First Community Bancshares ( (FCBC) ) has released its Q2 earnings. Here is a breakdown of the information First Community Bancshares presented to its investors.
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First Community Bankshares, Inc., headquartered in Bluefield, Virginia, is a financial holding company that offers a range of banking products and services through its subsidiary, First Community Bank, across 53 locations in Virginia, West Virginia, North Carolina, and Tennessee. The company also provides wealth management services through its Trust Division and First Community Wealth Management.
In its second-quarter 2025 earnings report, First Community Bankshares announced a net income of $12.25 million, or $0.67 per diluted share, marking a slight decrease from the previous year. The company declared a quarterly cash dividend of $0.31 per share, continuing its 40-year streak of regular dividends.
Key financial highlights include a robust net interest margin of 4.37%, despite a decrease in interest income on loans. Noninterest income saw a notable increase of 10.68%, driven by higher service charges on deposits. However, net income for the quarter decreased by 3.47% compared to the same period last year, reflecting challenges in maintaining previous profit levels.
The company reported consolidated assets of $3.18 billion, with a reduction in loans and securities available for sale. Despite these decreases, cash and cash equivalents increased by 4.66%. The company also repurchased 50,338 common shares during the quarter.
Looking ahead, First Community Bankshares remains focused on maintaining its financial stability and delivering value to shareholders, as evidenced by its consistent dividend payouts and strategic financial management.