First Community Bankshares, Inc. Announces Special Dividend

Rhea-AI Summary

First Community Bankshares (NASDAQ: FCBC) announced a special cash dividend of $1.00 per common share, expected to be payable on or about January 16, 2026 to shareholders of record on or about January 2, 2026. The Board said the payout totals approximately $18.32 million and follows the company’s capital-management policy to return excess earnings to shareholders when capital needs are met.

The company reported it earned approximately $36.33 million in the first three quarters of 2025, from which it paid regular dividends of $17.02 million and repurchased shares for $1.85 million. Management noted special dividends may be declared from time to time but are not necessarily recurring.

Positive

• $1.00 special cash dividend per common share
• Special dividend totals approximately $18.32 million
• Payable on or about January 16, 2026 to record holders on January 2, 2026

Negative

• Special dividend reduces surplus capital by approximately $18.32 million
• Company states special dividends may not be indicative of future activity

BLUEFIELD, Va., Dec. 16, 2025 (GLOBE NEWSWIRE) -- First Community Bankshares, Inc. (NASDAQ: FCBC) (www.firstcommunitybank.com) (the “Company”) today reported its Board of Directors declared a special cash dividend to common shareholders of $1.00 per common share. 

The Company’s capital management plan and philosophy require the maintenance of a strong capital base from which to grow and serve customers. If current earnings are not needed to increase the capital base to fund growth in core operations or other uses, the capital management plan directs those earnings be returned to shareholders through regular cash dividends and/or stock repurchases. To the extent current earnings exceed those capital uses, the Company may declare special dividends from time to time. The Company earned approximately $36.33 million in the first three quarters of 2025, from which it paid regular dividends of $17.02 million, and repurchased shares for $1.85 million.

The Board of Directors determined that the Company will have sufficient surplus capital to support anticipated growth opportunities and other needs after payment of the special dividend totaling approximately $18.32 million. This special cash dividend is expected to be payable on or about January 16, 2026, to shareholders of record on or about January 2, 2026, and may not be indicative of special cash dividend activity in the future.

Since July 1, 2013, the Company earned approximately $452 million, from which it paid regular dividends of $192 million, special dividends of $46 million, and repurchased 9.38 million shares for $234 million.

FOR MORE INFORMATION, CONTACT:
David D. Brown
(276) 326-9000

FAQ

What special dividend did First Community Bankshares (FCBC) announce on December 16, 2025?

The Board declared a $1.00 per share special cash dividend totaling about $18.32 million.

When is the FCBC special dividend payable and what is the record date?

The special dividend is expected payable on or about January 16, 2026, to shareholders of record on or about January 2, 2026.

How was the FCBC special dividend funded from 2025 earnings?

The company reported approximately $36.33 million earned in the first three quarters of 2025, after paying regular dividends of $17.02 million and repurchasing shares for $1.85 million.

Does this FCBC special dividend guarantee future special dividends for shareholders?

No; the company said special dividends may be declared from time to time and may not be indicative of future special dividend activity.

Will the FCBC special dividend affect the company’s ability to fund growth?

The Board determined the company will have sufficient surplus capital to support anticipated growth after the special dividend payment.