Overview
Financial holding company's Q4 net income fell 4.41% yr/yr
Adjusted net income for Q4 rose 8.56% yr/yr
Company completed acquisition of Hometown Bancshares on Jan. 23
Outlook
Company did not provide specific guidance for future quarters or the full year in press release
Result Drivers
NET INTEREST MARGIN - Net interest margin improved to 4.53% due to consistent asset yields and reduced cost of interest-bearing liabilities
NONINTEREST INCOME - Noninterest income rose by 10.57%, driven by increased service charges on deposits and other fees
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Adjusted EPS | Beat | $0.77 | $0.62 (1 Analyst) |
Q4 EPS | $0.68 | ||
Q4 Adjusted Net Income | Beat | $14.16 mln | $11.40 mln (1 Analyst) |
Q4 Net Income | $12.47 mln | ||
Q4 Net Interest Income | $32.36 mln | ||
Q4 Pretax Profit | $16.13 mln |
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for First Community Bankshares Inc is $38.00, about 12% above its January 26 closing price of $33.94
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release: ID:nGNX2HRQd8
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)