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First Community Corporation operates as the bank holding company for First Community Bank that provides various commercial and retail banking products and services to small-to-medium sized businesses, professionals, and individuals. It operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments. The company's deposit products include checking, NOW, savings, and individual retirement accounts; and demand deposits, as well as other time deposits, such as daily money market accounts and longer-term certificates of deposit. Its loan portfolio comprises commercial loans that include secured and unsecured loans for working capital, business expansion, and the purchase of equipment and machinery; consumer loans comprising secured and unsecured loans for financing automobiles, home improvements, education, and personal investments; real estate construction and acquisition loans; and fixed and variable rate mortgage loans. The company also provides online banking, cash management, and internet banking services; and safe deposit boxes, direct deposits of payroll and social security checks, and automatic drafts for various accounts. In addition, it offers non-deposit investment products and other investment brokerage services; credit cards; and investment advisory and insurance services. The company was incorporated in 1994 and is headquartered in Lexington, South Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $73M | - | $19M | $18M | 11.5% | 20.0% | 37.6% |
| 2024 | $61M | - | $14M | $11M | 9.7% | 12.1% | 17.8% |
| 2023 | $55M | - | $12M | $12M | 9.0% | -1.2% | -19.0% |
| 2022 | $55M | - | $15M | $21M | 12.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 55.19 | 54.52 | 61.14 | 73.35 |
| Pretax Income | 18.41 | 15.04 | 17.77 | 24.86 |
| Tax Provision | 3.80 | 3.20 | 3.81 | 5.65 |
| Net Income | 14.61 | 11.84 | 13.96 | 19.20 |
| Net Income Common Stockholders | 14.61 | 11.84 | 13.96 | 19.20 |
| Interest Expense | 3.17 | 23.80 | 37.38 | 35.03 |
| Interest Income | 51.12 | 72.70 | 89.42 | 97.05 |
| Selling General And Administration | 27.93 | 29.25 | 32.96 | 35.97 |
| Normalized Income | 14.70 | 11.63 | 13.88 | 19.94 |
| Basic EPS | 1.94 | 1.56 | 1.83 | 0 |
| Diluted EPS | 1.92 | 1.55 | 1.81 | 0 |
| Tax Effect Of Unusual Items | -0.02 | 0.06 | 0.02 | -0.22 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.23 |
| Total Unusual Items | -0.11 | 0.27 | 0.10 | -0.95 |
| Total Unusual Items Excluding Goodwill | -0.11 | 0.27 | 0.10 | -0.95 |
| Net Income From Continuing Operation Net Minority Interest | 14.61 | 11.84 | 13.96 | 19.20 |
| Reconciled Depreciation | 1.82 | 1.92 | 1.86 | 1.87 |
| Net Interest Income | 47.94 | 48.89 | 52.04 | 62.02 |
| Net Income From Continuing And Discontinued Operation | 14.61 | 11.84 | 13.96 | 19.20 |
| Diluted Average Shares | 7.61 | 7.65 | 7.70 | 0 |
| Basic Average Shares | 7.53 | 7.57 | 7.62 | 0 |
| Diluted NI Availto Com Stockholders | 14.61 | 11.84 | 13.96 | 19.20 |
| Net Income Including Noncontrolling Interests | 14.61 | 11.84 | 13.96 | 19.20 |
| Net Income Continuous Operations | 14.61 | 11.84 | 13.96 | 19.20 |
| Special Income Charges | 0.01 | 0.12 | 0.10 | -1.07 |
| Other Special Charges | -0.01 | -0.12 | -0.10 | -0.19 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0 | 0 | 0 | 1.26 |
| Gain On Sale Of Security | 0 | -1.25 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | 0.16 | 0.16 | 0.16 | 0.16 |
| Depreciation And Amortization In Income Statement | 0.16 | 0.16 | 0.16 | 0.16 |
| Amortization | 0.16 | 0.16 | 0.16 | 0.16 |
| Amortization Of Intangibles Income Statement | 0.16 | 0.16 | 0.16 | 0.16 |
| Selling And Marketing Expense | 1.26 | 1.50 | 1.51 | 1.82 |
| General And Administrative Expense | 26.67 | 27.75 | 31.45 | 34.15 |
| Other Gand A | 0.13 | 0 | 0 | 0 |
| Insurance And Claims | 0.83 | 1.28 | 1.58 | 1.55 |
| Salaries And Wages | 25.84 | 26.46 | 29.87 | 32.60 |
| Operating Revenue | 55.19 | 54.52 | 61.14 | 73.35 |
| Occupancy And Equipment | 4.34 | 4.72 | 4.54 | 4.69 |
| Professional Expense And Contract Services Expense | 1.18 | 1.04 | 1.21 | 1.53 |
| Other Non Interest Expense | 3.33 | 3.31 | 3.80 | 4.29 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| First Community Corporationthis co. | FCCO | $278M | 11.62↓ discount | 1.36 | 11.5% | - |
| John Marshall Bancorp, Inc. | JMSB | $297M | 14.01 | 1.11 | 8.0% | - |
| James River Group Holdings, Inc. | JRVR | $286M | 7.49 | 0.53 | 7.1% | 6.65 |
| Western New England Bancorp, Inc. | WNEB | $283M | 15.90 | 1.14 | 6.2% | - |
| FVCBankcorp, Inc. | FVCB |
| $280M |
| 12.16 |
| 1.10 |
| 8.7% |
| - |
| Oak Valley Bancorp | OVLY | $279M | 11.51 | 1.32 | 11.5% | - |
| Citizens, Inc. | CIA | $278M | 19.75 | 1.18 | 6.2% | 14.50 |
| First Western Financial, Inc. | MYFW | $270M | 18.01 | 0.99 | 5.0% | - |
| NI Holdings, Inc. | NODK | $267M | - | 1.11 | -4.3% | -18.82 |
| Peer Median | - | 14.01 | 1.11 | 6.6% | 6.65 | |