Yahoo Finance First Community First Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line
First Community (NASDAQ:FCCO) First Quarter 2024 Results
Key Financial Results
Revenue: US$15.1m (up 1.8% from 1Q 2023).
Net income: US$2.60m (down 25% from 1Q 2023).
Profit margin: 17% (down from 23% in 1Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$0.34 (down from US$0.46 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
First Community Earnings Insights
Looking ahead, revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are down 1.9% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on First Community's balance sheet.
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