First Community Bankshares (FCBC) Q2 2026 earnings summary

Executive summary

• Achieved record net income of $22.51 million ($1.19 per diluted share) for Q2 2026, up 83.84% year-over-year; six-month net income was $34.54 million ($1.82 per diluted share), up 43.54% from 2025.

• Declared a quarterly cash dividend of $0.33 per share, a 6.45% increase over last quarter, marking 41 consecutive years of dividends.

• Adjusted net income for Q2 2026 was $14.38 million, up 17.47% year-over-year, excluding a $10.39 million pre-tax gain from the sale of Bearing Insurance and merger-related costs.

Financial highlights

• Net interest margin was 4.38% in Q2 2026, up one basis point year-over-year; net interest income after provision for loan losses rose 11.15%.

• Noninterest income surged 116.06% year-over-year, mainly due to the Bearing Insurance sale.

• Noninterest expense increased 8.29% year-over-year, driven by higher salaries, benefits, and operating expenses.

• Book value per share rose to $28.52, up 4.47% from year-end 2025.

Outlook and guidance

• Forward-looking statements highlight risks from market conditions, regulatory changes, competition, and geopolitical events.