First Community Bancshares Inc (FCBC) - Net Assets
Based on the latest financial reports, First Community Bancshares Inc (FCBC) has net assets worth $510.73 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.19 Billion) and total liabilities ($2.68 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check FCBC goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $510.73 Million |
| % of Total Assets | 16.01% |
| Annual Growth Rate | 6.54% |
| 5-Year Change | 23.35% |
| 10-Year Change | 53.46% |
| Growth Volatility | 8.17 |
First Community Bancshares Inc - Net Assets Trend (1996–2024)
This chart illustrates how First Community Bancshares Inc's net assets have evolved over time, based on quarterly financial data. See First Community Bancshares Inc defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for First Community Bancshares Inc (1996–2024)
The table below shows the annual net assets of First Community Bancshares Inc from 1996 to 2024. For live valuation and market cap data, see FCBC stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $526.39 Million | +4.59% |
| 2023-12-31 | $503.29 Million | +19.27% |
| 2022-12-31 | $421.99 Million | -1.35% |
| 2021-12-31 | $427.77 Million | +0.24% |
| 2020-12-31 | $426.73 Million | -0.49% |
| 2019-12-31 | $428.82 Million | +28.83% |
| 2018-12-31 | $332.86 Million | -5.09% |
| 2017-12-31 | $350.71 Million | +3.44% |
| 2016-12-31 | $339.06 Million | -1.15% |
| 2015-12-31 | $343.02 Million | -2.38% |
| 2014-12-31 | $351.37 Million | +6.93% |
| 2013-12-31 | $328.61 Million | -7.82% |
| 2012-12-31 | $356.47 Million | +16.60% |
| 2011-12-31 | $305.73 Million | +13.28% |
| 2010-12-31 | $269.88 Million | +6.31% |
| 2009-12-31 | $253.86 Million | +15.21% |
| 2008-12-31 | $220.34 Million | +1.49% |
| 2007-12-31 | $217.10 Million | +2.05% |
| 2006-12-31 | $212.73 Million | +9.37% |
| 2005-12-31 | $194.50 Million | +6.15% |
| 2004-12-31 | $183.23 Million | +4.68% |
| 2003-12-31 | $175.03 Million | +14.81% |
| 2002-12-31 | $152.46 Million | +14.60% |
| 2001-12-31 | $133.04 Million | +10.24% |
| 2000-12-31 | $120.68 Million | +16.61% |
| 1999-12-31 | $103.49 Million | +1.72% |
| 1998-12-31 | $101.74 Million | +3.93% |
| 1997-12-31 | $97.89 Million | +9.59% |
| 1996-12-31 | $89.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Community Bancshares Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 646.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $349.49 Million | 66.39% |
| Common Stock | $18.32 Million | 3.48% |
| Other Comprehensive Income | $-11.17 Million | -2.12% |
| Other Components | $169.75 Million | 32.25% |
| Total Equity | $526.39 Million | 100.00% |
First Community Bancshares Inc Competitors by Market Cap
The table below lists competitors of First Community Bancshares Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chahua Modern Housewares Co Ltd
SHG:603615
|
$633.76 Million |
|
Hainan Haiqi Transportation Group Co Ltd
SHG:603069
|
$633.96 Million |
|
Obrascon Huarte Lain SA
MC:OHLA
|
$633.99 Million |
|
Zhejiang MustangBattery Co.Ltd
SHG:605378
|
$634.07 Million |
|
Qurient Co. Ltd
KQ:115180
|
$633.54 Million |
|
Luoxin Pharmaceuticals Group Stock Co Ltd
SHE:002793
|
$633.41 Million |
|
Sapphire Foods India Limited
NSE:SAPPHIRE
|
$633.40 Million |
|
Shenzhen SDG Service Co. Ltd.
SHE:300917
|
$633.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Community Bancshares Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 503,294,000 to 526,392,000, a change of 23,098,000 (4.6%).
- Net income of 51,604,000 contributed positively to equity growth.
- Dividend payments of 22,017,000 reduced retained earnings.
- Share repurchases of 8,717,000 reduced equity.
- Other comprehensive income decreased equity by 220,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $51.60 Million | +9.8% |
| Dividends Paid | $22.02 Million | -4.18% |
| Share Repurchases | $8.72 Million | -1.66% |
| Other Comprehensive Income | $-220.00K | -0.04% |
| Other Changes | $2.45 Million | +0.47% |
| Total Change | $- | 4.59% |
Book Value vs Market Value Analysis
This analysis compares First Community Bancshares Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.51x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.10x to 1.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $10.50 | $43.06 | x |
| 1997-12-31 | $9.16 | $43.06 | x |
| 1998-12-31 | $9.55 | $43.06 | x |
| 1999-12-31 | $9.69 | $43.06 | x |
| 2000-12-31 | $11.42 | $43.06 | x |
| 2001-12-31 | $12.12 | $43.06 | x |
| 2002-12-31 | $14.16 | $43.06 | x |
| 2003-12-31 | $13.97 | $43.06 | x |
| 2004-12-31 | $16.14 | $43.06 | x |
| 2005-12-31 | $17.15 | $43.06 | x |
| 2006-12-31 | $18.86 | $43.06 | x |
| 2007-12-31 | $19.22 | $43.06 | x |
| 2008-12-31 | $19.79 | $43.06 | x |
| 2009-12-31 | $17.07 | $43.06 | x |
| 2010-12-31 | $15.14 | $43.06 | x |
| 2011-12-31 | $16.36 | $43.06 | x |
| 2012-12-31 | $17.41 | $43.06 | x |
| 2013-12-31 | $15.68 | $43.06 | x |
| 2014-12-31 | $18.03 | $43.06 | x |
| 2015-12-31 | $18.32 | $43.06 | x |
| 2016-12-31 | $19.52 | $43.06 | x |
| 2017-12-31 | $20.54 | $43.06 | x |
| 2018-12-31 | $19.97 | $43.06 | x |
| 2019-12-31 | $27.22 | $43.06 | x |
| 2020-12-31 | $23.95 | $43.06 | x |
| 2021-12-31 | $24.58 | $43.06 | x |
| 2022-12-31 | $25.48 | $43.06 | x |
| 2023-12-31 | $27.92 | $43.06 | x |
| 2024-12-31 | $28.56 | $43.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Community Bancshares Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.80%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.34%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 6.20x
- Recent ROE (9.80%) is below the historical average (9.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 15.58% | 36.36% | 0.05x | 9.38x | $4.98 Million |
| 1997 | 15.42% | 32.45% | 0.04x | 10.65x | $5.31 Million |
| 1998 | 12.88% | 23.58% | 0.05x | 10.36x | $2.93 Million |
| 1999 | 16.28% | 19.32% | 0.08x | 10.51x | $6.50 Million |
| 2000 | 14.14% | 17.33% | 0.08x | 10.09x | $4.99 Million |
| 2001 | 14.38% | 16.92% | 0.08x | 11.11x | $5.83 Million |
| 2002 | 15.89% | 23.48% | 0.07x | 10.00x | $8.98 Million |
| 2003 | 16.11% | 26.81% | 0.06x | 9.56x | $10.70 Million |
| 2004 | 12.21% | 19.71% | 0.06x | 9.99x | $4.04 Million |
| 2005 | 13.52% | 19.95% | 0.07x | 10.04x | $6.85 Million |
| 2006 | 13.61% | 20.48% | 0.07x | 9.56x | $7.67 Million |
| 2007 | 13.65% | 19.44% | 0.07x | 9.90x | $7.92 Million |
| 2008 | 1.40% | 2.15% | 0.07x | 9.68x | $-18.95 Million |
| 2009 | -15.24% | -30.08% | 0.06x | 8.96x | $-64.08 Million |
| 2010 | 8.10% | 15.16% | 0.06x | 8.32x | $-5.14 Million |
| 2011 | 6.55% | 15.86% | 0.06x | 7.08x | $-10.54 Million |
| 2012 | 8.02% | 20.04% | 0.05x | 7.66x | $-7.07 Million |
| 2013 | 7.09% | 17.13% | 0.05x | 7.92x | $-9.55 Million |
| 2014 | 7.25% | 20.15% | 0.05x | 7.42x | $-9.65 Million |
| 2015 | 7.15% | 20.36% | 0.05x | 7.18x | $-9.76 Million |
| 2016 | 7.41% | 22.25% | 0.05x | 7.04x | $-8.78 Million |
| 2017 | 6.13% | 18.44% | 0.05x | 6.81x | $-13.59 Million |
| 2018 | 10.92% | 30.06% | 0.05x | 6.74x | $3.05 Million |
| 2019 | 9.05% | 33.11% | 0.04x | 6.53x | $-4.08 Million |
| 2020 | 8.42% | 25.99% | 0.05x | 7.06x | $-6.75 Million |
| 2021 | 11.96% | 38.39% | 0.04x | 7.47x | $8.39 Million |
| 2022 | 11.06% | 32.81% | 0.05x | 7.43x | $4.46 Million |
| 2023 | 9.54% | 28.98% | 0.05x | 6.49x | $-2.31 Million |
| 2024 | 9.80% | 29.34% | 0.05x | 6.20x | $-1.04 Million |
Industry Comparison
This section compares First Community Bancshares Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $389,399,400
- Average return on equity (ROE) among peers: 10.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Community Bancshares Inc (FCBC) | $510.73 Million | 15.58% | 5.25x | $633.70 Million |
| Ameris Bancorp (ABCB) | $514.76 Million | 7.94% | 9.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $68.20 Million | 10.85% | 9.15x | $5.79 Billion |
| ACNB Corporation (ACNB) | $51.46 Million | 12.55% | 7.93x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $76.38 Million | 0.59% | 3.01x | $137.13 Million |
| Alerus Financial Corp (ALRS) | $127.25 Million | 8.42% | 8.09x | $736.27 Million |
| Amalgamated Bank (AMAL) | $508.95 Million | 16.01% | 14.41x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $1.00 Billion | 3.23% | 8.67x | $974.56 Million |
| Arrow Financial Corporation (AROW) | $431.85 Million | 10.18% | 9.29x | $622.98 Million |
| Associated Banc-Corp (ASB) | $968.70 Million | 17.34% | 12.55x | $5.45 Billion |
| AmeriServ Financial Inc (ASRV) | $141.70 Million | 14.89% | 15.78x | $62.43 Million |
About First Community Bancshares Inc
First Community Bankshares, Inc. operates as the financial holding company for First Community Bank that provides various banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement plans; and commercial, consumer real estate, and consumer and other loans. The company also provides trust management, estate… Read more