First Community Bankshares, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 26, 2021 at 04:30 pm
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First Community Bankshares, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the year, the company announced net interest income was USD 108.572 million compared to USD 89.453 million a year ago. Net income was USD 35.926 million compared to USD 38.802 million a year ago. Basic earnings per share from continuing operations was USD 2.02 compared to USD 2.47 a year ago. Diluted earnings per share from continuing operations was USD 2.02 compared to USD 2.46 a year ago. For the quarter, net interest income was USD 27.717 million. Net income was USD 11.550 million.
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. 
