Core Insights - First Community Corporation (NASDAQ:FCCO) reported strong quarterly earnings for the period ending December 2025, with earnings per share (EPS) of $0.69, surpassing the estimated $0.68, and revenue of $20.6 million, exceeding the forecasted $20.2 million [1][6] Financial Performance - The company's revenue of $20.6 million represents a 17.9% increase from the previous year, exceeding the Zacks Consensus Estimate of $20.23 million, resulting in a positive surprise of 1.86% [2] - FCCO's EPS of $0.69 for the quarter shows a significant improvement from $0.55 a year ago, delivering a 1.47% surprise over the consensus estimate [3] - In the previous quarter, FCCO reported earnings of $0.72 per share against an anticipated $0.67, resulting in a 7.46% surprise, indicating a trend of surpassing consensus EPS estimates [4] Valuation Metrics - FCCO's financial metrics include a P/E ratio of 11.71 and a price-to-sales ratio of 2.04, suggesting a reasonable market valuation [5] - The company's debt-to-equity ratio of 0.72 indicates a moderate level of debt, while an earnings yield of 8.54% reflects solid earnings generation per dollar invested [5][6]

Earlier this morning, First Community Corporation ( FCCO ) released its final quarterly results for 2025. GAAP earnings of $0.66 per share missed expectations by $0.02 and fell short of earnings in Q3 by $0.05. ForI have been involved in the financial world for over 20 years with experience as an advisor, teacher, and writer. I am a full believer in the free-market system and that financial markets are efficient with most stocks reflecting their real current value. The best opportunities for profits on indi ...

Financial Performance - Net income for Q4 2025 was $4.830 million, a decrease from $5.192 million in Q3 2025, while net income for the year was $19.205 million, up 37.6% from $13.955 million in 2024[2][4] - Diluted EPS for Q4 2025 was $0.62, down from $0.67 in Q3 2025, and for the year, it was $2.47, an increase of 36.5% from $1.81 in 2024[3][4] - Net income for the three months ended December 31, 2025, was $4,830,000, a 14.1% increase from $4,232,000 in the same period of 2024[24] - The company reported net income excluding the after-tax effect of merger expenses (non-GAAP) of $5,357 million for December 2025, compared to $4,232 million in December 2024, a growth of 26.5%[27] Loan and Deposit Growth - Total loan growth for 2025 was $90.5 million, or 7.4%, with Q4 growth of $31.7 million, an annualized growth rate of 9.8%[2][8] - Total deposits increased by $73.6 million, or 4.4%, for the year, but decreased by $21.6 million, or 1.2%, in Q4 2025[2][9] - Average loans rose to $1,302,826 thousand in Q4 2025, up from $1,211,880 thousand in Q4 2024, marking an increase of 7.5%[23] Asset Management - Assets under management (AUM) in the investment advisory line reached a record $1.170 billion at year-end 2025, up from $1.103 billion at Q3 2025[2] - Total revenue in the investment advisory line for 2025 was $7.565 million, up from $6.181 million in 2024, with AUM ending at $1.170 billion[14] - The book value per common share increased to $21.78 as of December 31, 2025, from $21.01 at September 30, 2025[22] Income and Expenses - Net interest income for 2025 increased by 19.2% to $62.0 million compared to $52.0 million in 2024[11] - Total non-interest expense for Q4 2025 was $13.827 million, an increase of $153 thousand from Q3 2025[15] - Non-interest income totaled $4,288,000 for the three months ended December 31, 2025, compared to $3,608,000 in the same period of 2024, reflecting an increase of 18.8%[24] Capital Ratios and Equity - The bank's regulatory capital ratios exceeded well-capitalized minimum levels, with a Tier I Risk Based ratio of 13.11% as of December 31, 2025[5] - Shareholders' equity increased to $164,514 thousand as of December 31, 2025, from $143,726 thousand in the previous year, a growth of 14.4%[25] - The Tier 1 Capital Ratio was 13.11% as of December 31, 2025, compared to 13.10% at September 30, 2025[22] Efficiency and Profitability Metrics - The efficiency ratio improved to 64.51% for the three months ended December 31, 2025, down from 66.67% in the same period of 2024, indicating better cost management[24] - Return on average assets increased to 0.92% for the three months ended December 31, 2025, compared to 0.86% in the same period of 2024[24] - Return on average common equity was 11.65% for the three months ended December 31, 2025, slightly down from 11.71% in the same period of 2024[24] Acquisitions - The company completed the acquisition of Signature Bank of Georgia on January 8, 2026[2] - First Community Corporation completed the acquisition of Signature Bank of Georgia on January 8, 2026, which reported $197.8 million in loans and $235.3 million in deposits as of December 31, 2025[16] Non-Performing Assets - Total nonperforming assets decreased to $372 thousand in Q4 2025 from $881 thousand in Q4 2024, a reduction of 57.8%[23] - Net charge-offs for the twelve months ended December 31, 2025, were $52 thousand, down from $65 thousand in the previous year, indicating a decline of 20.0%[23]

First Community (FCCO) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +1.47%. A quarter ago, it was expected that this holding company for First Community Bank would post earnings of $0.67 per share when it actually produced earnings of $0.72, delivering a surprise of +7.46%.Over the ...

LEXINGTON, S.C., Jan. 28, 2026 /PRNewswire/ -- Highlights Net income of $4.830 million for the fourth quarter of 2025 and $19.205 million for the year ended December 31, 2025. Net income, excluding the after-tax effect of merger expenses, of $5.357 million for the fourth quarter of 2025, and $20.348 million for the year ended December 31, 2025. Diluted EPS of $0.62 per common share for the fourth quarter of 2025 and $2.47 per common share for the year ended December 31, 2025. Diluted EPS per common share, ...

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Core Viewpoint - First Community Corporation has successfully completed the acquisition of Signature Bank of Georgia, enhancing its asset base and expanding its banking network [1][2][3] Group 1: Acquisition Details - The acquisition of Signature Bank was finalized on January 8, 2026, with Signature Bank merging into First Community Bank [1] - The deal is valued at approximately $50 million as of December 31, 2025, with Signature Bank shareholders receiving 0.6410 shares of First Community's common stock for each share of Signature Bank [3] - Following the merger, the combined entity has over $2.3 billion in assets, $2.1 billion in deposits, and $1.5 billion in loans [2] Group 2: Operational Impact - The former offices of Signature Bank will operate under the name First Community Bank d/b/a Signature Bank of Georgia until the systems conversion is completed in March 2026 [2] - The merger creates a banking office network of 23 full-service offices and a loan production office across various regions in South Carolina and Georgia [2] Group 3: Leadership Changes - Two new directors have been appointed to the boards of First Community and First Community Bank: Fred J. Deutsch as a non-independent director and Jonathan W. Been as an independent director [4]

Investors might want to bet on First Community (FCCO) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changi ...

Group 1 - First Community Corporation announced its earnings release schedule for 2026, with the fourth quarter of 2025 earnings set to be released on January 28, 2026 [1] - The earnings releases for 2026 will occur on April 22, July 22, and October 21, with all releases scheduled for approximately 9:00 am Eastern Time [1] Group 2 - First Community Corporation is the holding company for First Community Bank, which operates as a full-service commercial bank in South Carolina and Georgia [2] - The bank offers a range of services including deposit and loan products, residential mortgage lending, and financial planning/investment advisory services [2] - First Community Bank serves customers in various regions including the Midlands, Aiken, Upstate, and Piedmont Regions of South Carolina, as well as Augusta, Georgia [2]

Financial Performance - Net income for Q3 2025 increased by $1.3 million to $5.2 million, or $0.67 diluted earnings per share, compared to $3.9 million, or $0.50 diluted earnings per share in Q3 2024[117] - Net interest income rose by $2.6 million, contributing significantly to the increase in net income[117] - Non-interest income increased by $899,000, indicating growth in fee-based services[117] - Provision for credit losses increased by $217,000, reflecting a cautious approach to potential loan defaults[117] - Total non-interest expense rose by $1.7 million, impacting overall profitability[117] - Income tax expense increased by $250,000, affecting net income[117] - Net interest income increased by $7.5 million to $45.7 million for the nine months ended September 30, 2025, compared to $38.2 million for the same period in 2024[145] - Non-interest income rose by $2.3 million to $12.7 million for the nine months ended September 30, 2025, compared to $10.4 million during the same period in 2024[160] - Net income for the nine months ended September 30, 2025, increased by $4.7 million to $14.4 million, or $1.85 diluted earnings per share, compared to $9.7 million, or $1.26 diluted earnings per share, for the same period in 2024[143] Interest Income and Loans - Average loans rose by $80.7 million, or 6.7%, to $1.3 billion for the three months ended September 30, 2025, from $1.2 billion in the same period in 2024[121] - Net interest income increased by $2.6 million, or 19.3%, to $16.0 million for the three months ended September 30, 2025, compared to $13.4 million for the same period in 2024[120] - The net interest margin improved by 0.31% to 3.26% during the three months ended September 30, 2025, compared to 2.95% during the same period in 2024[120] - The yield on loans increased by 0.11% to 5.84% during the three months ended September 30, 2025, from 5.73% during the same period in 2024[121] - Average loans increased by $85.2 million, or 7.2%, to $1.3 billion for the nine months ended September 30, 2025, compared to $1.2 billion for the same period in 2024[149] - The yield on loans increased to 5.78% during the nine months ended September 30, 2025, up from 5.59% during the same period in 2024[149] Non-Interest Income - Non-interest income increased by $899,000 to $4.5 million for the three months ended September 30, 2025, from $3.6 million in the same period in 2024[133] - Mortgage banking income increased by $359,000 to $934,000 during the three months ended September 30, 2025, with total production in the mortgage line of business reaching $51.6 million[134] - Investment advisory fees rose by $267,000 to $1.9 million during the three months ended September 30, 2025, with total assets under management increasing to $1.1 billion[135] - Mortgage banking income increased by $913,000 to $2.6 million during the nine months ended September 30, 2025, compared to $1.7 million during the same period in 2024[162] - Investment advisory fees and non-deposit commissions rose by $958,000 to $5.4 million during the nine months ended September 30, 2025, from $4.5 million in the same period in 2024[163] Expenses - Total non-interest expense increased by $3.9 million to $13.7 million for the three months ended September 30, 2025, compared to $12.0 million in the same period in 2024[138] - Salaries and employee benefits expense increased by $637,000 to $8.1 million during the three months ended September 30, 2025, driven by normal salary adjustments and higher commissions[138] - Non-interest expense increased by $3.9 million to $39.5 million during the nine months ended September 30, 2025, compared to $35.6 million during the same period in 2024[167] - Salaries and employee benefits expense increased by $2.0 million to $23.8 million during the nine months ended September 30, 2025, from $21.8 million in the same period in 2024[167] Tax and Regulatory Considerations - The effective tax rate decreased to 21.19% during the three months ended September 30, 2025, compared to 22.89% during the same period in 2024[123] - The effective tax rate decreased to 21.2% for the three months ended September 30, 2025, from 22.9% in the same period in 2024, due to a non-recurring adjustment[141] - The effective tax rate was 22.10% for the nine months ended September 30, 2025, compared to 21.42% for the same period in 2024[171] Mergers and Acquisitions - A merger agreement with Signature Bank was entered into on July 13, 2025, with each share of Signature Bank common stock converting into 0.6410 shares of the company's common stock[111][112] - The company incurred merger expenses of $575,000 during the three months ended September 30, 2025, primarily for legal and professional fees related to the merger with Signature Bank[138] Asset and Deposit Growth - The company had $1.6 billion in pure deposits plus customer cash management repurchase agreements as of September 30, 2025, up from $1.4 billion a year earlier[125] - Total deposits increased by $95.3 million, or 5.7%, to $1.8 billion at September 30, 2025, compared to $1.7 billion at December 31, 2024[198] - Pure deposits, defined as total deposits less certificates of deposits, increased by $86.5 million, or 6.3%, to $1.46 billion at September 30, 2025[198] - Assets increased by $108.6 million, or 5.5%, to $2.1 billion at September 30, 2025, driven by increases in interest-bearing bank balances and loans held for investment[182] Capital and Liquidity - The Bank's Common Equity Tier 1 capital ratio is 13.10%, significantly above the minimum requirement of 4.5%[225] - The Bank's total capital ratio stands at 14.15% as of September 30, 2025, exceeding the minimum requirement of 8.0%[231] - The Bank maintains a leverage ratio of 8.55% as of September 30, 2025, exceeding the minimum requirement of 4.0%[231] - The Bank's liquidity management strategy includes access to federal funds purchased lines totaling $102.5 million, with no utilization as of September 30, 2025[221] Dividend Policy - The Board of Directors approved a cash dividend of $0.16 per common share for Q3 2025, payable on November 18, 2025, to shareholders of record as of November 4, 2025[232] - The ability to declare and pay dividends is subject to federal and state regulatory considerations, including guidelines from the Federal Reserve[232] - Regulatory policies may restrict the ability to pay dividends if a subsidiary bank becomes undercapitalized[232] - The company operates as a separate legal entity from the Bank and relies on the Bank's ability to pay dividends, which is also subject to regulatory restrictions[233]