First Community Bankshares, Inc. (FCBC) 10-Year Financial Performance & Capital Metrics

FCBC • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutFirst Community Bankshares, Inc. operates as the financial holding company for First Community Bank that provides various banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services. The company also provides wealth management services, including trust management, estate administration, and investment advisory services; and investment management services. It serves individuals and businesses across various industries, such as education, government, and health services; coal mining and gas extraction; retail trade; construction; manufacturing; tourism; and transportation. As of December 31, 2021, the company operated 49 branches, including 17 branches in West Virginia, 23 branches in Virginia, 7 branches in North Carolina, and 2 branches in Tennessee. First Community Bankshares, Inc. was founded in 1874 and is headquartered in Bluefield, Virginia.Show more

Net Interest Income $126M -1.0%
Total Revenue $176M +6.1%
Net Income $52M +7.5%
Return on Equity 10.02% -3.4%
Net Interest Margin 3.88% -0.7%
Efficiency Ratio 49.42% -5.1%
ROA 1.58% +5.4%
Equity / Assets 16.14% +4.8%
Book Value per Share 28.56 +2.3%
Tangible BV/Share 20.05 +5.0%
Debt/Equity 0.00 -22.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong NIM of 3.9%
✓Efficient operations: 49.4% efficiency ratio
✓Well capitalized: 16.1% equity/assets
✓Healthy dividend yield of 3.5%
✓Trading at only 1.2x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y3.35%

5Y8.46%

3Y9.69%

TTM-

Profit (Net Income) CAGR

10Y7.31%

5Y5.87%

3Y0.28%

TTM-1.94%

EPS CAGR

10Y7.89%

5Y2.62%

3Y-1.61%

TTM-1.47%

ROCE

10Y Avg11.79%

5Y Avg13.02%

3Y Avg12.92%

Latest11.79%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	84.75M	84.88M	87.22M	90.84M	89.45M	108.57M	102.47M	112.66M	127.68M	126.47M
NII Growth %	-0.07%	0%	0.03%	0.04%	-0.02%	0.21%	-0.06%	0.1%	0.13%	-0.01%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	96.1M	94.72M	95.31M	98.29M	94.97M	114.04M	105.31M	114.32M	137.16M	146.14M
Interest Expense	11.35M	9.84M	8.09M	7.45M	5.51M	5.46M	2.84M	1.66M	9.48M	19.67M
Loan Loss Provision	2.19M	1.25M	2.77M	2.39M	3.57M	12.67M	-8.47M	6.57M	7.99M	3.6M
Non-Interest Income+	24.43M	18.21M	21.22M	22.58M	22.23M	24.17M	27.98M	27.92M	28.54M	29.75M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	120.53M	112.94M	116.53M	120.88M	117.2M	138.2M	133.29M	142.24M	165.71M	175.89M
Revenue Growth %	-0.05%	-0.06%	0.03%	0.04%	-0.03%	0.18%	-0.04%	0.07%	0.17%	0.06%
Non-Interest Expense	71.07M	63.89M	63.55M	65.91M	58.32M	73.96M	72.39M	73.85M	86.27M	86.92M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	35.92M	37.95M	42.11M	45.12M	49.8M	46.11M	66.53M	60.16M	61.97M	65.69M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.05%	0.06%	0.11%	0.07%	0.1%	-0.07%	0.44%	-0.1%	0.03%	0.06%
Pretax Income+	35.92M	37.95M	42.11M	45.12M	49.8M	46.11M	66.53M	60.16M	61.97M	65.69M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	11.38M	12.82M	20.63M	8.78M	10.99M	10.19M	15.36M	13.49M	13.95M	14.09M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	24.54M	25.13M	21.48M	36.34M	38.8M	35.93M	51.17M	46.66M	48.02M	51.6M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.04%	0.02%	-0.14%	0.69%	0.07%	-0.07%	0.42%	-0.09%	0.03%	0.07%
Net Income (Continuing)	24.54M	25.13M	21.48M	36.34M	38.8M	35.93M	51.17M	46.66M	48.02M	51.6M
EPS (Diluted)+	1.31	1.45	1.26	2.18	2.46	2.02	2.94	2.82	2.66	2.80
EPS Growth %	0%	0.11%	-0.13%	0.73%	0.13%	-0.18%	0.46%	-0.04%	-0.06%	0.05%
EPS (Basic)	1.32	1.45	1.26	2.19	2.47	2.02	2.95	2.82	2.67	2.81
Diluted Shares Outstanding	18.73M	17.37M	17.08M	16.67M	15.76M	17.82M	17.4M	16.56M	18.03M	18.43M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	38.29M	37.59M	38.06M	41.42M	69.01M	60.8M	50.4M	65.21M	79.11M	80.46M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	2.13B	2.05B	1.99B	1.93B	2.27B	2.24B	2.21B	2.67B	2.82B	2.55B
Investments Growth %	0.03%	-0.04%	-0.03%	-0.03%	0.17%	-0.01%	-0.01%	0.21%	0.06%	-0.09%
Long-Term Investments	1.76B	1.88B	1.82B	1.78B	2.1B	2.16B	2.14B	2.37B	2.54B	2.41B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	100.49M	95.78M	95.78M	92.74M	129.56M	129.56M	129.56M	129.56M	143.95M	143.95M
Intangible Assets	5.24M	7.21M	6.15M	5.03M	8.52M	7.07M	5.62M	4.18M	15.14M	13.01M
PP&E (Net)	52.76M	50.09M	48.13M	45.78M	62.82M	57.7M	52.28M	47.34M	50.68M	48.73M
Other Assets	134.47M	142.47M	205.98M	118.98M	256.38M	503.14M	734.74M	210.01M	151.72M	414.74M
Total Current Assets	410.47M	208.72M	208.47M	200.01M	245.26M	153.22M	134.59M	374.84M	370.95M	225.93M
Total Non-Current Assets	2.05B	2.18B	2.18B	2.04B	2.55B	2.86B	3.06B	2.76B	2.9B	3.04B
Total Assets+	2.46B	2.39B	2.39B	2.24B	2.8B	3.01B	3.19B	3.14B	3.27B	3.26B
Asset Growth %	-0.06%	-0.03%	0%	-0.06%	0.25%	0.08%	0.06%	-0.02%	0.04%	-0%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	0.02%	0.01%	0.01%	0.02%
Accounts Payable	26.63M	27.29M	27.77M	26.4M	38.52M	37.2M	35.82M	32.9M	0	0
Total Debt+	219.37M	178.71M	80.09M	29.37M	1.6M	964K	1.54M	1.87M	1.12M	906K
Net Debt	181.08M	141.12M	42.03M	-12.05M	-67.41M	-59.84M	-48.87M	-63.34M	-77.99M	-79.55M
Long-Term Debt	80.76M	80.71M	50M	0	0	0	0	0	0	0
Short-Term Debt	138.61M	98M	30.09M	29.37M	1.6M	964K	1.54M	1.87M	1.12M	906K
Other Liabilities	0	0	0	0	0	0	0	0	41.81M	42.67M
Total Current Liabilities	2.04B	1.97B	1.99B	1.91B	2.37B	2.58B	2.77B	2.71B	2.72B	2.69B
Total Non-Current Liabilities	80.76M	80.71M	50M	0	0	0	0	0	41.81M	42.67M
Total Liabilities	2.12B	2.05B	2.04B	1.91B	2.37B	2.58B	2.77B	2.71B	2.77B	2.73B
Total Equity+	343.02M	339.06M	350.71M	332.86M	428.82M	426.73M	427.77M	421.99M	503.29M	526.39M
Equity Growth %	-0.02%	-0.01%	0.03%	-0.05%	0.29%	-0%	0%	-0.01%	0.19%	0.05%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.07%	0.07%	0.06%	0.11%	0.1%	0.08%	0.12%	0.11%	0.1%	0.1%
Book Value per Share	18.32	19.52	20.54	19.97	27.22	23.95	24.58	25.48	27.92	28.56
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	21.38M	21.38M	21.38M	16.01M	18.38M	17.72M	16.88M	16.23M	18.5M	18.32M
Additional Paid-in Capital	227.69M	228.14M	228.75M	122.49M	192.41M	173.34M	147.62M	128.51M	175.84M	169.75M
Retained Earnings	155.65M	170.38M	180.3M	195.79M	219.53M	237.59M	264.82M	292.97M	319.9M	349.49M
Accumulated OCI	-5.25M	-2.01M	-840K	-1.43M	-1.51M	-1.92M	-1.55M	-15.72M	-10.95M	-11.17M
Treasury Stock	-56.46M	-78.83M	-79.12M	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	58.52M	43.09M	36.37M	49.5M	56.66M	45.84M	48.22M	59.02M	61.83M	57.74M
Operating CF Growth %	0.4%	-0.26%	-0.16%	0.36%	0.14%	-0.19%	0.05%	0.22%	0.05%	-0.07%
Net Income	24.54M	25.13M	21.48M	36.34M	38.8M	35.93M	51.17M	46.66M	48.02M	51.6M
Depreciation & Amortization	5.25M	4.7M	4.62M	3.95M	4.45M	5.91M	5.92M	5.6M	5.68M	6.48M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	9.21M	5.39M	3.17M	3.72M	4.51M	8.52M	-11.94M	1.72M	2.69M	-1.08M
Working Capital Changes	18.84M	6.96M	5.89M	3.97M	7M	-6.66M	1.3M	3.67M	4.23M	-299K
Cash from Investing+	-70.78M	110.21M	67.8M	49.4M	171.38M	17.8M	35.35M	-536.78M	288.66M	263.91M
Purchase of Investments	-96.54M	-1.17M	-49.41M	-67.36M	-8.26M	-10.27M	-22.39M	-269.34M	-74.1M	-109.98M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-88K	29.72M	0	10K	25.86M	0	0	-59.04M	176.68M	0
Other Investing	-14.04M	-146.47M	46.9M	41.59M	90.42M	-64.44M	33.16M	-232.99M	66.29M	155.36M
Cash from Financing+	-173.61M	-128.78M	-22.52M	-179.97M	-87.9M	175.91M	137.31M	-28.84M	-404.92M	-60.62M
Dividends Paid	-10.21M	-10.4M	-11.56M	-21.09M	-15.06M	-17.88M	-18.06M	-18.52M	-21.09M	-22.02M
Share Repurchases	-23.89M	-23.76M	-1.26M	-34.41M	-16.36M	-21.87M	-28.88M	-21.31M	-23.04M	-8.72M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-48K	-1000K	-1000K	0	-40K	572K	338K	-755K	-213K
Other Financing	-110.56M	-94.57M	21.01M	-74.47M	-56.47M	215.7M	183.68M	10.65M	-360.03M	-29.67M
Net Change in Cash+	-185.87M	24.52M	81.64M	-81.08M	140.14M	239.55M	220.88M	-506.59M	-54.43M	261.03M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	237.66M	51.79M	76.31M	157.95M	76.87M	217.01M	456.56M	677.44M	170.85M	116.42M
Cash at End	51.79M	76.31M	157.95M	76.87M	217.01M	456.56M	677.44M	170.85M	116.42M	377.45M
Interest Paid	11.76M	9.85M	8.27M	7.93M	5.66M	5.5M	3.14M	2.11M	9.08M	19.35M
Income Taxes Paid	6.9M	6.59M	15.85M	7.61M	8.06M	9.07M	14.4M	7.59M	11.78M	13.38M
Free Cash Flow+	57.28M	41.2M	34.02M	46.95M	48.24M	42.65M	45.18M	57.86M	59.06M	54.93M
FCF Growth %	0.41%	-0.28%	-0.17%	0.38%	0.03%	-0.12%	0.06%	0.28%	0.02%	-0.07%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.07%	7.37%	6.23%	10.63%	10.19%	8.4%	11.98%	10.98%	10.38%	10.02%
Return on Assets (ROA)	0.97%	1.04%	0.9%	1.57%	1.54%	1.24%	1.65%	1.47%	1.5%	1.58%
Net Interest Margin	3.44%	3.56%	3.65%	4.05%	3.2%	3.61%	3.21%	3.59%	3.91%	3.88%
Efficiency Ratio	58.96%	56.57%	54.54%	54.53%	49.76%	53.52%	54.31%	51.92%	52.06%	49.42%
Equity / Assets	13.93%	14.21%	14.68%	14.83%	15.32%	14.17%	13.39%	13.46%	15.4%	16.14%
Book Value / Share	18.32	19.52	20.54	19.97	27.22	23.95	24.58	25.48	27.92	28.56
NII Growth	-6.68%	0.15%	2.75%	4.16%	-1.53%	21.37%	-5.62%	9.94%	13.33%	-0.95%
Dividend Payout	40.73%	41.38%	53.82%	58.04%	38.81%	49.76%	35.29%	39.68%	43.92%	42.67%

Frequently Asked Questions

Valuation & Price

First Community Bankshares, Inc. (FCBC) has a price-to-earnings (P/E) ratio of 12.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

First Community Bankshares, Inc. (FCBC) grew revenue by 6.1% over the past year. This is steady growth.

Yes, First Community Bankshares, Inc. (FCBC) is profitable, generating $49.4M in net income for fiscal year 2024 (29.3% net margin).

Dividend & Returns

Yes, First Community Bankshares, Inc. (FCBC) pays a dividend with a yield of 3.48%. This makes it attractive for income-focused investors.

First Community Bankshares, Inc. (FCBC) has a return on equity (ROE) of 10.0%. This is reasonable for most industries.

Industry Metrics

First Community Bankshares, Inc. (FCBC) has a net interest margin (NIM) of 3.9%. This indicates healthy earnings from lending activities.

First Community Bankshares, Inc. (FCBC) has an efficiency ratio of 49.4%. This is excellent, indicating strong cost control.

US Stock Screener

...