secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY CORP /SC/ (FCCO)
CIK:        0000932781
Form:       8-K
Filed at:   2024-10-16T23:59:59+00:00
Accession:  0001552781-24-000568
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Community Corp Q3 net income $3.86M, EPS $0.50; NIM expands to 2.96%
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- Net income $3.861M ($0.50 diluted EPS) vs $3.265M ($0.42) in Q2 and $1.756M ($0.23) in Q3 2023; YTD $9.723M vs $8.546M.
- Total loans grew $7.5M in Q3 (2.5% annualized); deposits grew $39.5M (9.8% annualized). Customer deposits (ex-brokered) up $60M (15.3% annualized).
- Net interest margin (tax-equivalent) improved to 2.96% from 2.93% in Q2; loan portfolio yield up 13 bps to 5.73%.
- Cash dividend $0.15/share declared (91st consecutive quarter), payable Nov 12; new share repurchase plan up to $7.1M authorized.
- Strong credit quality: NPAs ratio 0.04%, past due 0.11%, net charge-offs $68K. Tangible book value $16.78 (up from $15.85 in Q2).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932781/000155278124000568/0001552781-24-000568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932781/000155278124000568/e24412_fcco-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-24-000568

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