Form 8-K

8-K — FIRST COMMUNITY BANKSHARES INC /VA/

Accession: 0001437749-26-033646

Filed: 2026-10-27

Period: 2026-10-27

CIK: 0000859070

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — fcbc20260819_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (ex_1006999.htm)

GRAPHIC (ex_505116img001.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — FORM 8-K

8-K (Primary)

Filename: fcbc20260819_8k.htm · Sequence: 1

fcbc20260819_8k.htm

false

0000859070

2026-10-27

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 27, 2026

FIRST COMMUNITY BANKSHARES, INC.

(Exact name of registrant as specified in its charter)

Virginia

000-19297

55-0694814

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)

P.O. Box 989

Bluefield, Virginia

24605-0989

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (276) 326-9000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock ($1.00 par value)

FCBC

NASDAQ Global Select

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02

Results of Operations and Financial Condition.

On October 27, 2026, First Community Bankshares, Inc. (the “Company”) announced by press release its earnings for the third quarter of 2026. A copy of the press release is attached hereto as Exhibit 99.1.

Item 8.01

Other Events.

On October 27, 2026, the Company announced by press release its quarterly cash dividend to common shareholders of thirty-three cents, $0.33 per common share, payable on or about November 27, 2026, to shareholders of record on November 13, 2026.

A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01

Financial Statements and Exhibits.

(d)

The following exhibit is included with this report:

Exhibit No.

Exhibit Description

99.1

104

Earnings release dated October 27, 2026.

Cover Page Interactive Data File (formatted as Inline XBRL).

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements. These forward-looking statements are based on current expectations that involve risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may differ materially. These risks include: changes in business or other market conditions; the timely development, production and acceptance of new products and services; the challenge of managing asset/liability levels; the management of credit risk and interest rate risk; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the Company’s Securities and Exchange Commission reports, including but not limited to the Annual Report on Form 10-K for the most recent year ended. Pursuant to the Private Securities Litigation Reform Act of 1995, the Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FIRST COMMUNITY BANKSHARES, INC.

Date:

October 27, 2026

By:

/s/ David D. Brown

David D. Brown

Chief Financial Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: ex_1006999.htm · Sequence: 2

ex_1006999.htm

Exhibit 99.1

NEWS RELEASE

FOR IMMEDIATE RELEASE:

FOR MORE INFORMATION, CONTACT:

October 27, 2026

David D. Brown

(276) 326-9000

First Community Bankshares, Inc. Announces Record Third Quarter 2026 Results and Quarterly Cash Dividend

Bluefield, Virginia – First Community Bankshares, Inc. (NASDAQ: FCBC) (www.firstcommunitybank.com) (the “Company”) today reported its unaudited results of operations and other financial information for the quarter ended September 30, 2026. The Company reported a quarterly net income of $15.42 million, or $0.81 per diluted common share, for the quarter ended September 30, 2026. Net income for the nine months ended September 30, 2026, reached a record $49.96 million, with diluted earnings per common share of $2.63.

The Company also declared a quarterly cash dividend to common shareholders of thirty-three cents, $0.33, per common share. The quarterly dividend is payable to common shareholders of record on November 13, 2026, and is expected to be paid on November 27, 2026. This year marks the 41st consecutive year of regular dividends to common shareholders.

Third Quarter 2026 Highlights

Income Statement

Net income for the third quarter of 2026 increased $3.16 million, or 25.74%, to $15.42 million, compared with $12.27 million for the third quarter of 2025. For the first nine months of 2026, net income reached a record $49.96 million, surpassing the previous nine-month record of $40.61 million reported in 2021 and increasing $13.63 million compared with the first nine months of 2025.

Excluding merger-related and other non-recurring items, adjusted net income for the third quarter of 2026 was $14.74 million, an increase of $1.84 million, or 14.23%, from the same period in 2025. For the first nine months of 2026, adjusted net income totaled $42.79 million, an increase of $5.82 million, or 15.76%, compared to the same time period of 2025. Significant non-recurring pre-tax items during 2026 included a $10.38 million gain on the sale of the Company's stake in Bearing Insurance and merger-related costs of $2.31 million.

Net interest margin increased 3 basis points to 4.46% for the third quarter of 2026, compared with 4.43% for the third quarter of 2025. Net interest rate spread increased 10 basis points to 4.16%, contributing to a $4.62 million, or 14.72%, increase in tax-equivalent net interest income. The improvement was primarily driven by an increase in average earning assets and lower funding costs. Average earning assets increased $390.91 million, or 13.89%, contributing $4.56 million in additional interest income, while the cost of interest-bearing deposits declined 15 basis points.

Net interest income after provision for loan losses increased $3.89 million, or 12.42%, compared with September 30, 2025. The increase was primarily attributable to growth in average earning assets associated with the acquisition of Hometown Bancshares, completed in the first quarter of 2026.

Noninterest income increased $1.76 million, or 16.14%, compared to the same quarter of 2025, primarily reflecting a combined $1.61 million increase in other operating income and other service charges and fees. Noninterest expense increased $1.66 million, or 6.32%, over the same period, primarily due to increases in salaries and benefits of $955 thousand, or 6.66%, other operating expense of $471 thousand, or 13.95%, and amortization of intangibles of $401 thousand, or 92.61%.

Annualized return on average assets ("ROA") increased to 1.69% for the third quarter of 2026, compared with 1.53% for the same quarter of 2025. Annualized return on average common equity ("ROE") increased to 11.23%, compared with 9.58% for the same period of 2025.

When adjusted for merger and non-recurring expenses, ROA was 1.62% for the third quarter of 2026 and ROE was 10.73%. Return on average tangible common equity was 15.32%.

Balance Sheet and Asset Quality

Consolidated assets totaled $3.63 billion at September 30, 2026.

The Company's loan portfolio increased $162.66 million, or 7.03% from year-end 2025. Excluding the Hometown acquisition, the loan portfolio decreased approximately $8.38 million, or 0.36%. However, loan production for the third quarter of 2026 was $125.59 million, compared to $88.84 million for the same quarter in 2025, a 41.37% increase.

The allowance for credit losses increased $1.88 million in the third quarter of 2026 compared to December 31, 2025, primarily driven by the impact of the Hometown transaction. The allowance for credit losses to total loans was 1.32% on September 30, 2026, compared to 1.33% on December 31, 2025, and 1.36% on September 30, 2025.

The Company did not repurchase any common shares in the third quarter of 2026 or 2025. However, 504,652 common shares at a total cost of $20.33 million were repurchased during the first quarter of 2026.

Total non-performing assets declined $1.03 million, or 6.09%, compared to the same period of 2025, reflecting continued improvement in asset quality and the second consecutive quarterly decline.

Non-performing loans as a percentage of total loans improved to 0.64% on September 30, 2026, from 0.71% at September 30, 2025, a decrease of 7 basis points. Net charge-offs for the third quarter of 2026 totaled $696 thousand, or 0.11%, of annualized average loans, compared to $1.42 million, or 0.24%, of annualized average loans for the same period in 2025. The year-over-year improvement was primarily attributable to $2.01 million of significant charge-offs recorded during the third quarter of 2025.

Book value per share on September 30, 2026, was $ 28.83, an increase of $1.53, or 5.60%, from year-end 2025.

Non-GAAP Financial Measures

In addition to financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), the Company uses certain non-GAAP financial measures that provide useful information for financial and operational decision making, evaluating trends, and comparing financial results to other financial institutions. The non-GAAP financial measures presented in this news release include “tangible book value per common share,” “return on average tangible common equity,” “adjusted earnings,” “adjusted diluted earnings per share,” “adjusted return on average assets,” “adjusted return on average common equity,” “adjusted return on average tangible common equity,” and certain financial measures presented on a fully taxable equivalent (“FTE”) basis. FTE basis is calculated using the federal statutory income tax rate of 21%. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as a reconciliation to that comparable GAAP financial measure can be found in the attached tables to this press release. While the Company believes certain non-GAAP financial measures enhance the understanding of its business and performance, they are supplemental and not a substitute for, or more important than, financial measures prepared in accordance with GAAP and may not be comparable to those reported by other financial institutions.

About First Community Bankshares, Inc.

First Community Bankshares, Inc., a financial holding company headquartered in Bluefield, Virginia, provides banking products and services through its wholly owned subsidiary First Community Bank. First Community Bank operated 61 branch banking locations in Virginia, West Virginia, North Carolina, and Tennessee as of September 30, 2026. First Community Bank offers wealth management and investment advice and services through its Trust Division and through its wholly owned subsidiary, First Community Wealth Management, which collectively managed and administered $1.82 billion in combined assets as of September 30, 2026. The Company reported consolidated assets of $3.63 billion as of September 30, 2026. The Company’s common stock is listed on the NASDAQ Global Select Market under the trading symbol, “FCBC”. Additional investor information is available on the Company’s website at www.firstcommunitybank.com.

This news release may include forward-looking statements. These forward-looking statements are based on current expectations that involve risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may differ materially. These risks include: changes in business or other market conditions; the timely development, production and acceptance of new products and services; the challenge of managing asset/liability levels; the management of credit risk and interest rate risk; the difficulty of keeping expense growth at modest levels while increasing revenues; changes in banking laws and regulations; the degree of competition by traditional and non-traditional competitors; the impact of natural disasters, extreme weather events, military conflict , terrorism or other geopolitical events; and other risks detailed from time to time in the Company’s Securities and Exchange Commission reports including, but not limited to, the Annual Report on Form 10-K for the most recent fiscal year end. Pursuant to the Private Securities Litigation Reform Act of 1995, the Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

Three Months Ended

Nine Months Ended

September 30,

June 30,

March 31,

December 31,

September 30,

(Amounts in thousands, except share and per share data)

2026

2025

2026

2025

Interest income

Interest and fees on loans

33,125

32,638

31,722

31,232

30,805

97,485

92,111

Interest on securities

2,167

2,106

2,198

1,221

1,050

6,471

3,317

Interest on deposits in banks

4,913

4,865

3,861

3,826

3,844

13,639

10,828

Total interest income

40,205

39,609

37,781

36,279

35,699

117,595

106,256

Interest expense

Interest on deposits

4,340

4,734

4,487

3,918

4,402

13,561

14,004

Total interest expense

4,340

4,734

4,487

3,918

4,402

13,561

14,004

Net interest income

35,865

34,875

33,294

32,361

31,297

104,034

92,252

Provision for credit losses

680

483

378

1,541

Net interest income after provision

35,185

34,392

32,916

32,325

31,297

102,493

92,216

Noninterest income

12,647

22,341

11,457

11,429

10,889

46,445

31,458

Noninterest expense

27,940

27,565

28,737

27,624

26,279

84,242

76,679

Income before income taxes

19,892

29,168

15,636

16,130

15,907

64,696

46,995

Income tax expense

4,469

6,655

3,609

3,665

3,641

14,733

10,666

Net income

15,423

22,513

12,027

12,465

12,266

49,963

36,329

Earnings per common share

Basic

0.82

1.19

0.64

0.68

0.67

2.64

1.98

Diluted

0.81

1.19

0.63

0.68

0.67

2.63

1.97

Cash dividends per common share

Regular

0.33

0.31

0.95

0.93

Special cash dividend

1.00

2.07

Weighted average shares outstanding

Basic

18,910,756

18,879,907

18,925,478

18,315,268

18,314,865

18,905,327

18,311,661

Diluted

18,993,264

18,979,314

19,032,945

18,390,550

18,400,289

18,986,593

18,417,066

Performance ratios

Return on average assets

1.69

2.49

1.39

1.53

1.86

1.52

Return on average common equity

11.23

16.90

9.29

9.63

9.58

12.49

9.64

Return on average tangible common equity(1)

16.03

24.39

13.46

13.80

13.82

17.98

13.97

(1)

A non-GAAP financial measure defined as net income divided by average stockholders' equity less average goodwill and other intangible assets.

CONDENSED CONSOLIDATED QUARTERLY NONINTEREST INCOME AND EXPENSE (Unaudited)

Three Months Ended

Nine Months Ended

September 30,

June 30,

March 31,

December 31,

September 30,

(Amounts in thousands)

2026

2025

2026

2025

Noninterest income

Wealth management

1,324

1,399

1,299

1,181

1,371

4,022

3,755

Service charges on deposits

4,719

4,431

4,185

4,292

4,520

13,335

12,476

Other service charges and fees

4,412

4,473

3,943

4,046

3,847

12,828

10,978

(Loss) gain on sale of securities

210

)

208

Other operating income(1)

2,192

11,828

2,032

1,911

1,151

16,052

4,249

Total noninterest income

12,647

22,341

11,457

11,429

10,889

46,445

31,458

Noninterest expense

Salaries and employee benefits

15,306

15,127

14,367

14,398

14,351

44,800

42,035

Occupancy expense

1,431

1,529

1,666

1,306

1,508

4,626

4,374

Furniture and equipment expense

1,650

1,576

1,573

1,484

1,502

4,799

4,664

Service fees

3,033

2,858

2,789

2,648

2,728

8,680

7,687

Advertising and public relations

1,122

922

873

923

939

2,917

3,148

Professional fees

305

324

238

240

293

867

1,025

Amortization of intangibles

834

841

846

433

2,521

1,483

FDIC premiums and assessments

412

408

415

360

362

1,235

1,085

Merger expense

2,310

2,125

787

2,310

787

Other operating expense

3,847

3,980

3,660

3,707

3,376

11,487

10,391

Total noninterest expense

27,940

27,565

28,737

27,624

26,279

84,242

76,679

(1)

includes other operating income and expense items, such as the gain from the sale of Bearing Insurance.

RECONCILIATION OF GAAP NET INCOME TO NON-GAAP ADJUSTED EARNINGS (Unaudited)

Three Months Ended

Nine Months Ended

September 30,

June 30,

March 31,

December 31,

September 30,

(Amounts in thousands, except per share data)

2026

2025

2026

2025

Adjusted Net Income

15,423

22,513

12,027

12,465

12,266

49,963

36,329

Non-GAAP adjustments:

(Gain) loss on sale of securities

(210

)

(208

)

Merger expense

2,310

2,125

787

2,310

787

Gain on divestiture

(10,384

)

(10,384

)

Other items (1)

(902

)

(77

)

(216

)

(1,195

)

Total adjustments

(902

)

(10,671

)

2,096

2,125

787

(9,477

)

787

Tax effect

(216

)

(2,543

)

457

434

152

(2,302

)

152

Adjusted earnings, non-GAAP

14,737

14,385

13,666

14,156

12,901

42,788

36,964

Adjusted diluted earnings per common share, non-GAAP

0.78

0.76

0.72

0.77

0.70

2.25

2.01

Performance ratios, non-GAAP

Adjusted return on average assets

1.62

1.59

1.58

1.74

1.60

1.54

Adjusted return on average common equity

10.73

10.80

10.56

10.94

10.08

10.70

9.81

Adjusted return on average tangible common equity (2)

15.32

15.58

15.30

15.67

14.53

15.40

14.21

(1)

Includes other non-recurring income and expense items, such as BOLI proceeds and the sale of bank property.

(2)

A non-GAAP financial measure defined as adjusted earnings divided by average stockholders' equity less average goodwill and other intangible assets.

AVERAGE BALANCE SHEETS AND NET INTEREST INCOME ANALYSIS (Unaudited)

Three Months Ended September 30,

2026

2025

Average

Average Yield/

Average

Average Yield/

(Amounts in thousands)

Balance

Interest (1)

Rate (1)

Balance

Interest (1)

Rate (1)

Assets

Earning assets

Loans(2)(3)

2,459,077

33,281

5.37

2,339,631

30,897

5.24

Securities available for sale

243,418

2,180

3.55

130,187

1,070

3.26

Interest-bearing deposits

501,771

4,913

3.88

343,541

3,845

4.44

Total earning assets

3,204,266

40,374

5.00

2,813,359

35,812

5.05

Other assets

409,121

377,244

Total assets

3,613,387

3,190,603

Liabilities and stockholders' equity

Interest-bearing deposits

Demand deposits

810,579

292

0.14

657,223

196

0.12

Savings deposits

1,030,223

3,246

1.25

895,925

3,225

1.43

Time deposits

203,090

788

1.54

213,601

981

1.82

Total interest-bearing deposits

2,043,892

4,326

0.84

1,766,749

4,402

0.99

Borrowings

Federal funds purchased

Retail repurchase agreements

3,082

1.86

1,159

0.06

Total borrowings

3,082

1.86

1,159

0.06

Total interest-bearing liabilities

2,046,974

4,340

0.84

1,767,908

4,402

0.99

Noninterest-bearing demand deposits

965,545

868,489

Other liabilities

55,925

46,321

Total liabilities

3,068,444

2,682,718

Stockholders' equity

544,943

507,885

Total liabilities and stockholders' equity

3,613,387

3,190,603

Net interest income, FTE(1)

36,034

31,410

Net interest rate spread

4.16

4.06

Net interest margin, FTE(1)

4.46

4.43

(1)

Interest income and average yield/rate are presented on a FTE, non-GAAP, basis using the federal statutory income tax rate of 21%.

(2)

Nonaccrual loans are included in the average balance; however, no related interest income is recorded during the period of nonaccrual.

(3)

Interest on loans includes non-cash and accelerated purchase accounting accretion of $156 thousand and $405 thousand for the three months ended September 30, 2026,and 2025, respectively.

AVERAGE BALANCE SHEETS AND NET INTEREST INCOME ANALYSIS (Unaudited)

Nine Months Ended September 30,

2026

2025

Average

Average Yield/

Average

Average Yield/

(Amounts in thousands)

Balance

Interest(1)

Rate(1)

Balance

Interest(1)

Rate(1)

Assets

Earning assets

Loans(2)(3)

2,450,945

97,931

5.34

2,366,151

92,385

5.22

Securities available for sale

248,350

6,521

3.51

135,900

3,384

3.33

Interest-bearing deposits

473,225

13,644

3.85

324,625

10,828

4.46

Total earning assets

3,172,520

118,096

4.98

2,826,676

106,597

5.04

Other assets

413,180

376,317

Total assets

3,585,700

3,202,993

Liabilities and stockholders' equity

Interest-bearing deposits

Demand deposits

808,799

1,279

0.21

657,916

554

0.11

Savings deposits

1,018,583

9,602

1.26

894,049

9,857

1.47

Time deposits

210,513

2,644

1.68

226,690

3,593

2.12

Total interest-bearing deposits

2,037,895

13,525

0.89

1,778,655

14,004

1.05

Borrowings

Federal funds purchased

Retail repurchase agreements

2,882

1.69

1,174

0.06

Total borrowings

2,882

1.69

1,174

0.06

Total interest-bearing liabilities

2,040,777

13,561

0.89

1,779,829

14,004

1.05

Noninterest-bearing demand deposits

952,429

868,639

Other liabilities

57,653

50,547

Total liabilities

3,050,859

2,699,015

Stockholders' equity

534,841

503,978

Total liabilities and stockholders' equity

3,585,700

3,202,993

Net interest income, FTE(1)

104,535

92,593

Net interest rate spread

4.09

3.99

Net interest margin, FTE(1)

4.41

4.38

(1)

Interest income and average yield/rate are presented on a FTE, non-GAAP, basis using the federal statutory income tax rate of 21%.

(2)

Nonaccrual loans are included in the average balance; however, no related interest income is recorded during the period of nonaccrual.

(3)

Interest on loans includes non-cash and accelerated purchase accounting accretion of $1.02 million and $1.39 million for the nine months ended September 30, 2026, and 2025, respectively.

CONDENSED CONSOLIDATED QUARTERLY BALANCE SHEETS (Unaudited)

September 30,

June 30,

March 31,

December 31,

September 30,

(Amounts in thousands, except per share data)

2026

2025

Assets

Cash and cash equivalents

502,348

591,913

600,299

512,240

427,705

Debt securities available for sale, at fair value

335,316

239,050

267,522

132,688

131,314

Loans held for investment, net of unearned income

2,477,419

2,459,746

2,456,029

2,314,755

2,331,305

Allowance for credit losses

(32,638

)

(32,654

)

(33,543

)

(30,761

)

(31,597

)

Loans held for investment, net

2,444,781

2,427,092

2,422,486

2,283,994

2,299,708

Premises and equipment, net

50,132

50,161

50,204

47,560

47,522

Other real estate owned

264

Interest receivable

9,740

9,344

9,856

8,720

9,121

Goodwill

145,672

143,946

Other intangible assets

17,167

18,001

18,841

11,098

11,531

Other assets

128,457

126,435

130,067

119,397

118,502

Total assets

3,633,679

3,607,720

3,644,947

3,259,643

3,189,613

Liabilities

Deposits

Noninterest-bearing

974,259

973,218

959,555

896,255

865,554

Interest-bearing

2,054,625

2,043,373

2,104,832

1,789,074

1,765,039

Total deposits

3,028,884

3,016,591

3,064,387

2,685,329

2,630,593

Securities sold under agreements to repurchase

2,440

2,924

3,181

1,214

1,429

Interest, taxes, and other liabilities

57,085

49,105

55,985

72,553

46,866

Total liabilities

3,088,409

3,068,620

3,123,553

2,759,096

2,678,888

Stockholders' equity

Common stock

18,916

18,903

18,861

18,335

18,315

Additional paid-in capital

186,827

186,291

184,684

170,358

169,569

Retained earnings

351,285

342,103

325,439

319,368

330,895

Accumulated other comprehensive loss

(11,758

)

(8,197

)

(7,590

)

(7,514

)

(8,054

)

Total stockholders' equity

545,270

539,100

521,394

500,547

510,725

Total liabilities and stockholders' equity

3,633,679

3,607,720

3,644,947

3,259,643

3,189,613

Shares outstanding at period-end

18,916,116

18,902,628

18,861,295

18,334,787

18,314,905

Book value per common share

28.83

28.52

27.64

27.30

27.89

Tangible book value per common share(1)

20.22

19.86

18.92

18.84

19.40

(1)

A non-GAAP financial measure defined as stockholders' equity less goodwill and other intangible assets, divided by shares outstanding.

SELECTED CREDIT QUALITY INFORMATION (Unaudited)

September 30,

June 30,

March 31,

December 31,

September 30,

(Amounts in thousands)

2026

2025

Allowance for Credit Losses

Balance at beginning of period:

Allowance for credit losses - loans

32,654

33,543

30,761

31,597

33,020

Allowance for credit losses - loan commitments

505

433

355

319

Total allowance for credit losses beginning of period

33,159

33,976

31,116

31,916

33,339

Adjustments to beginning balance:

Allowance for credit losses - loans - Hometown acquisition

3,213

Net Adjustments

3,213

Provision for credit losses:

Provision for credit losses - loans

680

411

300

Provision for credit losses - loan commitments

Total provision for credit losses - loans and loan commitments

680

483

378

Charge-offs

(1,254

)

(1,804

)

(1,379

)

(1,527

)

(2,015

)

Recoveries

558

504

648

691

592

Net charge-offs

(696

)

(1,300

)

(731

)

(836

)

(1,423

)

Balance at end of period:

Allowance for credit losses - loans

32,638

32,654

33,543

30,761

31,597

Allowance for credit losses - loan commitments

505

433

355

319

Ending balance

33,143

33,159

33,976

31,116

31,916

Nonperforming Assets

Nonaccrual loans

15,763

16,816

17,672

13,941

16,514

Accruing loans past due 90 days or more

280

212

125

Total nonperforming loans

15,808

17,096

17,702

14,153

16,639

OREO

264

Total nonperforming assets

15,874

17,148

17,702

14,153

16,903

Additional Information

Total modified loans

3,418

3,435

2,736

2,442

2,291

Asset Quality Ratios

Nonperforming loans to total loans

0.64

0.70

0.72

0.61

0.71

Nonperforming assets to total assets

0.44

0.48

0.49

0.43

0.53

Allowance for credit losses to nonperforming loans

206.47

191.00

189.49

217.35

189.90

Allowance for credit losses to total loans

1.32

1.33

1.37

1.33

1.36

Annualized net charge-offs to average loans

0.11

0.21

0.12

0.14

0.24

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v3.26.3

Document And Entity Information

Oct. 27, 2026

Document Information [Line Items]

Entity, Registrant Name

FIRST COMMUNITY BANKSHARES, INC.

Document, Type

8-K

Document, Period End Date

Oct. 27, 2026

Entity, Incorporation, State or Country Code

Entity, File Number

000-19297

Entity, Tax Identification Number

55-0694814

Entity, Address, Address Line One

P.O. Box 989

Entity, Address, City or Town

Bluefield

Entity, Address, State or Province

Entity, Address, Postal Zip Code

24605-0989

City Area Code

276

Local Phone Number

326-9000

Written Communications

false

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false

Pre-commencement Tender Offer

false

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Title of 12(b) Security

Common Stock

Trading Symbol

FCBC

Security Exchange Name

NASDAQ

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Entity, Central Index Key

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