NASDAQ$FCBC

First Community Bankshares Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported record third quarter results, highlighted by increased net income and earnings per share compared to the same quarter of the previous year.

First Community Bankshares, Inc. reported a strong third quarter with a net income of $12.61 million, or $0.73 per diluted common share, representing a 55.32% increase over the same quarter in 2020. The company also declared a quarterly cash dividend of $0.27 per common share, an 8% increase year-over-year.

  • Net income for the quarter increased by $4.34 million to $12.61 million compared to Q3 2020.
  • The company reversed $1.39 million in allowance for credit losses, a significant improvement from the $4.70 million loan loss provision in Q3 2020.
  • Diluted earnings per share increased by $0.26 to $0.73 compared to the same quarter of 2020.
  • Non-interest income for the third quarter of 2021 increased by $1.08 million, or 14.17%, compared to the prior year.

Headline financials

Total Revenue

$33.9M

Previous: $34.5M-1.8%
EPS (adj)

$0.73

Previous: $0.47+55.3%
Nonperforming Loans/Total Loans

1.1%

No prior period
Free Cash Flow

$12.6M

Previous: $8.27M+52.5%
Net Income

$12.6M

Previous: $8.27M+52.5%
Operating Income

$25.1M

Previous: $21.2M+18.3%
Gross Profit

$32.5M

Previous: $29.8M+9.1%
Cash & Equivalents

$52.7M

Previous: $52.3M+0.8%
Total Assets

$3.14B

Previous: $2.95B+6.5%
Stock-Based Comp

$159K

Previous: $263K-39.5%

Revenue & EPS history

First Community Bankshares · Revenue · Quarterly

$33.9M

Q3 2021-1.8%vs Q3 2020
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 Q3 2021

Historical avgQ3 2021

+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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