First Community Bankshares, Inc. (NASDAQ: FCBC) is a financial holding company headquartered in Bluefield, Virginia, operating in the commercial banking industry through its wholly owned subsidiary, First Community Bank. This news page aggregates company-issued updates and regulatory-linked announcements so updates cover how the bank’s financial performance, capital actions, and strategic decisions evolve over time.
News about First Community Bankshares frequently centers on quarterly and annual earnings releases, which detail net income, net interest income, noninterest income, and key performance ratios such as return on average assets and return on average common equity. These releases also discuss trends in loans, deposits, securities, nonperforming assets, and allowance for credit losses, providing insight into the company’s balance sheet and asset quality.
Another recurring theme in FCBC news is capital management. The company regularly announces quarterly cash dividends to common shareholders and has reported a long history of consecutive regular dividend payments. From time to time, it also discloses special cash dividends and share repurchase activity, explaining how these actions align with its capital management plan and philosophy.
Strategic transactions and regulatory milestones are also covered. First Community Bankshares has reported acquisitions, such as the Surrey Bancorp transaction, and has announced an Agreement and Plan of Merger to acquire Hometown Bancshares, Inc., with Union Bank, Inc. to be merged into First Community Bank. Related news includes updates on regulatory approvals, shareholder votes, and expected closing timelines.
Investors, analysts, and other interested readers can use this page to review FCBC’s historical and ongoing public communications, including earnings announcements, dividend declarations, merger-related updates, and other material events disclosed through press releases and SEC-referenced news.
First Community Bankshares, Inc. (NASDAQ: FCBC) reported net income of $7.87 million, or $0.44 per diluted common share, for Q1 2020, reflecting a 26.67% decrease compared to Q1 2019. The company declared a quarterly cash dividend of $0.25, marking 35 consecutive years of dividends. Due to the COVID-19 pandemic, the bank modified or deferred payments on loans totaling $327.52 million and processed 641 loans under the Paycheck Protection Program totaling $58.26 million. The net interest margin improved to 4.71%, while loan loss provisions increased to $3.50 million due to economic uncertainty.
Summary not available.