First Community (FCCO) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - First Community (FCCO) reported revenue of $16.98 million for the quarter ended September 2024, reflecting a year-over-year increase of 21.6% [1] - Earnings per share (EPS) for the quarter was $0.50, up from $0.23 in the same quarter last year, indicating significant growth [1] - The reported revenue exceeded the Zacks Consensus Estimate of $16.65 million by 1.99%, while the EPS surpassed the consensus estimate of $0.45 by 11.11% [1] Financial Metrics - The net interest margin (taxable equivalent) was reported at 3%, matching the average estimate from two analysts [3] - The efficiency ratio stood at 70.5%, better than the average estimate of 72% from two analysts [3] - Total non-interest income was $3.57 million, slightly above the average estimate of $3.55 million from two analysts [3] Stock Performance - Over the past month, shares of First Community have returned -1.8%, contrasting with the Zacks S&P 500 composite's increase of +3.5% [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), suggesting potential for outperformance in the near term [3]