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First Community Bankshares (FCBC) guidance and outlook

First Community Bankshares' 10-Q filed Nov 6, 2026 makes 13 forward-looking statements.

Guidance and outlook

Forward-looking statements, 10-Q filed Nov 6, 2026

• Credit losses are calculated individually, rather than collectively, using a discounted cash flow method, whereby management compares the present value of expected cash flows with the amortized cost basis of the security.
• In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, the results of reviews of the issuer’s financial condition, and the issuer’s anticipated ability to pay the contractual cash flows of the investments.
• Management considers the effects of past events, current conditions, and reasonable and supportable forecasts on the collectability of the loan portfolio.
• The Company’s estimate of its ACL involves a high degree of judgment; therefore, management’s process for determining expected credit losses may result in a range of expected credit losses.
• The Company’s ACL recorded in the balance sheet reflects management’s best estimate of expected credit losses.
• The Company recognizes in net income the amount needed to adjust the ACL for management’s current estimate of expected credit losses.
• The Company’s measurement of credit losses policy adheres to GAAP as well as interagency guidance.
• ​For collectively evaluated loans, the Company in general uses two modeling approaches to estimate expected credit losses.
• The Company projects the contractual run-off of its portfolio at the segment level and incorporates a prepayment assumption in order to estimate exposure at default.
• In addition to its own loss experience, management also includes peer bank historical loss experience in its assessment of expected credit losses to determine the ACL.
• Management considers the need to qualitatively adjust expected credit losses for information not already captured in the loss estimation process.
• In order to manage our exposure to interest rate risk, we periodically review internal simulation and third-party models that project net interest income at risk, which measures the impact of different interest rate scenarios on net interest income, and the economic value of equity at risk, which measures potential long-term risk in the balance sheet by valuing our assets and liabilities at fair value under…

First Community Bankshares' latest quarter

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What does First Community Bankshares expect?

Credit losses are calculated individually, rather than collectively, using a discounted cash flow method, whereby management compares the present value of expected cash flows with the amortized cost basis of the security. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, the results of reviews of the issuer’s financial condition, and the issuer’s anticipated ability to pay the contractual cash flows of the investments. Management considers the

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.