earnings
confidence high
sentiment neutral
materiality 0.65
First Community Corp (FCCO) reports 3Q23 core EPS $1.24 YTD; loan growth 22.9% annualized
FIRST COMMUNITY CORP /SC/
2023-Q3 EPS reported
$1.12
revenue$692,000
- 3Q23 annualized loan growth of 22.9% ($59.5M); YTD core EPS $1.24 vs $1.39 prior year.
- NIM contraction decelerated to 6 bps in 3Q; entered $150M notional interest rate swap.
- Total deposit cost rose to 1.28% (cumulative cycle beta 26.7%); uninsured deposits 28.8%.
- Non-interest expense +$518K linked quarter; elevated mail check fraud losses of $230K.