09:32 AM EDT, 07/21/2025 (MT Newswires) -- First Community Bankshares ( FCBC ) has agreed to acquire Hometown Bancshares for about $41.5 million in stock, the companies said Monday.

Under the terms, Hometown shareholders will receive 11.706 shares of First Community for each share they own, which amounts to $472.10 per share based on Friday's closing stock price.

The transaction, expected to be completed in Q1 2026, has been approved by the boards of both companies, the parties said.

First Community said it expects the acquisition to be "minimally" dilutive to tangible book value per adjusted share and to provide high-single digit accretion to earnings per share.

First Community shares were about 1% lower in early trading on Monday.