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.
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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% |
Key Financial Trends
First Community Bancshares (NASDAQ: FCBC) has reported consistent financial performance over the past four years, with stable revenue growth and solid profitability, evidenced by their quarterly statements from Q3 2022 through Q4 2024.
Income Statement Highlights:
- Net interest income has shown steady strength, with Q4 2024 reporting $31.3 million, slightly below the $31.6 million in Q3 2024 but consistent with prior quarters, indicating stable core banking operations.
- Non-interest income has remained robust, with Q4 2024 totaling $10.3 million, reflecting diversified revenue streams including service charges and other non-interest income.
- Net income attributable to common shareholders has been fairly stable, with $13.04 million in Q4 2024, showing modest growth from $11.78 million in Q4 2023 and $11.78 million in Q1 2023.
- Provision for credit losses peaked in mid-2023 (e.g., $4.1 million in Q2 2023) but has declined to $1.08 million in Q4 2024, indicating improving credit quality or risk management.
- Despite slight fluctuations, basic and diluted earnings per share have stayed in the range of $0.63 to $0.79 over the past four years, reflecting steady profitability.
- Non-interest expenses have been rising, reaching $24.1 million in Q4 2024 compared with $20.7 million in Q4 2022, possibly reflecting increased operating costs, though offset by higher revenues.
Cash Flow Statement Insights:
- Operating cash flow has been consistently positive and strong, with $14.9 million generated in Q4 2024, highlighting solid cash generation from core operations.
- Investment activities show significant fluctuations due to large purchases and sales of investment securities; for example, $69.88 million purchases offset by $90.34 million sales in Q4 2024, reflecting active portfolio management.
- Financing activities cash flows reveal active management of deposits and shareholder returns, with net cash from financing activities positive $26.7 million in Q4 2024, driven mostly by deposit inflows despite dividend payments.
Balance Sheet Overview:
- Total assets remained relatively stable, around $3.2 billion as of Q3 2024, with strong loan growth slightly fluctuating but maintaining solid levels above $2.4 billion net loans and leases.
- Deposits increased significantly by Q4 2024, reflected by a net increase of $31.99 million in deposits during Q4 2024, supporting strong liquidity and funding.
- Allowance for loan and lease losses has been relatively stable, between $30 million to $36 million over the last several quarters, supporting the loan portfolio quality against potential credit losses.
- Equity has seen gradual increases, reaching approximately $520 million by Q3 2024, showing retained earnings growth and capital stability.
- Accumulated other comprehensive losses slightly increased to around -$8.4 million by Q3 2024 from -$6 million in prior periods, indicating some unrealized losses in other comprehensive income components.
Summary:
First Community Bancshares has demonstrated steady earnings growth, stable core banking revenues, and resilient loan portfolio performance over the past four years. The company effectively manages its cash flows with healthy operating cash generation and active investment portfolio management. Asset quality signals improvement with declining credit loss provisions. However, rising operating expenses and modest accumulated other comprehensive losses warrant monitoring. Long-term shareholders benefit from consistent dividend payments and manageable share dilution.
08/08/25 12:42 PMAI Generated. May Contain Errors.