First Community Stock Price, News & Analysis

First Community Corporation (NASDAQ: FCCO) reported a net income of $3.463 million and diluted EPS of $0.45 for Q1 2023, a slight decrease from $3.489 million and $0.46 year-over-year. Total deposits grew by $34.8 million, marking a 10.0% annualized growth rate, while loan growth stood at $11.9 million, or 4.9% annualized. The bank maintained strong asset quality metrics, with a non-performing assets ratio of 0.29% and net loan recoveries of $15,000. A cash dividend of $0.14 per common share was approved, continuing a streak of 85 consecutive quarters of dividends. Despite a rise in deposit costs due to interest rate pressures, the bank's capital ratios remained robust, surpassing regulatory requirements.

First Community Corporation (NASDAQ: FCCO) reported a diluted EPS of $0.53 for Q4 2022, with net income reaching $4.043 million, a 3.2% increase year-over-year. For the entire year, net income amounted to $14.613 million, slightly down from $15.465 million in 2021. Revenue from PPP loans dropped significantly to $49,000, down from $3.34 million in 2021. The company declared an increased cash dividend of $0.14 per share, payable on February 14, 2023. Total loans grew by 13.6% annually, with a notable commercial loan production of $257.9 million for 2022. Asset quality remains strong with non-performing assets at just 0.35%.

First Community Corporation (FCCO) reported net income of $3.951 million for Q3 2022, marking a 26.2% increase from the previous quarter, with a diluted EPS of $0.52. Year-to-date, net income is $10.570 million, down from $11.546 million last year. Total loans rose by $33.9 million (annualized growth rate of 14.7%), while net interest income increased 15.8% to $12.794 million. The bank will pay a cash dividend of $0.13 on November 15, 2022, marking its 83rd consecutive quarter of dividends.

First Community Corporation (FCCO) reported a net income of $3.1 million for Q2 2022, a decrease from $3.5 million in Q2 2021. Diluted EPS fell to $0.41 from $0.47 year-over-year. Total loans increased by $40.5 million, an annualized growth rate of 18.6%, while total deposits rose to $1.469 billion. The company declared a $0.13 cash dividend, marking the 82nd consecutive quarter of dividends. The non-performing assets ratio stood at 0.58%, with commercial loan production reaching $80.3 million.

First Community Corporation (FCCO) reported a net income of $3.5 million for Q1 2022, with a diluted EPS of $0.46, marking a decline from the previous quarter's $3.9 million and $0.52. Cash dividends of $0.13 per common share will be paid on May 17, 2022, continuing an 81-quarter streak. The company achieved deposit growth of $83.5 million, a 25.9% annualized growth rate. Loan growth was $12.1 million, excluding PPP loans. Though investment advisory revenue rose to $1.2 million, mortgage revenue fell to $839,000 amid rising interest rates.

First Community Bank is expanding its operations in York County, South Carolina, by opening a loan production office in Rock Hill. The new office will be led by Catherine H. Faircloth, alongside experienced bankers Michael Clowney and Anne Lambert. With a strong focus on local businesses, the bank aims to enhance financial solutions in the area, which is experiencing significant economic growth. First Community, established in 1995, aims to open a full-service banking office following the initial setup.

First Community Corporation (NASDAQ: FCCO) reported a net income of $15.465 million for 2021, reflecting a 53.1% increase over 2020. The fourth quarter net income was $3.919 million, up 14.1% year-over-year but down 17.5% from the previous quarter. Diluted EPS for 2021 was $2.05 per share. Total loan growth was $19.5 million (2.3%), with a decline of $17.8 million in Q4. Asset quality remained strong with non-performing assets at 0.09%. An increased cash dividend of $0.13 reflects 80 consecutive quarters of dividends.

First Community Corporation (FCCO) reported a strong Q3 2021, with net income of $4.748 million, marking a 79% year-over-year increase and a 34% increase from Q2. Diluted EPS rose to $0.63 per share. Total loans grew by $41.3 million, at an annualized rate of 19.9%. Non-performing assets remained low at 0.10%. The company declared a $0.12 cash dividend, its 79th consecutive payment. However, the bank's regulatory capital ratios showed slight declines compared to last year. Overall, strong performance milestones indicate solid growth and financial health.