First Community Bankshares Inc（FCBC）資訊與事件FCBCFirst Community Bankshares Inc

First Community announces acquisition of Hometown Bancshares

First Community Bankshares and Hometown Bancshares jointly announced today their entry into an Agreement and Plan of Merger. Pursuant to this Agreement, First Community will acquire Hometown, and First Community's banking subsidiary, First Community Bank, will acquire Hometown's banking subsidiary, Union Bank, Inc. As of June 30, 2025, Union Bank had total assets of approximately $402 million. Upon completion of the transaction, First Community is expected to have total consolidated assets of approximately $3.6 billion with 60 branch locations in four states. The Agreement provides for the merger of Hometown with and into First Community, with First Community as the surviving corporation. Under the terms of the Agreement, each outstanding share of Hometown common stock will be converted into the right to receive 11.706 shares of First Community common stock, which equates to $472.10 per share of Hometown common stock and an aggregate transaction value of approximately $41.5 million based on a closing price for First Community common stock of $40.33 as of July 18, 2025. The transaction, which received unanimous approval from both First Community's and Hometown's Boards of Directors, is subject to customary closing conditions, including the approval of Hometown's shareholders and the receipt of all required regulatory approvals. The transaction is expected to be consummated in the first quarter of 2026.

First Community reports Q3 EPS 68c, one estimate 70c

Reports Q3 net income of $13.03 M for the third quarter of 2024, was a decrease of $1.61 M, or 10.98%, from the same quarter of 2023. Net income of $38.56M for the first nine months of 2024, was an increase of $2.33M or 6.42%, from the same period of 2023. Net interest income decreased $1.75 million compared to the same quarter in 2023, primarily due to increases in rates paid on interest-bearing deposits. Net interest margin of 4.41% was a decrease of 10 basis points over the same quarter of 2023. The yield on earning assets increased 26 basis points from the same period of 2023 and is attributable to an increase in interest income resulting from an increase in yield. While there was an increase in yield for both loans and securities available for sale; the average balances decreased. The average balance for interest-bearing deposits with banks increased $219.59 million over the same period of 2023; however, there was no change in the yield from the same period of 2023. The yield on interest-bearing liabilities increased 58 basis points when compared with the same period of 2023 and is primarily attributable to increased rates on interest-bearing deposit liabilities.