Trade First Community Bankshares Inc - FCBC CFD

First Community Bancshares Company profile

About First Community Bankshares Inc

First Community Bankshares, Inc. is a financial holding company. The Company provides banking products and services to individual and commercial customers through its subsidiary First Community Bank (the Bank), a Virginia-chartered banking institution. The Bank offers wealth management and investment advice through its Trust Division and subsidiary First Community Wealth Management. The Company is focused on building financial partnerships and creating enduring and mutually beneficial relationships with businesses and individuals through a personal and local approach to banking and financial services. Its products include demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement arrangements; commercial, consumer, and real estate mortgage loans and lines of credit; various credit card, debit card, and automated teller machine card services; corporate and personal trust services and investment management services.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, First Community Bankshares Inc interest income decreased 8% to $105.3M. Net interest income after loan loss provision increased 16% to $110.9M. Net income increased 42% to $51.2M. Net interest income after loan loss provision reflects increase in interest earning assets and decrease in interest bearing liabilities.

Equity composition

Common Stock $1 Par, 03/11, 25M auth., 18,082,822 issd., less 187,923 shs. in Treas. @ $5.9M. Insiders own 14.40%. 5/90, merger of First Comm. & Flat Top by FCFT (basis: 1.65 FCFT for 1 Flat Top share, 1 FCFT + $1.16 for 1 First Comm. share. FY'90 div. includes $1.16 divd.7/03 & 2/02, 10% divds.