First Community Bankshares Inc

First Community Bankshares posted first-quarter 2025 results that landed precisely in line with Wall Street expectations, with earnings per diluted share of $0.64 matching the consensus estimate and revenue of $40.53 million edging just 0.07% above the $40.50 million forecast, even as total revenue slipped 5.4% from a year earlier. Net income fell to $11.82 million from $12.85 million in Q1 2024, pressured chiefly by net interest margin compression to 4.34% from 4.47%, as average loan balances contracted $154.04 million and average available-for-sale securities declined $89.74 million year over year, cutting into interest income. A sharp drop in the provision for credit losses, to $321,000 from $1.01 million a year ago, softened the blow, as did a roughly 10.48% rise in noninterest income. The quarter was also shaped by a special cash dividend of $2.07 per share totaling approximately $37.93 million, which trimmed book value per share to $27.09 and drove a $29.98 million reduction in stockholders' equity. Consolidated assets stood at $3.23 billion at quarter end.