NASDAQ$FCBC

First Community Bankshares Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported net income of $9.52 million for the quarter ended March 31, 2022.

First Community Bankshares, Inc. reported a net income of $9.52 million, or $0.56 per diluted common share, for the quarter ended March 31, 2022. The company's loan portfolio increased by $78.73 million during the quarter, and it repurchased 132,000 common shares for $4.09 million. The company also declared a quarterly cash dividend of $0.27 per common share, an 8% increase over the same quarter last year.

  • Net income for the quarter was $9.52 million, a decrease compared to the same quarter of 2021.
  • The decrease in net income was primarily driven by a return to more normalized expense in the provision for credit losses.
  • Net interest margin for the first quarter was 3.55%, an increase from the previous quarter.
  • The Company’s loan portfolio increased by $78.73 million, or an annualized growth rate of 14.74%.

Headline financials

Total Revenue

$34.3M

Previous: $33.9M+1.5%
EPS (adj)

$0.56

Previous: $0.82-31.7%
Return on Avg. Assets

1.2%

No prior period
Net Interest Margin

3.5%

No prior period
Net Charge-offs to Loans

0.1%

No prior period
Nonperforming Loans/Total Loans

1.0%

No prior period
ACL to Total Loans

1.3%

No prior period
Free Cash Flow

$9.52M

Previous: $14.6M-34.8%
Net Income

$9.52M

Previous: $14.6M-34.8%
Operating Income

$27.9M

Previous: $24M+16.4%
Gross Profit

$32.4M

Previous: $29.9M+8.5%
Cash & Equivalents

$53.6M

Previous: $58.3M-8.1%
Total Assets

$3.24B

Previous: $3.14B+3.3%
Stock-Based Comp

$172K

Previous: $402K-57.2%

Revenue & EPS history

First Community Bankshares · Revenue · Quarterly

$34.3M

Q1 2022+1.5%vs Q1 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.8%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+2.5%

Avg return

30 days after

61%

40 / 66 earnings

Positive

+8.1%

Q1 2010

Best reaction

-11.8%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.0%-3.5%-1.5%
Q4 2025-1.0%+11.8%+15.6%
Q3 2025-3.5%-2.3%+0.3%
Q2 2025-2.3%-2.9%+0.6%
Q1 2025-0.4%+1.4%-4.0%
Q4 2024+3.1%+0.6%-1.1%
Q3 2024+0.7%-3.8%+7.1%
Q2 2024+2.1%+5.8%-1.9%
Q1 2024+2.8%+2.1%+4.4%
Q4 2023-1.5%+1.7%-12.1%
Q3 2023+2.6%+6.0%+10.7%
Q2 2023+4.4%+4.2%-4.0%
Q1 2023-1.4%-1.2%+13.7%
Q4 2022-1.5%-2.4%-3.6%
Q3 2022+2.0%+5.1%+5.8%
Q2 2022+3.3%+3.8%+6.1%
Q1 2022-1.7%-2.5%+4.6%
Q4 2021-2.7%-7.0%-11.3%
Q3 2021-4.8%-1.2%+9.8%
Q2 2021+0.8%+2.2%+10.8%
Q1 2021+0.0%-1.0%+8.3%
Q4 2020-3.5%-5.1%+15.5%
Q3 2020-3.4%-3.9%+15.7%
Q2 2020-1.8%-6.6%-7.8%
Q1 2020-11.8%-15.2%+0.6%
Q4 2019+2.6%+2.0%-9.9%
Q3 2019-0.4%-1.9%-5.4%
Q2 2019+5.0%+5.3%+4.3%
Q1 2019+3.6%+3.4%-1.3%
Q4 2018+3.9%+2.3%+7.9%
Q3 2018+2.0%+3.3%+2.9%
Q2 2018+4.3%+2.8%+5.7%
Q1 2018+0.9%-0.2%+10.7%
Q4 2017-2.9%-5.6%-7.9%
Q3 2017+2.9%+6.2%+0.7%
Q2 2017-0.4%+0.3%-7.8%
Q1 2017+4.4%+1.1%-2.9%
Q4 2016+5.0%+3.3%-4.8%
Q3 2016-4.9%-6.4%+18.5%
Q2 2016+0.4%+0.6%+5.0%
Q1 2016+3.2%
Q4 2015+5.5%
Q3 2015+3.9%
Q2 2015-1.4%
Q1 2015+2.3%
Q4 2014+4.5%
Q3 2014+7.3%
Q2 2014+5.9%
Q1 2014+1.0%
Q4 2012-1.1%
Q4 2013+3.5%
Q3 2013+2.4%
Q2 2013-1.0%
Q1 2013-1.0%
Q3 2012-1.7%
Q2 2012+0.5%
Q1 2011-1.9%
Q1 2012+5.1%
Q4 2009+0.3%
Q4 2010+0.3%
Q4 2011+0.3%
Q3 2010+5.2%
Q3 2011+5.2%
Q2 2010-6.9%
Q2 2011-6.9%
Q1 2010+8.1%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro