Snowflake Score | |
---|---|
Valuation | 2/6 |
Future Growth | 0/6 |
Past Performance | 3/6 |
Financial Health | 6/6 |
Dividends | 4/6 |
FCBC Stock Overview
First Community Bankshares, Inc. operates as the financial holding company for First Community Bank that provides various banking products and services.
First Community Bankshares Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | US$29.79 |
52 Week High | US$36.73 |
52 Week Low | US$26.51 |
Beta | 0.54 |
1 Month Change | 4.27% |
3 Month Change | 6.93% |
1 Year Change | 0.71% |
3 Year Change | -9.37% |
5 Year Change | 7.97% |
Change since IPO | 193.34% |
Recent News & Updates
Shareholder Returns
FCBC | US Banks | US Market | |
---|---|---|---|
7D | 2.6% | -1.4% | -2.2% |
1Y | 0.7% | -18.3% | -19.1% |
Return vs Industry: FCBC exceeded the US Banks industry which returned -18.3% over the past year.
Return vs Market: FCBC exceeded the US Market which returned -21.2% over the past year.
Price Volatility
FCBC volatility | |
---|---|
FCBC Average Weekly Movement | 3.6% |
Banks Industry Average Movement | 3.9% |
Market Average Movement | 8.1% |
10% most volatile stocks in US Market | 16.9% |
10% least volatile stocks in US Market | 3.3% |
Stable Share Price: FCBC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FCBC's weekly volatility (4%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
1874 | 610 | Will Stafford | https://www.firstcommunitybank.com |
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 market accounts, certificates of deposit, and individual retirement arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services. The company also provides wealth management services, including trust management, estate administration, and investment advisory services; and investment management services.
First Community Bankshares Fundamentals Summary
FCBC fundamental statistics | |
---|---|
Market Cap | US$498.55m |
Earnings (TTM) | US$46.08m |
Revenue (TTM) | US$139.78m |
10.8x
P/E Ratio1.2x
P/B RatioIs FCBC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
FCBC income statement (TTM) | |
---|---|
Revenue | US$139.78m |
Cost of Revenue | US$0 |
Gross Profit | US$139.78m |
Other Expenses | US$93.70m |
Earnings | US$46.08m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
Earnings per share (EPS) | 2.75 |
Gross Margin | 100.00% |
Net Profit Margin | 32.97% |
Debt/Equity Ratio | 0.6% |
How did FCBC perform over the long term?
See historical performance and comparisonDividends
3.6%
Current Dividend Yield40%
Payout RatioValuation
Is FCBC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FCBC?
Other financial metrics that can be useful for relative valuation.
What is FCBC's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | US$498.55m |
Key Statistics | |
---|---|
Enterprise Value/Revenue | n/a |
Enterprise Value/EBITDA | n/a |
PEG Ratio | -6.1x |
Price to Earnings Ratio vs Peers
How does FCBC's PE Ratio compare to its peers?
FCBC PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 9.2x | ||
MBWM Mercantile Bank | 9.2x | 7.3% | US$517.3m |
AROW Arrow Financial | 10.5x | 3.9% | US$517.5m |
PGC Peapack-Gladstone Financial | 9.2x | 15.2% | US$525.2m |
MCBS MetroCity Bankshares | 7.7x | -0.5% | US$522.5m |
FCBC First Community Bankshares | 10.8x | -1.8% | US$498.5m |
Price-To-Earnings vs Peers: FCBC is expensive based on its Price-To-Earnings Ratio (10.8x) compared to the peer average (9.2x).
Price to Earnings Ratio vs Industry
How does FCBC's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: FCBC is expensive based on its Price-To-Earnings Ratio (10.8x) compared to the US Banks industry average (9.5x)
Price to Earnings Ratio vs Fair Ratio
What is FCBC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 10.8x |
Fair PE Ratio | 10.5x |
Price-To-Earnings vs Fair Ratio: FCBC is expensive based on its Price-To-Earnings Ratio (10.8x) compared to the estimated Fair Price-To-Earnings Ratio (10.5x).
Share Price vs Fair Value
What is the Fair Price of FCBC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FCBC ($29.79) is trading below our estimate of fair value ($49.94)
Significantly Below Fair Value: FCBC is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: FCBC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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Future Growth
How is First Community Bankshares forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-1.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FCBC's earnings are forecast to decline over the next 3 years (-1.8% per year).
Earnings vs Market: FCBC's earnings are forecast to decline over the next 3 years (-1.8% per year).
High Growth Earnings: FCBC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FCBC's revenue (2.7% per year) is forecast to grow slower than the US market (8.2% per year).
High Growth Revenue: FCBC's revenue (2.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FCBC's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has First Community Bankshares performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
14.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCBC has high quality earnings.
Growing Profit Margin: FCBC's current net profit margins (33%) are higher than last year (32.3%).
Past Earnings Growth Analysis
Earnings Trend: FCBC's earnings have grown by 14.6% per year over the past 5 years.
Accelerating Growth: FCBC's earnings growth over the past year (8%) is below its 5-year average (14.6% per year).
Earnings vs Industry: FCBC earnings growth over the past year (8%) underperformed the Banks industry 20.8%.
Return on Equity
High ROE: FCBC's Return on Equity (10.9%) is considered low.
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Financial Health
How is First Community Bankshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
6/6Financial Health Score 6/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: FCBC's Assets to Equity ratio (7.6x) is low.
Allowance for Bad Loans: FCBC has a sufficient allowance for bad loans (134%).
Low Risk Liabilities: 99% of FCBC's liabilities are made up of primarily low risk sources of funding.
Loan Level: FCBC has an appropriate level of Loans to Assets ratio (68%).
Low Risk Deposits: FCBC's Loans to Deposits ratio (80%) is appropriate.
Level of Bad Loans: FCBC has an appropriate level of bad loans (1%).
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Dividend
What is First Community Bankshares's current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
3.62%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FCBC's dividend (3.63%) is higher than the bottom 25% of dividend payers in the US market (1.6%).
High Dividend: FCBC's dividend (3.63%) is low compared to the top 25% of dividend payers in the US market (4.25%).
Stability and Growth of Payments
Stable Dividend: FCBC's dividends per share have been stable in the past 10 years.
Growing Dividend: FCBC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (40.1%), FCBC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
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Management
How experienced are the management team and are they aligned to shareholders interests?
8.9yrs
Average management tenure
CEO
Will Stafford (58 yo)
8.92yrs
Tenure
US$690,996
Compensation
Mr. William P. Stafford, II, also known as Will, has been the Chief Executive Officer of First Community Bankshares, Inc., the holding company of First Community Bank since August 31, 2013. Mr. Stafford se...
CEO Compensation Analysis
Compensation vs Market: Will's total compensation ($USD691.00K) is below average for companies of similar size in the US market ($USD2.92M).
Compensation vs Earnings: Will's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: FCBC's management team is seasoned and experienced (8.9 years average tenure).
Board Members
Experienced Board: FCBC's board of directors are considered experienced (6.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FCBC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
First Community Bankshares, Inc.'s 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
- Implied Market Cap: US$498.547m
- Shares outstanding: 16.74m
- Website: https://www.firstcommunitybank.com
Number of Employees
Location
- First Community Bankshares, Inc.
- One Community Place
- PO Box 989
- Bluefield
- Virginia
- 24605-0989
- United States
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/07/04 00:00 |
End of Day Share Price | 2022/07/01 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
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.