First Community Q4 net income $3.3M, EPS $0.43 vs $0.53 YoY; full-year EPS $1.55 down 19%

FIRST COMMUNITY CORP /SC/

2023-FY EPS reported $1.55 revenue$963,000

Q4 net income $3.297M, EPS $0.43, vs $4.043M, $0.53 in Q4 2022.
Full-year 2023 net income $11.843M, EPS $1.55, vs $14.613M, $1.92 in 2022.
Loans grew $153.2M (15.6%) in 2023; deposits grew $125.6M (9.1%), excluding brokered CDs +5.6%.
Declares $0.14 dividend payable Feb 20, 2024 to shareholders of record Feb 6; 88th consecutive quarter.
Non-performing assets 0.05% of total assets; net recoveries of $6k for 2023; credit quality excellent.

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 fourth quarter and year end of 2023 results: net income $3.297 million for the fourth quarter of 2023 and $11.843 million for the year of 2023, EPS $0.43 per common share for the fourth quarter of 2023 and $1.55 per common share for the year of 2023.

Period: the fourth quarter and year end of 2023
Net income: $3.297 million for the fourth quarter of 2023 and $11.843 million for the year of 2023
EPS: $0.43 per common share for the fourth quarter of 2023 and $1.55 per common share for the year of 2023
Result: reported results

Exact text from the filing

First Community Corporation Announces Fourth Quarter and Year End 2023 Results

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Source: SEC EDGAR

accession 0001552781-24-000017

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