Derek A. Bonnett, the Chief Risk Officer at First Community Bankshares (NASDAQ:FCBC), acquired 501 shares of company common stock on January 30, 2026, at a purchase price of $34.93 per share, for a total consideration of $17,499, according to a Form 4 filed with the Securities and Exchange Commission.
The filing states that Bonnett directly holds 1,917 shares of First Community Bankshares common stock and indirectly holds 1,331 shares through the Employee Stock Ownership & Savings Plan. In addition to those holdings, Bonnett is the beneficiary of several restricted stock units that represent contingent rights to receive shares - specifically 2,151 shares, 1,667 shares and 1,888 shares of common stock.
Bonnett also has securities-based compensation in the form of options. The Form 4 indicates he holds options to purchase 977 shares at an exercise price of $33. Those options became exercisable in installments beginning March 31, 2022.
Separately, First Community Bankshares disclosed its recent financial results and corporate activity. For the fourth quarter ending December 31, 2025, the company reported net income of $12.46 million, or $0.68 per diluted common share. For the full year, First Community Bankshares recorded net income of $48.79 million, a decline of 5.45% compared with the prior year.
The company also completed the previously announced acquisition of Hometown Bancshares. The deal, initially disclosed in July 2025, added eight branch locations in West Virginia to First Community Bankshares’ footprint. The acquisition was finalized after receiving regulatory approval from the Commonwealth of Virginia State Corporation Commission Bureau of Financial Institutions and following shareholder approval that allowed Hometown Bancshares to be integrated into First Community Bankshares.
In addition to the acquisition, First Community Bankshares declared a special cash dividend of $1.00 per common share, representing approximately $18.32 million in total, to be paid on January 16, 2026.
The Form 4 filing documenting Bonnett’s January 30, 2026 purchase provides a snapshot of insider activity alongside recent corporate developments, including quarterly results, an acquisition that expanded branch presence in West Virginia and a special dividend distribution to shareholders.