First Community Corporation
- Open
- 32.45
- Day high
- 32.85
- Day low
- 32.13
- Prev close
- 32.71
- Volume
- 30K
- Mkt cap
- $304M
- P/E (TTM)
- 12.5
- EPS (TTM)
- $2.59
- P/B
- 1.4
- P/S
- 2.6
- Yield
- 1.98%
- Per share
- $0.64
First Community Corporation (FCCO) is a Financial Services company listed on NASDAQ. The stock is up 28% over the past year.
First Community Corporation (FCCO) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
FCCO earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 22, 2026 | $0.64 | $0.72 | +12.5% | $23M | -1.9% |
| Mar 16, 2026 | — | $0.62 | — | $29M | — |
| Oct 22, 2025 | $0.67 | $0.72 | +7.5% | $19M | -6.0% |
| Jul 23, 2025 | $0.58 | $0.67 | +15.5% | $20M | +1.7% |
| Apr 23, 2025 | $0.47 | $0.51 | +8.5% | $17M | -7.1% |
| Mar 14, 2025 | — | $0.55 | — | $25M | — |
| Oct 16, 2024 | $0.44 | $0.50 | +13.6% | $16M | -7.7% |
| Jul 17, 2024 | $0.36 | $0.42 | +16.7% | $15M | -2.6% |
| Apr 17, 2024 | $0.34 | $0.34 | +0.0% | $14M | -4.5% |
| Jan 24, 2024 | $0.37 | $0.43 | +16.2% | $14M | -9.0% |
| Oct 18, 2023 | $0.38 | $0.23 | -39.5% | $13M | -14.8% |
| Jul 19, 2023 | $0.39 | $0.43 | +10.3% | $14M | -5.4% |
FCCO insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | BROWN THOMAS CARLTONdirector | Grant | 172 | $32.67 |
| Jul 2, 2026 | CHAO CHIMIN Jdirector | Grant | 244 | $32.67 |
| Jul 2, 2026 | Snipe Alexander JRdirector | Grant | 271 | $32.67 |
| Jul 2, 2026 | REYNOLDS E. LELANDdirector | Grant | 211 | $32.67 |
| Jul 2, 2026 | Been Jonathan Wdirector | Grant | 140 | $32.67 |
| Apr 2, 2026 | BROWN THOMAS CARLTONdirector | Grant | 1,004 | $29.17 |
| Apr 2, 2026 | Been Jonathan Wdirector | Grant | 922 | $29.17 |
| Apr 2, 2026 | REYNOLDS E. LELANDdirector | Grant | 912 | $29.17 |
| Apr 2, 2026 | Snipe Alexander JRdirector | Grant | 1,229 | $29.17 |
| Apr 2, 2026 | CHAO CHIMIN Jdirector | Grant | 1,347 | $29.17 |
| Feb 26, 2026 | CRAPPS MICHAEL Cdirector, officer: President and CEO | Tax | 3,572 | $29.43 |
| Feb 26, 2026 | CRAPPS MICHAEL Cdirector, officer: President and CEO | Grant | 7,762 | — |
| Feb 26, 2026 | Jordan Donald Shawnofficer: EVP and CFO | Grant | 1,435 | — |
| Feb 26, 2026 | Walker Jack W.officer: EVP and Chief Credit Officer | Grant | 1,250 | — |
| Feb 26, 2026 | Nissen Ted Jdirector, officer: EVP and Chief Banking Officer | Tax | 2,280 | $29.43 |
Source: FCCO SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full FCCO insider & 13F page →First Community Corporation company profile
Overview
First Community Corporation (NASDAQ:FCCO) is a regional bank holding company founded in 1994 and headquartered in Lexington, South Carolina. The company operates through its primary subsidiary, First Community Bank, which has grown to serve customers across South Carolina and Georgia through 21 full-service banking offices. Since going public in 1999, First Community has established itself as a community-focused financial institution serving small-to-medium sized businesses, professionals, and individual consumers in the southeastern United States.
Business
First Community Corporation operates in the regional banking industry, providing traditional commercial and retail banking services to local communities. The company functions as a bank holding company, with its primary operating subsidiary being First Community Bank. The company operates through three main business segments. Commercial and Retail Banking forms the core of operations, offering deposit products including checking accounts, NOW accounts, savings accounts, individual retirement accounts, demand deposits, money market accounts, and certificates of deposit. On the lending side, this segment provides commercial loans for working capital and business expansion, consumer loans for automobiles and personal needs, real estate construction and acquisition financing, and both fixed and variable rate mortgage loans. The Mortgage Banking segment focuses specifically on residential mortgage origination and servicing, helping customers finance home purchases and refinancing needs. This segment generates revenue through loan origination fees, servicing income, and potential gains on loan sales. The Investment Advisory and Non-Deposit segment rounds out the company's offerings by providing non-deposit investment products, investment brokerage services, VISA and MasterCard credit card services, investment advisory services, and insurance products. This segment helps diversify revenue streams beyond traditional banking interest income. The bank also provides ancillary services such as online and internet banking platforms, cash management solutions for businesses, safe deposit boxes, travelers checks, direct deposit services, and automatic draft capabilities. These services enhance customer relationships and provide additional fee income opportunities.
Revenue model
First Community Corporation generates revenue primarily through traditional banking operations centered on the interest rate spread between what it pays depositors and what it charges borrowers. The company's core revenue model involves collecting deposits from individuals and businesses at relatively low interest rates, then lending these funds at higher rates to generate net interest income. The primary revenue streams include net interest income from loans and securities investments, fee income from deposit services, mortgage banking fees from loan originations and servicing, investment advisory fees, credit card interchange fees, and insurance commissions. The paying customers are primarily small-to-medium sized businesses, professional service firms, and individual consumers in South Carolina and Georgia markets. Several factors influence the company's profitability margins. Interest rate environment significantly impacts net interest margins - rising rates can improve lending spreads but may increase deposit costs and reduce loan demand. Credit quality directly affects profitability through loan loss provisions, with economic downturns potentially increasing defaults. Competition from larger regional banks and credit unions can pressure both deposit rates and lending margins. Regulatory compliance costs represent a fixed expense burden that can impact smaller banks disproportionately. Local economic conditions in the South Carolina and Georgia markets influence loan demand and credit quality. Technology investments are necessary to compete with larger banks' digital offerings but represent significant upfront costs. Deposit mix affects funding costs, with demand deposits being less expensive than time deposits. Finally, operational efficiency through expense management and branch optimization directly impacts the bottom line in the competitive regional banking environment.
Competitive moat
First Community Corporation operates in the highly competitive regional banking sector with limited sustainable competitive advantages. The company's primary moat stems from its local market knowledge and community relationships built over nearly three decades of operation. This local presence provides advantages in understanding borrower creditworthiness, tailoring products to community needs, and maintaining customer loyalty through personalized service that larger national banks may struggle to replicate. The bank's deposit franchise represents a modest moat, as established customer relationships and local branch presence create some switching costs for depositors. However, this advantage is weakening as digital banking reduces the importance of physical branch networks and customers become more rate-sensitive. The company's moat is relatively weak overall. Regulatory barriers to entry provide some protection, as new bank charters are difficult to obtain, but existing competitors can easily expand into First Community's markets. Scale disadvantages versus larger regional banks create ongoing challenges in technology investment, regulatory compliance costs, and funding costs. Potential disruption comes from multiple sources. Larger regional banks can offer more competitive rates and superior digital platforms. Credit unions benefit from tax advantages and member-focused models. Fintech companies are increasingly providing banking services with better user experiences and lower costs. Online banks can offer higher deposit rates without physical branch expenses. The company's competitive position is further challenged by its limited geographic diversification, concentrated in South Carolina and Georgia markets, making it vulnerable to regional economic downturns. Without significant scale advantages or unique product offerings, First Community must rely primarily on relationship banking and local market expertise to maintain its position.
Risks & safety
First Community Corporation presents a moderate margin of safety profile typical of a well-capitalized regional bank, though with some concerns around recent performance trends. • Solvency and Capital: The bank maintains adequate capitalization with total assets of $1.96 billion and shareholders' equity of approximately $144 million. Debt-to-equity ratio of 0.84 is reasonable for a bank, though the negative tangible book value per share indicates limited downside protection. • Liquidity Position: Cash and short-term investments of $150 million provide reasonable liquidity, though the current ratio of 0.09 reflects the typical banking model where deposits (liabilities) far exceed liquid assets. • Profitability Metrics: Return on equity of 9.7% for 2024 is solid but declining from 12.3% in 2022. Net income of $14.0 million in 2024 represents stable but modest profitability for the asset base. • Valuation Metrics: Trading at P/E ratio of 13.1x and price-to-book of 1.27x suggests reasonable valuation, not obviously expensive but not deeply discounted either. • Cash Flow Concerns: Inconsistent operating cash flows, including negative $3.8 million in Q4 2024, raise questions about operational efficiency and working capital management. • Credit Quality: Limited visibility into loan loss provisions and non-performing assets from available data, requiring closer examination of credit metrics for full safety assessment.
Recent development
Based on available financial data, First Community Corporation has focused on maintaining operational stability while navigating a challenging interest rate environment over recent years. The company has maintained consistent profitability with net income ranging from $11.8 million to $14.6 million annually between 2022-2024, though showing some volatility in quarterly results. The bank has maintained a relatively stable asset base around $1.9 billion while managing through interest rate volatility. Revenue has remained fairly consistent in the $58-61 million range annually, suggesting steady core banking operations despite economic uncertainties. Cash flow management has shown some inconsistency, with operating cash flows varying significantly between quarters, including negative cash flows in some periods. This suggests the bank may be working through balance sheet optimization or dealing with timing issues related to loan originations and deposit flows. The company has maintained its geographic footprint across South Carolina and Georgia markets without significant expansion, focusing on organic growth within existing markets rather than aggressive territorial expansion. This conservative approach reflects the challenges facing regional banks in the current environment. Without access to detailed earnings call transcripts, specific strategic initiatives around digital banking enhancements, credit portfolio management, or operational efficiency improvements are not clearly visible, though these are typical focus areas for regional banks during this period of industry consolidation and technological transformation.
FCCO company profile · for informational purposes only — not investment advice.
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