First Community Bancshares, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, net interest income was $21,733,000, income before income taxes of $11,933,000, net income of $1,213,000 or $0.07 per basic and diluted share against net interest income of $20,957,000, income before income taxes of $10,042,000, net income of $6,404,000 or $0.38 per basic and diluted share a year ago. Return on average assets was 0.20% against 1.05% a year ago. Return on average common equity was 1.35% against 7.49% a year ago. Return on average tangible common equity was 1.89% against 10.75% a year ago. Core earnings were $7,679,000 or $0.45 per diluted share against core earnings of $6,112,000 or $0.36 per diluted share a year ago. Core return on average assets was 1.28% against 1.01% a year ago. Core return on average common equity was 8.56% against 7.15% a year ago. Core return on average tangible common equity was 11.99% against 10.26% a year ago. Book value per common share was $20.63 compared to $19.95 as at December 31, 2016. Tangible book value per common share was $14.15 compared to $13.89 as at December 31, 2016. Total interest income was $23,762,000 compared to $23,416,000 a year ago. Adjusted return on assets and equity were 1.18% and 8.02%, respectively, both significant increases over the prior year.

For the full year, the company reported net interest income of $87,218,000, income before income taxes of $42,113,000, net income of $21,485,000 or $1.26 per diluted share against net interest income of $84,880,000, income before income taxes of $37,945,000, net income of $25,126,000 or $1.45 per diluted share a year ago. Return on average assets was 0.91% against 1.02% a year ago. Return on average common equity was 6.14% against 7.42% a year ago. Core earnings were $28,099,000 or $1.64 per diluted share against core earnings of $25,119,000 or $1.45 per diluted share a year ago. Core return on average assets was 1.19% against 1.02% a year ago. Core return on average common equity was 8.04% against 7.42% a year ago. Core return on average tangible common equity was 11.36% against 10.75% a year ago. Return on average tangible common equity was 8.69% against 10.76% a year ago. Total interest income was $95,308,000 compared to $94,724,000 a year ago.

The company realized net charge-offs of $545,000 in the fourth quarter of 2017 against $2,185,000 a year ago.