#United States #Cash Dividend #Lexington #First Community #Q3 Earnings

First Community Corporation Announces Q3 Results

Overview

First Community Corporation (Nasdaq: FCCO), the holding company for First Community Bank, has reported its financial results for the third quarter of 2025. The figures reflect a strong performance with notable increases in net income and dividends paid to shareholders. In this article, we will delve into the specifics of their financial outcomes, capital management strategies, and other relevant insights.

Key Financial Highlights

• - Net Income: The company reported a net income of $5.192 million for the third quarter of 2025. This figure represents a significant 34.5% increase year-over-year. Notably, when excluding the after-tax effect of merger expenses, net income rises to $5.630 million, marking a 45.8% increase from the same period last year.

• - Earnings Per Share: Diluted earnings per share (EPS) stood at $0.67, reflecting a 34.0% increase year-over-year. Excluding merger expenses, diluted EPS reached $0.72, showcasing a 44.0% annual increase.

• - Year-to-date Performance: For the nine months ending September 30, 2025, First Community recorded a net income of $14.375 million, an incredible 47.8% increase over the same period in 2024. This translates to a diluted EPS of $1.85, a 46.8% rise compared to 2024.

Loan and Deposit Growth

First Community demonstrated robust growth in its lending and deposits:

• - Loans: Total loans increased by $19.3 million in the third quarter, representing a 6.1% annualized growth rate. Year-to-date, total loans have increased to $58.8 million, with a 6.4% annualized growth rate.
• - Deposits: Total deposits for the third quarter saw an increase of $17.1 million, achieving a 3.9% annualized growth rate. Year-to-date, deposits have grown by $95.3 million, translating to a 7.6% annualized growth rate.
• - Customer Deposits: Excluding brokered CDs, customer deposits rose by $27.6 million in the third quarter, which is a 6.3% annualized growth rate.

Cash Dividend and Capital Management

First Community Corporation's Board of Directors has approved a cash dividend of $0.16 per common share, reflecting the company's commitment to returning value to its shareholders. This marks the 95th consecutive quarter that the company has distributed cash dividends.

Additionally, the Board authorized a plan to repurchase up to $7.5 million of its common stock, allowing significant flexibility in capital management. As of September 30, 2025, various regulatory capital ratios for the bank significantly exceeded the required minimum levels, showcasing a solid capital position.

Asset Quality and Risk Management

The financial health of First Community is also reflected in its asset quality metrics:

• - The non-performing assets (NPAs) ratio is a mere 0.04%.
• - The past due ratio stands at 0.07%, alongside minimal net charge-offs, demonstrating effective risk management strategies.

Future Outlook

Looking ahead, First Community Corporation continues to focus on its strategic goals, including the anticipated acquisition of Signature Bank of Georgia, as part of efforts to expand its market presence. The merger is expected to add new lines of business and enhance the company's competitive edge.

In summary, First Community Corporation's financial results for Q3 2025 highlight robust growth in earnings, loans, and deposits, alongside a sustained commitment to shareholder value through dividends and stock repurchases. The company's sound asset quality and forward-looking strategies position it well in its ongoing market initiatives.

For more detailed information regarding the First Community Corporation's financial performance, please visit First Community Bank's website.