First Community Q2 net income $3.327M (+6.3% YoY); loan growth 15.9% annualized

FIRST COMMUNITY CORP /SC/

2023-Q2 EPS reported $0.89 revenue$452,000

Q2 net income $3.327M, EPS $0.43 vs $0.41 YoY; pre-tax pre-provision earnings up 14.5% to $4.433M.
Loans increased $39.4M (15.9% annualized); deposits flat at $1.42B.
Asset quality excellent: NPAs 0.06%, past due 0.05%; net loan recoveries $14K.
Board declared $0.14/share dividend, payable Aug 15; 86th consecutive quarterly dividend.
Investment advisory AUM hit record $675.4M; interest rate swap executed for $150M notional.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST COMMUNITY CORP /SC/ reported the second quarter of 2023 results: net income $3.327 million, EPS $0.43 per common share.

Period: the second quarter of 2023
Net income: $3.327 million
EPS: $0.43 per common share
Result: reported results

Exact text from the filing

First Community Corporation (the “Company”), holding company for First Community Bank, issued a press release announcing its financial results for the period ended June 30, 2023.

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FIRST COMMUNITY CORP /SC/ filing history →

Source: SEC EDGAR

accession 0001552781-23-000321

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