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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 140.58 | 156.23 | 156.22 | 157.16 |
| Pretax Income | 60.16 | 61.97 | 65.69 | 63.12 |
| Tax Provision | 13.49 | 13.95 | 14.09 | 14.33 |
| Net Income | 46.66 | 48.02 | 51.60 | 48.79 |
| Net Income Common Stockholders | 46.66 | 48.02 | 51.60 | 48.79 |
| Interest Expense | 1.66 | 9.48 | 19.67 | 17.92 |
| Interest Income | 114.32 | 137.16 | 146.14 | 142.53 |
| Selling General And Administration | 50.72 | 54.70 | 57.03 | 61.95 |
| Normalized Income | 45.96 | 52.20 | 53.02 | 51.04 |
| Basic EPS | 2.82 | 2.67 | 2.81 | 0 |
| Diluted EPS | 2.82 | 2.67 | 2.80 | 0 |
| Tax Effect Of Unusual Items | 0.20 | -1.21 | -0.39 | -0.66 |
| Tax Rate For Calcs | 0.22 | 0.23 | 0.21 | 0.23 |
| Total Unusual Items | 0.91 | -5.39 | -1.80 | -2.91 |
| Total Unusual Items Excluding Goodwill | 0.91 | -5.39 | -1.80 | -2.91 |
| Net Income From Continuing Operation Net Minority Interest | 46.66 | 48.02 | 51.60 | 48.79 |
| Reconciled Depreciation | 5.60 | 5.68 | 6.48 | 5.66 |
| Net Interest Income | 112.66 | 127.68 | 126.47 | 124.61 |
| Net Income From Continuing And Discontinued Operation | 46.66 | 48.02 | 51.60 | 48.79 |
| Diluted Average Shares | 16.56 | 18.03 | 18.43 | 0 |
| Basic Average Shares | 16.52 | 18 | 18.35 | 0 |
| Diluted NI Availto Com Stockholders | 46.66 | 48.02 | 51.60 | 48.79 |
| Net Income Including Noncontrolling Interests | 46.66 | 48.02 | 51.60 | 48.79 |
| Net Income Continuous Operations | 46.66 | 48.02 | 51.60 | 48.79 |
| Special Income Charges | 0.91 | -5.39 | -1.80 | -2.91 |
| Gain On Sale Of Business | 1.50 | 0 | 0 | 0 |
| Other Special Charges | 0 | 3 | 1.80 | 0 |
| 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 |
| Amortization | 1.45 | 1.73 | 2.13 | 1.92 |
| Amortization Of Intangibles Income Statement | 1.45 | 1.73 | 2.13 | 1.92 |
| Selling And Marketing Expense | 2.41 | 3.30 | 3.86 | 4.07 |
| General And Administrative Expense | 48.31 | 51.40 | 53.16 | 57.88 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 1.13 | 1.51 | 1.46 | 1.45 |
| Salaries And Wages | 47.18 | 49.89 | 51.70 | 56.43 |
| Operating Revenue | 140.58 | 156.23 | 156.22 | 157.16 |
| Occupancy And Equipment | 10.82 | 10.85 | 11.65 | 11.83 |
| Professional Expense And Contract Services Expense | 1.30 | 1.57 | 1.22 | 1.26 |
| Other Non Interest Expense | 10.47 | 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 | $804M | 16.14↑ premium | 1.56 | 9.7% | - |
| Farmers National Banc Corp. | FMNB | $824M | 9.60 | 1.08 | 11.2% | - |
| Root, Inc. | ROOT | $821M | 21.99 | 2.83 | 14.2% | 6.98 |
| World Acceptance Corporation | WRLD | $816M | 8.50 | 1.73 | 20.4% | - |
| Camden National Corporation | CAC |
| $811M |
| 10.21 |
| 1.17 |
| 9.4% |
| - |
| Capital City Bank Group, Inc. | CCBG | $788M | 13.05 | 1.41 | 11.1% | - |
| OppFi Inc. | OPFI | $785M | 9.28 | 4.29 | 8.5% | - |
| Bowhead Specialty Holdings Inc. | BOW | $784M | 15.01 | 1.74 | 12.0% | 9.66 |
| First Financial Corporation | THFF | $772M | 9.55 | 1.19 | 12.2% | - |
| Peer Median | - | 9.90 | 1.57 | 11.6% | 8.32 | |