First Community Bankshares Raises Quarterly Dividend 6.45%

First Community Bankshares, Inc. (NASDAQ: FCBC) raised its quarterly dividend to $0.33 per share from $0.31, an increase of 6.45%. The shares traded ex-dividend on Aug. 7, 2026.

The increase extends the financial-services company’s dividend-growth streak to 14 consecutive years. FCBC previously reduced its dividend in 2009, making the current run notable for its duration across changing interest-rate and credit cycles.

The higher payout accompanied what the Bluefield, Virginia-based company described as record second-quarter results. First Community said earnings benefited primarily from a larger average balance of interest-earning assets and lower funding-cost yields, two factors that can support profitability at a regional bank. First Community Bankshares second-quarter release

First Community operates through First Community Bank, a Virginia-chartered institution offering retail and commercial banking services. Its activities include deposit gathering, lending and wealth management across Virginia, West Virginia, North Carolina and Tennessee. The company funds its lending and investment operations primarily through retail deposits collected by its branch network, supplemented by other wholesale funding sources. First Community Bankshares 2025 annual report

The bank’s footprint expanded with its acquisition of Hometown Bancshares, the parent of Union Bank. The transaction added branches and broadened First Community’s regional deposit and lending base, providing additional context for the reported increase in interest-earning assets. First Community Bankshares 2025 annual report

What it means for income investors

At the locked share price of $49.34, FCBC’s forward annual yield is 2.54%. The locked data lists annual dividends of $1.26 per share and assigns the payout a safety score of 89 out of 100, equivalent to an A grade.

For existing shareholders, the increase lifts quarterly cash income by $0.02 per share. The 14-year growth streak and A safety grade provide historical and risk context, though neither guarantees future dividend increases. Future distributions remain subject to board approval and the bank’s earnings, capital requirements and financial condition.