Key Highlights

  • First Community Bankshares reported third quarter net income of USD 15.42 million, or USD 0.81 per diluted share.
  • Adjusted diluted earnings per share, which exclude non-recurring items, were USD 0.78 for the quarter.
  • Nine month net income reached a record USD 49.96 million, surpassing the company's prior nine month record.
  • The company declared a quarterly cash dividend of USD 0.33 per share, extending a streak of 41 consecutive years of dividends.

Net Income Rises on Gain From Insurance Stake Sale

First Community Bankshares (NASDAQ:FCBC) reported third quarter net income of USD 15.42 million, or USD 0.81 per diluted common share, up from USD 12.27 million in the third quarter of 2025, an increase of 25.74%. Results included a USD 10.38 million gain on the sale of the company's stake in Bearing Insurance, along with USD 2.31 million of merger related costs.

Excluding these non-recurring items, adjusted net income for the quarter was USD 14.74 million, with adjusted diluted earnings per share of USD 0.78, an increase of USD 1.84 million, or 14.23%, from the same period in 2025. Net interest margin increased 3 basis points to 4.46% for the quarter.

Record Nine Month Results

For the first nine months of 2026, net income reached a record USD 49.96 million, surpassing the company's previous nine month record of USD 40.61 million set in 2021, an increase of USD 13.63 million compared with the same period of 2025. Diluted earnings per common share for the nine month period were USD 2.63.

Adjusted net income for the nine month period totaled USD 42.79 million, an increase of USD 5.82 million, or 15.76%, compared with the same period of 2025, reflecting underlying operating performance after excluding the non-recurring gain and merger costs.

Dividend History and Capital Return

The company declared a quarterly cash dividend of USD 0.33 per share, payable in late November to shareholders of record in mid November, marking the 41st consecutive year of regular dividends to common shareholders. This extended dividend history reflects a long standing capital return policy maintained through multiple economic cycles.

The gain on the Bearing Insurance stake sale was a one time contributor to this quarter's GAAP results, meaning the adjusted figures may better reflect the company's underlying run rate heading into the fourth quarter, a period in which that gain is no longer present in year over year comparisons.

Items to Track Next Quarter

Net interest margin trends relative to the 4.46% reported this quarter, the absence of the one time Bearing Insurance gain in future comparisons, and continued progress on merger related integration costs are among the items that may shape how the fourth quarter compares with this result. The company's 41 year dividend streak remains a reference point investors have used to assess capital return consistency.