FCBC — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-08

• On January 23, 2026, the Company completed its previously announced merger (the “Merger”) with Hometown Bancshares, Inc. a West Virginia corporation headquartered in Middlebourne, West Virginia (“Hometown”), pursuant to an Agreement and Plan of Merger (the “Agreement”) dated July 19, 2025, by and be…

• Immediately following the Merger, Union Bank, Inc., a wholly-owned subsidiary of Hometown, merged with and into First Community Bank, a wholly-owned subsidiary of the Company (the “Bank Merger”), with First Community Bank as the surviving bank in the Bank Merger.

• Pursuant to the Agreement, each outstanding share of common stock of Hometown was converted into the right to receive 11.706 shares (the “Exchange Ratio”) of the Company's common stock, par value $1.00 per share, plus cash, without interest, in lieu of fractional shares. In connection with the trans…

• Under the terms of the Agreement, all Hometown stock appreciation rights under a stock appreciation award (except certain stock appreciation rights that were unvested as of January 1, 2025) and all Hometown dividend equivalent rights granted under the Hometown Dividend Equivalent Incentive Plan that…

• Acquisition details are described in Note 2, "Acquisitions and Divestitures" of Part I, of this Quarterly Report on Form 10Q.

Text removed vs the prior filing · source: 10-Q · 2025-11-07

• On July 19, 2025, the Company entered into an Agreement and Plan of Merger (the " Merger Agreement") with Hometown Bancshares, Inc., a West Virginia corporation ("Hometown"), under which the Company will acquire Hometown (the "Merger"). Hometown will cease to exist, and the Company will survive and …

• Under the terms of the Merger Agreement, each share of Hometown common stock outstanding immediately prior to the effective time will be converted into the right to receive 11.706 shares of the Company's common stock, subject to customary adjustments. The completion of the Merger is subject to appro…

• During the quarter ended September 30, 2025, the Company and Hometown continued to work toward satisfying the closing conditions, including activities in furtherance of receiving the required regulatory approvals. As of the date of this filing, the Merger had not yet been consummated, and the Compan…

• The Company has incurred approximately $787 thousand of transaction-related costs during the nine months ended September 30, 2025, which are included in non-interest expense of the accompanying condensed consolidated statements of income. Additional merger-related expenses are expected to be incurre…

• Net income of $12.27 million for the third quarter of 2025, was a decrease of $768 thousand, or 5.89%, from the same quarter of 2024. Net income of $36.33 million for the first nine months of 2025, was a decrease of $2.24 million, or 5.80%, from the same period of 2024.