First Community Bankshares, Inc. · NASDAQ:FCBC
First Community Bankshares — First Community Bancshares — Shareholder Meeting (April 2011)
14 slides from First Community Bankshares's shareholder meeting presentation, Apr 26, 2011
Slide 1: 2011 Annual Shareholders Meeting
2011 ANNUAL SHAREHOLDERS MEETING APRIL 26, 2011 www.fcbinc.com
Slide 2: Forward-Looking Disclosures
Frward o ad ‐oo Lking gDisclosures scosues This presentation 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 unde
Slide 3: First Community Bancshares
First Community Bancshares 3366
Slide 4: Financial Services Earnings
Financial Services y Earnings g FDIC Insured Institution Earnings (In Billions) $25.00 $21.60 $21.70 $2000 20.00 $18.01 $15.00 $14.50 $10.00 $5.00 $2.83 $0.91 091 $0.00 Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 4466
Slide 5: Year Ended December 31, 2010 Results
p gsg Year Ended December 31, 2010 2009 Change Net Interest Income $ 73,857 $ 69,252 6.6% Provision Net Interest for Income Loan Losses (after 14,757 15,801 - 6.6% provision) 59,100 53,451 10.6% Net Impairment Losses (185) (78,863) - 99.8% Other Income 40,693 25,186 61.6% Total Noninterest Income 40
Slide 6: 2010 Core Earnings
2010 Core g s Earnin 2010 Net income $ 21,847 S ecurit i esgainsi i (8,273) (8273) Other ‐than ‐temporary impairments 185 Amortizationofintangibles Amortizationofintangibles 1,032 Goodwill impairment 1,039 Other non‐core items 3,083 Tax effect 1,100 Core net income $ 20,013 Diluted Core Earnings Per
Slide 7: Total Allowance and Percent of Total Loans
Total Allowance and Percent of Total Loans $27,500 2. 1.91% 1.89% $26,500 1. 1.79% $25,500 1.76% 1. 1.74% $24,500 1. $23,500 1. $22,500 1. 1.41% $21,500 1. $20,500 20500 130% 1.30% $19,500 1. $18,500 18500 1.10% 110% $17,500 1. Q3 Q4 Q1 Q2 Q3 200920092010201020102010 50% Allowance 40% Allowance as 2
Slide 8: Charge Off Trends
Charge Off Trends 4,000 4000 3,500 3,000 3000 $1,800 2,500 2000 Si ngleRelations l Rlhi p 2,000 $3,434 $3,093 Remaining 1,500 $2,401 1,000 1000 $2,046 $1,679 500 ‐ 1Q 2Q 3Q 4Q 1Q 2010 2010 2010 2010 2011 8866
Slide 9: Construction and Development Exposure Trend
Construction pment and posure pEx Develo Trend C&D as a Percent of Total Loans 14.00% 13.00% 12.84% 12.12% 12.00% 11.00% 10.00% 10.00% 1000% 9.73% 9.00% 8.00% 7.00% 6.03% 6.00% 5.00% 4.00% 2007 2008 2009 2010 Q12011 Q12011 966
Slide 10: Summary of 1Q11 Earnings
Summaryof1Q11Earnings Summaryof1Q11Earnings Three Months Ended March 31, 2011 2010 Change Net Interest Income $ $18,619 18,275‐1.8% Provision for Loan Losses 3,665 ‐56.0% 1,612 NetInterestIncome(afterprovision) NetInterestIncome(afterprovision)1666314954 16,663 14,954 11.4% 114% Total Noninterest In
Slide 11: Capitalization
Capitalization 18.00% 15.81% 16.00% 15.33% 14.55% 14.23% 14.07% 13.94% 14.00% 13.61% 12.97% 12.68% 12.34% 12.00% 9.66% 10.00% 9.44% 8.92% 8.89% Tier 1g eLevera 8.64% 8.00% Tier 1 Risk Total k‐BasedRis 6.00% 4.00% 2.00% 0.00% Q1 2010 Q2 2010 Q3 2010 Q4 2010 Q1 2011 111166
Slide 12: Dividend Yield
Dividend Yield 3.50% 3.00% 2.91% 250% 2.50% 2.14% 2.00% 1.50% FCBC Peer 1.00% 0.50% 000% 0.00% Dividend Yield 121266
Slide 13: Valuation
Valuation 105 144 142.83 101.46 100 142 140 95 FCBC FCBC 91.03 138 137.06 90 Peer Peer 136 85 134 Price to Book Price g ible to Tan k Boo 17 3.50% 15.83 3.00% 2.91% 16 2.50% 250% 2.14% 15 2.00% 14 FCBC FCBC 13.39 1.50% 13 Peer 1.00% Peer 12 0.50% 0.00% Price to Earnings Dividend Yield • Peer group i
Slide 14: For More Information Contact
First Community Bancshares, Inc. NASDAQ: FCBC One Community Place Bluefield, VA 24605 For More Information Contact: David D. Brown Chief Financial Officer First Community Bancshares, Inc. (276) 326‐ 9000 141466 Contact
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