First Community Bankshares, Inc. (FCBC)

FCBC Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	131.91	126.73	104.57	102.83	110.45	88.81
Interest Income on Investments	13.8	10.44	9.75	2.48	3.59	6.16
Total Interest Income	145.71	137.17	114.32	105.31	114.04	94.97
Interest Paid on Deposits	18.48	9.34	1.65	2.84	5.46	5.39
Interest Paid on Borrowings	0.04	0.14	0	0	0	0.12
Total Interest Expense	18.51	9.48	1.66	2.84	5.46	5.52
Net Interest Income	127.2	127.68	112.66	102.47	108.57	89.45
Net Interest Income Growth (YoY)	0.76%	13.33%	9.94%	-5.62%	21.37%	-1.53%
Trust Income	4.29	4.18	3.86	3.85	3.42	3.42
Gain (Loss) on Sale of Assets	-	-	1.66	-	-	-
Gain (Loss) on Sale of Investments	-	-0.02	-	-	0.39	-0.04
Other Non-Interest Income	21.19	19.3	17.46	17	13.01	8.71
Total Non-Interest Income	39.52	37.45	37.18	34.3	29.83	26.68
Non-Interest Income Growth (YoY)	9.24%	0.73%	8.40%	14.98%	11.81%	0.90%
Revenues Before Loan Losses	166.71	165.14	149.85	136.78	138.41	116.14
Provision for Loan Losses	3.54	7.99	6.57	-8.47	12.67	3.57
Revenue	163.17	157.15	143.27	145.25	125.74	112.56
Revenue Growth (YoY)	7.32%	9.69%	-1.36%	15.52%	11.70%	-2.03%
Salaries and Employee Benefits	48.9	47.53	44.65	41.25	40.85	34.57
Federal Deposit Insurance	1.47	1.51	1.13	0.83	0.43	0.32
Amortization of Goodwill & Intangibles	2.13	1.73	1.45	1.45	1.45	1
Selling, General & Administrative	28.58	26.98	24.68	23.46	22.59	19.83
Other Non-Interest Expense	13.36	12.04	10.63	10.96	12.41	11.93
Total Non-Interest Expense	94.44	89.78	82.52	77.94	77.73	67.64
EBT Excluding Unusual Items	68.73	67.37	60.75	67.31	48.01	44.93
Asset Writedown	-	-	-	-0.78	-	-
Legal Settlements	-4.8	-3	-	-	-	7
Pretax Income	63.93	61.97	60.16	66.53	46.11	49.8
Income Tax Expense	13.58	13.95	13.5	15.36	10.19	10.99
Net Income	50.35	48.02	46.66	51.17	35.93	38.8
Net Income to Common	50.35	48.02	46.66	51.17	35.93	38.8
Net Income Growth	3.13%	2.91%	-8.81%	42.43%	-7.41%	6.77%
Basic Shares Outstanding	18	18	17	17	18	16
Diluted Shares Outstanding	18	18	17	17	18	16
Shares Change (YoY)	6.05%	8.84%	-4.83%	-2.32%	13.07%	-5.46%
EPS (Basic)	2.74	2.67	2.82	2.95	2.02	2.47
EPS (Diluted)	2.74	2.67	2.82	2.94	2.02	2.46
EPS Growth	-2.29%	-5.38%	-4.08%	45.54%	-17.89%	12.84%
Dividend Per Share	1.200	1.160	1.140	1.060	1.000	1.000
Dividend Growth	3.45%	1.75%	7.55%	6.00%	0%	23.46%
Effective Tax Rate	21.24%	22.52%	22.43%	23.09%	22.09%	22.08%

Source: S&P Capital IQ. Banks template. Financial Sources.