other material
confidence high
sentiment positive
materiality 0.65
First Community Bankshares expects ~$10M pre-tax gain on sale of Bearing Insurance units
FIRST COMMUNITY BANKSHARES INC /VA/
- Bearing Insurance Group, LLC sold to BroadStreet Partners Group, LLC on May 1, 2026.
- First Community Bankshares owned 11 units of Bearing Insurance Group.
- Company expects a pre-tax gain of approximately $10 million from the transaction.