First Community Bankshares Q1 adjusted EPS up 14% on higher net interest income

First Community Bankshares

28/04/2026 21:28

Overview

US regional bank's Q1 adjusted EPS rose yr/yr, driven by higher net interest income

Company completed Hometown Bancshares acquisition, boosting assets, loans, and deposits

Company repurchased 504,652 shares for $20.33 mln after resuming buybacks post-acquisition

Outlook

Company did not provide specific guidance or forecasts for the current or future periods in its press release

Result Drivers

ACQUISITION IMPACT - Hometown Bancshares acquisition contributed to increases in assets, loans, and deposits

NET INTEREST INCOME - Growth in average earning assets and lower funding costs drove a 10% increase in net interest income

NONINTEREST INCOME - Higher service charges and fees led to a 12% increase in noninterest income

Company press release: ID:nGNXbjdp2M

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$0.73
$0.72 (1 Analyst)
Q1 EPS
$0.63
Q1 Adjusted Net Income
Beat
$13.83 mln
$7.50 mln (1 Analyst)
Q1 Net Income
$12.03 mln
Q1 Net Interest Income
$33.29 mln
Q1 Pretax Profit
$15.64 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for First Community Bankshares Inc is $40.00, about 7.8% below its April 27 closing price of $43.37

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 11 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)