the previous year. This is the 38th consecutive year of regular dividends. The acquisition of Surrey Bancorp was completed, adding approximately $468 million in assets and $405 million in deposits. Net interest income rose by $4.26 million, while noninterest expense and noninterest income also saw changes. The annualized return on average assets was 1.55% and the net interest margin increased to 4.35%.
First Community Bankshares, Inc. (NASDAQ: FCBC) has successfully completed its acquisition of Surrey Bancorp and its subsidiary Surrey Bank and Trust, effective April 21, 2023. This merger enhances First Community's presence in northwestern North Carolina and southwestern Virginia, integrating Surrey's seven branches into its network. Under the merger terms, Surrey shareholders received 0.7159 shares of First Community common stock for each share held. As of March 2023, Surrey Bank and Trust had approximately $482 million in total assets, $253 million in total loans, and $414 million in total deposits. CEO William P. Stafford II highlighted the deal's strategic importance for serving small business clients, while Surrey's CEO Ted Ashby expressed confidence in the new partnership's dedication to community banking.
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