First Community Bankshares (FCBC) Q4 2025 earnings summary

Executive summary

• Reported net income of $12.46 million ($0.68 per diluted share) for Q4 2025; full-year net income was $48.79 million ($2.65 per diluted share).

• Declared a regular quarterly dividend of $0.31 per share and two special cash dividends totaling $3.07 per share in 2025.

• Completed the acquisition of Hometown Bancshares, Inc. and its subsidiary Union Bank, Inc. in January 2026.

Financial highlights

• Q4 2025 net income decreased 4.41% year-over-year; full-year net income decreased 5.45%.

• Adjusted Q4 net income (excluding merger/non-recurring expenses) was $14.16 million, up 8.56% year-over-year.

• Net interest margin for Q4 2025 was 4.53%, up 17 basis points year-over-year.

• Net interest income after provision for loan losses increased 6.86% year-over-year in Q4.

• Noninterest income rose 10.57% year-over-year in Q4, driven by higher service charges and fees.

• Noninterest expense increased 14.59% year-over-year in Q4, mainly due to merger expenses and higher salaries.

Outlook and guidance

• Capital management strategy focuses on maintaining a strong capital base, supporting growth, and returning excess capital to shareholders through dividends and share repurchases.