Gary Mills - First Community CEO

FCBC Stock  USD 46.82  1.06  2.32%   

CEO

Mr. Gary R. Mills is President and Chief Executive Officer of First Community Bank, Director, the subsidiary of First Community Bancshares Inc. Mr. Mills has served as President of the Corporation since August 31, 2013 and currently serves as Chief Executive Officer and President of First Community Bank. Mr. Mills was employed by the Corporation andor one of its subsidiaries since 1998. Mr. Mills served as Chief Executive Officer of the Princeton Division of First Community Bank from 1998 until 2005 Senior Vice President of Credit Administration from 2005 to 2006 and most recently as Chief Credit Officer from 2007 until his appointment as Chief Executive Officer since 2017.
Age 56
Tenure 7 years
Address One Community Place, Bluefield, VA, United States, 24605-0989
Phone276 326 9000
Webhttps://www.firstcommunitybank.com
Mills is a Certified Public Accountant and holds a BS degree in Business Administration with a concentration in Accounting from Concord University.

First Community Management Efficiency

The company has return on total asset (ROA) of 0.0155 % which means that it generated a profit of $0.0155 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0991 %, meaning that it created $0.0991 on every $100 dollars invested by stockholders. First Community's management efficiency ratios could be used to measure how well First Community manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Equity is expected to grow to 0.11, whereas Return On Tangible Assets are forecasted to decline to 0.01. The current year's Intangible Assets is expected to grow to about 21.4 M, whereas Total Assets are forecasted to decline to about 2.3 B.
First Community Bancshares currently holds 1.74 M in liabilities with Debt to Equity (D/E) ratio of 6.18, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Note, when we think about First Community's use of debt, we should always consider it together with its cash and equity.

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First Community Bankshares, Inc. operates as the financial holding company for First Community Bank that provides various banking products and services. First Community Bankshares, Inc. was founded in 1874 and is headquartered in Bluefield, Virginia. First Community operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 599 people. First Community Bancshares (FCBC) is traded on NASDAQ Exchange in USA. It is located in One Community Place, Bluefield, VA, United States, 24605-0989 and employs 578 people. First Community is listed under Regional Banks category by Fama And French industry classification.

Management Performance

First Community Banc Leadership Team

Elected by the shareholders, the First Community's board of directors comprises two types of representatives: First Community inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Community's management team and ensure that shareholders' interests are well served. First Community's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Community's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jason Belcher, Senior Vice President Chief Risk Officer, Secretary of First Community Bank
Carter Bundy, Treasurer
William II, Chairman CEO
Jason CPA, Chief Officer
Derek Bonnett, Chief Officer
Gary CPA, President Director
Gary Mills, President, CEO of First Community Bank and Director of First Community Bank Na
Sarah Harmon, General Officer
CPA V, Chief Officer

First Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is First Community a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

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When determining whether First Community Banc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Community's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Community Bancshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Community Bancshares Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Community Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
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Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Community. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Community listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.09)
Dividend Share
1.2
Earnings Share
2.74
Revenue Per Share
8.864
Quarterly Revenue Growth
(0.03)
The market value of First Community Banc is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Community's value that differs from its market value or its book value, called intrinsic value, which is First Community's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Community's market value can be influenced by many factors that don't directly affect First Community's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Community's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Community is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Community's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.