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First Community Bancshares (FCBC) Financials

First Community Bancshares logo
$36.68 +0.27 (+0.74%)
Closing price 04:00 PM Eastern
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$36.66 -0.02 (-0.04%)
As of 04:04 PM Eastern
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Annual Income Statements for First Community Bancshares

Annual Income Statements for First Community Bancshares

This table shows First Community Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 47 48 52
Consolidated Net Income / (Loss)		 47 48 52
Net Income / (Loss) Continuing Operations		 47 48 52
Total Pre-Tax Income 		60 62 66
Total Revenue		 150 165 166
Net Interest Income / (Expense)		 113 128 126
Total Interest Income		 114 137 146
Loans and Leases Interest Income		 105 127 130
Investment Securities Interest Income		 5.99 7.96 5.43
Deposits and Money Market Investments Interest Income		 3.76 2.48 11
Total Interest Expense		 1.66 9.48 20
Deposits Interest Expense		 1.65 9.34 20
Short-Term Borrowings Interest Expense		 0.00 0.14 0.04
Total Non-Interest Income		 37 37 39
Other Service Charges		 5.15 5.65 6.50
Net Realized & Unrealized Capital Gains on Investments		 1.66 -0.02 0.00
Other Non-Interest Income		 30 32 33
Provision for Credit Losses		 6.57 7.99 3.60
Total Non-Interest Expense		 83 95 97
Salaries and Employee Benefits		 47 50 52
Net Occupancy & Equipment Expense		 11 11 12
Marketing Expense		 2.41 3.30 3.86
Property & Liability Insurance Claims		 1.13 1.51 1.46
Other Operating Expenses		 20 26 26
Amortization Expense		 1.45 1.73 2.13
Restructuring Charge		 0.60 2.39 0.00
Income Tax Expense		 13 14 14
Basic Earnings per Share		 $2.82 $2.67 $2.81
Weighted Average Basic Shares Outstanding		 16.52M 18.00M 18.35M
Diluted Earnings per Share		 $2.82 $2.72 $2.80
Weighted Average Diluted Shares Outstanding		 16.56M 18.03M 18.43M
Weighted Average Basic & Diluted Shares Outstanding		 16.23M 18.47M 18.33M
Cash Dividends to Common per Share		 $1.12 $1.16 $1.20

Quarterly Income Statements for First Community Bancshares

This table shows First Community Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 13 13 12 9.81 15 12 13 13 13 13
Consolidated Net Income / (Loss)		 13 13 12 9.81 15 12 13 13 13 13
Net Income / (Loss) Continuing Operations		 13 13 12 9.81 15 12 13 13 13 13
Total Pre-Tax Income 		17 16 15 13 19 15 16 16 17 16
Total Revenue		 39 40 38 42 43 43 41 41 42 42
Net Interest Income / (Expense)		 29 31 29 33 33 32 32 32 32 31
Total Interest Income		 30 31 30 35 36 36 36 37 37 36
Loans and Leases Interest Income		 26 28 28 32 33 34 33 33 32 32
Investment Securities Interest Income		 1.79 1.90 2.10 2.06 1.91 1.89 1.70 1.21 1.07 1.45
Deposits and Money Market Investments Interest Income		 1.53 1.22 0.46 0.89 0.70 0.44 0.91 2.88 3.70 3.35
Total Interest Expense		 0.38 0.37 0.78 2.01 2.76 3.94 4.40 4.88 5.30 5.10
Deposits Interest Expense		 0.38 0.37 0.72 1.93 2.76 3.94 4.37 4.88 5.30 5.10
Total Non-Interest Income		 9.95 9.18 8.58 8.79 9.62 10 9.26 9.34 10 10
Other Service Charges		 0.68 1.87 1.32 0.92 1.18 2.23 1.40 1.18 2.02 1.90
Other Non-Interest Income		 7.61 7.32 7.26 7.90 8.44 8.23 7.86 8.16 8.43 8.44
Provision for Credit Losses		 0.69 3.42 1.74 4.11 1.11 1.03 1.01 0.14 1.36 1.08
Total Non-Interest Expense		 21 21 21 25 23 27 23 25 24 24
Salaries and Employee Benefits		 12 12 12 13 13 13 13 12 13 14
Net Occupancy & Equipment Expense		 2.67 2.61 2.57 2.78 2.75 2.74 2.92 3.00 2.84 2.89
Marketing Expense		 0.72 0.57 0.64 0.85 0.97 0.84 0.80 0.93 0.97 1.17
Property & Liability Insurance Claims		 0.32 0.33 0.32 0.42 0.39 0.38 0.37 0.36 0.37 0.37
Other Operating Expenses		 4.99 4.34 5.07 5.49 5.59 9.35 6.19 7.58 6.34 5.65
Amortization Expense		 0.37 0.36 0.23 0.43 0.54 0.54 0.53 0.53 0.54 0.54
Income Tax Expense		 4.11 3.08 3.66 3.06 4.31 2.93 3.65 3.53 3.48 3.44
Basic Earnings per Share		 $0.82 $0.76 $0.73 $0.53 $0.78 $0.63 $0.70 $0.69 $0.71 $0.71
Weighted Average Basic Shares Outstanding		 16.38M 16.52M 16.23M 18.41M 18.79M 18.00M 18.48M 18.34M 18.28M 18.35M
Diluted Earnings per Share		 $0.81 $0.78 $0.72 $0.55 $0.79 $0.66 $0.71 $0.71 $0.71 $0.67
Weighted Average Diluted Shares Outstanding		 16.41M 16.56M 16.29M 18.43M 18.83M 18.03M 18.55M 18.41M 18.37M 18.43M
Weighted Average Basic & Diluted Shares Outstanding		 16.23M 16.23M 19.23M 18.79M 18.54M 18.47M 18.35M 18.27M 18.29M 18.33M
Cash Dividends to Common per Share		 $0.29 $0.29 $0.29 $0.29 $0.29 $0.29 $0.29 $0.29 $0.31 $0.31

Annual Cash Flow Statements for First Community Bancshares

This table details how cash moves in and out of First Community Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -507 -54 261
Net Cash From Operating Activities		 59 62 58
Net Cash From Continuing Operating Activities		 59 62 58
Net Income / (Loss) Continuing Operations		 47 48 52
Consolidated Net Income / (Loss)		 47 48 52
Provision For Loan Losses		 6.57 7.99 3.60
Depreciation Expense		 4.15 3.95 4.35
Amortization Expense		 1.19 -0.74 1.13
Non-Cash Adjustments to Reconcile Net Income		 0.45 2.61 -2.94
Net Cash From Investing Activities		 -537 289 264
Net Cash From Continuing Investing Activities		 -537 289 264
Acquisitions		 -59 177 0.00
Purchase of Investment Securities		 -507 -77 -113
Sale and/or Maturity of Investments		 29 189 376
Net Cash From Financing Activities		 -29 -405 -61
Net Cash From Continuing Financing Activities		 -29 -405 -61
Net Change in Deposits		 10 -360 -31
Repayment of Debt		 0.34 -0.76 -0.21
Repurchase of Common Equity		 -21 -23 -8.72
Payment of Dividends		 -19 -21 -22
Other Financing Activities, Net		 0.17 0.09 1.41
Cash Interest Paid		 2.11 9.08 19
Cash Income Taxes Paid		 7.59 12 13

Quarterly Cash Flow Statements for First Community Bancshares

This table details how cash moves in and out of First Community Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 -169 -58 -78 60 -39 3.02 132 81 -15 62
Net Cash From Operating Activities		 13 17 16 12 19 15 17 14 11 15
Net Cash From Continuing Operating Activities		 13 17 16 12 19 15 17 14 11 15
Net Income / (Loss) Continuing Operations		 13 13 12 9.81 15 12 13 13 13 13
Consolidated Net Income / (Loss)		 13 13 12 9.81 15 12 13 13 13 13
Provision For Loan Losses		 0.69 3.42 1.74 4.11 1.11 1.03 1.01 0.14 1.36 1.08
Depreciation Expense		 1.04 0.95 0.92 0.99 1.02 1.02 1.10 1.13 1.08 1.05
Amortization Expense		 0.22 0.13 -0.29 -1.07 0.29 0.33 0.33 0.40 0.40 0.00
Non-Cash Adjustments to Reconcile Net Income		 -2.06 -0.03 1.04 -0.35 2.24 -0.32 1.49 -0.64 -4.53 0.74
Net Cash From Investing Activities		 -142 -38 4.57 198 63 23 164 82 -2.79 20
Net Cash From Continuing Investing Activities		 -142 -38 4.57 198 63 23 164 82 -2.79 20
Purchase of Investment Securities		 -92 -44 -37 -20 -15 -5.75 -6.77 -0.37 -36 -70
Sale and/or Maturity of Investments		 8.62 6.46 41 41 78 29 171 82 33 90
Net Cash From Financing Activities		 -40 -38 -99 -149 -122 -35 -49 -16 -23 27
Net Cash From Continuing Financing Activities		 -40 -38 -99 -149 -122 -35 -49 -16 -23 27
Net Change in Deposits		 -27 -31 -94 -136 -107 -24 -40 -4.94 -18 32
Repayment of Debt		 - -0.08 -0.01 -0.52 -0.32 0.09 -0.11 -0.11 0.06 -0.05
Payment of Dividends		 -4.75 -4.71 -4.71 -5.57 -5.45 -5.37 -5.36 -5.32 -5.67 -5.67
Other Financing Activities, Net		 0.05 0.02 0.05 - 0.02 0.02 0.00 0.04 0.91 0.46
Cash Interest Paid		 0.40 0.39 0.73 1.92 2.65 3.79 4.28 4.74 5.23 5.10
Cash Income Taxes Paid		 3.60 3.50 0.00 4.64 0.94 6.20 0.00 6.06 4.95 2.38

Annual Balance Sheets for First Community Bancshares

This table presents First Community Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 3,136 3,269 3,261
Cash and Due from Banks		 63 78 79
Federal Funds Sold		 106 37 297
Interest Bearing Deposits at Other Banks		 2.17 1.55 1.92
Trading Account Securities		 300 281 170
Loans and Leases, Net of Allowance		 2,370 2,536 2,381
Loans and Leases		 2,400 2,572 2,416
Allowance for Loan and Lease Losses		 31 36 35
Premises and Equipment, Net		 47 51 49
Goodwill		 130 144 144
Intangible Assets		 4.18 15 13
Other Assets		 114 125 127
Total Liabilities & Shareholders' Equity		 3,136 3,269 3,261
Total Liabilities		 2,714 2,765 2,735
Non-Interest Bearing Deposits		 872 932 883
Interest Bearing Deposits		 1,807 1,790 1,808
Short-Term Debt		 1.87 1.12 0.91
Other Long-Term Liabilities		 33 42 43
Total Equity & Noncontrolling Interests		 422 503 526
Total Preferred & Common Equity		 422 503 526
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 422 503 526
Common Stock		 145 194 188
Retained Earnings		 293 320 349
Accumulated Other Comprehensive Income / (Loss)		 -16 -11 -11

Quarterly Balance Sheets for First Community Bancshares

This table presents First Community Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 3,161 3,052 3,391 3,284 3,236 3,233 3,224
Cash and Due from Banks		 55 62 100 72 67 75 89
Federal Funds Sold		 172 28 51 40 180 253 224
Interest Bearing Deposits at Other Banks		 2.16 1.94 1.54 1.53 1.83 1.86 1.89
Trading Account Securities		 300 308 314 275 166 130 167
Loans and Leases, Net of Allowance		 2,333 2,358 2,585 2,557 2,484 2,438 2,409
Loans and Leases		 2,363 2,389 2,621 2,593 2,520 2,473 2,444
Allowance for Loan and Lease Losses		 29 31 36 36 35 35 35
Premises and Equipment, Net		 48 47 54 51 51 51 50
Goodwill		 130 130 144 144 144 144 144
Intangible Assets		 4.54 3.94 16 16 15 14 14
Other Assets		 117 2,470 126 127 127 126 126
Total Liabilities & Shareholders' Equity		 3,161 3,052 3,391 3,284 3,236 3,233 3,224
Total Liabilities		 2,749 2,620 2,893 2,789 2,729 2,724 2,704
Non-Interest Bearing Deposits		 878 823 975 944 902 889 870
Interest Bearing Deposits		 1,832 1,761 1,878 1,802 1,780 1,788 1,790
Short-Term Debt		 1.96 1.87 1.35 1.03 1.01 0.89 0.95
Other Long-Term Liabilities		 36 33 39 41 46 46 43
Total Equity & Noncontrolling Interests		 412 432 499 496 507 509 521
Total Preferred & Common Equity		 412 432 499 496 507 509 521
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 412 432 499 496 507 509 521
Common Stock		 146 145 209 200 191 187 187
Retained Earnings		 285 300 304 313 327 335 342
Accumulated Other Comprehensive Income / (Loss)		 -19 -13 -14 -17 -12 -12 -8.41

Annual Metrics And Ratios for First Community Bancshares

This table displays calculated financial ratios and metrics derived from First Community Bancshares' official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 9.56% 10.20% 0.44%
EBITDA Growth		 -10.16% -0.47% 9.19%
EBIT Growth		 -9.58% 3.02% 6.00%
NOPAT Growth		 -8.81% 2.91% 7.46%
Net Income Growth		 -8.81% 2.91% 7.46%
EPS Growth		 -4.08% -3.55% 2.94%
Operating Cash Flow Growth		 22.42% 4.75% -6.61%
Free Cash Flow Firm Growth		 -1.00% -164.32% 188.27%
Invested Capital Growth		 -0.92% 19.00% 4.54%
Revenue Q/Q Growth		 3.71% 1.67% -0.51%
EBITDA Q/Q Growth		 4.36% -1.02% 2.10%
EBIT Q/Q Growth		 3.56% -1.50% 2.76%
NOPAT Q/Q Growth		 4.54% -1.64% 2.49%
Net Income Q/Q Growth		 4.54% -1.64% 2.49%
EPS Q/Q Growth		 5.62% -4.23% 0.36%
Operating Cash Flow Q/Q Growth		 11.05% -3.89% -0.13%
Free Cash Flow Firm Q/Q Growth		 -14.11% 3.35% 13.08%
Invested Capital Q/Q Growth		 2.33% 1.55% 1.08%
Profitability Metrics		 - - -
EBITDA Margin		 43.71% 39.48% 42.91%
EBIT Margin		 40.15% 37.53% 39.61%
Profit (Net Income) Margin		 31.14% 29.08% 31.11%
Tax Burden Percent		 77.57% 77.48% 78.55%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 22.43% 22.52% 21.45%
Return on Invested Capital (ROIC)		 10.96% 10.35% 10.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.96% 10.35% 10.00%
Return on Net Nonoperating Assets (RNNOA)		 0.02% 0.03% 0.02%
Return on Equity (ROE)		 10.98% 10.38% 10.02%
Cash Return on Invested Capital (CROIC)		 11.88% -7.01% 5.57%
Operating Return on Assets (OROA)		 1.90% 1.94% 2.01%
Return on Assets (ROA)		 1.47% 1.50% 1.58%
Return on Common Equity (ROCE)		 10.98% 10.38% 10.02%
Return on Equity Simple (ROE_SIMPLE)		 11.06% 9.54% 9.80%
Net Operating Profit after Tax (NOPAT)		 47 48 52
NOPAT Margin		 31.14% 29.08% 31.11%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 40.32% 38.78% 40.53%
Operating Expenses to Revenue		 55.47% 57.64% 58.22%
Earnings before Interest and Taxes (EBIT)		 60 62 66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 65 65 71
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.15 1.25 1.37
Price to Tangible Book Value (P/TBV)		 1.68 1.83 1.95
Price to Revenue (P/Rev)		 3.24 3.82 4.35
Price to Earnings (P/E)		 10.41 13.13 13.97
Dividend Yield		 3.74% 3.41% 3.05%
Earnings Yield		 9.61% 7.61% 7.16%
Enterprise Value to Invested Capital (EV/IC)		 0.75 1.02 0.65
Enterprise Value to Revenue (EV/Rev)		 2.11 3.12 2.08
Enterprise Value to EBITDA (EV/EBITDA)		 4.83 7.91 4.84
Enterprise Value to EBIT (EV/EBIT)		 5.26 8.32 5.24
Enterprise Value to NOPAT (EV/NOPAT)		 6.79 10.73 6.67
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.36 8.34 5.96
Enterprise Value to Free Cash Flow (EV/FCFF)		 6.26 0.00 11.98
Leverage & Solvency		 - - -
Debt to Equity		 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00
Financial Leverage		 0.00 0.00 0.00
Leverage Ratio		 7.45 6.92 6.34
Compound Leverage Factor		 7.45 6.92 6.34
Debt to Total Capital		 0.44% 0.22% 0.17%
Short-Term Debt to Total Capital		 0.44% 0.22% 0.17%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 99.56% 99.78% 99.83%
Debt to EBITDA		 0.03 0.02 0.01
Net Debt to EBITDA		 -2.58 -1.77 -5.29
Long-Term Debt to EBITDA		 0.00 0.00 0.00
Debt to NOPAT		 0.04 0.02 0.02
Net Debt to NOPAT		 -3.62 -2.40 -7.30
Long-Term Debt to NOPAT		 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 51 -33 29
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 30.54 -3.43 1.46
Operating Cash Flow to Interest Expense		 35.64 6.52 2.93
Operating Cash Flow Less CapEx to Interest Expense		 35.64 6.52 2.93
Efficiency Ratios		 - - -
Asset Turnover		 0.05 0.05 0.05
Fixed Asset Turnover		 3.01 3.37 3.34
Capital & Investment Metrics		 - - -
Invested Capital		 424 504 527
Invested Capital Turnover		 0.35 0.36 0.32
Increase / (Decrease) in Invested Capital		 -3.92 81 23
Enterprise Value (EV)		 317 515 344
Market Capitalization		 486 631 721
Book Value per Share		 $26.00 $27.15 $28.78
Tangible Book Value per Share		 $17.76 $18.57 $20.20
Total Capital		 424 504 527
Total Debt		 1.87 1.12 0.91
Total Long-Term Debt		 0.00 0.00 0.00
Net Debt		 -169 -115 -377
Capital Expenditures (CapEx)		 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 1.87 1.12 0.91
Total Depreciation and Amortization (D&A)		 5.34 3.21 5.48
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $2.82 $2.67 $2.81
Adjusted Weighted Average Basic Shares Outstanding		 16.52M 18.00M 18.35M
Adjusted Diluted Earnings per Share		 $2.82 $2.72 $2.80
Adjusted Weighted Average Diluted Shares Outstanding		 16.56M 18.03M 18.43M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 16.23M 18.47M 18.33M
Normalized Net Operating Profit after Tax (NOPAT)		 47 50 52
Normalized NOPAT Margin		 31.45% 30.20% 31.11%
Pre Tax Income Margin		 40.15% 37.53% 39.61%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 36.33 6.54 3.34
NOPAT to Interest Expense		 28.18 5.06 2.62
EBIT Less CapEx to Interest Expense		 36.33 6.54 3.34
NOPAT Less CapEx to Interest Expense		 28.18 5.06 2.62
Payout Ratios		 - - -
Dividend Payout Ratio		 39.68% 43.92% 42.67%
Augmented Payout Ratio		 85.35% 91.89% 59.56%

Quarterly Metrics And Ratios for First Community Bancshares

This table displays calculated financial ratios and metrics derived from First Community Bancshares' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 16.02% 15.55% 10.62% 14.41% 9.36% 6.83% 7.61% -0.94% -2.15% -2.01%
EBITDA Growth		 4.09% 19.53% 15.09% -20.39% 8.20% -4.02% 11.48% 38.66% -11.21% 9.13%
EBIT Growth		 6.32% 15.21% 24.52% -12.06% 8.50% -6.02% 6.81% 25.97% -12.87% 11.99%
NOPAT Growth		 5.89% 19.21% 23.83% -12.48% 9.65% -6.35% 9.02% 29.26% -10.98% 10.66%
Net Income Growth		 5.89% 19.21% 23.83% -12.48% 9.65% -6.35% 9.02% 29.26% -10.98% 10.66%
EPS Growth		 10.96% 23.81% 28.57% -17.91% -2.47% -15.38% -1.39% 29.09% -10.13% 1.52%
Operating Cash Flow Growth		 -21.06% 50.54% 51.63% -32.72% 42.98% -14.29% 6.98% 20.94% -39.98% -0.51%
Free Cash Flow Firm Growth		 450.89% 57.52% -53.52% -465.02% -345.75% -516.81% -1,373.72% 104.28% 82.43% 85.68%
Invested Capital Growth		 -3.33% -0.92% 1.63% 18.87% 19.91% 19.00% 17.15% 1.94% 5.02% 4.54%
Revenue Q/Q Growth		 7.94% 1.31% -4.55% 9.61% 3.17% -1.03% -3.85% 0.90% 1.92% -0.89%
EBITDA Q/Q Growth		 16.47% -10.60% -3.97% -20.39% 58.32% -20.70% 11.54% -0.98% 1.38% -2.53%
EBIT Q/Q Growth		 19.31% -10.33% -1.40% -16.64% 47.21% -22.33% 12.06% -1.69% 1.83% -0.17%
NOPAT Q/Q Growth		 19.07% -5.75% -6.37% -16.70% 49.17% -19.51% 9.00% -1.24% 2.74% 0.05%
Net Income Q/Q Growth		 19.07% -5.75% -6.37% -16.70% 49.17% -19.51% 9.00% -1.24% 2.74% 0.05%
EPS Q/Q Growth		 20.90% -3.70% -7.69% -23.61% 43.64% -16.46% 7.58% 0.00% 0.00% -5.63%
Operating Cash Flow Q/Q Growth		 -24.96% 31.27% -9.54% -24.50% 59.46% -21.31% 12.92% -14.65% -20.86% 30.44%
Free Cash Flow Firm Q/Q Growth		 44.83% -40.23% -70.73% -1,540.73% 2.49% -1.37% 10.56% 104.84% -500.50% 17.40%
Invested Capital Q/Q Growth		 -1.54% 2.33% 2.30% 15.33% -0.67% 1.55% 0.70% 0.36% 2.33% 1.08%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 47.65% 42.05% 42.30% 30.72% 47.14% 37.78% 43.82% 43.01% 42.78% 42.07%
EBIT Margin		 44.44% 39.34% 40.64% 30.91% 44.09% 34.61% 40.33% 39.30% 39.26% 39.55%
Profit (Net Income) Margin		 33.98% 31.61% 31.01% 23.56% 34.07% 27.71% 31.42% 30.75% 31.00% 31.29%
Tax Burden Percent		 76.46% 80.36% 76.31% 76.25% 77.27% 80.08% 77.89% 78.25% 78.94% 79.12%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 23.54% 19.64% 23.69% 23.75% 22.73% 19.92% 22.11% 21.75% 21.06% 20.88%
Return on Invested Capital (ROIC)		 11.65% 11.12% 11.07% 8.13% 12.15% 9.86% 11.21% 10.21% 10.15% 10.06%
ROIC Less NNEP Spread (ROIC-NNEP)		 11.65% 11.12% 11.07% 8.13% 12.15% 9.86% 11.21% 10.21% 10.15% 10.06%
Return on Net Nonoperating Assets (RNNOA)		 0.04% 0.02% 0.06% 0.04% 0.04% 0.03% 0.03% 0.02% 0.02% 0.02%
Return on Equity (ROE)		 11.69% 11.15% 11.12% 8.16% 12.19% 9.89% 11.25% 10.23% 10.17% 10.08%
Cash Return on Invested Capital (CROIC)		 13.98% 11.88% 9.76% -6.92% -7.39% -7.01% -5.37% 8.37% 4.99% 5.57%
Operating Return on Assets (OROA)		 2.04% 1.86% 1.98% 1.48% 2.22% 1.78% 2.16% 1.99% 2.01% 2.01%
Return on Assets (ROA)		 1.56% 1.50% 1.51% 1.13% 1.72% 1.43% 1.68% 1.56% 1.59% 1.59%
Return on Common Equity (ROCE)		 11.69% 11.15% 11.12% 8.16% 12.19% 9.89% 11.25% 10.23% 10.17% 10.08%
Return on Equity Simple (ROE_SIMPLE)		 10.83% 0.00% 11.33% 9.53% 9.85% 0.00% 9.68% 10.21% 9.67% 0.00%
Net Operating Profit after Tax (NOPAT)		 13 13 12 9.81 15 12 13 13 13 13
NOPAT Margin		 33.98% 31.61% 31.01% 23.56% 34.07% 27.71% 31.42% 30.75% 31.00% 31.29%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 39.36% 37.92% 38.97% 39.18% 38.15% 38.84% 39.87% 39.80% 40.29% 42.13%
Operating Expenses to Revenue		 53.82% 52.08% 54.78% 59.24% 53.32% 62.97% 57.20% 60.35% 57.50% 57.85%
Earnings before Interest and Taxes (EBIT)		 17 16 15 13 19 15 16 16 17 16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 19 17 16 13 20 16 18 18 18 18
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.19 1.15 0.89 1.10 1.08 1.25 1.24 1.32 1.51 1.37
Price to Tangible Book Value (P/TBV)		 1.76 1.68 1.29 1.62 1.59 1.83 1.81 1.91 2.17 1.95
Price to Revenue (P/Rev)		 3.39 3.24 2.51 3.45 3.30 3.82 3.75 4.00 4.73 4.35
Price to Earnings (P/E)		 10.97 10.41 7.87 11.54 10.96 13.13 12.83 12.92 15.66 13.97
Dividend Yield		 3.69% 3.74% 4.80% 4.07% 4.07% 3.41% 3.40% 3.17% 2.73% 3.05%
Earnings Yield		 9.11% 9.61% 12.71% 8.67% 9.12% 7.61% 7.80% 7.74% 6.39% 7.16%
Enterprise Value to Invested Capital (EV/IC)		 0.63 0.75 0.68 0.79 0.85 1.02 0.75 0.67 0.91 0.65
Enterprise Value to Revenue (EV/Rev)		 1.82 2.11 1.92 2.50 2.60 3.12 2.27 2.04 2.84 2.08
Enterprise Value to EBITDA (EV/EBITDA)		 4.18 4.83 4.36 6.17 6.42 7.91 5.69 4.75 6.80 4.84
Enterprise Value to EBIT (EV/EBIT)		 4.52 5.26 4.66 6.46 6.72 8.32 6.06 5.15 7.41 5.24
Enterprise Value to NOPAT (EV/NOPAT)		 5.88 6.79 6.02 8.35 8.66 10.73 7.78 6.58 9.41 6.67
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.94 5.36 4.57 6.77 6.57 8.34 6.07 5.23 8.20 5.96
Enterprise Value to Free Cash Flow (EV/FCFF)		 4.46 6.26 7.02 0.00 0.00 0.00 0.00 8.10 18.66 11.98
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage Ratio		 7.50 7.45 7.36 7.25 7.10 6.92 6.70 6.57 6.40 6.34
Compound Leverage Factor		 7.50 7.45 7.36 7.25 7.10 6.92 6.70 6.57 6.40 6.34
Debt to Total Capital		 0.47% 0.44% 0.43% 0.27% 0.21% 0.22% 0.20% 0.18% 0.18% 0.17%
Short-Term Debt to Total Capital		 0.47% 0.44% 0.43% 0.27% 0.21% 0.22% 0.20% 0.18% 0.18% 0.17%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 99.53% 99.56% 99.57% 99.73% 99.79% 99.78% 99.80% 99.82% 99.82% 99.83%
Debt to EBITDA		 0.03 0.03 0.03 0.02 0.02 0.02 0.02 0.01 0.01 0.01
Net Debt to EBITDA		 -3.62 -2.58 -1.34 -2.35 -1.71 -1.77 -3.70 -4.57 -4.51 -5.29
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.04 0.04 0.04 0.03 0.02 0.02 0.02 0.02 0.02 0.02
Net Debt to NOPAT		 -5.09 -3.62 -1.85 -3.18 -2.30 -2.40 -5.05 -6.33 -6.24 -7.30
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 28 16 4.83 -70 -68 -69 -62 2.98 -12 -9.85
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 72.64 44.96 6.21 -34.67 -24.60 -17.46 -13.98 0.61 -2.25 -1.93
Operating Cash Flow to Interest Expense		 35.07 47.67 20.37 5.95 6.91 3.81 3.85 2.96 2.16 2.93
Operating Cash Flow Less CapEx to Interest Expense		 35.07 47.67 20.37 5.95 6.91 3.81 3.85 2.96 2.16 2.93
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
Fixed Asset Turnover		 2.87 3.01 3.12 3.07 3.28 3.37 3.40 3.22 3.31 3.34
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 414 424 434 500 497 504 508 510 522 527
Invested Capital Turnover		 0.34 0.35 0.36 0.34 0.36 0.36 0.36 0.33 0.33 0.32
Increase / (Decrease) in Invested Capital		 -14 -3.92 6.95 79 82 81 74 9.71 25 23
Enterprise Value (EV)		 263 317 295 397 423 515 382 342 474 344
Market Capitalization		 490 486 385 548 535 631 630 671 788 721
Book Value per Share		 $25.12 $26.00 $26.60 $25.93 $26.38 $27.15 $27.45 $27.73 $28.50 $28.78
Tangible Book Value per Share		 $16.95 $17.76 $18.38 $17.60 $17.89 $18.57 $18.86 $19.12 $19.88 $20.20
Total Capital		 414 424 434 500 497 504 508 510 522 527
Total Debt		 1.96 1.87 1.87 1.35 1.03 1.12 1.01 0.89 0.95 0.91
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -227 -169 -91 -151 -112 -115 -248 -329 -314 -377
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 1.96 1.87 1.87 1.35 1.03 1.12 1.01 0.89 0.95 0.91
Total Depreciation and Amortization (D&A)		 1.26 1.08 0.63 -0.08 1.31 1.35 1.43 1.53 1.48 1.05
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.82 $0.76 $0.73 $0.53 $0.78 $0.63 $0.70 $0.69 $0.71 $0.71
Adjusted Weighted Average Basic Shares Outstanding		 16.38M 16.52M 16.23M 18.41M 18.79M 18.00M 18.48M 18.34M 18.28M 18.35M
Adjusted Diluted Earnings per Share		 $0.81 $0.78 $0.72 $0.55 $0.79 $0.66 $0.71 $0.71 $0.71 $0.67
Adjusted Weighted Average Diluted Shares Outstanding		 16.41M 16.56M 16.29M 18.43M 18.83M 18.03M 18.55M 18.41M 18.37M 18.43M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 16.23M 16.23M 19.23M 18.79M 18.54M 18.47M 18.35M 18.27M 18.29M 18.33M
Normalized Net Operating Profit after Tax (NOPAT)		 13 13 12 11 15 12 13 13 13 13
Normalized NOPAT Margin		 33.98% 32.81% 31.77% 27.25% 34.07% 27.71% 31.42% 30.75% 31.00% 31.29%
Pre Tax Income Margin		 44.44% 39.34% 40.64% 30.91% 44.09% 34.61% 40.33% 39.30% 39.26% 39.55%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 45.95 42.67 19.87 6.41 6.87 3.74 3.75 3.32 3.12 3.23
NOPAT to Interest Expense		 35.13 34.29 15.16 4.89 5.31 2.99 2.92 2.60 2.46 2.56
EBIT Less CapEx to Interest Expense		 45.95 42.67 19.87 6.41 6.87 3.74 3.75 3.32 3.12 3.23
NOPAT Less CapEx to Interest Expense		 35.13 34.29 15.16 4.89 5.31 2.99 2.92 2.60 2.46 2.56
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 41.22% 39.68% 38.18% 41.52% 41.84% 43.92% 44.29% 41.37% 43.13% 42.67%
Augmented Payout Ratio		 101.42% 85.35% 73.38% 77.21% 80.66% 91.89% 97.29% 86.79% 72.32% 59.56%

Financials Breakdown Chart

Key Financial Trends

First Community Bancshares (NASDAQ: FCBC) has demonstrated stable financial performance over the past two years, with consistent profitability and strong underlying revenue streams.

Positive trends observed:

  • Net interest income has remained robust, reaching $31.33 million in Q4 2024, compared to $32.06 million in Q4 2023, indicating steady core banking operations.
  • Total revenue in Q4 2024 was $41.67 million, slightly down from $42.53 million in Q4 2023, but remaining relatively consistent quarter to quarter.
  • The company’s net income continued to grow gradually, with Q4 2024 net income of $13.04 million compared to $11.78 million in Q4 2023.
  • Cash flow from operating activities was strong, with $14.9 million in Q4 2024, supporting liquidity and operational strength.
  • Allowance for loan and lease losses increased modestly from about $35 million to $35.1 million by Q3 2024, suggesting prudent risk management as loan balances grew.
  • The balance sheet remains solid, with total assets of approximately $3.22 billion as of Q3 2024, showing growth from previous quarters.
  • Dividends have been stable with a quarterly dividend of about $0.31 per share in Q4 2024, reflecting consistent shareholder returns.
  • There have been ongoing investments in securities and maintenance of a diverse asset base including loans, lending allowances, goodwill, and trading securities.

Neutral factors with mixed implications:

  • Non-interest income remains a significant contributor, at around $10.34 million in Q4 2024, slightly lower than Q4 2023, with other non-interest income stable around $8 million.
  • Total non-interest expenses remained steady around $24.1 million in Q4 2024, consistent with historical figures, reflecting stable operating costs.

Areas of potential concern:

  • Provision for credit losses increased in Q4 2024 to $1.08 million compared to $1.03 million in the prior year quarter, reflecting some pressure on asset quality.
  • Expense growth in salaries and employee benefits, reaching $13.5 million in Q4 2024, up from $12.93 million in Q4 2023, may affect future margins if revenue growth slows.
  • Interest expense on deposits showed an increase to $5.1 million in Q4 2024 versus $3.94 million in Q4 2023, indicating rising funding costs in a higher interest rate environment.
  • Repurchase of common equity and dividend payments continue to represent a significant cash outflow, which may impact cash reserves if operational results weaken.

Summary: First Community Bancshares has maintained a steady financial performance with consistent net interest income and manageable expenses. Growth in net income and dividends reflects a stable operating environment. However, rising credit loss provisions and funding costs warrant monitoring, as they can impact profitability. Overall, the financial health appears solid with balanced growth and prudent risk management practices.

09/17/25 07:27 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About First Community Bancshares' Financials

When does First Community Bancshares' financial year end?

According to the most recent income statement we have on file, First Community Bancshares' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has First Community Bancshares' net income changed over the last 2 years?

First Community Bancshares' net income appears to be on an upward trend, with a most recent value of $51.60 million in 2024, rising from $46.66 million in 2022. The previous period was $48.02 million in 2023.

How has First Community Bancshares' revenue changed over the last 2 years?

Over the last 2 years, First Community Bancshares' total revenue changed from $149.85 million in 2022 to $165.86 million in 2024, a change of 10.7%.

How much debt does First Community Bancshares have?

First Community Bancshares' total liabilities were at $2.73 billion at the end of 2024, a 1.1% decrease from 2023, and a 0.8% increase since 2022.

How much cash does First Community Bancshares have?

In the past 2 years, First Community Bancshares' cash and equivalents has ranged from $63.04 million in 2022 to $78.54 million in 2024, and is currently $78.54 million as of their latest financial filing in 2024.

How has First Community Bancshares' book value per share changed over the last 2 years?

Over the last 2 years, First Community Bancshares' book value per share changed from 26.00 in 2022 to 28.78 in 2024, a change of 10.7%.


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This page (NASDAQ:FCBC) was last updated on 9/17/2025 by MarketBeat.com Staff
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