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Last $17.73 USD
Change Today +0.02 / 0.11%
Volume 2.5K
FCBC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 11:14 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

first community bancshares (FCBC) Snapshot

Open
$17.51
Previous Close
$17.71
Day High
$17.74
Day Low
$17.51
52 Week High
06/26/15 - $18.80
52 Week Low
10/1/14 - $14.05
Market Cap
328.5M
Average Volume 10 Days
27.0K
EPS TTM
$1.54
Shares Outstanding
18.5M
EX-Date
08/5/15
P/E TM
11.5x
Dividend
$0.56
Dividend Yield
2.99%
Current Stock Chart for FIRST COMMUNITY BANCSHARES (FCBC)

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first community bancshares (FCBC) Details

First Community Bancshares, Inc. operates as a financial holding company for First Community Bank that provides various commercial and consumer banking products and services. The company offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services. It also provides wealth management services, including trust management, estate administration, and investment advisory services. In addition, the company, through its subsidiary Greenpoint Insurance Group, Inc., operates an insurance agency that offers life, health, and property and casualty insurance products. It serves individuals and businesses across various industries, such as manufacturing, mining, services, construction, retail, healthcare, military, and transportation. As of June 30, 2015, the company served its customers through 62 locations in Virginia, West Virginia, North Carolina, and Tennessee. First Community Bancshares, Inc. was founded in 1874 and is headquartered in Bluefield, Virginia.

677 Employees
Last Reported Date: 08/7/15
Founded in 1874

first community bancshares (FCBC) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $200.0K
President, Chief Executive Officer of First C...
Total Annual Compensation: $300.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $225.0K
Chief Operating Officer, Chief Operating Offi...
Total Annual Compensation: $252.0K
President of First Community Bank NA and Dire...
Total Annual Compensation: $255.0K
Compensation as of Fiscal Year 2014.

first community bancshares (FCBC) Key Developments

First Community Bancshares, Inc. Declares A Quarterly Cash Dividend, Payable on or About August 21, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Impairment Charges for the Second Quarter Ended June 30, 2015

First Community Bancshares, Inc. announced that the Board of Directors declared a quarterly cash dividend to common shareholders of $0.14 per common share, an increase of 8% over last quarter and last year. The quarterly dividend is payable to common shareholders of record on August 7, 2015, and is expected to be paid on or about August 21, 2015. The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income decreased $21,070,000 against $22,068,000 a year ago. Net interest income after provision for loan losses was $20,794,000 against $20,789,000 a year ago. Income before income taxes was $8,642,000 against $10,230,000 a year ago. Net income available to common shareholders was $6,175,000 against $6,780,000 a year ago. Diluted earnings per common share were $0.33 against $0.36 a year ago. Return on average assets was 0.98% against 1.06% a year ago. Return on average common equity was 7.11% against 8.38% a year ago. Core earnings, non-GAAP was $6,104,000 against $6,868,000 a year ago. Core return on average assets was 0.96% against 1.07% a year ago. Core return on average common equity was 7.00% against 8.49% a year ago. Core return on average tangible common equity was 10.07% against 12.73% a year ago. Core diluted earnings per common share was $0.32 against $0.35 a year ago. For the six months, the company reported net interest income decreased $41,909,000 against $44,093,000 a year ago. Net interest income after provision for loan losses was $40,533,000 against $41,021,000 a year ago. Income before income taxes was $17,437,000 against $18,516,000 a year ago. Net income available to common shareholders was $12,028,000 against $12,277,000 a year ago. Diluted earnings per common share were $0.64 against $0.65 a year ago. Return on average assets was 0.94% against 0.95% a year ago. Return on average common equity was 6.92% against 7.32% a year ago. Book value per common share increased 2.33% to $18.48, compared with $18.06 as of December 31, 2014. Tangible book value per common share increased 1.59% to $12.76, compared with $12.56 as of December 31, 2014. Core earnings, non-GAAP was $12,111,000 against $12,730,000 a year ago. Core return on average assets was 0.95% against 0.99% a year ago. Core return on average common equity was 6.94% against 8.00% a year ago. Core return on average tangible common equity was 9.97% against 12.06% a year ago. Core diluted earnings per common share was $0.63 against $0.65 a year ago. The company realized net charge-offs of $270,000 in the second quarter of 2015, a decrease of $758,000, or 73.74%, compared to $1.03 million in the same quarter of 2014.

First Community Bancshares Receives Non-Compliance Notice From NASDAQ

On May 27, 2015, First Community Bancshares, Inc. notified The NASDAQ Stock Market LLC (Nasdaq) of the death of Franklin P. Hall on May 25, 2015. At the time of his death, Mr. Hall was a director of the Company and a member of its Audit Committee. In that notice, the Company further notified Nasdaq that as a result of Mr. Hall’s passing the Company temporarily no longer complies with Nasdaq’s independent director and audit committee requirements as set forth in Listing Rule 5605. On June 8, 2015, the Company received notice (the “Notice”) from Nasdaq confirming that, due to Mr. Hall’s passing, the Company no longer complies with Nasdaq’s independent director and audit committee requirements as set forth in Listing Rule 5605. Consistent with Listing Rules 5605(b)(1)(A) and 5605(c)(4), Nasdaq will provide the Company a cure period in order to regain compliance with the independent director and audit committee requirements. Pursuant to the Notice, the Company will have until the earlier of the Company’s next annual shareholders’ meeting or May 26, 2016, to regain compliance with this listing rule. The Company fully intends to regain compliance with the director and audit committee requirements substantially before such cure period expires.

First Community Bancshares, Inc. and First Community Bank Announce Demise of Franklin P. Hall, Board of Director

On May 26, 2015, First Community Bancshares, Inc. learned of the death of Franklin P. Hall, a deeply respected and highly regarded member of the Board of Directors of the Company and its subsidiary, First Community Bank.

 

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Industry Analysis

FCBC

Industry Average

Valuation FCBC Industry Range
Price/Earnings 13.9x
Price/Sales 2.8x
Price/Book 0.9x
Price/Cash Flow 13.0x
TEV/Sales 0.2x
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