First Community Bankshares
Market Cap
US$412.2m
Last Updated
2020/04/01 03:26 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.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -6.7% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet established dividend payer.
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
Stable Share Price: FCBC's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
5.7%
FCBC
2.9%
US Banks
5.3%
US Market
1 Year Return
-30.3%
FCBC
-27.8%
US Banks
-10.7%
US Market
Return vs Industry: FCBC underperformed the US Banks industry which returned -26.4% over the past year.
Return vs Market: FCBC underperformed the US Market which returned -10.4% over the past year.
Shareholder returns
| FCBC | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.7% | 2.9% | 5.3% |
| 30 Day | -15.3% | -26.3% | -13.6% |
| 90 Day | -25.1% | -39.3% | -19.8% |
| 1 Year | -28.1%-30.3% | -25.6%-27.8% | -8.9%-10.7% |
| 3 Year | 3.7%-5.9% | -17.1%-23.1% | 15.5%8.0% |
| 5 Year | 53.1%31.2% | 10.9%-1.7% | 35.2%20.4% |
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
2 weeks ago | Simply Wall St
First Community Bankshares (NASDAQ:FCBC) Shareholders Have Enjoyed A 41% Share Price Gain1 month ago | Simply Wall St
First Community Bankshares, Inc. (NASDAQ:FCBC) Is An Attractive Dividend Stock - Here's Why1 month ago | Simply Wall St
Be Sure To Check Out First Community Bankshares, Inc. (NASDAQ:FCBC) Before It Goes Ex-DividendValuation
Is First Community Bankshares undervalued compared to its fair value and its price relative to the market?
20.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FCBC ($23.36) is trading below our estimate of fair value ($29.23)
Significantly Below Fair Value: FCBC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FCBC is poor value based on its PE Ratio (9.4x) compared to the Banks industry average (8.9x).
PE vs Market: FCBC is good value based on its PE Ratio (9.4x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: FCBC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FCBC is overvalued based on its PB Ratio (1x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is First Community Bankshares forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
-6.7%
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 (-6.7% per year).
Earnings vs Market: FCBC's earnings are forecast to decline over the next 3 years (-6.7% per year).
High Growth Earnings: FCBC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FCBC's revenue (7.3% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: FCBC's revenue (7.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FCBC's Return on Equity is forecast to be low in 3 years time (8%).
Next Steps
Past Performance
How has First Community Bankshares performed over the past 5 years?
10.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCBC has high quality earnings.
Growing Profit Margin: FCBC's current net profit margins (34.5%) are higher than last year (31.6%).
Past Earnings Growth Analysis
Earnings Trend: FCBC's earnings have grown by 10.4% per year over the past 5 years.
Accelerating Growth: FCBC's earnings growth over the past year (6.8%) is below its 5-year average (10.4% per year).
Earnings vs Industry: FCBC earnings growth over the past year (6.8%) underperformed the Banks industry 10.9%.
Return on Equity
High ROE: FCBC's Return on Equity (9%) is considered low.
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
Inventory Level: FCBC has a low level of unsold assets or inventory.
Debt Coverage by Assets: FCBC's debt is covered by short term assets (assets are 144.2x debt).
Financial Institutions Analysis
Asset Level: FCBC's level of assets compared to its equity is low.
Allowance for Bad Loans: FCBC has a sufficient allowance for bad loans.
Low Risk Liabilities: FCBC's liabilities are made up of primarily low risk sources of funding.
Loan Level: FCBC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FCBC's loans are broadly funded by customer deposits.
Level of Bad Loans: FCBC has an appropriate level of bad loans (0.81%)
Next Steps
Dividend
What is First Community Bankshares's current dividend yield, its reliability and sustainability?
4.32%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FCBC's dividend (4.28%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: FCBC's dividend (4.28%) is low compared to the top 25% of dividend payers in the US market (5.4%).
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
Dividend Coverage: With its reasonably low payout ratio (40.4%), FCBC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FCBC's dividends in 3 years are forecast to be covered by earnings (50.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.7yrs
Average management tenure
CEO
Will Stafford (55yo)
6.67s
Tenure
US$826,936
Compensation
Mr. William P. Stafford, II, has been the Chief Executive Officer of First Community Bankshares, Inc., the holding company of First Community Bank since August 31, 2013. Mr. Stafford serves as Corporate Se ...
CEO Compensation Analysis
Compensation vs Market: Will's total compensation ($USD826.94K) is below average for companies of similar size in the US market ($USD2.12M).
Compensation vs Earnings: Will's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.67yrs | US$826.94k | 1.12% $4.6m | |
| President & Director | 3.67yrs | US$1.09m | 0.31% $1.3m | |
| Chief Financial Officer | 13.92yrs | US$534.53k | 0.14% $583.1k | |
| Chief Operating Officer | 0.25yr | US$400.43k | 0.095% $393.4k | |
| Treasurer | 7.25yrs | no data | no data | |
| Company Secretary | no data | no data | 0.029% $117.9k |
6.7yrs
Average Tenure
47.5yo
Average Age
Experienced Management: FCBC's management team is seasoned and experienced (6.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.67yrs | US$826.94k | 1.12% $4.6m | |
| President & Director | 3.67yrs | US$1.09m | 0.31% $1.3m | |
| Independent Director | 6.67yrs | US$201.34k | 0.061% $252.2k | |
| Independent Director | 4.67yrs | US$138.17k | 0.063% $259.3k | |
| Director of First Community Bank NA | no data | no data | no data | |
| Director of First Community Bank NA | no data | no data | no data | |
| Independent Director | 11.5yrs | US$200.65k | 0.19% $773.2k | |
| Director of First Community Bank NA | no data | no data | no data | |
| Director of First Community Bank NA | no data | no data | no data | |
| Independent Director | 4.67yrs | US$82.32k | 0.64% $2.6m |
5.7yrs
Average Tenure
69yo
Average Age
Experienced Board: FCBC's board of directors are considered experienced (5.6 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 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$412.205m
- Shares outstanding: 17.69m
- Website: https://www.firstcommunitybank.com
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 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. It serves individuals and businesses across various industries, such as education, government, and health services; coal mining and gas extraction; retail trade; construction; manufacturing; tourism; and transportation. As of December 31, 2018, the company operated 44 branches, including 19 branches in Virginia, 18 branches in West Virginia, 5 branches in North Carolina, and 2 branches in Tennessee. First Community Bankshares, Inc. was founded in 1874 and is headquartered in Bluefield, Virginia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/01 03:26 |
| End of Day Share Price | 2020/03/31 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.