First Community Bankshares, Inc. · NASDAQ:FCBC

First Community Bankshares — Merger or Acquisition (July 2025)

17 slides from First Community Bankshares's merger presentation, Jul 21, 2025

  1. Slide 1: First Community Bankshares Announces Acquisition of Hometown Bancshares, Inc.

    First Community Bankshares, Inc. (NASDAQ: FCBC) Announces Acquisition of Hometown Bancshares, Inc. July 21, 2025

  2. Slide 2: Compliance Disclosures

    conic, . mmunt Compliance Disclosures Community, Important Information for Sharehold This presentation shall not constitute an offer to sell, the solicitation of an offer to sel, or the solicitation of an offer to buy any securities or the solicitation of any vote or approval, nor shall there be any

  3. Slide 3: Legal Disclaimer: Forward-Looking Statements

    conic, . mmunt Legal Disclaimer Community Forward-Looking Statements Certain ofthe statements made in this presentation may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21€ of the Securities Exchange Act of 1934, as am

  4. Slide 4: Overview of Hometown Bancshares, Inc. Acquisition

    Rerirst. A ae Communi Overview of Hometown Bancshares, Inc. Acquisition Bankshares? Inc Acquisition Affirms Position as a Leading Financial Institution in the Central Appalachian Corridor Pro Forma Company Snapshot Value-Driven Acquisition”) Consolidating Dominance in West Virginia reece fs| @ Homet

  5. Slide 5: Transaction Rationale

    conic, Community jonale Bankshares, Inc. Transaction Rai 88 Complements existing footprint and provides continuity across Northern West Virginia Sicaledicaly, 4% Aiigns wih FCBC's strategic focus on low-cost core deposit growth Compelling ‘® Expands FCBC’s accessbillity to the Parkersburg, Marietta,

  6. Slide 6: Transaction Terms

    conic, 7 Community Transaction Terms Bankshares, Inc. Transaction J Fo8e acquires 100% of Hometown Bancshares, In. (Hometown) oustanding common stock 4 100% stock consideration Merger Consideration 8 Fixed exchange ratio of 11.706 shares of FCBC common stock for each share of Hometown common stock T

  7. Slide 7: Key Transaction Assumptions

    conic, : 7 Community Key Transaction Assumptions Bankshares, Inc. Expected Cost 8 30% of Hometown's non-interest expense Savings — 75% realized in 2026 and 100% thereafter Merger ots | Asproxnaiy $5.1 monn cambind pretax merger expenses & ~$2.9 million gross loan credit mark or ~1.7% of Hometown’s t

  8. Slide 8: Pro Forma Impact

    Pro Forma Impact Eamings Impact TEV Impact Pro Forma Capital (2026) Estimated Financial Impact 7.2% 2026 EPS ‘Aceretion / (Dilution)?! 7.9% 202 EPS ‘Accretion | (Dilution)?! (1.7)% tev Accretion /(Diution) 1.3 Yrs. TBV Earnback Period (Crossover Method) 11.9% TCE/ TA Ratiol® 11.0% Leverage Ratio® Ri

  9. Slide 9: Overview of Hometown Bancshares, Inc.

    conic, a ommunit Overview of Hometown Bancshares, Inc. Community * Hometown Bancshares, Inc. is headquartered in Middlebourne, « @ Hometown Bancshares, Inc. (8) West Virginia andis the holding company for Union Bank, Inc. + Formerly known as Union Bank of Tyler County, Union Bank, Inc. is an indepen

  10. Slide 10: Pro Forma Loan & Deposit Composition

    Pro Forma Loan & Deposit Composition i Deposit Composition Rinse, Community Bankshares, Inc. MRQ Loan Yield: 599% MRA Loan Yield: 5:18% [MRQ Cost of Deposits: 0.74% Pic \ cc MRQ Cost of Deposits: 1.14% od aad i [MRO Cost of Deposits: 0.80% Loan / Deposit Ratio: 88.2% Loan / Deposit Ratio: 48.0% Loan

  11. Slide 11: Comprehensive Due Diligence Process

    Rrirst, . -_ Community Comprehensive Due Diligence Process Bankshares, Inc. 8 Experienced acquiror and integrator Proven Capacity for Disciplined M&A Execution”) — Conversion professionals collectively bring over 100 7 Years of experience, wih an average tenute of 20 years BYR = Dhrighlonds with FCB

  12. Slide 12: Future Direction & Vision

    conic, Community Future Direction & Vision Bankshares, Inc. Continue the Passionate Pursuit of Excellence in Community Banki tts Customers ‘Shareholders Gain deeper insights into customer needs and preferences by further investment in core deposit growth and data driven decision-making Design and im

  13. Slide 13: Conclusion

    conic, . mmunt Conclusion Community, l Logical market expansion in Northern West Virginia ] Low execution risk reinforced by conservative assumptions ] Further strengthens FCBC’s community banking franchise | Prudent and value-driven utilization of capital Driving Long-Term, Sustainable Value Creati

  14. Slide 14: Appendix

  15. Slide 15: FCBC Non-GAAP Reconciliation: TCE / TA

    Rrirst, ise Communi FCBC Non-GAAP Reconciliation: TCE / TA Bankghares> Inc. (Sin thousands) Including Rate Excluding Rate Marks/CDICECL" Marks/CDIICECL” FCBC FCBC 12/31/2026 12/31/2026 Total common shareholders’ equity $585,518 $587,260 Less: goodwill and other intangible assets 477,874 174,535 Tang

  16. Slide 16: Hometown Non-GAAP Reconciliation: TCE / TA

    Rrirst, acs Community Hometown Non-GAAP Reconciliation: TCE / TA Bankshares, Inc. ($ in thousands) Hometown 6/30/2025 Total common shareholders’ equity $29,399 Less: goodwill and other intangible assets 7,067 Plus: DTA on investments 3,464 Plus: ESOP loan guarantee 511 Tanaible common eauity (TCE) $

  17. Slide 17: PO Box

    PO Box 989 Bluefield, VA 24605 (276) 326-9000

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