other material
confidence high
sentiment positive
materiality 0.65
FCCO presents 1Q26 update; Signature Bank GA acquisition closed; loan growth 13.1% annualized
FIRST COMMUNITY CORP /SC/
- Acquired Signature Bank of GA on Jan 8, 2026; systems conversion completed Mar 13, 2026.
- Q1 2026 total assets $2.4B; loan portfolio annualized growth of 13.1% (excl. acquisition).
- Net interest margin expanded for eighth consecutive quarter; loan yield 5.94% at Mar 31.
- Core net income metrics presented; SBA lending added via acquisition; dividend 97th consecutive quarter.
- Share repurchase plan up to $7.5M announced May 7; current dividend yield ~2.11%.