First Community Bankshares Announces $10 Million Pre-Tax Gain from Bearing Insurance Group Sale

First Community Bankshares, Inc. filed an 8-K report on May 1, 2026, announcing that Bearing Insurance Group, LLC completed its sale to BroadStreet Partners Group, LLC. The company, which owned 11 units of Bearing, expects to realize a pre-tax gain of approximately $10 million from this transaction. This represents a significant financial event for the Virginia-based bank holding company, as the sale of its stake in the insurance group will contribute substantially to its earnings. The filing was signed by David D. Brown, the Chief Financial Officer of First Community Bankshares. This transaction represents a strategic divestiture that will positively impact the company's financial results for the period.