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 |
|---|---|---|---|
| 2/4/2025 | $30.00 | Neutral → Buy | Janney |
| 1/23/2025 | $28.00 → $29.00 | Outperform | Hovde Group |
| 1/23/2025 | $27.00 → $30.00 | Outperform → Strong Buy | Raymond James |
| 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 |
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LEXINGTON, S.C., Jan. 22, 2025 /PRNewswire/ -- Highlights Net income of $4.232 million for the fourth quarter of 2024 and $13.955 million for the year of 2024.Diluted EPS of $0.55 per common share for the fourth quarter of 2024 and $1.81 per common share for the year of 2024.Total deposits increased $164.9 million, or 10.9%, during the year of 2024 and $31.8 million or 1.9% during the fourth quarter of 2024, an annualized growth rate of 7.7%. Total deposit growth, excluding brokered CDs, was $202.6 million during the year of 2024, a 13.8% growth rate and $43.8 million during t
LEXINGTON, S.C., Jan. 3, 2025 /PRNewswire/ -- First Community announced today that Sarah Donley has been named Executive Vice President and Chief Operations & Risk Officer. Ms. Donley succeeds retiring Tanya Butts who has served in this role since 2016. Ms. Donley joined First Community in 1997 and most recently served as Controller. As Chief Operations and Risk Officer, Donley will be responsible for electronic banking, deposit operations, loan operations, IT, information security, vendor management, audit, compliance, financial crimes (CFT/AML), fraud, facilities, and physic
LEXINGTON, S.C., Dec. 18, 2024 /PRNewswire/ -- Today, First Community Corporation (NASDAQ:FCCO), the holding company for First Community Bank, announced the company's earnings release schedule for 2025. Fourth Quarter of 2024 on Wednesday, January 22, 2025First Quarter of 2025 on Wednesday, April 23, 2025Second Quarter of 2025 on Wednesday, July 23, 2025Third Quarter of 2025 on Wednesday, October 22, 2025 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
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
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Janney upgraded First Community from Neutral to Buy and set a new price target of $30.00
Hovde Group reiterated coverage of First Community with a rating of Outperform and set a new price target of $29.00 from $28.00 previously
Raymond James upgraded First Community from Outperform to Strong Buy and set a new price target of $30.00 from $27.00 previously
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
LEXINGTON, S.C., Jan. 22, 2025 /PRNewswire/ -- Highlights Net income of $4.232 million for the fourth quarter of 2024 and $13.955 million for the year of 2024.Diluted EPS of $0.55 per common share for the fourth quarter of 2024 and $1.81 per common share for the year of 2024.Total deposits increased $164.9 million, or 10.9%, during the year of 2024 and $31.8 million or 1.9% during the fourth quarter of 2024, an annualized growth rate of 7.7%. Total deposit growth, excluding brokered CDs, was $202.6 million during the year of 2024, a 13.8% growth rate and $43.8 million during t
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