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First Community Bankshares, Inc. operates as the financial holding company for First Community Bank that provides various banking products and services. It offers demand and savings deposits, money market accounts, certificates of deposit, and individual retirement accounts; commercial loans, such as loans to small and mid-size industrial, commercial, and service companies; and consumer real estate loans, including home equity loans, lines of credit, and financing residential properties. The company also provides consumer and other loans comprising automobile, credit cards, personal lines of credit, boats, mobile homes, and other consumer goods; and trust management, estate administration, and investment advisory services. It serves individual and commercial customers in the education, government, health services, retail trade, construction, manufacturing, tourism, coal mining and gas extraction, and transportation industries. The company operates through branches in Virginia, West Virginia, North Carolina, and Tennessee. First Community Bankshares, Inc. was founded in 1874 and is headquartered in Bluefield, Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $157M | - | $49M | $60M | 9.7% | 0.6% | -5.4% |
| 2024 | $156M | - | $52M | $55M | 9.8% | -0.0% | 7.5% |
| 2023 | $156M | - | $48M | $59M | 9.5% | 11.1% | 2.9% |
| 2022 | $141M | - | $47M | $58M | 11.1% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 140.58 | 156.23 | 156.22 | 157.16 |
| Operating Revenue | - | 140.58 | 156.23 | 156.22 | 157.16 |
| Selling General And Administration | - | 50.72 | 54.70 | 57.03 | 61.95 |
| Interest Income | - | 114.32 | 137.16 | 146.14 | 142.54 |
| Interest Expense | - | 1.66 | 9.48 | 19.67 | 17.92 |
| Net Interest Income | - | 112.66 | 127.68 | 126.47 | 124.61 |
| Pretax Income | - | 60.16 | 61.97 | 65.69 | 63.12 |
| Tax Provision | - | 13.50 | 13.95 | 14.09 | 14.33 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.20 | -1.21 | -0.39 | -0.66 |
| Net Income Continuous Operations | - | 46.66 | 48.02 | 51.60 | 48.79 |
| Net Income From Continuing And Discontinued Operation | - | 46.66 | 48.02 | 51.60 | 48.79 |
| Net Income From Continuing Operation Net Minority Interest | - | 46.66 | 48.02 | 51.60 | 48.79 |
| Net Income | - | 46.66 | 48.02 | 51.60 | 48.79 |
| Net Income Common Stockholders | - | 46.66 | 48.02 | 51.60 | 48.79 |
| Net Income Including Noncontrolling Interests | - | 46.66 | 48.02 | 51.60 | 48.79 |
| Normalized Income | - | 45.96 | 52.20 | 53.02 | 51.04 |
| Diluted NI Availto Com Stockholders | - | 46.66 | 48.02 | 51.60 | 48.79 |
| Basic Average Shares | - | 16.52 | 18 | 18.35 | 18.31 |
| Diluted Average Shares | - | 16.56 | 18.03 | 18.43 | 18.41 |
| Reconciled Depreciation | - | 5.60 | 5.68 | 6.48 | 5.66 |
| Total Unusual Items | - | 0.91 | -5.39 | -1.80 | -2.91 |
| Total Unusual Items Excluding Goodwill | - | 0.91 | -5.39 | -1.80 | -2.91 |
| Special Income Charges | - | 0.91 | -5.39 | -1.80 | -2.91 |
| Gain On Sale Of Business | 0 | 1.50 | 0 | 0 | - |
| Other Special Charges | - | - | 3 | 1.80 | - |
| Restructuring And Mergern Acquisition | - | 0.60 | 2.39 | 0 | 2.91 |
| Gain On Sale Of Security | - | 0 | -0.02 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | - | 1.45 | 1.73 | 2.13 | 1.92 |
| Depreciation And Amortization In Income Statement | - | 1.45 | 1.73 | 2.13 | 1.92 |
| General And Administrative Expense | - | 48.31 | 51.40 | 53.16 | 57.88 |
| Other Gand A | 2.27 | - | - | - | - |
| Insurance And Claims | - | 1.13 | 1.51 | 1.46 | 1.44 |
| Selling And Marketing Expense | - | 2.41 | 3.30 | 3.86 | 4.07 |
| Amortization | - | 1.45 | 1.73 | 2.13 | 1.92 |
| Amortization Of Intangibles Income Statement | - | 1.45 | 1.73 | 2.13 | 1.92 |
| Occupancy And Equipment | - | 10.82 | 10.84 | 11.65 | 11.83 |
| Professional Expense And Contract Services Expense | - | 1.30 | 1.57 | 1.22 | 1.26 |
| Other Non Interest Expense | - | 10.48 | 12.04 | 13.10 | 14.10 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| First Community Bankshares, Inc.this co. | FCBC | $811M | 16.61↑ premium | 1.62 | 9.7% | - |
| Farmers National Banc Corp. | FMNB | $834M | 15.27 | 1.72 | 11.2% | - |
| Root, Inc. | ROOT | $833M | 20.67 | 2.93 | 14.2% | - |
| Eagle Bancorp, Inc. | EGBN | $828M | -6.00 | 0.73 | -12.2% | - |
| Mid Penn Bancorp, Inc. | MPB |
| - |
| - |
| - |
| - |
| - |
| - |
| $823M |
| 14.64 |
| 1.01 |
| 6.9% |
| - |
| Employers Holdings, Inc. | EIG | $811M | 75.12 | 0.85 | 1.1% | - |
| loanDepot, Inc. | LDI | $811M | -12.94 | 3.46 | -26.7% | - |
| Bowhead Specialty Holdings Inc. | BOW | $801M | 14.90 | 1.78 | 12.0% | - |
| Great Southern Bancorp, Inc. | GSBC | $789M | 11.12 | 1.24 | 11.2% | - |
| Peer Median | - | 14.77 | 1.48 | 9.0% | - | |