---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-24-000238"
form_type: "8-K"
ticker: "FCCO"
cik: "0000932781"
company_name: "FIRST COMMUNITY CORP /SC/"
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T22:00:09.413301+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FCCO Q1 net income falls to $2.6M ($0.34) from $3.5M YoY; deposit growth strong

## Summary
- Net income $2.597M ($0.34 diluted EPS) vs $3.463M ($0.45) YoY; net interest margin 2.79% vs 3.19%.
- Total deposits $1.578B, customer deposits up 15% annualized; loans grew 8.3% annualized to $1.157B.
- Non-performing assets 0.04% of total assets; net charge-offs $22K; credit quality excellent.
- Cash dividend $0.14 per share, 89th consecutive quarterly dividend, payable May 14 to holders of record April 30.
- Announced closure of Augusta, GA branch effective June 27, 2024; expected annual cost savings $327K.

## SEC filing metadata
- accession: 0001552781-24-000238
- form_type: 8-K
- ticker: FCCO
- cik: 0000932781
- company_name: FIRST COMMUNITY CORP /SC/
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/932781/000155278124000238/0001552781-24-000238-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/932781/000155278124000238/e24193_fcco-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-24-000238
- JSON: https://secwatch.observer/filing/0001552781-24-000238.json
- Plain text: https://secwatch.observer/filing/0001552781-24-000238.txt

## Key facts
- Earnings Releases
  FIRST COMMUNITY CORP /SC/ reported first quarter of 2024 results: net income $2.597 million, EPS $0.34 per common share.
  - Period: first quarter of 2024
  - Net income: $2.597 million
  - EPS: $0.34 per common share
  - Result: reported results
  source text: First Community reported net income for the first quarter of 2024 of $2.597 million with diluted earnings per common share of $0.34.
  evidence_url: https://www.sec.gov/Archives/edgar/data/932781/000155278124000238/0001552781-24-000238-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.