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1. Company Snapshot

1.a. Company Description

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, 2021, the company operated 49 branches, including 17 branches in West Virginia, 23 branches in Virginia, 7 branches in North Carolina, and 2 branches in Tennessee.


First Community Bankshares, Inc.was founded in 1874 and is headquartered in Bluefield, Virginia.

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1.b. Last Insights on FCBC

First Community Bankshares, Inc.'s recent earnings report highlighted softness in its quarterly results, with net income of $13.04 million, or $0.71 per diluted common share, missing analyst estimates. The company's full-year 2024 results were also lackluster, with net income of $51.60 million or $2.80 per diluted common share. The bank's decision to pay a special dividend may have been a positive, but the lack of growth in its core business may be a concern for investors.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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First Community Bankshares, Inc. Announces Third Quarter 2025 Results and Quarterly Cash Dividend

Oct -28

Source: globenewswire.com

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First Community Bankshares, Inc. Announces Second Quarter 2025 Results and Quarterly Cash Dividend

Jul -22

Source: globenewswire.com

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First Community Bankshares, Inc. Announces Acquisition of Hometown Bancshares, Inc.

Jul -21

Source: globenewswire.com

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First Community Bankshares, Inc. Announces First Quarter 2025 Results and Quarterly Cash Dividend

Apr -22

Source: globenewswire.com

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First Community Bankshares, Inc. Announces Fourth Quarter and Full Year 2024 Results, Quarterly Cash Dividend, and Special Dividend

Jan -28

Source: globenewswire.com

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First Community Bankshares, Inc. Announces Third Quarter 2024 Results and Quarterly Cash Dividend

Oct -22

Source: globenewswire.com

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First Community Bankshares, Inc. Announces Second Quarter 2024 Results and Quarterly Cash Dividend

Jul -23

Source: globenewswire.com

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New Strong Buy Stocks for June 17th

Jun -17

Source: zacks.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.77%)

6. Segments

Community Banking

Expected Growth: 4.77%

Strong loan growth, driven by commercial and industrial lending, and a robust deposit franchise, supported by a loyal customer base, contribute to First Community Bankshares, Inc.'s 4.77% community banking growth. Additionally, effective cost management and a solid net interest margin expansion also support this growth.

7. Detailed Products

Personal Banking

First Community Bankshares, Inc. offers a range of personal banking services, including checking and savings accounts, credit cards, personal loans, and mortgages.

Business Banking

The company provides business banking services, including business checking and savings accounts, commercial loans, credit cards, and cash management solutions.

Wealth Management

First Community Bankshares, Inc. offers wealth management services, including investment management, trust services, and retirement planning.

Mortgage Lending

The company provides mortgage lending services, including residential and commercial mortgage loans, construction loans, and home equity loans.

Insurance Services

First Community Bankshares, Inc. offers insurance services, including life insurance, long-term care insurance, and annuities.

Treasury Management

The company provides treasury management services, including cash management, wire transfer services, and account reconciliation.

8. First Community Bankshares, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for First Community Bankshares, Inc. is medium due to the presence of alternative financial institutions and digital payment systems.

Bargaining Power Of Customers

The bargaining power of customers for First Community Bankshares, Inc. is low due to the lack of concentration of buyers and the limited ability of individual customers to influence prices.

Bargaining Power Of Suppliers

The bargaining power of suppliers for First Community Bankshares, Inc. is medium due to the presence of multiple suppliers of technology and services, but the high switching costs for the bank.

Threat Of New Entrants

The threat of new entrants for First Community Bankshares, Inc. is low due to the high barriers to entry, including regulatory hurdles and the need for significant capital investment.

Intensity Of Rivalry

The intensity of rivalry for First Community Bankshares, Inc. is high due to the presence of many competitors in the banking industry, leading to a highly competitive market.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 0.25%
Debt Cost 6.52%
Equity Weight 99.75%
Equity Cost 6.52%
WACC 6.52%
Leverage 0.25%

11. Quality Control: First Community Bankshares, Inc. passed 6 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Momentum: 7.5

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A-Score: 6.1/10

Value: 5.9

Growth: 4.4

Quality: 8.1

Yield: 9.0

Momentum: 1.5

Volatility: 7.7

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Quality: 5.6

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

32.82$

Current Price

32.82$

Potential

-0.00%

Expected Cash-Flows