NASDAQ$FCBC

First Community Bankshares Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported net income of $8.24 million, or $0.46 per diluted common share for Q2 2020.

First Community Bankshares, Inc. reported a net income of $8.24 million, or $0.46 per diluted common share, for the quarter ended June 30, 2020. The company's social distancing practices and remote working environments continue. A quarterly cash dividend of $0.25 per common share was declared.

  • Net income was $8.24 million, or $0.46 per diluted common share.
  • Declared a quarterly cash dividend of $0.25 per common share.
  • Implemented social distancing practices and remote working environments.
  • Incurred approximately $612 thousand in additional expenses related to COVID-19.

Headline financials

Total Revenue

$33.3M

Previous: $31.6M+5.1%
EPS (adj)

$0.46

Previous: $0.66-30.3%
Return on Avg. Assets

1.1%

No prior period
Net Interest Margin

4.2%

Previous: 4.7%-10.6%
Free Cash Flow

$8.24M

Previous: $10.5M-21.2%
Net Income

$8.24M

Previous: $10.5M-21.2%
Operating Income

$22.2M

Previous: $22.9M-2.8%
Gross Profit

$29.4M

Previous: $30.1M-2.1%
Cash & Equivalents

$59.8M

Previous: $156M-61.8%
Total Assets

$2.95B

Previous: $2.21B+33.3%
Stock-Based Comp

$266K

Previous: $149K+78.5%

Revenue & EPS history

First Community Bankshares · Revenue · Quarterly

$33.3M

Q2 2020+5.1%vs Q2 2019
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

The company has temporarily delayed consideration of a new share repurchase authorization to preserve and further accumulate surplus capital due to the uncertain economic forecast.

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 Q2 2020

Historical avgQ2 2020

+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%

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