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First Community Corp - FCCO STOCK NEWS

Welcome to our dedicated news page for First Community (Ticker: FCCO), a resource for investors and traders seeking the latest updates and insights on First Community.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect First Community's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of First Community's position in the market.

Rhea-AI Summary
First Community reported a net income of $2.597 million and diluted EPS of $0.34 per common share for the first quarter of 2024. Total deposits reached $1.578 billion, with customer deposits at $1.518 billion. The company declared a cash dividend of $0.14 per common share, marking the 89th consecutive quarter of dividends. Key credit quality metrics remained strong, with net charge-offs of $22 thousand and non-performing assets at 0.04%. Assets under management hit a record $832.9 million, showing a 10.3% increase. Loan growth was $23.3 million, with residential mortgages and commercial loans driving the increase. Non-interest income rose to $3.184 million, driven by mortgage and investment advisory revenue. Non-interest expenses increased to $11.805 million, primarily due to higher salaries and benefits expenses. The company announced the closure of a banking office in Augusta, Georgia, with estimated annual cost savings of $327 thousand.
Rhea-AI Impact
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End-of-Day
1.01%
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Rhea-AI Summary
First Community Corporation (FCCO) reported net income of $3.297 million for Q4 2023 and $11.843 million for the year. Diluted EPS was $0.43 for Q4 and $1.55 for the year. Total deposits increased by $125.6 million. Total loan growth was $153.2 million. The company also declared a cash dividend of $0.14 per common share.
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Rhea-AI Summary
First Community Corporation (Nasdaq: FCCO) announces earnings release schedule for 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
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Rhea-AI Summary
First Community Corporation (Nasdaq: FCCO) announces promotions and additions to its Executive Leadership Team. J. Ted Nissen to become the CEO of First Community Bank, Joseph A. 'Drew' Painter and Vaughan R. Dozier, Jr. to become Executive Vice Presidents, and Michael C. 'Mike' Crapps to continue as President and CEO of First Community Corporation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.43%
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Rhea-AI Summary
First Community Corporation reported net income of $1.756 million for Q3 2023, with diluted EPS of $0.23 per common share. Total loans increased by $59.5 million, a growth rate of 22.9%, and total deposits increased by $71.3 million, a growth rate of 19.9%. The company paid a cash dividend of $0.14 per common share, marking the 87th consecutive quarter of cash dividends.
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1.31%
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dividends earnings
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1.49%
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dividends earnings
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-0.59%
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-0.14%
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Rhea-AI Sentiment
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3.83%
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dividends earnings
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Rhea-AI Sentiment
End-of-Day
0.65%
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dividends earnings
First Community Corp

Nasdaq:FCCO

FCCO Rankings

FCCO Stock Data

126.49M
6.80M
4.03%
57.42%
2.11%
Commercial Banking
Finance and Insurance
Link
United States of America
LEXINGTON

About FCCO

it is the vision of first community bank to be the provider of choice of financial solutions to local businesses, entrepreneurs and professionals in the markets we serve, we optimize the long-term return to our shareholders, while providing a safe and sound investment.