First Community Bankshares, Inc.
Description
First 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 plans; and commercial, consumer real estate, and consumer and other loans. The company also provides 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. The company operates through branches in West Virginia, Virginia, North Carolina, and Tennessee. Community Bankshares, Inc. was founded in 1874 and is headquartered in Bluefield, Virginia.
About
CEO
Mr. William P. Stafford II
Employees
578
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNGS
Address
One Community Place, Bluefield, VA 24605-0989, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 29, 2025 | 0.66 | 0.71 | 0.05 | 7.58% |
| Oct 23, 2024 | 0.70 | 0.71 | 0.01 | 1.43% |
| Jul 24, 2024 | 0.59 | 0.71 | 0.12 | 20.34% |
| Apr 24, 2024 | 0.60 | 0.71 | 0.11 | 18.33% |
| Jan 24, 2024 | 0.67 | 0.66 | -0.01 | -1.49% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 1 | 1 | 1 | 1 |
| Average estimate | 0.64 | 0.65 | 2.58 | 2.71 |
| Low estimate | 0.64 | 0.65 | 2.58 | 2.71 |
| High estimate | 0.64 | 0.65 | 2.58 | 2.71 |
| Last year EPS | 0.71 | 0.79 | 2.84 | 2.58 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
-9.860%
Next qtr. (Jun 2025)
-17.720%
Current year (Dec 2025)
-9.150%
Next year (Dec 2026)
5.040%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 156.23M | 140.58M | 130.45M | 132.74M | 111.69M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 54.70M | 50.72M | 47.15M | 46.38M | 41.83M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 61.97M | 60.16M | 66.53M | 46.11M | 49.80M |
| Tax provision | 13.95M | 13.50M | 15.36M | 10.19M | 10.99M |
| Net income | 48.02M | 46.66M | 51.17M | 35.93M | 38.80M |
| Basic EPS | 2.67 | 2.82 | 2.95 | 2.02 | 2.47 |
| Diluted EPS | 2.67 | 2.82 | 2.94 | 2.02 | 2.46 |
| Basic average shares | 18.00M | 16.52M | 17.34M | 17.78M | 15.69M |
| Diluted average shares | 18.00M | 16.52M | 17.34M | 17.78M | 15.69M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 48.02M | 46.66M | 51.17M | 35.93M | 38.80M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 77.56M | 63.04M | 47.07M | 58.40M | 66.82M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 79.11M | 65.21M | 50.40M | 60.81M | 69.01M |
| Other short term investments | 280.96M | 300.35M | 76.29M | 83.36M | 169.57M |
| Accounts receivable | 10.88M | 9.28M | 7.90M | 9.05M | 6.68M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 42.81M | 40.55M | 40.50M | 40.07M | 38.17M |
| Land and improvements | 19.50M | 19.46M | 20.40M | 21.69M | 22.90M |
| Machinery furniture equipment | — | 40.55M | 40.50M | 40.07M | 38.17M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -63.18M | -59.68M | -56.74M | -54.70M | -50.60M |
| Goodwill | 303.04M | 263.31M | 264.75M | 266.20M | 267.65M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 15.15M | 4.18M | 5.62M | 7.07M | 8.52M |
| Investments and advances | 280.96M | 300.35M | 76.29M | 83.36M | 169.57M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | 32.90M | 35.82M | 37.20M | 38.52M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | — | — | — | — | — |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 18.50M | 16.23M | 16.88M | 17.72M | 18.38M |
| Retained earnings | 319.90M | 292.97M | 264.82M | 237.59M | 219.54M |
| Other shareholders equity | -10.95M | -15.72M | -1.55M | -1.92M | -1.51M |
| Total shareholders equity | 503.29M | 421.99M | 427.78M | 426.73M | 428.82M |
| Additional paid in capital | 175.84M | 128.51M | 147.62M | 173.35M | 192.41M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||
| Net Income | 48.02M | 46.66M | 51.17M | 35.93M | 38.80M | 36.34M | 21.49M | 25.13M | 24.54M | 25.49M | 23.31M | 28.58M | 20.03M | 21.85M | -38.70M | 3.08M | 29.63M | 28.95M | 26.45M | 26.02M | 25.24M | 24.72M | 19.13M | 17.06M | 16.85M | 13.10M | 15.09M | 13.92M |
| Depreciation | 5.69M | 5.60M | 5.92M | 5.91M | 4.45M | 3.95M | 4.62M | 4.70M | 5.25M | 5.19M | 5.40M | 4.84M | 5.00M | 5.12M | 5.06M | 4.57M | 4.28M | 4.48M | 4.82M | 5.54M | 5.06M | 3.13M | 4.09M | 3.79M | 3.92M | 3.43M | 1.84M | 1.48M |
| Deferred Taxes | — | — | — | — | — | — | — | — | — | — | — | -896,000 | 2.36M | 13.01M | -18.87M | -12.65M | 216,000 | 465,000 | 1.86M | -301,000 | 578,000 | — | — | — | — | — | — | — |
| Stock-Based Compensation | 1.20M | 1.38M | 1.77M | 2.15M | 1.89M | 1.51M | 1.21M | 915,000 | 673,000 | 368,000 | 721,000 | 132,000 | 98,000 | 58,000 | 153,000 | 260,000 | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -2.66M | -2.17M | -4.43M | -5.98M | 399,000 | -2.90M | -1.11M | 2.20M | 6.27M | 2.33M | 15.38M | 1.62M | 2.43M | 9.65M | -9.38M | 2.86M | 661,000 | 2.93M | 3.48M | 1.90M | 58.26M | 16.31M | -41.09M | -2.33M | 2.97M | 6.92M | 2.67M | -1.93M |
| Accounts Receivable | — | — | — | — | — | — | — | 454,000 | 308,000 | 1.21M | 321,000 | 2.36M | 1.48M | 935,000 | 2.07M | 3.07M | — | — | — | — | — | — | — | — | — | 658,000 | -358,000 | 285,000 |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 4.23M | 3.67M | 1.30M | -6.66M | 7.00M | 3.97M | 5.89M | 6.96M | 18.84M | 5.41M | -8.26M | 12.53M | 14.57M | -581,000 | -20.34M | -2.65M | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating Cash Flow | 56.48M | 55.14M | 55.73M | 31.34M | 52.54M | 42.88M | 32.09M | 40.35M | 55.88M | 40.00M | 36.87M | 49.16M | 45.97M | 50.04M | -80.00M | -1.46M | 34.79M | 36.82M | 36.62M | 33.16M | 89.14M | 44.16M | -17.86M | 18.52M | 23.74M | 24.11M | 19.24M | 13.76M |
| Investing Activities | ||||||||||||||||||||||||||||
| Capital Expenditures | -943,000 | 382,000 | -422,000 | -334,000 | -6.46M | -1.60M | -2.30M | -793,000 | -1.24M | -1.10M | -2.29M | -6.86M | -2.47M | -3.58M | -4.05M | -6.02M | -14.63M | -5.31M | -3.22M | -7.34M | -6.81M | -5.55M | -3.46M | -5.12M | -2.22M | -439,000 | -2.00M | -280,000 |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | 176.68M | -59.04M | — | — | 25.86M | 10,000 | — | 29.72M | -88,000 | 178.60M | -697,000 | 152.28M | 835,000 | -882,000 | 21.75M | -4.66M | -5.36M | -22.05M | -32.63M | -26.34M | — | 1.98M | 77.02M | 3.07M | -1.42M | — | — | — |
| Purchase of Investments | -74.10M | -269.34M | -22.39M | -10.27M | -8.26M | -67.36M | -49.41M | -1.17M | -96.54M | -63.72M | -201.14M | -245.34M | -234.82M | -248.10M | -218.96M | -171.45M | -211.32M | -139.62M | -111.22M | -118.42M | -307.96M | -41.53M | -232.06M | -4.59M | -69.61M | -132.68M | -88.55M | -112.60M |
| Sale of Investments | 122.57M | 25.75M | 27.63M | 95.70M | 71.76M | 77.70M | 72.66M | 230.02M | 41.12M | 211.55M | 193.24M | 264.12M | 243.34M | 264.00M | 245.84M | 219.45M | 48.55M | 41.92M | 87.37M | 200.81M | 164.13M | 112.44M | 122.97M | 23.03M | 44.36M | 179.66M | 51.29M | 58.36M |
| Investing Cash Flow | 224.12M | -300.16M | 7.88M | 87.06M | 86.14M | 9.89M | 30.34M | 269.45M | -46.07M | 345.07M | 10.50M | 177.38M | 14.51M | 17.92M | 44.92M | 41.34M | -126.14M | -109.45M | -162.99M | -35.53M | -129.62M | 58.05M | -102.52M | -50.07M | -116.79M | 46.54M | 394,000 | -35.78M |
| Financing Activities | ||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | 338,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 93.27M | 68.44M | — | — | 14.56M | — | — | — | — | 1.50M | 11.50M | — |
| Long-Term Debt Payments | — | — | — | -40,000 | — | -50.00M | -30.71M | -48,000 | -28.95M | -63.10M | -11.59M | -25.77M | -25.26M | -8.21M | -25.13M | -76.04M | — | — | -3.09M | -16,000 | -8.02M | -114,000 | -14,000 | -39,000 | -7.99M | -7.77M | -34.36M | -10,000 |
| Other Financing Charges | — | — | — | — | — | — | — | 174,000 | 8,000 | 5,000 | 9,000 | 6,000 | -466,000 | 9,000 | -86,000 | -1.56M | 327,000 | 201,000 | — | — | — | — | — | — | -18,000 | — | — | — |
| Financing Cash Flow | -44.13M | -39.49M | -46.94M | -39.79M | -31.42M | -105.50M | -43.53M | -34.03M | -63.04M | -75.37M | -50.47M | -36.06M | -15.54M | -15.32M | -10.95M | -112.88M | 98.56M | 59.55M | 52.14M | 12.39M | 9.77M | -44.77M | 58.01M | 26.75M | 64.34M | -677,000 | -23.26M | 23.13M |
| Other Cash Details | ||||||||||||||||||||||||||||
| End Cash Position | 116.42M | 170.85M | 677.44M | 456.56M | 217.01M | 76.87M | 157.95M | 76.31M | 51.79M | 237.66M | 56.57M | 144.85M | 47.29M | 112.19M | 101.34M | 46.44M | 52.75M | 57.76M | 57.54M | 54.75M | 61.55M | 124.59M | 47.82M | 50.24M | 37.80M | 117.10M | 47.17M | 27.37M |
| Income Tax Paid | 11.78M | 7.59M | 14.40M | 9.07M | 8.06M | 7.61M | 15.85M | 6.59M | 6.90M | 12.55M | 3.00M | 10.39M | 8.50M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 9.08M | 2.11M | 3.14M | 5.50M | 5.66M | 7.94M | 8.27M | 9.85M | 11.76M | 15.79M | 18.15M | 19.66M | 22.86M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 59.06M | 57.86M | 45.18M | 42.65M | 48.24M | 46.95M | 34.02M | 41.20M | 57.28M | 40.59M | 42.23M | 48.63M | 50.94M | 54.33M | 10.75M | 27.55M | 17.82M | 29.73M | 21.44M | 27.07M | 74.03M | 26.63M | -25.56M | 18.54M | 15.21M | 23.38M | 17.22M | 13.32M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Russell 2000 ETF | Nov 30, 2024 | 508,741 | 22.75M | 2.78% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 465,048 | 20.80M | 2.54% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 237,924 | 10.64M | 1.30% |
| DFA U.S. Targeted Value Portfolio | Oct 31, 2024 | 189,387 | 8.47M | 1.04% |
| iShares Russell 2000 Value ETF | Nov 30, 2024 | 176,035 | 7.87M | 0.96% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 174,592 | 7.81M | 0.95% |
| DFA U.S. Small Cap Series | Oct 31, 2024 | 159,242 | 7.12M | 0.87% |
| DFA U.S. Micro Cap Series | Oct 31, 2024 | 102,227 | 4.57M | 0.56% |
| Dimensional ETF Tr-Dimensional U.S. Targeted Value ETF | Oct 31, 2024 | 99,061 | 4.43M | 0.54% |
| Vanguard Specialized-Dividend Appreciation Index Fund | Oct 31, 2024 | 91,911 | 4.11M | 0.50% |
Article
First Community Bankshares, Inc. Announces Fourth Quarter and Full Year 2024 Results, Quarterly Cash Dividend, and Special Dividend
BLUEFIELD, Va., Jan. 28, 2025 (GLOBE NEWSWIRE) -- First Community Bankshares, Inc. (NASDAQ: FCBC) ( www.firstcommunitybank.com ) (the “Company”) today reported its unaudited results of operations and other financial information for the quarter ended December 31, 2024. The Company reported net income of $13.04 million, or $0.71 per diluted common share, for the quarter ended December 31, 2024. Net income for the twelve months ended December 31, 2024, was $51.60 million or $2.80 per diluted common share.
Jan 28, 2025
Article
First Community Bankshares, Inc. Announces Third Quarter 2024 Results and Quarterly Cash Dividend
BLUEFIELD, Va., Oct. 22, 2024 (GLOBE NEWSWIRE) -- First Community Bankshares, Inc. (NASDAQ: FCBC) (www.firstcommunitybank.com) (the “Company”) today reported its unaudited results of operations and other financial information for the quarter ended September 30, 2024. The Company reported net income of $13.03 million, or $0.71 per diluted common share, for the quarter ended September 30, 2024. Net income for the nine months ended September 30, 2024, was $38.56 million or $2.09 per diluted common share.
Oct 22, 2024
Article
First Community Bankshares, Inc. Announces Second Quarter 2024 Results and Quarterly Cash Dividend
BLUEFIELD, Va., July 23, 2024 (GLOBE NEWSWIRE) -- First Community Bankshares, Inc. (NASDAQ: FCBC) (www.firstcommunitybank.com) (the “Company”) today reported its unaudited results of operations and other financial information for the quarter ended June 30, 2024. The Company reported net income of $12.69 million, or $0.71 per diluted common share, for the quarter ended June 30, 2024. Net income for the six months ended June 30, 2024, was $25.53 million or $1.42 per diluted common share.
Jul 23, 2024
