First Community Corporation

First Community Corporation Announces Third Quarter Results and Cash Dividend

First Community Corporation posted Q3 2026 net income of $8.044 million, up 54.9% year-over-year, with diluted EPS of $0.85 versus $0.67 a year earlier. Net interest margin expanded eight basis points to 3.59% — the tenth consecutive quarter of expansion — while loans grew $32.1 million in the quarter to $1.610 billion and credit quality stayed pristine with NPAs at just 0.04%. Results include the January 2026 acquisition of Signature Bank of Georgia, which contributed $195.7 million of year-to-date loan growth; organic nine-month loan growth was $103.7 million. The board approved a $0.17 per share cash dividend, the company's 99th consecutive quarterly dividend, payable November 17, 2026.

•4d ago

FCCO: 8-K · other

First Community Corporation furnished an investor presentation as Exhibit 99.1 to an Item 7.01 Form 8-K dated September 8, 2026, for use by management in meetings with investors on September 9-10, 2026 at the Raymond James 2026 U.S. Bank and Banking on Tech Conference in Chicago. The deck recaps 2Q26 fundamentals: $2.4 billion of total assets and 23 banking offices at June 30, 2026, first-half 2026 loan growth of $71.6 million (11.0% annualized), deposits of $2,121.4 million, and nine consecutive quarters of net interest margin expansion since the inflection began in 2Q24. It also details the Signature Bank of Georgia acquisition, which closed January 8, 2026 and added $195.7 million of loans and $229.8 million of deposits while establishing a presence in the Atlanta-Sandy Springs-Roswell MSA, with tangible book value dilution earning back in 2.2 years and roughly 35 bps of TCE/TA improvement. Slides reaffirm previously announced items: Bank CEO and President J. Ted Nissen retires effective December 31, 2026, with Vaughan Dozier and Drew Painter promoted to bank CEO and President on January 1, 2027; the quarterly dividend was raised to $0.17 per share in July 2026, and a plan to repurchase up to $7.5 million of common stock was announced May 7, 2026.

SEC 8-K•1mo ago

FCCO: 10-Q · periodic report

First Community Corporation reported Q2 2026 net income of $7.6 million, or $0.80 diluted EPS, up from $5.2 million, or $0.67, a year earlier, as the Signature Bank of Georgia acquisition and organic loan growth lifted results. Net interest income rose 27.3% to $19.5 million and net interest margin expanded 31 basis points to 3.50%, driven by a $310.6 million increase in average earning assets that included $195.7 million of loans acquired from SGBG. The SGBG merger closed January 8, 2026 for approximately $49.7 million in stock (1.66 million shares at a 0.6410 exchange ratio), adding $228.2 million of deposits, a new government guaranteed lending segment generating $704,000 of Q2 fees, and $14.8 million of goodwill. Credit quality remained manageable with a $126,000 quarterly provision and an $18.5 million allowance, though $503,000 of Q2 merger expense signals integration costs will continue through the remainder of 2026.

SEC 10-Q•2mo ago

FCCO: 8-K · other

First Community Corporation furnished an investor presentation as Exhibit 99.1 to this 8-K under Item 7.01 for management meetings with investors on August 11, 2026 at a Hovde Virtual Non-Deal Roadshow. The materials were furnished rather than filed and largely recap disclosures made in the company's July 22, 2026 press release. The deck highlights a $2.4 billion balance sheet with 23 banking offices as of June 30, 2026, first-half 2026 loan growth of $71.6 million (11.0% annualized, excluding $195.7 million of acquired Signature Bank loans), and nine consecutive quarters of net interest margin expansion. Total deposits stood at $2,121.4 million, including $229.8 million from the Signature Bank of Georgia acquisition that closed January 8, 2026. A staged leadership transition is underway: First Community Bank CEO and President Ted Nissen retires December 31, 2026, with Vaughan Dozier becoming Bank CEO and Drew Painter becoming Bank President on January 1, 2027, while Michael Crapps continues as President and CEO of the holding company. Nissen will remain as a consultant and advisor through December 31, 2027 to support the transition. Capital returns continue, with the quarterly dividend raised to $0.17 per share payable August 18, 2026, and a plan to use up to $7.5 million for share repurchases announced May 7, 2026. The presentation also cites a 314.1% CRE-to-risk-based-capital ratio and a 2.2-year tangible book value earnback on the Signature deal.

SEC 8-K•2mo ago

First Community Corporation Announces Leadership Transition, Second Quarter Results and Increased Cash Dividend

First Community reported Q2 net income of $7.6 million, up 46.5% year-over-year, driven by a 14-basis point expansion in net interest margin to 3.51%. The bank announced a succession plan where Bank CEO J. Ted Nissen retires Dec 31, succeeded by internal hires Vaughan Dozier as CEO and Drew Painter as President effective Jan 1, 2027. The board raised the quarterly cash dividend to $0.17 per share, marking the 98th consecutive quarter of payouts, while maintaining strong capital ratios.

•3mo ago

FCCO: 8-K · other

First Community Corporation (FCCO) filed an 8-K to furnish investor presentation materials for the 2026 Performance Trust Capital Connect Conference, highlighting strong first-quarter 2026 results. The company reported GAAP net income of $5.5 million and core net income of $6.8 million, driven by organic growth and the successful integration of the Signature Bank of Georgia acquisition completed in January 2026. The presentation underscores robust financial metrics, including a net interest margin of 3.32%, total assets of approximately $2.4 billion, and a loan portfolio growing at a 13.1% annualized rate. First Community also announced a $7.5 million share repurchase program, representing 3.4% of shareholders’ equity, and noted its 97th consecutive quarter of dividend payments with a current yield of 2.11%. Management highlighted the strategic benefits of the Signature Bank acquisition, which expanded its presence in the Atlanta market and added Government Guaranteed Lending (GGL) and SBA lending capabilities. The company achieved Preferred Lender Status from the SBA in April 2026, further strengthening its fee income generation through government-guaranteed loans.

SEC 8-K•4mo ago

FCCO: 10-Q · periodic report

First Community Corporation reported net income of $5.5 million for the first quarter of 2026, a 37% increase year-over-year, driven by higher net interest income and the integration of Signature Bank of Georgia. Diluted earnings per share rose to $0.59 from $0.51 in the prior year period, reflecting the accretive nature of the recent acquisition. The company’s balance sheet expanded significantly, with total assets reaching $2.4 billion and total loans growing to $1.5 billion. This growth was primarily fueled by the January 2026 acquisition of Signature Bank of Georgia, for which the company issued approximately 1.7 million shares of common stock valued at $49.7 million. Operational metrics remained strong, with the net interest margin improving to 3.35% from 3.12% year-over-year. Credit quality remained stable with a non-performing asset ratio of just 0.04%, and the company reported a modest provision for credit losses of $193,000.

SEC 10-Q•5mo ago

First Community Corporation Announces First Quarter Results and Cash Dividend

First Community reported Q1 2026 net income of $5.498 million, a 37.6% year-over-year increase, supported by an eighth consecutive quarter of net interest margin expansion to 3.37%. The recent acquisition of Signature Bank drove significant balance sheet growth, with total deposits rising to $2.048 billion and total loans increasing to $1.549 billion. The Board of Directors declared a $0.16 per share cash dividend, payable May 19, 2026, marking the 97th consecutive quarter of dividend payments.

•6mo ago