First Community Bancshares, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, net interest income was $20,957,000, income before income taxes of $10,042,000, net income available to common shareholders of $6,404,000 or $0.38 per basic and diluted share against net interest income of $21,175,000, income before income taxes of $9,141,000, net income available to common shareholders of $6,148,000 or $0.34 per basic and diluted share a year ago. Return on average assets was 1.05% against 0.99% a year ago. Return on average common equity was 7.49% against 7.05% a year ago. Return on average tangible common equity was 10.75% against 10.17% a year ago. Core earnings were $6,112,000 or $0.36 per diluted share against core earnings of $6,172,000 or $0.34 per diluted share a year ago. Core return on average assets was 1.01% against 0.99% a year ago. Core return on average common equity was 7.15% against 7.08% a year ago. Core return on average tangible common equity was 10.26% against 10.21% a year ago. Book value per common share was $19.95 compared to $18.95 as at December 31, 2015. Tangible book value per common share was $13.89 compared to $13.11 as at December 31, 2015.

For the full year, the company reported net interest income of $84,880,000, income before income taxes of $37,945,000, net income available to common shareholders of $25,126,000 or $1.45 per diluted share against net interest income of $84,753,000, income before income taxes of $35,921,000, net income available to common shareholders of $24,435,000 or $1.31 per diluted share a year ago. Return on average assets was 1.02% against 0.97% a year ago. Return on average common equity was 7.42% against 7.08% a year ago. Core earnings were $19,007,000 or $1.09 per diluted share against core earnings of $18,348,000 or $0.97 per diluted share a year ago. Core return on average assets was 1.03% against 0.97% a year ago. Core return on average common equity was 7.51% against 7.09% a year ago. Core return on average tangible common equity was 10.92% against 10.26% a year ago. Return on average tangible common equity was 10.76% against 10.25% a year ago.

The company realized net charge-offs of $2,185,000 in the fourth quarter of 2016 against $328,000 a year ago.