First Community Bankshares, Inc. · NASDAQ:FCBC

First Community Bankshares — First Community Bancshares — Q3 2005 Earnings Presentation

9 slides from First Community Bankshares's earnings presentation, Oct 27, 2005

  1. Slide 1: Third Quarter Earnings Conference Call October 26, 2005

    Third Quarter Earnings Conference Call October 26, 2005

  2. Slide 2: Forward-Looking Disclosures

    Forward-Looking Disclosures This conference call may include forward-looking statements. These forward-looking statements are based on current expectations that involve risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptio

  3. Slide 3: Overview

    Overview Third quarter 2005 marked by strong growth and solid operating results Net income was $6.9 million, an increase of 11% linked-quarter and 7.8% over 3Q 2004 De novo offices in Winston-Salem, Charlotte, Mount Airy, Bridgeport, W.Va., and Blacksburg reporting profits for the quarter

  4. Slide 4: Overview

    Overview Securities gains of $536,000 Annualized asset growth of 10.8% for the quarter and 11.4% YTD. Loans have grown at an annualized rate of 9% for the year, including both commercial and retail loan categories. Sale of the Clifton Forge branch will result in an approximate $3.9 million gain.

  5. Slide 5: Operating Results

    Operating Results 3Q net income of $6.9 million, or $0.61 diluted EPS YTD net income of $19.1 million, or $1.68 diluted EPS ROA increased to 1.40% and ROE increased to 14.28% Net interest income grew roughly $200,000 linked-quarter and over $1 million compared to 3Q '04

  6. Slide 6: Operating Results

    Operating Results Non-interest income up 18% over 3Q '04 Non-interest expense decreased slightly on a linked-quarter basis and efficiency ratio was 54.2%. Grew loans by $24 million and deposits by $48 million in third quarter.

  7. Slide 7: Asset Quality

    Asset Quality Credit quality remains sound Non-performing assets were 0.36% as a percent of total assets Reserve coverage ratio was down at 276% vs. 316% at year-end Net charge-offs for the quarter were $2.6 million. $2.2 million charge-down on previously reserved single commercial credit

  8. Slide 8: Conclusion

    Conclusion Q & A period Thank you for your interest in First Community Bancshares, Inc.

  9. Slide 9: Your First Financial Resource

    Your First Financial Resource

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