earnings
confidence high
sentiment positive
materiality 0.70
First Community Q3 net income $3.95M, EPS $0.52; loans up $33.9M, NIM expands to 3.29%
FIRST COMMUNITY CORP /SC/
2022-Q3 EPS reported
$1.39
revenue$770,000
- Net income $3.951M, diluted EPS $0.52 vs $0.41 Q2; YTD net income $10.570M, EPS $1.39.
- Cash dividend $0.13 per share declared, payable Nov 15 to holders of record Nov 1; 83rd consecutive quarterly dividend.
- Total loans grew $33.9M in Q3 (14.7% annualized); YTD loan growth $86.5M (13.4% annualized).
- Net interest margin (tax-equivalent) rose to 3.29% from 2.93% Q2; cost of deposits flat at 0.09%.
- Mortgage banking revenue declined to $290K from $481K Q2; investment advisory revenue $1.053M, AUM $529.5M.