First Community Bankshares Management

Management criteria checks 3/4

First Community Bankshares' CEO is Will Stafford, appointed in Aug 2013, has a tenure of 11.25 years. total yearly compensation is $1.20M, comprised of 39.7% salary and 60.3% bonuses, including company stock and options. directly owns 1.15% of the company’s shares, worth $9.85M. The average tenure of the management team and the board of directors is 11.3 years and 9.3 years respectively.

Key information

Will Stafford

Chief executive officer

US$1.2m

Total compensation

CEO salary percentage	39.7%
CEO tenure	11.3yrs
CEO ownership	1.2%
Management average tenure	11.3yrs
Board average tenure	9.3yrs

Recent management updates

Recent updates

First Community Bankshares (NASDAQ:FCBC) Is Paying Out A Dividend Of $0.29

Jan 27

First Community Bankshares (NASDAQ:FCBC) Has Announced A Dividend Of $0.29

Jul 29

First Community Bankshares' (NASDAQ:FCBC) Upcoming Dividend Will Be Larger Than Last Year's

Jul 30

First Community Bancshares Non-GAAP EPS of $0.67, revenue of $36.4M

Jul 26

If You Like EPS Growth Then Check Out First Community Bankshares (NASDAQ:FCBC) Before It's Too Late

Sep 28

First Community Bankshares' (NASDAQ:FCBC) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 04

Some Shareholders May find It Hard To Increase First Community Bankshares, Inc.'s (NASDAQ:FCBC) CEO Compensation This Year

Apr 21

You Have To Love First Community Bankshares, Inc.'s (NASDAQ:FCBC) Dividend

Mar 23

What Kind Of Shareholders Hold The Majority In First Community Bankshares, Inc.'s (NASDAQ:FCBC) Shares?

Feb 25

Why You Might Be Interested In First Community Bankshares, Inc. (NASDAQ:FCBC) For Its Upcoming Dividend

Jan 30

Shareholders Of First Community Bankshares (NASDAQ:FCBC) Must Be Happy With Their 55% Return

Jan 07

CEO Compensation Analysis

How has Will Stafford's remuneration changed compared to First Community Bankshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$50m
Jun 30 2024	n/a	n/a	US$52m
Mar 31 2024	n/a	n/a	US$49m
Dec 31 2023	US$1m	US$477k	US$48m
Sep 30 2023	n/a	n/a	US$49m
Jun 30 2023	n/a	n/a	US$48m
Mar 31 2023	n/a	n/a	US$49m
Dec 31 2022	US$970k	US$458k	US$47m
Sep 30 2022	n/a	n/a	US$45m
Jun 30 2022	n/a	n/a	US$44m
Mar 31 2022	n/a	n/a	US$46m
Dec 31 2021	US$691k	US$428k	US$51m
Sep 30 2021	n/a	n/a	US$52m
Jun 30 2021	n/a	n/a	US$48m
Mar 31 2021	n/a	n/a	US$43m
Dec 31 2020	US$867k	US$420k	US$36m
Sep 30 2020	n/a	n/a	US$34m
Jun 30 2020	n/a	n/a	US$35m
Mar 31 2020	n/a	n/a	US$37m
Dec 31 2019	US$827k	US$420k	US$39m
Sep 30 2019	n/a	n/a	US$39m
Jun 30 2019	n/a	n/a	US$38m
Mar 31 2019	n/a	n/a	US$37m
Dec 31 2018	US$741k	US$420k	US$36m
Sep 30 2018	n/a	n/a	US$28m
Jun 30 2018	n/a	n/a	US$27m
Mar 31 2018	n/a	n/a	US$24m
Dec 31 2017	US$668k	US$400k	US$21m

Compensation vs Market: Will's total compensation ($USD1.20M) is below average for companies of similar size in the US market ($USD3.19M).

Compensation vs Earnings: Will's compensation has increased by more than 20% in the past year.

CEO

Will Stafford (60 yo)

11.3yrs

Tenure

US$1,200,029

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...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William Stafford	Chairman & CEO	11.3yrs	US$1.20m	1.15% $ 9.9m
Gary Mills	President & Director	11.3yrs	US$1.31m	0.34% $ 2.9m
David Brown	Chief Financial Officer	18.5yrs	US$687.56k	0.10% $ 868.1k
Jason Belcher	Chief Operating Officer	4.8yrs	US$590.46k	0.11% $ 913.8k
Sarah Harmon	Chief Administrative Officer	6.8yrs	US$522.76k	0.034% $ 291.0k
Derek Bonnett	Chief Risk Officer	3.8yrs	no data	0.0083% $ 70.9k
P. Bundy	Treasurer	11.8yrs	no data	no data

11.3yrs

Average Tenure

49yo

Average Age

Experienced Management: FCBC's management team is seasoned and experienced (11.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
William Stafford	Chairman & CEO	30.8yrs	US$1.20m	1.15% $ 9.9m
Gary Mills	President & Director	8.3yrs	US$1.31m	0.34% $ 2.9m
Samuel Elmore	Vice Chairman & Lead Independent Director	11.3yrs	US$248.78k	0.098% $ 839.9k
C. Davis	Independent Director	9.3yrs	US$73.04k	0.097% $ 831.3k
Frank Tinder	Director of First Community Bank NA	no data	no data	no data
Richard Johnson	Independent Director	16.1yrs	US$109.16k	0.32% $ 2.7m
James Atkinson	Director of First Community Bank NA	no data	no data	no data
Samuel Campbell	Director of First Community Bank NA	no data	no data	no data
Richard Jarrell	Director of First Community Bank NA	no data	no data	no data
Michael Sarver	Independent Director	9.3yrs	US$105.82k	0.63% $ 5.4m
Harriet Price	Independent Director	3.8yrs	US$80.79k	0.0027% $ 23.4k
Beth Taylor	Independent Director	2.8yrs	US$78.78k	0.16% $ 1.4m

9.3yrs

Average Tenure

68yo

Average Age

Experienced Board: FCBC's board of directors are considered experienced (9.3 years average tenure).

First Community Bankshares Management

Management criteria checks 3/4

Key information

Recent management updates

First Community Bankshares, Inc., Annual General Meeting, Apr 23, 2024

Insufficient new directors

Independent Director recently bought US$135k worth of stock

Insufficient new directors

Independent Director exercised options to buy US$164k worth of stock.

Independent Director exercised options to buy US$164k worth of stock.

Recent updates

Price target increased by 8.9% to US$49.00

Investor sentiment improves as stock rises 15%

New major risk - Revenue and earnings growth

Third quarter dividend of US$0.31 announced

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

First Community Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on or About November 22, 2024

Second quarter dividend increased to US$0.31

Second quarter 2024 earnings: EPS exceeds analyst expectations

First Community Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on or About August 23, 2024

Investor sentiment improves as stock rises 15%

Price target increased by 9.1% to US$36.00

First quarter dividend of US$0.29 announced

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

First Community Bankshares, Inc. Declares a Quarterly Cash Dividend to Common Shareholders, Payable on or About May 24, 2024

Price target decreased by 11% to US$33.00

First Community Bankshares, Inc., Annual General Meeting, Apr 23, 2024

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Insufficient new directors

Upcoming dividend of US$0.29 per share at 3.4% yield

First Community Bankshares (NASDAQ:FCBC) Is Paying Out A Dividend Of $0.29

Fourth quarter dividend of US$0.29 announced

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

First Community Bankshares, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023

Price target increased by 17% to US$35.00

Upcoming dividend of US$0.29 per share at 3.6% yield

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

First Community Bankshares, Inc. Reports Net Charge-Offs for the Third Quarter Ended September 30, 2023

Upcoming dividend of US$0.29 per share at 3.4% yield

First Community Bankshares (NASDAQ:FCBC) Has Announced A Dividend Of $0.29

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

First Community Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on or About August 25, 2023

Price target increased by 12% to US$28.00

Investor sentiment improves as stock rises 17%

Upcoming dividend of US$0.29 per share at 4.9% yield

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.29 per share at 3.6% yield

First Community Bankshares, Inc. Announces Net Charge-Offs for the Fourth Quarter of 2022

Now 22% undervalued

First Community Bankshares, Inc. (NasdaqGS:FCBC) entered into an agreement and plan of merger to acquire Surrey Bancorp (OTCPK:SRYB) for approximately $120 million.

Now 20% undervalued

Now 20% undervalued

Third quarter 2022 earnings released: EPS: US$0.81 (vs US$0.73 in 3Q 2021)

First Community Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on or About November 18, 2022

First Community Bankshares' (NASDAQ:FCBC) Upcoming Dividend Will Be Larger Than Last Year's

Second quarter 2022 earnings released: EPS: US$0.67 (vs US$0.77 in 2Q 2021)

First Community Bankshares, Inc. Reports Charge Offs for the Second Quarter Ended June 30, 2022

First Community Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on or about August 19, 2022

First Community Bancshares Non-GAAP EPS of $0.67, revenue of $36.4M

First Community Bankshares, Inc. (NasdaqGS : FCBC) agreed to acquire Certain Assets, Deposits and Other Liabilities of Two South Texas Branches of Investar Bank, National Association.

Independent Director recently bought US$135k worth of stock

Price target decreased to US$32.00

First Community Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on May 6, 2022

Price target decreased to US$32.00

Full year 2021 earnings: EPS misses analyst expectations

Upcoming dividend of US$0.27 per share

Full year 2021 earnings: EPS misses analyst expectations

Insufficient new directors

Independent Director exercised options to buy US$164k worth of stock.

Independent Director exercised options to buy US$164k worth of stock.

Chairman & CEO exercised options to buy US$317k worth of stock.

Third quarter 2021 earnings released: EPS US$0.73 (vs US$0.47 in 3Q 2020)

If You Like EPS Growth Then Check Out First Community Bankshares (NASDAQ:FCBC) Before It's Too Late

First Community Bankshares' (NASDAQ:FCBC) Shareholders Will Receive A Bigger Dividend Than Last Year

Second quarter 2021 earnings released: EPS US$0.77 (vs US$0.47 in 2Q 2020)

Consensus forecasts updated

First quarter 2021 earnings released: EPS US$0.83 (vs US$0.44 in 1Q 2020)

First Community Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on or About May 21, 2021

Some Shareholders May find It Hard To Increase First Community Bankshares, Inc.'s (NASDAQ:FCBC) CEO Compensation This Year

You Have To Love First Community Bankshares, Inc.'s (NASDAQ:FCBC) Dividend