NASDAQ$FCBC

First Community Bankshares Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported an increase in net income and declared a quarterly cash dividend and stock repurchase plan.

First Community Bankshares, Inc. reported net income of $11.55 million, or $0.65 per diluted common share, for the quarter ended December 31, 2020, which was an increase of $0.04, or 6.56%, over the same quarter of 2019. The Company also declared a quarterly cash dividend to common shareholders of twenty-five cents ($0.25) per common share and authorized the repurchase of up to 2.4 million shares of the Company's outstanding common stock.

  • Net income increased by 6.56% compared to the same quarter of 2019.
  • Booked $63.56 million of new residential mortgage loans during the fourth quarter.
  • Commercial and consumer COVID-19 loan deferrals decreased significantly from $436.11 million at June 30, 2020, to $26.54 million and $5.72 million, respectively, as of December 31, 2020.
  • Return on average assets remained strong at 1.54% for the fourth quarter.

Headline financials

Total Revenue

$35.5M

Previous: $31.4M+13.0%
EPS (adj)

$0.65

Previous: $0.54+20.4%
Return on Avg. Assets

1.5%

Previous: 1.7%-9.9%
Net Interest Margin

4.2%

Previous: 4.5%-6.5%
Net Income

$11.6M

Previous: $9.56M+20.8%
Cash & Equivalents

$58.4M

Previous: $217M-73.1%
Total Assets

$3.01B

Previous: $2.8B+7.5%
Stock-Based Comp

$275K

Previous: $259K+6.2%

Revenue & EPS history

First Community Bankshares · Revenue · Quarterly

$35.5M

Q4 2020+13%vs Q4 2019
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

This news release may include forward-looking statements that are based on current expectations and involve risks, uncertainties, and assumptions.

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 Q4 2020

Historical avgQ4 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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