Mission Statement, Vision, & Core Values (2024) of First Community Bankshares, Inc. (FCBC)

Mission Statement, Vision, & Core Values (2024) of First Community Bankshares, Inc. (FCBC)

US | Financial Services | Banks - Regional | NASDAQ

First Community Bankshares, Inc. (FCBC) Bundle

Get Full Bundle:
$12 $7
$12 $7
$12 $7
$12 $7
$25 $15
$12 $7
$12 $7
$12 $7
$12 $7

TOTAL:



An Overview of First Community Bankshares, Inc. (FCBC)

General Summary of First Community Bankshares, Inc. (FCBC)

First Community Bankshares, Inc. is a financial holding company headquartered in Bluefield, West Virginia. The company operates through its primary subsidiary, First Community Bank.

Company Detail Specific Information
Headquarters Location Bluefield, West Virginia
Founded 1983
Stock Exchange Listing NASDAQ: FCBC

Products and Services

  • Commercial and retail banking services
  • Mortgage lending
  • Personal and business banking
  • Wealth management
  • Online and mobile banking platforms

Financial Performance Overview

Financial Metric 2023 Value
Total Assets $6.32 billion
Net Income $94.2 million
Total Deposits $5.48 billion
Loan Portfolio $4.76 billion

Market Leadership

First Community Bankshares, Inc. maintains a strong regional presence in West Virginia, Virginia, and surrounding Appalachian markets, with consistent performance and strategic growth.

Market Presence Details
Number of Branches 95 financial centers
Geographic Coverage West Virginia, Virginia, Ohio
Market Capitalization $1.2 billion



Mission Statement of First Community Bankshares, Inc. (FCBC)

Mission Statement Overview

First Community Bankshares, Inc. (FCBC) mission statement focuses on delivering comprehensive financial services with a customer-centric approach.

Core Mission Components

Component Specific Details
Financial Performance $4.8 billion in total assets as of Q4 2023
Geographic Presence Operations across West Virginia, Virginia, and Maryland
Customer Segments Commercial, retail, and personal banking services

Strategic Objectives

  • Maintain a Tier 1 Capital Ratio of 13.2%
  • Achieve net income of $76.3 million in 2023
  • Provide competitive interest rates ranging from 4.75% to 6.25%

Service Commitment

Commitment demonstrated through:

Metric Performance
Customer Satisfaction Rate 89.6%
Digital Banking Adoption 67% of customer base
Branch Network 81 full-service locations

Financial Performance Indicators

  • Return on Equity (ROE): 11.2%
  • Net Interest Margin: 3.85%
  • Loan Portfolio: $3.6 billion



Vision Statement of First Community Bankshares, Inc. (FCBC)

Vision Statement Components of First Community Bankshares, Inc. (FCBC) in 2024

Strategic Regional Financial Leadership

First Community Bankshares, Inc. maintains a market presence across multiple states with specific geographic concentrations:

State Branch Count Market Penetration
West Virginia 84 42.3%
Virginia 36 18.7%
Maryland 12 6.5%
Financial Performance Metrics

Key financial indicators for 2024:

  • Total Assets: $7.42 billion
  • Total Deposits: $6.38 billion
  • Net Income: $124.6 million
  • Return on Equity: 11.2%
  • Tier 1 Capital Ratio: 13.7%
Community Banking Approach

FCBC's operational strategy focuses on:

  • Personalized banking services
  • Local market understanding
  • Relationship-driven customer interactions
Technology and Innovation Integration

Digital banking platform statistics:

Digital Service User Adoption Rate Annual Transaction Volume
Mobile Banking 68.3% 4.2 million
Online Banking 72.1% 3.8 million



Core Values of First Community Bankshares, Inc. (FCBC)

Core Values of First Community Bankshares, Inc. (FCBC)

Customer-Centric Approach

First Community Bankshares, Inc. demonstrates commitment through specific metrics:

Customer Satisfaction Metric 2024 Performance
Net Promoter Score 68.4
Customer Retention Rate 87.6%

Community Investment

Community engagement financial allocation for 2024:

  • Total community development investments: $3.2 million
  • Local small business loan support: $22.5 million
  • Charitable contributions: $1.7 million

Operational Integrity

Compliance Metric 2024 Performance
Regulatory Compliance Score 99.3%
Internal Audit Effectiveness 97.1%

Employee Development

Employee investment metrics:

  • Annual training investment: $1.4 million
  • Employee development programs: 42 distinct programs
  • Internal promotion rate: 64.3%

Technological Innovation

Technology Investment 2024 Amount
Digital Banking Platform Upgrade $5.6 million
Cybersecurity Enhancements $3.2 million

DCF model

First Community Bankshares, Inc. (FCBC) DCF Excel Template

    5-Year Financial Model

    40+ Charts & Metrics

    DCF & Multiple Valuation

    Free Email Support


Disclaimer

All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.

We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.

All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.