FIRST COMMUNITY BANKSHARES Inc /VA/ 1Q 2026: Revenue $44.75M, Net income $12.03M, EPS $0.63— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.FIRST COMMUNITY BANKSHARES Inc /VA/ reported Q1 2026 results with revenue of $44.75M, a 10.4% increase from $40.53M in Q1 2025. Net income rose 1.8% to $12.03M, while diluted EPS decreased by 1.6% to $0.63. The growth was driven by higher net interest income and fee revenue following the acquisition of Hometown, which added 61 branches. Trust and wealth management assets grew to $1.77B, enhancing advisory fee revenue. Merger-related expenses increased noninterest costs, creating goodwill on the balance sheet.
FIRST COMMUNITY BANKSHARES Inc /VA/ reported first-quarter 2026 results with revenue of $44.75M and net income of $12.03M, reflecting modest year-over-year growth driven by higher net interest income and fee revenue following its recent acquisition activity.
Financial Highlights
- Revenue (total interest and noninterest income) was $44.75M for Q1 2026, up from $40.53M in Q1 2025; YoY change 10.4%.
- Net income was $12.03M for Q1 2026, compared with $11.82M in Q1 2025; YoY change 1.8%.
- Diluted EPS was $0.63 for Q1 2026, versus $0.64 in Q1 2025; YoY change (1.6%).
Business Highlights
- Merger completion: Closed the acquisition of Hometown on Jan. 23, 2026, adding 61 branches and expanding the regional footprint.
- Revenue momentum: Adjusted net income was up about 17%, supported by higher net interest income and growth in fee-based revenue.
- Deposit and channel trends: Deposit growth was driven by interest-bearing and demand accounts, with the expanded branch network supporting lending and operations.
- Costs and integration: Merger-related expenses and higher salary costs increased noninterest expense; the transaction created goodwill and intangibles on the balance sheet.
- Business services: Trust and wealth management assets under administration grew to $1.77B, contributing to advisory fee revenue.
Original SEC Filing: FIRST COMMUNITY BANKSHARES INC /VA/ [ FCBC ] - 10-Q - May. 08, 2026