Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors o ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that ...

After reaching an important support level, First Community Corporation (FCCO) could be a good stock pick from a technical perspective. FCCO recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average. Over the past four weeks, FCCO has gained 35.1%. The company currently sits at a #1 (Strong Buy) on the Zacks Rank, also indicating that the stock could be poised for a breakout. the near future. Considered an important signifier ...

Investors might want to bet on First Community (FCCO) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this holding company for First Community Bank, should get reflected in its stock price. After all, empirical research shows ...

| --- | --- | --- | |-------|-------|-------------------------------------------------------------------| | | | News Release For Release July 17, 2024 9:00 A.M. | | | | | | | | Contact: (803) 951- 2265 | | | | D. Shawn Jordan, EVP & Chief Financial Officer or | | | | Robin D. Brown, EVP & Chief Marketing Officer | | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

First Community (FCCO) reported $16.34 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 7.5%. EPS of $0.42 for the same period compares to $0.43 a year ago. Here is how First Community performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Interest Margin (taxable equivalent): 2.9% versus 2.8% estimated by two analysts on average. Efficiency Ratio: 72.8% versus the two-analyst average estima ...

First Community (FCCO) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates two times. First Community, which belongs to the Zacks Banks - Southeast industry, posted revenues of $16.34 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate b ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Commission File Number: 000-28344 FIRST COMMUNITY CORPORATION (Exact name of registrant as specified in its charter) South Carolina 57-1010751 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 5455 Sunset Boulevard, Lexington, South Carolina 29072 (Address of principal executive offices) (Zip Code) (803) 951-2265 (Registrant's telephone number, including area code) N ...

Financial Performance - First Community Corporation reported net income of $2.597 million for Q1 2024, with diluted earnings per share of $0.34, down from $3.463 million and $0.45 in Q1 2023[4]. - Net income for the three months ended March 31, 2024, was $2,597 thousand, down from $3,297 thousand in the previous quarter and $3,463 thousand in the same quarter last year, indicating a decline of 25% year-over-year[28]. - Return on average assets decreased to 0.56% for the three months ended March 31, 2024, compared to 0.72% in the previous quarter and 0.83% in the same quarter last year[28]. - Return on average tangible common equity (non-GAAP) decreased to 8.95% for the three months ended March 31, 2024, down from 11.93% for the same period in 2023[30]. - The company reported a decrease in pre-tax, pre-provision earnings adjustment of $859 million for the three months ended March 31, 2024[30]. Deposits and Loans - Total deposits increased to $1.578 billion, reflecting a growth of $67.1 million or 17.9% annualized compared to $1.511 billion at December 31, 2023[10]. - Customer deposit growth was $54.7 million during the quarter, representing a 15.0% annualized growth rate[5]. - Total loans increased by $23.3 million to $1.157 billion, an 8.3% annualized growth rate, driven by growth in residential and commercial loan portfolios[16]. - Total loans amounted to $1,157,305 thousand as of March 31, 2024, an increase from $1,134,019 thousand at December 31, 2023, and $992,720 thousand at March 31, 2023, showing a year-over-year growth of 16.5%[27]. - The loan to deposit ratio (including loans held-for-sale) was 73.45% as of March 31, 2024, down from 75.34% at the end of 2023[26]. Income and Expenses - Non-interest income for Q1 2024 was $3.184 million, up from $2.931 million in Q4 2023 and $2.575 million in Q1 2023[19]. - Non-interest income increased to $3,184 thousand for the three months ended March 31, 2024, up from $2,931 thousand in the previous quarter and $2,575 thousand in the same quarter last year, reflecting a growth of 23.6% year-over-year[28]. - Non-interest expense increased by $1.125 million to $11.805 million in Q1 2024 from $10.680 million in Q4 2023, driven by higher salaries and benefits, marketing expenses, and other costs[20]. - Salaries and benefits expense rose by $689 thousand, primarily due to $389 thousand in higher incentive accruals and increased payroll taxes[20]. Capital and Assets - The bank's regulatory capital ratios were above required minimums, with a Tier I Risk Based ratio of 12.65% as of March 31, 2024[6]. - The bank's tangible book value per share increased to $15.51 at March 31, 2024, up from $15.23 at December 31, 2023[7]. - Total assets increased to $1,886,991 thousand as of March 31, 2024, up from $1,827,688 thousand at the end of 2023[26]. - Average total assets increased to $1,857,716 thousand as of March 31, 2024, up from $1,809,653 thousand at December 31, 2023, and $1,695,654 thousand at March 31, 2023, representing a year-over-year growth of 9.6%[27]. - The company reported a book value per common share of $17.50 as of March 31, 2024, up from $17.23 at the end of 2023[26]. Dividends and Future Plans - Cash dividend of $0.14 per common share was declared, marking the 89th consecutive quarter of cash dividends paid[6]. - The company plans to close its banking office in Augusta, Georgia, effective June 27, 2024, with estimated annual cost savings of $327 thousand[21]. Risks and Non-GAAP Measures - The company highlighted potential risks including competitive pressures, economic conditions, and technology risks that could impact future performance[23]. - The company emphasizes that non-GAAP measures are useful for evaluating operating results but should not be considered in isolation from GAAP results[31]. - Definitions of non-GAAP measures include tangible book value per common share and pre-tax, pre-provision earnings, which are critical for financial analysis[32].