First Community Bancshares, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
January 23, 2019 at 05:00 pm
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First Community Bancshares, Inc. announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced net interest income was USD 23.879 million compared to USD 21.733 million a year ago. Net income was USD 9.306 million compared to USD 1.213 million a year ago. Basic earnings per share was USD 0.57 compared to USD 0.07 a year ago. For the full year, net interest income was USD 90.845 million compared to USD 87.218 million a year ago. Net income was USD 36.340 million compared to USD 21.485 million a year ago. Basic earnings per share was USD 2.19 compared to USD 1.26 a year ago. Diluted earnings per share was USD 2.18 compared to USD 1.26 a year ago.
First Community Bankshares, Inc. is a financial holding company, which provides banking products and services through its wholly owned subsidiary First Community Bank (the Bank). It operates in community banking segment, which consists of all operations, including commercial and consumer banking, lending activities, and wealth management. The Bank offers wealth management and investment advice through its Trust Division and wholly owned subsidiary First Community Wealth Management. Its commercial loans consist of loans to small and mid-size industrial, commercial, and service companies. Commercial real estate projects represent a variety of sectors of the commercial real estate market, including single family and apartment lessors, commercial real estate lessors, and hotel/motel operators. Consumer real estate loans segment consists of loans to individuals within its market footprint for home equity loans and lines of credit and for the purpose of financing residential properties.
FIRST COMMUNITY BANKSHARES, INC. 
