Yahoo Finance First Community Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
First Community (NASDAQ:FCCO) Full Year 2023 Results
Key Financial Results
Revenue: US$58.1m (down 2.7% from FY 2022).
Net income: US$11.8m (down 19% from FY 2022).
Profit margin: 20% (down from 25% in FY 2022). The decrease in margin was primarily driven by lower revenue.
EPS: US$1.57 (down from US$1.94 in FY 2022).
FCCO Banking Performance Indicators
Cost-to-income ratio: 71.2% (up from 68.6% in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
First Community EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 4.6%.
Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 4.6% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of First Community's balance sheet and an in-depth analysis of the company's financial position.
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