First Community Stock Price, News & Analysis

First Community Corporation (NASDAQ: FCCO) has announced the acquisition of Signature Bank of Georgia (OTCPK: SGBG) in an all-stock transaction valued at $41.6 million. The merger will create a 23-office banking company with $2.3 billion in total assets, expanding FCCO's presence into the Atlanta-Sandy Springs-Roswell, Georgia MSA.

Under the agreement, Signature shareholders will receive 0.6410 shares of FCCO common stock for each SGBG share. The transaction is expected to be 4.4% accretive to FCCO's earnings per share in 2026 and have an internal rate of return of 27.6%. The deal is anticipated to close in early Q1 2026, subject to regulatory and shareholder approvals.

Post-merger, Signature's Chairman and CEO Freddie J. Deutsch will become Regional Market President and Director of Specialty Business Lending at First Community Bank, with two Signature directors joining FCCO's board.

First Community (FCCO) reported strong Q1 2025 financial results with net income of $3.997 million and diluted EPS of $0.51, compared to $2.597 million and $0.34 year-over-year. The company demonstrated robust growth with:

- Total deposits reaching $1.726 billion, with customer deposits growing $49.8 million (12.1% annualized growth)
- Total loan growth of $31.4 million (10.4% annualized)
- Net interest margin expansion to 3.13%
- Investment advisory revenue of $1.806 million

Key highlights include excellent credit quality metrics with net recoveries of $11 thousand, non-performing assets at 0.03%, and past due loans at 0.14%. The Board approved a $0.15 cash dividend per common share, marking the 93rd consecutive quarterly dividend. The bank maintains strong capital ratios with Leverage at 8.45%, Tier I Risk Based at 12.90%, and Total Risk Based at 13.99%.

First Community (FCCO) reported strong financial results for Q4 and full-year 2024. Net income reached $4.232 million in Q4 ($0.55 per diluted share) and $13.955 million for the year ($1.81 per diluted share). The company showed robust deposit growth of $164.9 million (10.9%) during 2024, with total loans increasing by $86.5 million (7.6%).

Key highlights include excellent credit quality metrics with minimal net charge-offs of $65,000 and non-performing assets at 0.04%. The company declared a cash dividend of $0.15 per share, marking its 92nd consecutive quarterly dividend. Investment advisory revenue reached $1.720 million in Q4, with assets under management growing to $926.0 million.

The bank maintained strong capital ratios and reduced wholesale funding from $138.1 million to $10.4 million during 2024. Net interest income increased 6.4% year-over-year to $52.0 million, with net interest margin expanding to 3.00% in Q4 2024.

First Community Bank has announced the appointment of Sarah Donley as Executive Vice President and Chief Operations & Risk Officer, succeeding retiring Tanya Butts who held the position since 2016. Donley, who joined the bank in 1997 and most recently served as Controller, brings over 35 years of banking experience, including 27 years with First Community.

In her new role, Donley will oversee electronic banking, deposit operations, loan operations, IT, information security, vendor management, audit, compliance, financial crimes, fraud, facilities, and physical security. She holds a Bachelor of Arts in Economics with minors in Business Administration and Psychology from Wittenberg University and is a CPA.

Butts will continue as Executive Vice President and Senior Advisor through Q1 2025 to ensure a smooth transition.

First Community (Nasdaq: FCCO) has announced its earnings release schedule for 2025. The company will release its financial results on the following dates: Fourth Quarter 2024 on January 22, 2025; First Quarter 2025 on April 23, 2025; Second Quarter 2025 on July 23, 2025; and Third Quarter 2025 on October 22, 2025. All releases will be issued at approximately 9:00 am Eastern Time.

First Community Bank, the company's subsidiary, operates as a full-service commercial bank in the Midlands, Aiken, Upstate and Piedmont Regions of South Carolina and Augusta, Georgia, offering deposit and loan products, residential mortgage lending, and financial planning services.

First Community (Nasdaq: FCCO) reported net income of $3.861 million for the third quarter of 2024, with diluted earnings per share of $0.50. Key highlights include:

- Total loans increased by $7.5 million (2.5% annualized growth rate) during Q3
- Total deposits grew by $39.5 million (9.8% annualized growth rate)
- Investment advisory business exceeded $900 million in Assets Under Management
- Strong credit quality with non-performing assets ratio of 0.04%
- Cash dividend of $0.15 per common share declared

The company's Board approved a plan to repurchase up to $7.1 million of common stock. The bank maintains strong capital ratios and asset quality metrics. Net interest margin expanded to 2.96% in Q3, benefiting from increased loan portfolio yield.

First Community (Nasdaq: FCCO) reported strong financial results for Q2 2024:

- Net income of $3.265 million, up 25.7% from Q1 2024
- Diluted EPS of $0.42, up 23.5% from Q1 2024
- Net interest margin expanded to 2.93%
- Total loans grew 11.1% annualized to $31.9 million
- Customer deposits increased 11.7% annualized to $1.562 billion
- Record $865.6 million assets under management, up 14.6% YTD
- Mortgage production of $49.0 million, highest since 2020
- Excellent credit quality with 0.04% non-performing assets

The company increased its quarterly cash dividend to $0.15 per share. Key capital ratios remain strong, with a tangible common equity ratio of 6.47%. The bank has ample liquidity and no concerning concentrations in its loan portfolio.