First Community Bankshares Inc（FCBC）のニュースとイベントFCBCFirst Community Bankshares Inc

First Community and Main Street Financial Sign Merger Agreement

First Community and Main Street Financial Services based in Wooster, Ohio, jointly announced the signing of an agreement and plan of merger. Under the agreement, Main Street will merge with and into First Community, with First Community continuing as the surviving corporation. Main Street's wholly owned banking subsidiary, Main Street Bank Corp., will merge with and into First Community's wholly owned banking subsidiary, First Community Bank. At September 30, Main Street reported approximately $1.6B in consolidated assets. Based on the companies' reported assets at that date, the combined organization is expected to report approximately $5.2B in assets before transaction-related adjustments. Under the terms of the agreement, each eligible outstanding share of Main Street common stock will be converted into the right to receive 0.6174 shares of First Community common stock, with cash paid in lieu of fractional shares. Based on First Community's 10-day volume-weighted average price of $48.82 as of October 26, the exchange ratio represents approximately $30.14 per Main Street share and an aggregate transaction value of approximately $243M. The agreement has been unanimously approved by the boards of directors of First Community and Main Street. Completion remains subject to approval by the shareholders of both companies, receipt of required regulatory approvals, and other customary closing conditions. The transaction is expected to be consummated early in the second quarter of 2027, following satisfaction or waiver of the applicable closing conditions. Upon consummation of the merger, one member of Main Street's board of directors will join the boards of First Community and First Community Bank, and Mark Witmer will join the First Community Bank executive management team as President of the Ohio Region.

Q3 Net Interest Income Reaches $47.83M

Reports Q3 net interest income after provision plus noninterest income of $47.83M, consensus $47.19M. Net interest margin increased 3 basis points year-over-year to 4.46%, with average earning assets up 13.89%. Allowance for credit losses to total loans stood at 1.32% as of September 30.

First Community Bankshares Declares Quarterly Cash Dividend of 33c

First Community Bankshares declared a quarterly cash dividend of 33c per common share, representing a 6.45% increase from the prior quarter's dividend of 31c. The dividend is payable on August 21 to shareholders of record as of August 7.