First Community Bankshares

First Community Bankshares (FCBC) Q2 2026 Earnings

Reported Jul 21, 2026 at 4:14 PM ET · SEC Source

Q2 26 EPS

$0.76

BEAT +3.40%

Est. $0.74

Q2 26 Revenue

N/A

Est. $51.2M

vs S&P Since Q2 26

+9.7%

BEATING MARKET

FCBC +8.6% vs S&P -1.1%

Market Reaction

Did FCBC Beat Earnings? Q2 2026 Results

First Community Bankshares delivered a solid beat in the second quarter of 2026, posting adjusted EPS of $0.76 against the $0.73 consensus estimate for a 3.40% positive surprise, extending the Virginia-based bank's streak of consecutive beats to five… Read more First Community Bankshares delivered a solid beat in the second quarter of 2026, posting adjusted EPS of $0.76 against the $0.73 consensus estimate for a 3.40% positive surprise, extending the Virginia-based bank's streak of consecutive beats to five quarters. The headline story, however, was a $10.38 million pre-tax gain on the sale of the company's stake in Bearing Insurance, which vaulted noninterest income to $22.34 million, roughly double the prior-year figure, and pushed GAAP net income to $22.51 million. Stripping out that one-time item alongside merger-related costs, adjusted net income of $14.38 million still reflected a 17.47% year-over-year improvement, underpinned by a resilient net interest margin of 4.38% and a 13.52% expansion in average earning assets to $3.21 billion, aided by the Hometown acquisition completed last quarter. Revenue consensus had been set at $51.20 million heading into the report. The company also raised its quarterly dividend 6.45% to $0.33 per share, continuing four decades of uninterrupted payouts.

Key Takeaways

  • Gain of $10.38 million from sale of Bearing Insurance stake boosted noninterest income
  • Net interest margin remained strong at 4.38% FTE, up one basis point from Q2 2025
  • Average earning assets increased $382.18 million or 13.52% year-over-year driven by Hometown acquisition
  • Lower funding cost yields with interest-bearing deposit yield declining 16 basis points
  • Loan production increased 70.43% to $134.45 million compared to Q2 2025
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FCBC YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

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FCBC Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q2 26