FIRST COMMUNITY BANKSHARES INC /VA/ FCBC
First Community Bankshares, Inc. (the "Company"), a financial holding company, was founded in 1989 and reincorporated under the laws of the Commonwealth of Virginia. The Company's principal executive office is located in Bluefield, Virginia. The Company provides banking products and services to individual and commercial customers through its wholly owned subsidiary First Community Bank (the "Bank"), a Virginia-chartered banking institution founded in 1874. The Bank offers wealth management and investment advice through its Trust Division and wholly owned subsidiary First Community Wealth Management. Unless the context suggests otherwise, the terms "First Community," "Company," "we," "our," and "us" in this Annual Report on Form 10-K refer to First Community Bankshares, Inc. and its subsidiaries as a consolidated entity.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $142.5M | $146.1M | $137.2M | $114.3M | $105.3M | $114.0M | $95.0M | $98.3M | $95.3M | $94.7M |
| Cost of revenue | — | — | — | — | — | — | — | — | $3.3M | $3.6M |
| Gross profit | — | — | — | — | — | — | — | — | $92.0M | $91.1M |
| Interest expense | $124.6M | $126.5M | $127.7M | $112.7M | $2.8M | $5.5M | $5.5M | $7.4M | $8.1M | $9.8M |
| Pre-tax income | $63.1M | $65.7M | $62.0M | $60.2M | $66.5M | $46.1M | $49.8M | $45.1M | $42.1M | $37.9M |
| Income tax | $14.3M | $14.1M | $14.0M | $13.5M | $15.4M | $10.2M | $11.0M | $8.8M | $20.6M | $12.8M |
| Net income | $48.8M | $51.6M | $48.0M | $46.7M | $51.2M | $35.9M | $38.8M | $36.3M | $21.5M | $25.1M |
| EPS, basic | 2.66 | 2.81 | 2.67 | 2.82 | 2.95 | 2.02 | 2.47 | 2.19 | 1.26 | 1.45 |
| EPS, diluted | 2.65 | 2.80 | 2.72 | 2.82 | 2.94 | 2.02 | 2.46 | 2.18 | 1.26 | 1.45 |
| Shares, diluted (wtd. avg.) | $18.4M | $18.4M | $18.0M | $16.6M | $17.4M | $17.8M | $15.8M | $16.7M | $17.1M | $17.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $126.1M | $78.5M | $77.6M | $63.0M | $47.1M | $58.4M | $66.8M | $76.9M | $158.0M | $76.3M |
| Property, plant and equipment | $47.6M | $48.7M | $50.7M | $47.3M | $52.3M | $57.7M | $62.8M | $45.8M | $48.1M | $50.1M |
| Goodwill | $143.9M | $143.9M | $143.9M | $129.6M | $129.6M | $129.6M | $129.6M | $92.8M | $95.8M | $95.8M |
| Other intangibles | $11.1M | $13.0M | $15.1M | $4.2M | $5.6M | $7.1M | $8.5M | $5.0M | $6.2M | $7.2M |
| Total assets | $3.26B | $3.26B | $3.27B | $3.14B | $3.19B | $3.01B | $2.80B | $2.24B | $2.39B | $2.39B |
| Long-term debt | — | — | — | — | — | — | — | — | $75.0M | $90.0M |
| Total liabilities | $2.76B | $2.73B | $2.77B | $2.71B | $2.77B | $2.58B | $2.37B | $1.91B | $2.04B | $2.05B |
| Retained earnings | $319.4M | $349.5M | $319.9M | $293.0M | $264.8M | $237.6M | $219.5M | $195.8M | $180.5M | $170.4M |
| Total equity | $500.5M | $526.4M | $503.3M | $422.0M | $427.8M | $426.7M | $428.8M | $332.9M | $350.7M | $339.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $62.7M | $57.7M | $61.8M | $59.0M | $48.2M | $45.8M | $56.7M | $49.5M | $36.4M | $43.1M |
| Depreciation and amortisation | $3.7M | $4.3M | $4.0M | $4.2M | $4.5M | $4.5M | $3.5M | $2.9M | $3.6M | — |
| Stock-based compensation | $1.5M | $403.0K | $597.0K | $718.0K | $1.3M | $1.6M | $1.5M | $1.2M | $790.0K | $531.0K |
| Capital expenditure | $2.7M | $2.8M | $2.8M | $1.2M | $3.0M | $3.2M | $8.4M | $2.6M | $2.4M | $1.9M |
| Investing cash flow | $139.9M | $263.9M | $288.7M | -$536.8M | $35.4M | $17.8M | $171.4M | $49.4M | $67.8M | $110.2M |
| Financing cash flow | -$67.8M | -$60.6M | -$404.9M | -$28.8M | $137.3M | $175.9M | -$87.9M | -$180.0M | -$22.5M | -$128.8M |
| Dividends paid | $60.6M | $22.0M | $21.1M | $18.5M | $18.1M | $17.9M | $15.1M | $21.1M | $11.6M | $10.4M |
| Buybacks | $1.9M | $8.7M | $23.0M | $21.3M | $28.9M | $21.9M | $16.4M | $34.4M | $1.3M | $23.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-007180.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |