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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% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 55.19 | 54.52 | 61.14 | 73.35 |
| Operating Revenue | - | 55.19 | 54.52 | 61.14 | 73.35 |
| Selling General And Administration | - | 27.93 | 29.25 | 32.96 | 35.97 |
| Interest Income | - | 51.12 | 72.70 | 89.42 | 97.05 |
| Interest Expense | - | 3.17 | 23.80 | 37.38 | 35.03 |
| Net Interest Income | - | 47.94 | 48.89 | 52.04 | 62.02 |
| Pretax Income | - | 18.41 | 15.04 | 17.77 | 24.86 |
| Tax Provision | - | 3.80 | 3.20 | 3.82 | 5.65 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.02 | 0.06 | 0.02 | -0.22 |
| Net Income Continuous Operations | - | 14.61 | 11.84 | 13.96 | 19.20 |
| Net Income From Continuing And Discontinued Operation | - | 14.61 | 11.84 | 13.96 | 19.20 |
| Net Income From Continuing Operation Net Minority Interest | - | 14.61 | 11.84 | 13.96 | 19.20 |
| Net Income | - | 14.61 | 11.84 | 13.96 | 19.20 |
| Net Income Common Stockholders | - | 14.61 | 11.84 | 13.96 | 19.20 |
| Net Income Including Noncontrolling Interests | - | 14.61 | 11.84 | 13.96 | 19.20 |
| Normalized Income | - | 14.70 | 11.63 | 13.88 | 19.94 |
| Diluted NI Availto Com Stockholders | - | 14.61 | 11.84 | 13.96 | 19.20 |
| Basic Average Shares | - | 7.53 | 7.57 | 7.62 | 7.66 |
| Diluted Average Shares | - | 7.61 | 7.65 | 7.70 | 7.76 |
| Reconciled Depreciation | - | 1.82 | 1.92 | 1.86 | 1.87 |
| Total Unusual Items | - | -0.11 | 0.27 | 0.10 | -0.95 |
| Total Unusual Items Excluding Goodwill | - | -0.11 | 0.27 | 0.10 | -0.95 |
| 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 | - | - | - | - |
| Restructuring And Mergern Acquisition | - | - | - | - | 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 |
| General And Administrative Expense | - | 26.67 | 27.75 | 31.45 | 34.15 |
| Other Gand A | 0.05 | 0.13 | - | - | - |
| Salaries And Wages | - | 25.84 | 26.46 | 29.87 | 32.60 |
| Insurance And Claims | - | 0.83 | 1.28 | 1.58 | 1.55 |
| Selling And Marketing Expense | - | 1.26 | 1.50 | 1.51 | 1.82 |
| Amortization | - | 0.16 | 0.16 | 0.16 | 0.16 |
| Amortization Of Intangibles Income Statement | - | 0.16 | 0.16 | 0.16 | 0.16 |
| Occupancy And Equipment | - | 4.34 | 4.72 | 4.54 | 4.69 |
| Professional Expense And Contract Services Expense | - | 1.18 | 1.04 | 1.20 | 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 | $289M | 15.07↑ premium | 1.73 | 11.5% | - |
| NI Holdings, Inc. | NODK | $299M | - | 1.24 | -4.3% | - |
| John Marshall Bancorp, Inc. | JMSB | $299M | 14.06 | 1.12 | 8.0% | - |
| FS Bancorp, Inc. | FSBW | $297M | 8.91 | 0.97 | 10.8% | - |
| Blue Ridge Bankshares, Inc. | BRBS | $295M |
| - |
| - |
| - |
| - |
| - |
| - |
| 27.54 |
| 0.91 |
| 3.3% |
| - |
| MBIA Inc. | MBI | $291M | -1.65 | -0.13 | 7.9% | - |
| FVCBankcorp, Inc. | FVCB | $288M | 13.08 | 1.14 | 8.7% | - |
| Oak Valley Bancorp | OVLY | $283M | 11.84 | 1.36 | 11.5% | - |
| First Western Financial, Inc. | MYFW | $281M | 21.28 | 1.06 | 5.0% | - |
| Peer Median | - | 13.08 | 1.09 | 8.0% | - | |