First Community Bankshares Third Quarter 2024 Earnings: Beats Expectations

First Community Bankshares (NASDAQ:FCBC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$40.7m (down 2.8% from 3Q 2023).
• Net income: US$13.0m (down 11% from 3Q 2023).
• Profit margin: 32% (down from 35% in 3Q 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: US$0.71 (down from US$0.78 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

First Community Bankshares Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 6.6% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 4.7% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for First Community Bankshares you should be aware of.

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