First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, professional concerns, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments. Its deposit products include checking, NOW, savings, and individual retirement accounts; and demand deposits, as well as other time deposits, such as daily money market accounts and longer-term certificates of deposit. The company's loan portfolio comprises commercial loans that consist of secured and unsecured loans for working capital, business expansion, and the purchase of equipment and machinery; consumer loans, including secured and unsecured loans for financing automobiles, home improvements, education, and personal investments; real estate construction and acquisition loans; and fixed and variable rate mortgage loans. It also provides other banking services, which include online banking, internet banking, cash management, safe deposit boxes, travelers checks, direct deposit of payroll and social security checks, and automatic drafts for various accounts. In addition, the company offers non-deposit investment products and other investment brokerage services; VISA and MasterCard credit card services; investment advisory services; and insurance services. It operates 21 full-service offices located in the Lexington County, Richland County, Newberry County, Kershaw County, Greenville County, Anderson County, Pickens County, and Aiken County, South Carolina; and Richmond County and Columbia County, Georgia. First Community Corporation was incorporated in 1994 and is headquartered in Lexington, South Carolina.
IPO Year:
Exchange: NASDAQ
Website: firstcommunitysc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/25/2024 | $21.00 | Mkt Perform → Outperform | Raymond James |
| 7/6/2023 | Mkt Perform | Raymond James | |
| 1/20/2022 | Outperform → Market Perform | Raymond James | |
| 7/22/2021 | $21.00 → $23.00 | Outperform | Raymond James |
10-Q - FIRST COMMUNITY CORP /SC/ (0000932781) (Filer)
8-K - FIRST COMMUNITY CORP /SC/ (0000932781) (Filer)
8-K - FIRST COMMUNITY CORP /SC/ (0000932781) (Filer)
8-K - FIRST COMMUNITY CORP /SC/ (0000932781) (Filer)
10-Q - FIRST COMMUNITY CORP /SC/ (0000932781) (Filer)
8-K - FIRST COMMUNITY CORP /SC/ (0000932781) (Filer)
8-K - FIRST COMMUNITY CORP /SC/ (0000932781) (Filer)
11-K - FIRST COMMUNITY CORP /SC/ (0000932781) (Filer)
8-K - FIRST COMMUNITY CORP /SC/ (0000932781) (Filer)
8-K - FIRST COMMUNITY CORP /SC/ (0000932781) (Filer)
4 - FIRST COMMUNITY CORP /SC/ (0000932781) (Issuer)
4 - FIRST COMMUNITY CORP /SC/ (0000932781) (Issuer)
4 - FIRST COMMUNITY CORP /SC/ (0000932781) (Issuer)
4 - FIRST COMMUNITY CORP /SC/ (0000932781) (Issuer)
4 - FIRST COMMUNITY CORP /SC/ (0000932781) (Issuer)
4 - FIRST COMMUNITY CORP /SC/ (0000932781) (Issuer)
4 - FIRST COMMUNITY CORP /SC/ (0000932781) (Issuer)
4 - FIRST COMMUNITY CORP /SC/ (0000932781) (Issuer)
4 - FIRST COMMUNITY CORP /SC/ (0000932781) (Issuer)
4 - FIRST COMMUNITY CORP /SC/ (0000932781) (Issuer)
4 - FIRST COMMUNITY CORP /SC/ (0000932781) (Issuer)
Highlights for Third Quarter of 2024 Net income of $3.861 million.Diluted EPS of $0.50 per common share for the quarter and $1.26 year-to-date through September 30, 2024.Total loans increased during the third quarter by $7.5 million, a 2.5% annualized growth rate. Year-to-date through September 30, 2024, total loans increased $62.6 million, a 7.4% annualized growth rate.Total deposits increased during the third quarter by $39.5 million, an annualized growth rate of 9.8%. Year-to-date through September 30, 2024, total deposits increased $133.1 million, an 11.8% annualized growth rate. Customer deposits (total deposits excluding brokered CDs) increased during the third quarter by $60.0 million
Highlights for Second Quarter of 2024 Net income of $3.265 million during the second quarter of 2024, an increase of 25.7% on a linked quarter basis, and $5.862 million through June 30, 2024.Diluted EPS of $0.42 per common share for the second quarter of 2024 and $0.76 through June 30, 2024, an increase of 23.5% on a linked quarter basis.Net interest margin on a tax equivalent basis of 2.93% with margin expansion of 14 basis points during the second quarter of 2024 compared to the first quarter of 2024.Total loans increased by $31.9 million during the second quarter of 2024, an annualized growth rate of 11.1%.Total deposits were $1.605 billion and customer deposits (excludes brokered CDs) we
LEXINGTON, S.C., April 17, 2024 /PRNewswire/ -- Highlights for First Quarter 2024 Net income of $2.597 million.Diluted EPS of $0.34 per common share.Total deposits were $1.578 billion and customer deposits (excludes brokered CDs) were $1.518 billion at March 31, 2024. Customer deposit growth was $54.7 million during the quarter, a 15.0% annualized growth rate.Total loan growth of $23.3 million during the quarter, an 8.3% annualized growth rate.Key credit quality metrics continue to be excellent with net charge-offs, including overdrafts, during the first quarter of 2024 of $2
LEXINGTON, S.C., Jan. 24, 2024 /PRNewswire/ -- Highlights Net income of $3.297 million for the fourth quarter of 2023 and $11.843 million for the year of 2023.Diluted EPS of $0.43 per common share for the fourth quarter of 2023 and $1.55 per common share for the year of 2023.Total deposits increased $125.6 million, or 9.1%, during the year of 2023 and $19.0 million or 1.3% during the fourth quarter of 2023, an annualized growth rate of 5.0%. Total deposit growth, excluding brokered CDs, of $77.5 million during the year of 2023, a 5.6% growth rate and $19.0 million during the f
LEXINGTON, S.C., Dec. 21, 2023 /PRNewswire/ -- Today, First Community Corporation (NASDAQ:FCCO), the holding company for First Community Bank, announced the company's earnings release schedule for 2024. Fourth Quarter of 2023 on Wednesday, January 24, 2024First Quarter of 2024 on Wednesday, April 17, 2024Second Quarter of 2024 on Wednesday, July 17, 2024Third Quarter of 2024 on Wednesday, October 16, 2024 The releases will be issued at approximately 9:00 am Eastern Time on each of the above dates. About First Community Corporation First Community Corporation stock trades on Th
LEXINGTON, S.C., Dec. 14, 2023 /PRNewswire/ -- Today, First Community Corporation (Nasdaq: FCCO), the holding company for First Community Bank, announced promotions and additions to its Executive Leadership Team. Effective July 1, 2024, J. Ted Nissen will become the CEO of First Community Bank while still retaining the role of President and will also be joining First Community's Board of Directors. Effective January 1, 2024, Joseph A. "Drew" Painter and Vaughan R. Dozier, Jr. will become Executive Vice Presidents in the roles of Co-Chief Commercial and Retail Banking Officers. Michael C. "Mike" Crapps will continue in his role as President and CEO of First Community Corporation. In his
Highlights for Second Quarter of 2023 Net income of $3.327 million during the quarter, an increase of 6.3% year-over-year.Pretax pre-provision earnings of $4.433 million during the quarter, an increase of 14.5% year-over-year.Diluted EPS of $0.43 per common share for the quarter and $0.89 year-to-date through June 30, 2023.Total loans increased during the second quarter by $39.4 million, an annualized growth rate of 15.9% on a linked quarter basis.Total deposits of $1.42 billion, flat on a linked quarter basis.Investment advisory line of business Assets Under Management (AUM) reached a record of $675.4 million at June 30, 2023.Key credit quality metrics were excellent with net loan recoverie
LEXINGTON, S.C., April 19, 2023 /PRNewswire/ -- Highlights for First Quarter 2023 Net income of $3.463 millionPre-tax pre-provision earnings of $4.496 millionDiluted EPS of $0.45 per common shareDeposit growth of $34.8 million during the quarter, a 10.0% annualized growth ratePure (non-CD) deposit growth, including customer cash management accounts, of $30.9 million during the quarter, a 9.15% annualized growth rateTotal loan growth of $11.9 million during the quarter, a 4.9% annualized growth rateKey credit quality metrics continued to be strong during the quarter with net lo
Highlights Diluted EPS of $0.53 per common share for the fourth quarter of 2022 and $1.92 per common share for the year of 2022.Net income of $14.613 million for the year of 2022 compared to $15.465 million in 2021.Pre-tax pre-provision earnings of $18.259 million for the year of 2022, compared to $19.982 million for the year of 2021. Total revenue on Paycheck Protection Program (PPP) loans for 2022 was $49 thousand compared to $3.340 million for the year of 2021.Net income of $4.043 million for the fourth quarter of 2022, up 3.2% year-over-year and 2.3% from the linked quarter.Pre-tax pre-provision earnings of $5.184 million for the fourth quarter of 2022, up 5.5% year-over year and 2.7% on
Highlights for Third Quarter of 2022 Net income of $3.951 million, an increase of 26.2% on a linked quarter basis.Diluted EPS of $0.52 per common share for the quarter and $1.39 year-to-date through September 30, 2022.Total loans increased during the third quarter by $33.9 million, an annualized growth rate of 14.7%.Cost of deposits were unchanged on a linked quarter basis at 0.09% for the third quarter of 2022.Margin expansion of 0.36% during the third quarter with net interest margin on a tax equivalent basis of 3.29%.Investment advisory line of business revenue of $1.053 millionStrong credit quality metrics with non-performing assets (NPAs) ratio of 0.36%, past due ratio of 0.04% and net
Increased cash dividend to $0.15 per common share, which is the 90th consecutive quarter of cash dividends paid to common shareholders.
First Community (NASDAQ:FCCO) reported quarterly earnings of $0.42 per share which beat the analyst consensus estimate of $0.36 by 16.67 percent. This is a 2.33 percent decrease over earnings of $0.43 per share from the same period last year. The company reported quarterly sales of $16.33 million which beat the analyst consensus estimate of $15.52 million by 5.22 percent. This is a 7.52 percent increase over sales of $15.19 million the same period last year.
First Community (NASDAQ:FCCO) reported quarterly earnings of $0.34 per share which met the analyst consensus estimate. This is a 24.44 percent decrease over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $15.26 million which beat the analyst consensus estimate of $14.74 million by 3.53 percent. This is a 2.20 percent increase over sales of $14.93 million the same period last year.
Friday marks the last chance for investors to receive the next dividend payout from First Community (NASDAQ:FCCO). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 14 cents per share. On Monday, First Community will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 14 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own FCCO as of the end of Friday's session are eligible to receive the 14 cents dividend
Shares of First Community Corp (NASDAQ:FCCO) rose in premarket trading on Thursday, after the company reported higher-than-expected fourth-quarter earnings. The Lexington, South Carolina-based company’s earnings appear to be reaching a bottom. They should receive a boost from the Federal Reserve’s upcoming rate cuts and “organic growth from the bank’s strong markets in South Carolina and Georgia," according to Raymond James. The First Community Analyst: Steve Moss upgraded the rating for First Community from Market Perform to Outperform, while establishing a price target of $21. Check out other analyst stock ratings. The First Community Thesis: The fourth-quarter earnings beat was driven
Raymond James analyst Steve Moss upgrades First Community (NASDAQ:FCCO) from Market Perform to Outperform and announces $21 price target.
First Community (NASDAQ:FCCO) reported its Q4 earnings results on Wednesday, January 24, 2024 at 09:00 AM. Here's what investors need to know about the announcement. Earnings First Community beat estimated earnings by 16.22%, reporting an EPS of $0.43 versus an estimate of $0.37. Revenue was down $652 thousand from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.15 which was followed by a 1.4% drop in the share price the next day. Here's a look at First Community's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.38 0.39 0.49 0.51 EPS Actual 0.23 0.43 0.45 0.53 Revenue Estimate 14.84M 14.73M 15.87M 15.85M
First Community (NASDAQ:FCCO) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.37 by 16.22 percent. This is a 18.87 percent decrease over earnings of $0.53 per share from the same period last year.
First Community (NASDAQ:FCCO) is set to give its latest quarterly earnings report on Wednesday, 2024-01-24. Here's what investors need to know before the announcement. Analysts estimate that First Community will report an earnings per share (EPS) of $0.37. First Community bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.15, which was followed by a 1.4% drop
SC 13G/A - FIRST COMMUNITY CORP /SC/ (0000932781) (Subject)
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Raymond James upgraded First Community from Mkt Perform to Outperform and set a new price target of $21.00
Raymond James resumed coverage of First Community with a rating of Mkt Perform
Raymond James downgraded First Community from Outperform to Market Perform
Raymond James reiterated coverage of First Community with a rating of Outperform and set a new price target of $23.00 from $21.00 previously
Raymond James reiterated coverage of First Community with a rating of Outperform and set a new price target of $20 from $16 previously
Raymond James reiterated coverage of First Community with a rating of Outperform and set a new price target of $20 from $16 previously
Highlights for Third Quarter of 2024 Net income of $3.861 million.Diluted EPS of $0.50 per common share for the quarter and $1.26 year-to-date through September 30, 2024.Total loans increased during the third quarter by $7.5 million, a 2.5% annualized growth rate. Year-to-date through September 30, 2024, total loans increased $62.6 million, a 7.4% annualized growth rate.Total deposits increased during the third quarter by $39.5 million, an annualized growth rate of 9.8%. Year-to-date through September 30, 2024, total deposits increased $133.1 million, an 11.8% annualized growth rate. Customer deposits (total deposits excluding brokered CDs) increased during the third quarter by $60.0 million
Highlights for Second Quarter of 2024 Net income of $3.265 million during the second quarter of 2024, an increase of 25.7% on a linked quarter basis, and $5.862 million through June 30, 2024.Diluted EPS of $0.42 per common share for the second quarter of 2024 and $0.76 through June 30, 2024, an increase of 23.5% on a linked quarter basis.Net interest margin on a tax equivalent basis of 2.93% with margin expansion of 14 basis points during the second quarter of 2024 compared to the first quarter of 2024.Total loans increased by $31.9 million during the second quarter of 2024, an annualized growth rate of 11.1%.Total deposits were $1.605 billion and customer deposits (excludes brokered CDs) we
LEXINGTON, S.C., April 17, 2024 /PRNewswire/ -- Highlights for First Quarter 2024 Net income of $2.597 million.Diluted EPS of $0.34 per common share.Total deposits were $1.578 billion and customer deposits (excludes brokered CDs) were $1.518 billion at March 31, 2024. Customer deposit growth was $54.7 million during the quarter, a 15.0% annualized growth rate.Total loan growth of $23.3 million during the quarter, an 8.3% annualized growth rate.Key credit quality metrics continue to be excellent with net charge-offs, including overdrafts, during the first quarter of 2024 of $2
LEXINGTON, S.C., Jan. 24, 2024 /PRNewswire/ -- Highlights Net income of $3.297 million for the fourth quarter of 2023 and $11.843 million for the year of 2023.Diluted EPS of $0.43 per common share for the fourth quarter of 2023 and $1.55 per common share for the year of 2023.Total deposits increased $125.6 million, or 9.1%, during the year of 2023 and $19.0 million or 1.3% during the fourth quarter of 2023, an annualized growth rate of 5.0%. Total deposit growth, excluding brokered CDs, of $77.5 million during the year of 2023, a 5.6% growth rate and $19.0 million during the f
Highlights for Second Quarter of 2023 Net income of $3.327 million during the quarter, an increase of 6.3% year-over-year.Pretax pre-provision earnings of $4.433 million during the quarter, an increase of 14.5% year-over-year.Diluted EPS of $0.43 per common share for the quarter and $0.89 year-to-date through June 30, 2023.Total loans increased during the second quarter by $39.4 million, an annualized growth rate of 15.9% on a linked quarter basis.Total deposits of $1.42 billion, flat on a linked quarter basis.Investment advisory line of business Assets Under Management (AUM) reached a record of $675.4 million at June 30, 2023.Key credit quality metrics were excellent with net loan recoverie
LEXINGTON, S.C., April 19, 2023 /PRNewswire/ -- Highlights for First Quarter 2023 Net income of $3.463 millionPre-tax pre-provision earnings of $4.496 millionDiluted EPS of $0.45 per common shareDeposit growth of $34.8 million during the quarter, a 10.0% annualized growth ratePure (non-CD) deposit growth, including customer cash management accounts, of $30.9 million during the quarter, a 9.15% annualized growth rateTotal loan growth of $11.9 million during the quarter, a 4.9% annualized growth rateKey credit quality metrics continued to be strong during the quarter with net lo
Highlights Diluted EPS of $0.53 per common share for the fourth quarter of 2022 and $1.92 per common share for the year of 2022.Net income of $14.613 million for the year of 2022 compared to $15.465 million in 2021.Pre-tax pre-provision earnings of $18.259 million for the year of 2022, compared to $19.982 million for the year of 2021. Total revenue on Paycheck Protection Program (PPP) loans for 2022 was $49 thousand compared to $3.340 million for the year of 2021.Net income of $4.043 million for the fourth quarter of 2022, up 3.2% year-over-year and 2.3% from the linked quarter.Pre-tax pre-provision earnings of $5.184 million for the fourth quarter of 2022, up 5.5% year-over year and 2.7% on
Highlights for Third Quarter of 2022 Net income of $3.951 million, an increase of 26.2% on a linked quarter basis.Diluted EPS of $0.52 per common share for the quarter and $1.39 year-to-date through September 30, 2022.Total loans increased during the third quarter by $33.9 million, an annualized growth rate of 14.7%.Cost of deposits were unchanged on a linked quarter basis at 0.09% for the third quarter of 2022.Margin expansion of 0.36% during the third quarter with net interest margin on a tax equivalent basis of 3.29%.Investment advisory line of business revenue of $1.053 millionStrong credit quality metrics with non-performing assets (NPAs) ratio of 0.36%, past due ratio of 0.04% and net
Highlights for Second Quarter of 2022 Net income of $3.1 million.Diluted EPS of $0.41 per common share for the quarter and $0.87 year-to-date through June 30, 2022.Total loans increased during the second quarter by $40.5 million, an annualized growth rate of 18.6% on a linked quarter basis. Pure (non-CD) deposit growth, including customer cash management accounts, of $46.2 million, an annualized growth rate of 13.4% on a linked quarter basis.Investment advisory line of business revenue of $1.2 million.Cash dividend of $0.13 per common share, which is the 82nd consecutive quarter of cash dividends paid to common shareholders.LEXINGTON, S.C., July 20, 2022 /PRNewswire/ -- Today, First Communi
LEXINGTON, S.C., April 20, 2022 /PRNewswire/ -- Highlights for First Quarter 2022 Net income of $3.5 millionPre-tax pre-provision earnings of $4.2 millionDiluted EPS of $0.46 per common sharePure (non-CD) deposit growth, including customer cash management accounts, of $83.5 million during the quarter, a 25.9% annualized growth rateTotal loan growth of $12.1 million during the quarter. Loan growth, excluding Paycheck Protection Program (PPP) loans was $13.3 million, a 6.3% annualized growth rateKey credit quality metrics continued to be strong during the quarter with net loan r