First Community Bankshares
Market Cap
US$499.3m
Last Updated
2019/07/22 23:38 UTC
Data Sources
Company Financials +
Executive Summary
First Community Bankshares, Inc. operates as the financial holding company for First Community Bank that provides various banking products and services.
Snowflake
Fundamentals
Excellent balance sheet with proven track record.
Risks
- First Community Bankshares is covered by less than 3 analysts.
Similar Companies
Share Price & News
How has First Community Bankshares's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-3.4%
NasdaqGS:FCBC
0.3%
US Banks
-0.9%
US Market
1 Year Return
-1.0%
NasdaqGS:FCBC
-7.8%
US Banks
3.8%
US Market
FCBC outperformed the Banks industry which returned -8% over the past year.
FCBC underperformed the Market in United States of America which returned 3.3% over the past year.
Share holder returns
| FCBC | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.4% | 0.3% | -0.9% |
| 30 Day | -3.2% | 2.9% | 1.1% |
| 90 Day | -8.4% | -0.7% | 1.1% |
| 1 Year | 1.6%-1.0% | -5.3%-7.8% | 6.1%3.8% |
| 3 Year | 52.6%39.1% | 56.5%45.9% | 45.2%35.5% |
| 5 Year | 173.8%134.2% | 64.1%46.5% | 59.9%42.1% |
Price Volatility Vs. Market
How volatile is First Community Bankshares's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is First Community Bankshares's (NASDAQ:FCBC) Share Price Gain Of 140% Well Earned?4 weeks ago | Simply Wall St
Is First Community Bankshares, Inc.'s (NASDAQ:FCBC) CEO Paid At A Competitive Rate?1 month ago | Simply Wall St
Should We Worry About First Community Bankshares, Inc.'s (NASDAQ:FCBC) P/E Ratio?Valuation
Is First Community Bankshares undervalued based on future cash flows and its price relative to the stock market?
13.93x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
First Community Bankshares's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
First Community Bankshares's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
First Community Bankshares is overvalued based on earnings compared to the US Banks industry average.
First Community Bankshares is good value based on earnings compared to the United States of America market.
Price Based on Expected Growth
First Community Bankshares earnings are not expected to grow next year, we can't assess if its growth is good value.
Price Based on Value of Assets
First Community Bankshares is overvalued based on assets compared to the US Banks industry average.
Next Steps
Future Growth
How is First Community Bankshares expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
-8.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
First Community Bankshares's revenue is expected to grow by 1% yearly, however this is not considered high growth (20% yearly).
First Community Bankshares's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
First Community Bankshares's revenue growth is positive but not above the United States of America market average.
First Community Bankshares's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
First Community Bankshares's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
Unable to establish if First Community Bankshares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Next Steps
Past Performance
How has First Community Bankshares performed over the past 5 years?
6.7%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
First Community Bankshares's year on year earnings growth rate has been positive over the past 5 years.
First Community Bankshares's 1-year earnings growth exceeds its 5-year average (53.6% vs 6.7%)
First Community Bankshares's earnings growth has exceeded the US Banks industry average in the past year (53.6% vs 37.8%).
Return on Equity
First Community Bankshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
First Community Bankshares used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
Return on Capital Employed
Unable to establish if First Community Bankshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Next Steps
Financial Health
How is First Community Bankshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
First Community Bankshares has an acceptable proportion of non-loan assets held.
First Community Bankshares has a low allowance for bad loans.
First Community Bankshares's liabilities are made up of primarily low risk sources of funding.
First Community Bankshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
Loans at First Community Bankshares are broadly funded by customer deposits.
First Community Bankshares has an acceptable level of bad loans (less than 2%).
Next Steps
Dividend
What is First Community Bankshares's current dividend yield, its reliability and sustainability?
3.09%
Expected Dividend Yield
Dividend Yield and Payments Analysis
First Community Bankshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
First Community Bankshares's dividend is below the markets top 25% of dividend payers in United States of America (3.78%).
Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
Dividends per share have fallen over the past 10 years.
Current Payout to Shareholders
Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Next Steps
Management
What is the CEO of First Community Bankshares's salary, the management and board of directors tenure and is there insider trading?
6.5yrs
Average management tenure
CEO
Will Stafford (55yo)
5.9yrs
Tenure
US$741,398
Compensation
Mr. William P. Stafford, II, has been the Chief Executive Officer of First Community Bankshares, Inc., the holding company of First Community Bank since August 31, 2013. Mr. Stafford serves as Corporate Se ...
CEO Compensation Analysis
Will's remuneration is lower than average for companies of similar size in United States of America.
Will's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
6.5yrs
Average Tenure
51yo
Average Age
The average tenure for the First Community Bankshares management team is over 5 years, this suggests they are a seasoned and experienced team.
Board Age and Tenure
4.9yrs
Average Tenure
69yo
Average Age
The tenure for the First Community Bankshares board of directors is about average.
Insider Trading
First Community Bankshares individual insiders have sold more shares than they have bought in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Entity | Individual |
| Role | CFO & Secretary |
| Shares | 550 |
| Max Price | US$34.75 |
| Entity | Individual |
| Role | CFO & Secretary |
| Shares | 731 |
| Max Price | US$34.54 |
| Entity | Individual |
| Shares | 900 |
| Max Price | US$12.07 |
| Entity | Individual |
| Shares | 300 |
| Max Price | US$12.07 |
| Entity | Individual |
| Role | President & Director Member of the Board of Directors |
| Shares | 250 |
| Max Price | US$34.30 |
| Entity | Individual |
| Role | Chief Operating Officer |
| Shares | 8,629 |
| Max Price | US$32.92 |
| Entity | Individual |
| Role | CFO & Secretary |
| Shares | 250 |
| Max Price | US$32.85 |
| Entity | Individual |
| Role | President & Director Member of the Board of Directors |
| Shares | 250 |
| Max Price | US$32.95 |
Ownership Breakdown
Management Team
Will Stafford (55yo)
Chairman & CEO
- Tenure: 5.9yrs
- Compensation: $741.40k
Steve Lilly (60yo)
Chief Operating Officer
- Tenure: 19.1yrs
- Compensation: $544.85k
Dave Brown (44yo)
CFO & Secretary
- Tenure: 13.2yrs
- Compensation: $452.63k
Gary Mills (51yo)
President & Director
- Tenure: 5.9yrs
- Compensation: $976.99k
P. Bundy
Treasurer
- Tenure: 6.5yrs
Jason Belcher (42yo)
Chief Administrative Officer
- Compensation: $338.86k
Board Members
Richard Johnson (69yo)
Director
- Tenure: 10.8yrs
- Compensation: $128.22k
T. Foster (69yo)
Director of First Community Bank NA
Frank Tinder
Director of First Community Bank NA
Jim Atkinson (76yo)
Director of First Community Bank NA
Will Stafford (55yo)
Chairman & CEO
- Tenure: 9.5yrs
- Compensation: $741.40k
Michael Sarver (42yo)
Director
- Tenure: 3.9yrs
- Compensation: $63.73k
Samuel Campbell
Director of First Community Bank NA
C. Davis (71yo)
Director
- Tenure: 3.9yrs
- Compensation: $68.53k
Gary Mills (51yo)
President & Director
- Tenure: 2.9yrs
- Compensation: $976.99k
Sam Elmore (72yo)
Director
- Tenure: 5.9yrs
- Compensation: $69.48k
Company Information
First Community Bankshares, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: First Community Bankshares, Inc.
- Ticker: FCBC
- Exchange: NasdaqGS
- Founded: 1874
- Industry: regional banks
- Sector: banks
- Market Cap: US$499.334m
- Shares outstanding: 15.76m
- Website: Click here
Number of Employees
Location
- First Community Bankshares, Inc.
- One Community Place
- PO Box 989
- Bluefield
- Virginia
- 24605
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FCBC | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Dec 1993 |
Biography
First Community Bankshares, Inc. operates as the financial holding company for First Community Bank that provides various banking products and services. It offers demand deposit accounts, savings and money ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/07/22 23:38 |
| End of Day Share Price | 2019/07/22 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.