Groowe Groowe BETA / Newsroom
⏱ News is delayed by 15 minutes. Sign in for real-time access. Sign in

Form 8-K

sec.gov

8-K — FIRST COMMUNITY BANKSHARES INC /VA/

Accession: 0001437749-26-013643

Filed: 2026-04-28

Period: 2026-04-28

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 — fcbc20260310_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (ex_931050.htm)

GRAPHIC (ex_505116img001.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — FORM 8-K

8-K (Primary)

Filename: fcbc20260310_8k.htm · Sequence: 1

fcbc20260310_8k.htm

false

0000859070

0000859070

2026-04-28

2026-04-28

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): April 28, 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 April 28, 2026, First Community Bankshares, Inc. (the “Company”) announced by press release its earnings for the first quarter of 2026. A copy of the press release is attached hereto as Exhibit 99.1.

Item 8.01

Other Events.

On April 28, 2026, the Company announced by press release its quarterly cash dividend to common shareholders of thirty-one cents, $0.31 per common share, payable on or about May 29, 2026, to shareholders of record on May 15, 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 April 28, 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:

April 28, 2026

By:

/s/ David D. Brown

David D. Brown

Chief Financial Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: ex_931050.htm · Sequence: 2

ex_931050.htm

Exhibit 99.1

NEWS RELEASE

FOR IMMEDIATE RELEASE:

FOR MORE INFORMATION, CONTACT:

David D. Brown

(276) 326-9000

First Community Bankshares, Inc. Announces First 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 March 31, 2026. The Company reported net income of $12.03 million, or $0.63 per diluted common share, for the quarter ended March 31, 2026.  When adjusted to exclude the impact of merger-related expenses associated with the acquisition of Hometown Bancshares, Inc and non-recurring expenses, net income was $13.83 million, or $0.73 per diluted common share.

The Company also declared a quarterly cash dividend to common shareholders of thirty-one cents, $0.31, per common share. The quarterly dividend is payable to common shareholders of record on May 15, 2026, and is expected to be paid on May 29, 2026. 2026 marks the 41st consecutive year of regular dividends to common shareholders and 2025 represented the 16th consecutive year of regular dividend increases.

On January 23, 2026, the Company completed the acquisition of Middlebourne, West Virginia-based, Hometown Bancshares, Inc. and its wholly owned subsidiary, Union Bank, Inc.

First Quarter 2026 Highlights

Income Statement

o

Net income of $12.03 million for the first quarter of 2026, was an increase of $209 thousand, or 1.77%, from the same quarter of 2025.

o

When adjusted for merger and non-recurring expenses, net income of $13.83 million was an increase of $2.01 million, or 17.02%, from the same period in 2025.

o

Net interest margin remained strong at 4.37% in the first quarter of 2026, up 3 basis points from the first quarter of 2025.  Net interest rate spread increased 11 basis points to 4.05%, driving a $3.05 million, or 10.02%, increase in tax-equivalent net interest income.  The improvement was primarily driven by an increase in the average balance of interest earnings assets and lower funding cost yields.  Average earning assets increased $263.04 million, or 9.26%, contributing $2.67 million in additional interest income, while the yield of interest-bearing deposits declined 19 basis points, reducing interest expense by $393 thousand, or 8.07%.

o

Net interest income after provision for loan losses increased $2.94 million, or 9.80%, compared to March 31, 2025. The increase is attributable to an increase in average earnings assets and decreased funding costs.

o

Noninterest income increased approximately $1.23 million, or 12.00%, when compared to the same quarter of 2025.  The increase is attributable primarily to an increase in other services charges and fees of $603 thousand, or 18.05%, and service charges on deposits of $349 thousand, or 9.10%.   Noninterest expense increased $3.79 million, or 15.21%, when compared to the same period of 2025.  The increase is attributable to merger expenses of $2.31 million and an increase in salaries and benefits of $1.03 million, or 7.74%.  The merger expense is related to the recent acquisition of Hometown Bancshares, Inc.

o

Annualized return on average assets ("ROA") was 1.39% for the first quarter of 2026 compared to 1.49% for the same period of 2025.  Annualized return on average common equity ("ROE") was 9.29% for the first quarter of 2026 compared to 9.49% for the same period of 2025.

o

When adjusted for merger and non-recurring expenses, ROA was 1.60% for the first quarter of 2026 and ROE was 10.69%.  Return on average tangible common equity continues to remain strong at 15.48% for the first quarter of 2026.

1

Balance Sheet and Asset Quality

o

The Company completed the strategic acquisition of Hometown Bancshares, Inc., on January 23, 2026.  Total assets of $393.81 million were acquired in the transaction increasing the Company's consolidated assets to $3.64 billion on March 31, 2026.  In addition, the Company issued 1.03 million common shares in the purchase resulting in an increase in capital of $35.07 million.  The purchase transaction created $1.73 million in goodwill and $8.59 million in other intangible assets.  Other major balance sheet components increased in the transaction with $171.04 million acquired loans and $357.72 million in deposits.

o

The Company's loan portfolio increased $141.27 million, or 6.10% from yearend 2025.  Excluding the Hometown transaction, the loan portfolio decreased approximately $29.77 million, or 1.29%.  Loan production for the first quarter of 2026 was $105.07 million, an increase of $27.16 million over first quarter of 2025.

o

Deposits increased $379.06 million, or 14.12% from December 31, 2025.  Excluding the Hometown transaction, deposits increased $21.33 million, or 0.79%.

o

The Company repurchased 504,652 common shares for a total cost of $20.33 million during the first quarter of 2026.  Shares repurchase activity was suspended in the third quarter of 2025 in anticipation of the acquisition of Hometown Bancshares, Inc. and resumed upon its completion in the first quarter of 2026.

o

Non-performing loans to total loans decreased to 0.72%, a 0.12% reduction when compared with the same quarter of 2025.  The Company experienced net charge-offs for the first quarter of 2026 of $731 thousand, or 0.12%, of annualized average loans, compared to net charge-offs of $1.39 million, or 0.24%, of annualized average loans for the same period in 2025.

o

The allowance for credit losses increased $2.78 million, primarily driven by the $3.21 million impact of the Hometown transaction.  The allowance for credit losses to total loans was 1.37% on March 31, 2026, compared to 1.42% on March 31, 2025.

o

Book value per share on March 31, 2026, was $ 27.64, an increase of $0.34 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 March 31, 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 $1.77 billion in combined assets as of March 31, 2026. The Company reported consolidated assets of $3.64 billion as of March 31, 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.

2

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

Three Months Ended

March 31,

December 31,

September 30,

June 30,

March 31,

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

2026

2025

2025

2025

2025

Interest income

Interest and fees on loans

$

31,722

$

31,232

$

30,805

$

30,637

$

30,669

Interest on securities

2,198

1,221

1,050

1,029

1,238

Interest on deposits in banks

3,861

3,826

3,844

3,722

3,262

Total interest income

37,781

36,279

35,699

35,388

35,169

Interest expense

Interest on deposits

4,487

3,918

4,402

4,731

4,871

Interest on borrowings

-

-

-

-

-

Total interest expense

4,487

3,918

4,402

4,731

4,871

Net interest income

33,294

32,361

31,297

30,657

30,298

Provision for credit losses

378

36

-

(285

)

321

Net interest income after provision

32,916

32,325

31,297

30,942

29,977

Noninterest income

11,457

11,429

10,889

10,340

10,229

Noninterest expense

28,737

27,624

26,279

25,455

24,944

Income before income taxes

15,636

16,130

15,907

15,827

15,262

Income tax expense

3,609

3,665

3,641

3,581

3,444

Net income

$

12,027

$

12,465

$

12,266

$

12,246

$

11,818

Earnings per common share

Basic

$

0.64

$

0.68

$

0.67

$

0.67

$

0.64

Diluted

$

0.63

$

0.68

$

0.67

$

0.67

$

0.64

Cash dividends per common share

Regular

0.31

0.31

0.31

0.31

0.31

Special cash dividend

-

1.00

-

-

2.07

Weighted average shares outstanding

Basic

18,925,478

18,315,268

18,314,865

18,295,465

18,324,760

Diluted

19,032,945

18,390,550

18,400,289

18,400,793

18,451,321

Performance ratios

Return on average assets

1.39

%

1.53

%

1.53

%

1.53

%

1.49

%

Return on average common equity

9.29

%

9.63

%

9.58

%

9.84

%

9.49

%

Return on average tangible common equity(1)

13.46

%

13.80

%

13.82

%

14.32

%

13.79

%

(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

March 31,

December 31,

September 30,

June 30,

March 31,

(Amounts in thousands)

2026

2025

2025

2025

2025

Noninterest income

Wealth management

$

1,299

$

1,181

$

1,371

$

1,222

$

1,162

Service charges on deposits

4,185

4,292

4,520

4,120

3,836

Other service charges and fees

3,943

4,046

3,847

3,791

3,340

(Loss) gain on sale of securities

(2

)

-

-

-

-

Other operating income

2,032

1,911

1,151

1,207

1,891

Total noninterest income

$

11,457

$

11,429

$

10,889

$

10,340

$

10,229

Noninterest expense

Salaries and employee benefits

$

14,367

$

14,398

$

14,351

$

14,349

$

13,335

Occupancy expense

1,666

1,306

1,508

1,290

1,576

Furniture and equipment expense

1,573

1,484

1,502

1,587

1,575

Service fees

2,789

2,648

2,728

2,475

2,484

Advertising and public relations

873

923

939

1,154

1,055

Professional fees

238

240

293

360

372

Amortization of intangibles

846

433

433

526

524

FDIC premiums and assessments

415

360

362

361

362

Merger expense

2,310

2,125

787

-

-

Other operating expense

3,660

3,707

3,376

3,353

3,661

Total noninterest expense

$

28,737

$

27,624

$

26,279

$

25,455

$

24,944

3

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

Three Months Ended

March 31,

December 31,

September 30,

June 30,

March 31,

(Amounts in thousands, except per share data)

2026

2025

2025

2025

2025

Adjusted Net Income for diluted earnings per share

$

12,027

$

12,465

$

12,266

$

12,246

$

11,818

Non-GAAP adjustments:

Loss on sale of securities

2

-

-

-

-

Merger expense

2,310

2,125

787

-

-

Total adjustments

2,312

2,125

787

-

-

Tax effect

509

434

152

-

-

Adjusted earnings, non-GAAP

$

13,830

$

14,156

$

12,901

$

12,246

$

11,818

Adjusted diluted earnings per common share, non-GAAP

$

0.73

$

0.77

$

0.70

$

0.67

$

0.64

Performance ratios, non-GAAP

Adjusted return on average assets

1.60

%

1.74

%

1.60

%

1.53

%

1.49

%

Adjusted return on average common equity

10.69

%

10.94

%

10.08

%

9.84

%

9.49

%

Adjusted return on average tangible common equity (2)

15.48

%

15.67

%

14.53

%

14.32

%

13.79

%

(1)

Includes other non-recurring income and expense items.

(2)

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

4

AVERAGE BALANCE SHEETS AND NET INTEREST INCOME ANALYSIS (Unaudited)

Three Months Ended March 31,

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)

$

2,434,351

$

31,854

5.31

%

$

2,395,068

$

30,757

5.21

%

Securities available for sale

258,621

2,224

3.49

%

149,266

1,261

3.43

%

Interest-bearing deposits

410,338

3,865

3.82

%

295,939

3,262

4.47

%

Total earning assets

3,103,310

37,943

4.96

%

2,840,273

35,280

5.04

%

Other assets

413,222

373,791

Total assets

$

3,516,532

$

3,214,064

Liabilities and stockholders' equity

Interest-bearing deposits

Demand deposits

$

780,138

$

417

0.22

%

$

658,651

$

180

0.11

%

Savings deposits

997,222

3,097

1.26

%

891,148

3,311

1.51

%

Time deposits

216,089

964

1.81

%

238,254

1,380

2.35

%

Total interest-bearing deposits

1,993,449

4,478

0.91

%

1,788,053

4,871

1.10

%

Borrowings

Federal funds purchased

-

-

-

-

-

-

Retail repurchase agreements

2,565

9

1.44

%

1,071

-

0.06

%

Total borrowings

2,565

9

1.44

%

1,071

-

0.06

%

Total interest-bearing liabilities

1,996,014

4,487

0.91

%

1,789,124

4,871

1.10

%

Noninterest-bearing demand deposits

933,084

859,988

Other liabilities

62,507

60,167

Total liabilities

2,991,605

2,709,279

Stockholders' equity

524,927

504,785

Total liabilities and stockholders' equity

$

3,516,532

$

3,214,064

Net interest income, FTE(1)

$

33,456

$

30,409

Net interest rate spread

4.05

%

3.94

%

Net interest margin, FTE(1)

4.37

%

4.34

%

(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 $490 thousand and $556 thousand for the three months ended March 31, 2026,and 2025, respectively.

5

CONDENSED CONSOLIDATED QUARTERLY BALANCE SHEETS (Unaudited)

March 31,

December 31,

September 30,

June 30,

March 31,

(Amounts in thousands, except per share data)

2026

2025

2025

2025

2025

Assets

Cash and cash equivalents

$

600,299

$

512,240

$

427,705

$

395,057

$

414,682

Debt securities available for sale, at fair value

267,522

132,688

131,314

132,535

129,659

Loans held for investment, net of unearned income

2,456,029

2,314,755

2,331,305

2,353,277

2,382,699

Allowance for credit losses

(33,543

)

(30,761

)

(31,597

)

(33,020

)

(33,784

)

Loans held for investment, net

2,422,486

2,283,994

2,299,708

2,320,257

2,348,915

Premises and equipment, net

50,204

47,560

47,522

48,023

48,780

Other real estate owned

-

-

264

455

298

Interest receivable

9,856

8,720

9,121

8,787

9,306

Goodwill

145,672

143,946

143,946

143,946

143,946

Other intangible assets

18,841

11,098

11,531

11,964

12,490

Other assets

130,067

119,397

118,502

119,990

117,697

Total assets

$

3,644,947

$

3,259,643

$

3,189,613

$

3,181,014

$

3,225,773

Liabilities

Deposits

Noninterest-bearing

$

959,555

$

896,255

$

865,554

$

873,677

$

893,794

Interest-bearing

2,104,832

1,789,074

1,765,039

1,761,687

1,790,683

Total deposits

3,064,387

2,685,329

2,630,593

2,635,364

2,684,477

Securities sold under agreements to repurchase

3,181

1,214

1,429

1,016

908

Interest, taxes, and other liabilities

55,985

72,553

46,866

41,805

43,971

Total liabilities

3,123,553

2,759,096

2,678,888

2,678,185

2,729,356

Stockholders' equity

Common stock

18,861

18,335

18,315

18,311

18,327

Additional paid-in capital

184,684

170,358

169,569

169,358

169,867

Retained earnings

325,439

319,368

330,895

324,307

317,728

Accumulated other comprehensive loss

(7,590

)

(7,514

)

(8,054

)

(9,147

)

(9,505

)

Total stockholders' equity

521,394

500,547

510,725

502,829

496,417

Total liabilities and stockholders' equity

$

3,644,947

$

3,259,643

$

3,189,613

$

3,181,014

$

3,225,773

Shares outstanding at period-end

18,861,295

18,334,787

18,314,905

18,311,232

18,326,657

Book value per common share

$

27.64

$

27.30

$

27.89

$

27.46

$

27.09

Tangible book value per common share(1)

18.92

18.84

19.40

18.95

18.55

(1)

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

6

SELECTED CREDIT QUALITY INFORMATION (Unaudited)

March 31,

December 31,

September 30,

June 30,

March 31,

(Amounts in thousands)

2026

2025

2025

2025

2025

Allowance for Credit Losses

Balance at beginning of period:

Allowance for credit losses - loans

$

30,761

$

31,597

$

33,020

$

33,784

$

34,825

Allowance for credit losses - loan commitments

355

319

319

312

341

Total allowance for credit losses beginning of period

31,116

31,916

33,339

34,096

35,166

Adjustments to beginning balance:

Allowance for credit losses - loans - Hometown acquisition

3,213

-

-

-

-

Net Adjustments

3,213

-

-

-

-

Provision for credit losses:

Provision for (recovery of) credit losses - loans

300

-

-

(292

)

350

Provision for (recovery of) credit losses - loan commitments

78

36

-

7

(29

)

Total provision for (recovery of) credit losses - loans and loan commitments

378

36

-

(285

)

321

Charge-offs

(1,379

)

(1,527

)

(2,015

)

(1,509

)

(1,998

)

Recoveries

648

691

592

1,037

607

Net charge-offs

(731

)

(836

)

(1,423

)

(472

)

(1,391

)

Balance at end of period:

Allowance for credit losses - loans

33,543

30,761

31,597

33,020

33,784

Allowance for credit losses - loan commitments

433

355

319

319

312

Ending balance

$

33,976

$

31,116

$

31,916

$

33,339

$

34,096

Nonperforming Assets

Nonaccrual loans

$

17,672

$

13,941

$

16,514

$

18,084

$

19,974

Accruing loans past due 90 days or more

30

212

125

568

117

Total nonperforming loans

17,702

14,153

16,639

18,652

20,091

OREO

-

-

264

455

298

Total nonperforming assets

$

17,702

$

14,153

$

16,903

$

19,107

$

20,389

Additional Information

Total modified loans

$

2,736

$

2,442

$

2,291

$

2,129

$

2,124

Asset Quality Ratios

Nonperforming loans to total loans

0.72

%

0.61

%

0.71

%

0.79

%

0.84

%

Nonperforming assets to total assets

0.49

%

0.43

%

0.53

%

0.60

%

0.63

%

Allowance for credit losses to nonperforming loans

189.49

%

217.35

%

189.90

%

177.03

%

168.15

%

Allowance for credit losses to total loans

1.37

%

1.33

%

1.36

%

1.40

%

1.42

%

Annualized net charge-offs to average loans

0.12

%

0.14

%

0.24

%

0.08

%

0.24

%

7

GRAPHIC

GRAPHIC

Filename: ex_505116img001.jpg · Sequence: 7

Binary file (6665 bytes)

Download ex_505116img001.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 9

v3.26.1

Document And Entity Information

Apr. 28, 2026

Document Information [Line Items]

Entity, Registrant Name

FIRST COMMUNITY BANKSHARES, INC.

Document, Type

8-K

Document, Period End Date

Apr. 28, 2026

Entity, Incorporation, State or Country Code

VA

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

VA

Entity, Address, Postal Zip Code

24605-0989

City Area Code

276

Local Phone Number

326-9000

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock

Trading Symbol

FCBC

Security Exchange Name

NASDAQ

Entity, Emerging Growth Company

false

Amendment Flag

false

Entity, Central Index Key

0000859070

X

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:

dei_DocumentInformationLineItems

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

na

Period Type:

duration

X

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration