First Community Bankshares (FCBC) Cash Flow: Operating & Free Cash Flow

First Community Bankshares (FCBC) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), First Community Bankshares generated $62.74M of operating cash flow and spent $2.74M on capital expenditures. That left free cash flow of $60.00M, up 9.2% from $54.93M a year earlier, or 32.4% of revenue. It returned $62.45M to shareholders through $60.60M in dividends and $1.85M in share buybacks.

First Community Bankshares Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for First Community Bankshares, Inc. (FCBC) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	48.79	51.60	48.02	46.66	51.17	35.93	38.80	36.34	21.49
Depreciation & Amortization	5.66	6.48	5.69	5.60	5.92	5.91	4.45	3.95	4.62
Stock Based Compensation	2.22	1.04	1.20	1.38	1.77	2.15	1.89	1.51	1.21
Change in Working Capital	8.89	-0.30	4.23	3.67	1.30	-6.66	7.00	3.97	5.89
Change in Accounts Payable	18.32	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in Other Working Capital	-1.89	-2.87	4.23	3.67	1.30	-6.66	7.00	3.97	5.89
Other Operating Activities	-1.89	-2.87	-5.30	-4.86	-11.94	8.52	4.51	3.72	3.17
Net Cash from Operating Activities	62.75	57.74	61.83	59.02	48.22	45.84	56.66	49.50	36.37
Investing Activities
Capital Expenditures	-2.74	-2.81	-2.77	-1.16	-3.04	-3.20	-8.41	-2.55	-2.35
Acquisitions	0.00	0.00	176.68	-59.04	0.00	0.00	25.86	0.01	0.00
Purchases of Investments	-93.76	-109.98	-74.10	-269.34	-22.39	-10.27	-8.26	-67.36	-49.41
Sales/Maturities of Investments	136.71	221.34	122.57	25.75	27.63	95.70	71.76	77.70	72.66
Other Investing Activities	0.52	1.03	0.80	2.33	33.16	-64.44	90.42	41.59	46.90
Net Cash from Investing Activities	139.85	263.91	288.66	-536.78	35.35	17.80	171.38	49.40	67.80
Financing Activities
Debt Repayment	0.31	-0.21	-0.76	0.34	0.57	-0.04	0.00	-50.00	-30.71
Common Stock Issued	0.25	1.41	0.09	0.17	0.00	0.00	0.00	0.00	0.00
Common Stock Repurchased	-1.85	-8.72	-23.04	-21.31	-28.88	-21.87	-16.36	-34.41	-1.26
Dividends Paid	-60.60	-22.02	-21.09	-18.52	-18.06	-17.88	-15.06	-21.09	-11.56
Other Financing Activities	-5.92	-29.67	-360.03	10.65	183.68	215.70	-56.47	-74.47	21.01
Net Cash from Financing Activities	-67.81	-60.62	-404.92	-28.84	137.31	175.91	-87.90	-179.98	-22.52
Summary
Net Change in Cash	134.79	261.03	-54.43	-506.59	220.88	239.55	140.14	-81.08	81.64
Cash at Beginning of Period	377.45	116.42	170.85	677.44	456.56	217.01	76.87	157.95	76.31
Cash at End of Period	512.24	377.45	116.42	170.85	677.44	456.56	217.01	76.87	157.95
Free Cash Flow	60.00	54.93	59.06	57.86	45.18	42.65	48.24	46.95	34.02
Supplemental Disclosures
Interest Paid	-	19.35	9.08	2.11	3.14	-	-	-	-
Income Taxes Paid	-	13.39	11.78	7.59	14.40	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About First Community Bankshares Cash Flow

What is First Community Bankshares's free cash flow?

First Community Bankshares generated free cash flow of $60.00M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $62.74M minus $2.74M of capital expenditures. That was up 9.2% from $54.93M a year earlier. Free cash flow equaled 32.4% of revenue.

How much does First Community Bankshares spend on capital expenditures?

First Community Bankshares spent $2.74M on capital expenditures in fiscal 2025, compared with $2.81M a year earlier. That equals 4.4% of operating cash flow.

Does First Community Bankshares pay dividends or buy back shares?

Yes. In fiscal 2025 First Community Bankshares returned $60.60M in dividends and $1.85M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition