FCCO reports Q2 net income $3.265M, EPS $0.42; increases dividend to $0.15 per share

FIRST COMMUNITY CORP /SC/

2024-Q2 EPS reported $0.76 revenue$494,000

Net income $3.265M ($0.42 diluted EPS) up 25.7% linked quarter; YTD net income $5.862M.
Net interest margin (tax-equiv) 2.93%, up 14 bps; loan growth $31.9M (annualized 11.1%).
Customer deposit growth $44.1M ex-brokered (annualized 11.7%); cost of funds nearly flat at 2.17%.
Cash dividend increased to $0.15 per share (payable Aug 13, record Jul 30); 90th consecutive quarter.
Mortgage production $49.0M (highest since 2020); investment advisory AUM record $865.6M.

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