First Community Bankshares (FCBC) Q3 2026 earnings summary

Executive summary

• Q3 2026 net income rose 25.74% YoY to $15.42M, or $0.81 per diluted share; 9M net income reached a record $49.96M, or $2.63 per diluted share.

• Adjusted net income was $14.74M for Q3, up 14.23% YoY, and $42.79M for 9M, up 15.76%.

• Higher net interest income and acquisition-driven growth supported results; 9M earnings also included a $10.38M Bearing Insurance sale gain.

Financial highlights

• Q3 net interest income was $35.87M, up 14.60% YoY; FTE net interest income rose 14.72% to $36.03M.

• Q3 noninterest income increased 16.14% YoY to $12.65M; 9M noninterest income rose 47.64% to $46.45M, including the $10.38M Bearing Insurance gain.

• Noninterest expense rose 6.32% YoY to $27.94M in Q3 and 9.86% to $84.24M in 9M; 9M included $2.31M of Hometown merger expense.

• Total assets were $3.63B at September 30, 2026, up $374.04M, or 11.47%, from year-end 2025, primarily reflecting Hometown.

• Q3 net interest income after provision for credit losses increased $3.89M, or 12.42%, YoY, primarily on higher average earning assets after the Hometown acquisition.

Key financial ratios and metrics

• Q3 basic/diluted EPS was $0.82/$0.81 versus $0.67/$0.67 YoY; 9M basic/diluted EPS was $2.64/$2.63 versus $1.98/$1.97.

• Q3 FTE net interest margin was 4.46%, up 3 bps YoY, and spread was 4.16%, up 10 bps; 9M FTE margin was 4.41%, up 3 bps.

• Q3 ROA was 1.69% versus 1.53% YoY and ROE was 11.23% versus 9.58%; adjusted ROA/ROE were 1.62%/10.73%.

• Allowance for credit losses was $32.64M, or 1.32% of loans; nonperforming loans were 0.64% of loans and allowance coverage was 206.47%.

• Q3 net charge-offs were $696K, or 0.11% of annualized average loans, versus $1.42M, or 0.24%, in Q3 2025.