secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY CORP /SC/ (FCCO)
CIK:        0000932781
Form:       8-K
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0001552781-24-000403
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932781/000155278124000403/0001552781-24-000403-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932781/000155278124000403/e24310_fcco-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-24-000403

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