First Community Bankshares reported a 25.7% year-over-year increase in net income for the third quarter 2026, reaching $15.42 million. The bank delivered a beat on both revenue and earnings, driven by expanding net interest margins and significant momentum in new loan volume.
Key Highlights
- Diluted EPS of $0.81 exceeded the $0.77 analyst estimate, while adjusted net income rose 14.2% year-over-year to $14.74 million.
- Net interest margin (FTE basis) expanded to 4.46% from 4.43% in the prior year, benefiting from a $390.91 million increase in average earning assets.
- Quarterly loan production surged 41.4% to $125.59 million, contributing to a total loan portfolio growth of 7.03% since year-end 2025.
- Asset quality improved as non-performing loans fell to 0.64% of total loans, down 7 basis points from the same period in 2025.
- The board declared a quarterly dividend of $0.33 per share, marking the company’s 41st consecutive year of regular dividends.