First Community Corporation Announces Fourth Quarter and Year End 2025 Results and Cash Dividend

Core Viewpoint First Community Corporation reported its financial results for the fourth quarter and full year of 2025, showing significant growth in net income and earnings per share, alongside a strong capital position and asset quality. Financial Performance - Net income for Q4 2025 was $4.830 million, down from $5.192 million in Q3 2025 but up from $4.232 million in Q4 2024, with diluted earnings per share (EPS) at $0.62 compared to $0.67 in Q3 2025 and $0.55 in Q4 2024 [2][3] - For the year ended December 31, 2025, net income increased by 37.6% to $19.205 million from $13.955 million in 2024, with diluted EPS rising 36.5% to $2.47 from $1.81 in 2024 [3] Cash Dividend and Capital Management - The Board approved a cash dividend of $0.16 per common share for Q4 2025, marking the 96th consecutive quarter of dividends [4] - A share repurchase plan of up to $7.5 million was approved, representing approximately 4.5% of total shareholders' equity as of December 31, 2025 [4] Asset Quality - Non-performing assets (NPAs) were 0.02% of total assets at year-end 2025, down from 0.04% at the end of Q3 2025, indicating strong asset quality [6] - The past due ratio for all loans remained stable at 0.07% at year-end 2025 [6] Balance Sheet Highlights - Total loans increased by $31.7 million during Q4 2025, reaching $1.311 billion, with an annualized growth rate of 9.8% [8] - Total deposits were $1.750 billion at December 31, 2025, reflecting a 4.4% increase from $1.676 billion at the end of 2024 [9] Revenue Generation - Net interest income for the year ended December 31, 2025, rose 19.2% to $62.0 million from $52.0 million in 2024, with a net interest margin of 3.32% for Q4 2025 [11] - Total non-interest income for Q4 2025 was $4.288 million, compared to $4.469 million in Q3 2025 and $3.608 million in Q4 2024 [14] Acquisition Update - The acquisition of Signature Bank of Georgia was completed on January 8, 2026, providing entry into a new market and a new line of business focused on SBA and government-guaranteed lending [17]