First Community Bankshares Inc FCBC

FinancialsBanking ServicesUnited States of America

Last close 46.94 USD on Nov 1, 2026, +51.2% year to date

Quant rating

Quant rating D Rank 616 of 799 in Financials

Growth C 492 of 799
Valuation D 660 of 799
Quality D 715 of 799
Revisions C 548 of 799
Momentum B 303 of 799

Wall Street consensus Hold (3.00)Average target 50.00 USD +6.5%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 888M
Enterprise value: 771M
52-week range: 30.34 – 50.07
3-year range: 29.20 – 50.07
Dividend yield: 2.81%
Beta (5 years): 0.49
Shares outstanding: 18.9M
Next earnings: Jan 27, 2027

About the company

First Community Bankshares, Inc. is a financial holding company, which provides banking products and services through its wholly owned subsidiary, First Community Bank (the Bank). The Company operates in the Community Banking segment, which consists of all operations, including commercial and consumer banking, lending activities, and wealth management. The Bank offers wealth management and investment advice through its Trust Division and wholly owned subsidiary First Community Wealth Management. Its commercial loans consist of loans to small and mid-size industrial, commercial, and service companies. Its consumer real estate loans consist of loans to individuals within its market footprint for home equity loans and lines of credit and for the purpose of financing residential properties. Its consumer and other loans consist of loans to individuals that include, but are not limited to, automobiles, credit cards, personal lines of credit, boats, mobile homes, and other consumer goods.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	143	146	137	114	105	–
Revenue growth	−2.5%	6.5%	20.0%	8.6%	−7.7%	4.6%
EPS (basic, normalized)	2.79	2.89	2.90	2.78	2.99	–
EPS growth	−3.5%	−0.4%	4.3%	−6.8%	39.6%	5.4%
Gross margin	–	–	–	–	–	–
Net margin	34.2%	35.3%	35.0%	40.8%	48.6%	38.8%
ROE	–	–	10.2%	11.0%	12.0%	11.1%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	16.6%
Long-term debt (mil)	0
Net debt (mil)	–
Total equity (mil)	539
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	143	−2.5%	5.4x	27.30	−6.2%	1.7x	2.78	−0.7%	16.9x
2026	192	+34.6%	4.0x	28.82	+5.5%	1.6x	3.02	+8.5%	15.6x
2027	214	+11.5%	3.6x	28.57	−0.9%	1.6x	3.06	+1.7%	15.3x
2028	259	+21.1%	3.0x	–	–	–	3.65	+19.1%	12.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	192	+0.4%	+0.4%	+3.9%	3.02	+0.2%	+0.2%	+1.2%
2027	214	+12.4%	+12.4%	+13.9%	3.06	0.0%	0.0%	+1.2%
2028	259	–	–	–	3.65	–	–	–

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	40.9	41.3	42.0	41.7	40.5	41.0	42.2	41.9	44.8	57.2
Sales mean (mil)	39.7	41.3	41.3	40.0	40.5	40.6	40.4	41.4	44.2	51.2
Surprise	+2.9%	−0.1%	+1.8%	+4.2%	+0.1%	+1.0%	+4.4%	+1.2%	+1.2%	+11.8%
EPS reported	0.71	0.71	0.71	0.71	0.64	0.67	0.70	0.77	0.73	0.76
EPS mean	0.60	0.59	0.70	0.66	0.64	0.65	0.63	0.62	0.72	0.73
Surprise	+18.3%	+20.3%	+1.4%	+7.6%	0.0%	+3.1%	+11.1%	+24.2%	+1.4%	+3.4%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
FCBC First Community Bankshares Inc	888M	16.6%	34.2%	1.18x	15.6x	15.3x	1.6x	1.6x
FCNCA First Citizens BancShares, Inc.	28.0B	11.7%	18.2%	1.10x	11.9x	10.9x	1.3x	1.2x
UBSI United Bankshares, Inc.	6.5B	13.3%	27.6%	1.11x	13.0x	12.2x	1.2x	1.1x
AUB Atlantic Union Bankshares Corporation	5.5B	10.9%	14.4%	1.11x	10.4x	9.7x	1.1x	1.0x
WBHC Wilson Bank Holding Co	2.5B	14.3%	23.2%	1.22x	–	–	–	–
SFBS ServisFirst Bancshares Inc	4.4B	11.8%	27.9%	1.05x	12.6x	11.5x	1.6x	1.4x
Mean		13.1%	24.3%	1.13x	12.7x	11.9x	1.4x	1.3x
Median		12.6%	25.4%	1.11x	12.6x	11.5x	1.3x	1.2x

Technical analysis

1M−1.3%
3M−2.4%
1Y+54.5%
3Y+89.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, First Community Bankshares Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	143	146	137	114	105	114
Total interest expense	17.9	19.7	9.5	1.7	2.8	5.5
Net interest income	125	126	128	113	102	109
Loan loss provision	0.1	3.6	8.0	6.6	−8.5	12.7
Net interest income after loan loss provision	125	123	120	106	111	95.9
Non-interest income	42.9	39.4	37.5	37.2	34.3	29.8
Non-interest expense	−104	−96.6	−95.2	−83.1	−78.7	−79.6
Net income before taxes	63.1	65.7	62.0	60.2	66.5	46.1
Provision for taxes	14.3	14.1	14.0	13.5	15.4	10.2
Minority interest & equity in affiliates	–	–	–	–	–	–
Other	0	0	0	0	0	0
Net income before extraordinary items	48.8	51.6	48.0	46.7	51.2	35.9
Extraordinary items	–	–	–	–	–	–
Net income	48.8	51.6	48.0	46.7	51.2	35.9
Basic weighted average shares (mil)	18.3	18.3	18.0	16.5	17.3	17.8
Diluted weighted average shares (mil)	18.4	18.4	18.0	16.6	17.4	17.8
Basic EPS excluding extraordinary items	2.66	2.81	2.67	2.82	2.95	2.02
Basic EPS, normalized	2.79	2.89	2.90	2.78	2.99	2.14

Balance sheet in millions of USD, fiscal years

Balance sheet, First Community Bankshares Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	126	78.5	77.6	63.0	47.1	58.4
Other earning assets	519	469	320	408	707	482
Net loans	2,284	2,381	2,536	2,370	2,138	2,160
Property, plant & equipment	48.2	49.2	51.3	48.0	53.0	58.5
Goodwill	144	144	144	130	130	130
Intangibles	11.1	13.0	15.1	4.2	5.6	7.1
Long-term investments	–	–	–	–	–	–
Other long-term assets	–	–	–	–	–	–
Other assets	128	126	125	113	115	116
Total assets	3,260	3,261	3,269	3,136	3,195	3,011
Liabilities
Accounts payable	72.0	42.2	41.2	32.2	35.0	36.3
Payable/accrued	–	–	–	–	–	–
Accrued expenses	0.6	0.5	0.6	0.7	0.8	0.9
Total deposits	2,685	2,691	2,722	2,679	2,729	2,546
Other bearing liabilities	–	–	–	–	–	–
Short-term borrowings	1.2	0.9	1.1	1.9	1.5	1.0
Current portion of long-term debt	–	–	–	–	–	–
Long-term debt	0	0	0	0	0	0
Minority interest	–	–	–	–	–	–
Other liabilities	0	0	0	0	0	0
Total liabilities	2,759	2,735	2,765	2,714	2,767	2,584
Shareholders' equity
Preferred stock	–	–	0	–	–	–
Common stock	18.3	18.3	18.5	16.2	16.9	17.7
Additional paid-in capital	170	170	176	129	148	173
Retained earnings (accumulated deficit)	319	349	320	293	265	238
Treasury stock	–	–	–	–	–	–
Other equity	−7.5	−11.2	−11.0	−15.7	−1.5	−1.9
Total equity	501	526	503	422	428	427
Total liabilities & shareholders' equity	3,260	3,261	3,269	3,136	3,195	3,011

Cash flow statement in millions of USD, fiscal years

Cash flow statement, First Community Bankshares Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	48.8	51.6	48.0	46.7	51.2	35.9
Depreciation, depletion & amortization	5.7	6.5	5.7	5.6	5.9	5.9
Deferred taxes	–	–	–	–	–	–
Non-cash items	−0.9	−3.7	−4.2	−3.9	−1.9	−1.9
Changes in working capital	9.2	3.3	12.3	10.7	−6.9	5.9
Cash from operations	62.7	57.7	61.8	59.0	48.2	45.8
Investing activities
Capital expenditures	−2.7	−2.8	−2.8	−1.2	−3.0	−3.2
Other investing cash flows	143	267	291	−536	38.4	21.0
Cash from investing	140	264	289	−537	35.4	17.8
Financing activities
Financing cash flow items	−5.6	−31.3	−361	10.8	184	216
Cash dividends paid	−60.6	−22.0	−21.1	−18.5	−18.1	−17.9
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−1.6	−7.3	−22.9	−21.1	−28.3	−21.9
Cash from financing	−67.8	−60.6	−405	−28.8	137	176
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	135	261	−54.4	−507	221	240
Free cash flow	60.0	54.9	59.1	57.9	45.2	42.6

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.