First Community Bancshares, Inc. announced that the Board of Directors declared a quarterly cash dividend to common shareholders of fourteen cents ($0.14) per common share. The quarterly dividend is payable to common shareholders of record on February 5, 2016, and is expected to be paid on or about February 19, 2016.

The company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported total interest income of $23,677,000 compared to $28,181,000 a year ago. Net interest income was $21,175,000 compared to $24,710,000 a year ago. Income before income taxes was $9,141,000 compared to $8,646,000 a year ago. Net income available to common shareholders was $6,148,000 or $0.34 per diluted share compared to $5,488,000 or $0.29 per diluted share a year ago. Return on average assets was 0.99% compared to 0.80% a year ago. Return on average common equity was 7.05% compared to 6.48% a year ago. Core earnings, non-GAAP was $6,172,000 compared to $8,791,000 a year ago. Core diluted earnings per common share was $0.34 compared to $0.45 a year ago. Core return on average assets was 0.99% compared to 1.28% a year ago. Core return on average common equity was 7.08% compared to 10.39% a year ago. Core return on average tangible common equity was 10.21% compared to 15.50% a year ago.

For the full year, the company reported total interest income of $96,102,000 compared to $106,108,000 a year ago. Net interest income was $84,753,000 compared to $90,818,000 a year ago. Income before income taxes was $35,921,000 compared to $37,814,000 a year ago. Net income available to common shareholders was $24,435,000 or $1.31 per diluted share compared to $24,580,000 or $1.31 per diluted share a year ago. Return on average assets was 0.97% compared to 0.94% a year ago. Return on average common equity was 7.08% compared to 7.51% a year ago. Core earnings, non-GAAP was $24,520,000 compared to $30,578,000 a year ago. Core diluted earnings per common share was $1.31 compared to $1.57 a year ago. Core return on average assets was 0.97% compared to 1.17% a year ago. Core return on average common equity was 7.09% compared to 9.34% a year ago. Core return on average tangible common equity was 10.25% compared to 13.99% a year ago.

The company realized net charge-offs of $328,000 in the fourth quarter of 2015, an increase of $537,000 compared to net recoveries of $209,000 in the same quarter of 2014.