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First Community Corp - FCCO STOCK NEWS

Welcome to our dedicated page for First Community news (Ticker: FCCO), a resource for investors and traders seeking the latest updates and insights on First Community stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect First Community's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of First Community's position in the market.

Rhea-AI Summary

First Community Corporation (NASDAQ: FCCO) reported a diluted EPS of $0.53 for Q4 2022, with net income reaching $4.043 million, a 3.2% increase year-over-year. For the entire year, net income amounted to $14.613 million, slightly down from $15.465 million in 2021. Revenue from PPP loans dropped significantly to $49,000, down from $3.34 million in 2021. The company declared an increased cash dividend of $0.14 per share, payable on February 14, 2023. Total loans grew by 13.6% annually, with a notable commercial loan production of $257.9 million for 2022. Asset quality remains strong with non-performing assets at just 0.35%.

Rhea-AI Impact
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End-of-Day
-0.14%
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dividends
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Rhea-AI Summary

First Community Corporation (FCCO) reported net income of $3.951 million for Q3 2022, marking a 26.2% increase from the previous quarter, with a diluted EPS of $0.52. Year-to-date, net income is $10.570 million, down from $11.546 million last year. Total loans rose by $33.9 million (annualized growth rate of 14.7%), while net interest income increased 15.8% to $12.794 million. The bank will pay a cash dividend of $0.13 on November 15, 2022, marking its 83rd consecutive quarter of dividends.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.83%
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dividends earnings
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Rhea-AI Summary

First Community Corporation (FCCO) reported a net income of $3.1 million for Q2 2022, a decrease from $3.5 million in Q2 2021. Diluted EPS fell to $0.41 from $0.47 year-over-year. Total loans increased by $40.5 million, an annualized growth rate of 18.6%, while total deposits rose to $1.469 billion. The company declared a $0.13 cash dividend, marking the 82nd consecutive quarter of dividends. The non-performing assets ratio stood at 0.58%, with commercial loan production reaching $80.3 million.

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End-of-Day
0.65%
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dividends earnings
Rhea-AI Summary

First Community Corporation (FCCO) reported a net income of $3.5 million for Q1 2022, with a diluted EPS of $0.46, marking a decline from the previous quarter's $3.9 million and $0.52. Cash dividends of $0.13 per common share will be paid on May 17, 2022, continuing an 81-quarter streak. The company achieved deposit growth of $83.5 million, a 25.9% annualized growth rate. Loan growth was $12.1 million, excluding PPP loans. Though investment advisory revenue rose to $1.2 million, mortgage revenue fell to $839,000 amid rising interest rates.

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End-of-Day
-0.15%
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dividends
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Rhea-AI Summary

First Community Bank is expanding its operations in York County, South Carolina, by opening a loan production office in Rock Hill. The new office will be led by Catherine H. Faircloth, alongside experienced bankers Michael Clowney and Anne Lambert. With a strong focus on local businesses, the bank aims to enhance financial solutions in the area, which is experiencing significant economic growth. First Community, established in 1995, aims to open a full-service banking office following the initial setup.

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Rhea-AI Sentiment
End-of-Day
0.39%
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none
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Rhea-AI Summary

First Community Corporation (NASDAQ: FCCO) reported a net income of $15.465 million for 2021, reflecting a 53.1% increase over 2020. The fourth quarter net income was $3.919 million, up 14.1% year-over-year but down 17.5% from the previous quarter. Diluted EPS for 2021 was $2.05 per share. Total loan growth was $19.5 million (2.3%), with a decline of $17.8 million in Q4. Asset quality remained strong with non-performing assets at 0.09%. An increased cash dividend of $0.13 reflects 80 consecutive quarters of dividends.

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End-of-Day
0.61%
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dividends earnings
Rhea-AI Summary

First Community Corporation (FCCO) reported a strong Q3 2021, with net income of $4.748 million, marking a 79% year-over-year increase and a 34% increase from Q2. Diluted EPS rose to $0.63 per share. Total loans grew by $41.3 million, at an annualized rate of 19.9%. Non-performing assets remained low at 0.10%. The company declared a $0.12 cash dividend, its 79th consecutive payment. However, the bank's regulatory capital ratios showed slight declines compared to last year. Overall, strong performance milestones indicate solid growth and financial health.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.08%
Tags
dividends earnings
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Rhea-AI Summary

First Community Corporation (FCCO) reported a 59.8% year-over-year increase in net income to $3.543 million for Q2 2021, with diluted EPS up to $0.47. Year-to-date net income reached $6.798 million, a 69.5% increase from 2020. Total loans grew by $9.3 million (4.3% annualized) and pure deposits rose by $19.3 million (6.4% annualized). The Board declared a cash dividend of $0.12 per share, payable August 17, 2021. The bank's capital ratios exceed regulatory requirements with strong loan quality metrics. Non-interest income increased, driven by investment advisory services.

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End-of-Day
0.74%
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dividends
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Rhea-AI Summary

First Community Corporation announces the appointment of Jan Hollar to its board of directors. With over 40 years in community banking, Hollar's background includes executive roles at HCSB Financial Corporation and leadership in various bank operations. She is a licensed CPA in South Carolina and North Carolina and has served in philanthropic efforts. President and CEO Mike Crapps emphasizes her invaluable expertise, while Chairman Jimmy Chao praises her diverse experience, anticipating positive contributions to the bank's future.

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Rhea-AI Sentiment
End-of-Day
4.22%
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management
Rhea-AI Summary

First Community Corporation announces the retirement of J. Thomas "Tommy" Johnson from its board after 17 years of service, effective May 19, 2021. His successor, Chimin J. "Jimmy" Chao, will take over as chairman, with W. James "Jim" Kitchens, Jr. becoming vice chairman. Mr. Johnson, who has been on the board since 2004, played a significant role during the acquisition of Newberry Federal Savings Bank. Mr. Chao and Mr. Kitchens bring extensive industry experience to their new leadership roles, positioning the board to continue its commitment to First Community's growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.98%
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management

FAQ

What is the current stock price of First Community (FCCO)?

The current stock price of First Community (FCCO) is $24 as of December 20, 2024.

What is the market cap of First Community (FCCO)?

The market cap of First Community (FCCO) is approximately 185.4M.

First Community Corp

Nasdaq:FCCO

FCCO Rankings

FCCO Stock Data

185.44M
7.31M
4.04%
56.39%
0.1%
Banks - Regional
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United States of America
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