secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY CORP /SC/ (FCCO)
CIK:        0000932781
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0001552781-25-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Community Corp Q4 EPS $0.55 (+28% YoY); deposits up 10.9%, wholesale debt cut 92%
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- Net income Q4 $4.232M ($0.55 diluted EPS) vs $3.297M ($0.43) in Q4 2023; FY2024 net income $13.955M ($1.81 EPS) vs $11.843M ($1.55).
- Total loans grew $86.5M (7.6%) in 2024; total deposits up $164.9M (10.9%). Wholesale funding cut from $138.1M to $10.4M.
- Net interest margin expanded to 3.00% in Q4 from 2.96% in Q3; December NIM 3.05%. Interest rate swap contributed 14 bps to loan yield.
- Credit quality remains excellent: NPAs 0.04% of assets, net charge-offs only $65k for full year 2024.
- Dividend $0.15/sh declared; 92nd consecutive quarterly dividend. Share repurchase plan of up to $7.1M remains active.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932781/000155278125000012/0001552781-25-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932781/000155278125000012/e25018_fcco-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-25-000012

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