How large is First Community Corporation’s new share repurchase authorization?

The authorization covers up to $7.5 million of First Community Corporation common stock. The company states this amount represents approximately 3.4% of total shareholders’ equity as of March 31, 2026, providing context for the size of the capital allocation.

First Community okays $7.5M share buyback plan

Q: How will First Community Corporation execute the FCCO share repurchases?

The company may repurchase shares from time to time through open market purchases and solicited or unsolicited privately negotiated transactions. Management has discretion over the specific methods, quantity, and pricing, all within applicable legal and regulatory constraints described in the disclosure.

First Community Corporation, the parent of First Community Bank, approved a share repurchase plan authorizing up to $7.5 million of its common stock.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

First Community Corporation, the parent of First Community Bank, approved a share repurchase plan authorizing up to $7.5 million of its common stock. This amount represents approximately 3.4% of total shareholders’ equity as of March 31, 2026.

The company may buy back shares from time to time through May 5, 2027 via open market purchases and solicited or unsolicited privately negotiated transactions. Management has discretion over timing, volume, and pricing, subject to market conditions and legal and regulatory requirements, and the plan can be discontinued, suspended, or restarted at any time.

Insights

First Community authorizes a modest, flexible share repurchase plan focused on capital management.

First Community Corporation approved a share repurchase plan of up to $7.5 million, equal to about 3.4% of shareholders’ equity as of March 31, 2026. The plan runs through May 5, 2027 and allows open market and privately negotiated purchases.

This authorization provides the bank holding company with another capital management tool but does not require any minimum repurchase level. Actual activity will depend on the stock price, equity issuances under company plans, general market conditions, and regulatory considerations, so the impact remains uncertain from this disclosure alone.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Share repurchase authorization: $7.5 million Equity proportion: 3.4% of shareholders’ equity Plan end date: May 5, 2027

3 metrics

Share repurchase authorization $7.5 million Maximum capital allocated under repurchase plan

Equity proportion 3.4% of shareholders’ equity Relative size of buyback as of March 31, 2026

Plan end date May 5, 2027 Expiration of repurchase authorization period

Key Terms

repurchase plan, open market purchases, privately negotiated transactions, capital management opportunities

4 terms

repurchase plan financial

"approved a plan to utilize up to $7.5 million of capital to repurchase shares"

A repurchase plan is a company program to buy back its own shares from the market, reducing the number of shares available to investors. Like a store taking products off the shelf to make each remaining item more valuable, buybacks can boost earnings per share and signal management’s confidence, which may raise the stock price; they also change how company profits are divided among shareholders and affect cash reserves.

open market purchases financial

"may repurchase shares from time to time, through May 5, 2027, by means of, among other means, open market purchases"

Open market purchases are buys of a company’s shares (or other securities) made on public exchanges at prevailing market prices rather than through private deals. For investors this matters because when a company buys back its own stock it reduces the number of shares available, which can boost per-share earnings and often signals management’s confidence; it also affects supply, demand and short-term liquidity much like someone quietly buying up items from a crowded marketplace.

privately negotiated transactions financial

"and in solicited and unsolicited privately negotiated transactions"

Privately negotiated transactions are deals made directly between parties without involving a public marketplace or open auction. They are like private sales between two individuals rather than items sold at a busy marketplace open to everyone. For investors, these transactions can offer more tailored terms and privacy, but they may also carry different risks and less transparency compared to public exchanges.

capital management opportunities financial

"management believes the repurchase plan, depending upon market and business conditions, may, among other things, provide capital management opportunities"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did First Community Corporation (FCCO) announce in this 8-K filing?

First Community Corporation announced that its board approved a share repurchase plan authorizing up to $7.5 million of common stock. The plan is intended as a capital management tool and may be used depending on market and business conditions through May 5, 2027.

Over what period can First Community Corporation repurchase its shares?

First Community Corporation may repurchase shares under the plan through May 5, 2027. During this period, management can decide when and how many shares to buy, subject to market conditions and legal and regulatory requirements disclosed in the filing.

Is First Community Corporation required to buy back the full $7.5 million of stock?

No. First Community Corporation is not obligated to repurchase any specific amount of shares under the plan. The filing states the plan may be discontinued, suspended, or restarted at any time through May 5, 2027, giving management full flexibility.

Why does First Community Corporation say it adopted this repurchase plan?

The company’s management believes the repurchase plan may provide capital management opportunities, depending on market and business conditions. This indicates the authorization is intended as a flexible tool to manage the company’s capital structure rather than a fixed commitment to repurchase shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/07/2026 - 09:00 AM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 7, 2026

First Community Corporation

(Exact name of registrant as specified in its charter)

South Carolina

(State or other jurisdiction of incorporation)


	000-28344		57-1010751
	(Commission File Number)		(IRS Employer Identification No.)

	5455 Sunset Blvd, Lexington, South Carolina		29072
	(Address of principal executive offices)		(Zip Code)

(803) 951-2265

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of exchange on which registered
Common stock, par value $1.00 per share	FCCO	The Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On May 7, 2026, First Community Corporation (the “Company”), the holding company for First Community Bank, announced that its Board of Directors approved a plan to utilize up to $7.5 million of capital to repurchase shares of the Company’s common stock, which represents approximately 3.4% of total shareholders’ equity as of March 31, 2026.

Under the repurchase plan, the Company may repurchase shares from time to time, through May 5, 2027, by means of, among other means, open market purchases and in solicited and unsolicited privately negotiated transactions. The actual means and timing of any purchases, quantity of purchased shares and prices will be, subject to certain limitations, at the discretion of management during such period, and will depend on a number of factors, including the market price of the Company’s common stock, share issuances under Company equity plans, general market and economic conditions, and applicable legal and regulatory requirements.

The Company’s management believes the repurchase plan, depending upon market and business conditions, may, among other things, provide capital management opportunities for the Company. The Company is not obligated to repurchase any such shares under the repurchase plan. Through May 5, 2027, the repurchase plan may be discontinued, suspended or restarted at any time.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FIRST COMMUNITY CORPORATION

	By:	/s/ D. Shawn Jordan
	Name:	D. Shawn Jordan
	Title:	Chief Financial Officer

Dated: May 7, 2026

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents

First Community okays $7.5M share buyback plan

Rhea-AI Filing Summary

Positive

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