earnings
confidence medium
sentiment neutral
materiality 0.50
First Community Corp reports 9M24 core EPS $1.23, total assets $1.9B, NIM inflection in 2Q24
FIRST COMMUNITY CORP /SC/
2024-Q3 EPS reported
$1.26
revenue$722,000
- Total assets $1.9B at Sep 30, 2024; loan portfolio LTM growth 9.6% (ex-PPP).
- Core net income YTD 9M24 $9.423M ($1.23 core EPS); pre-tax pre-provision earnings $11.623M.
- Net interest margin inflection began in 2Q24; interest rate swap added 15 bps to 3Q24 NIM.
- Dividend of $0.145 per quarter for 91 consecutive quarters; current yield 2.53% based on $23.74 close.
- Non-interest bearing deposits 27% of total; deposit cost 2.03% in 3Q24; uninsured deposits 30%.