secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY CORP /SC/ (FCCO)
CIK:        0000932781
Form:       8-K
Filed at:   2026-07-22T20:06:31+00:00
Accession:  0001552781-26-000389
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Community Q2 net income up 46.5% YoY; announces leadership transition and increased dividend
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- Net income of $7.595M ($0.80 diluted EPS) in Q2 2026, up 46.5% YoY; adjusted EPS $0.84 excluding merger expenses.
- Total deposits $2.025B, up $275.3M YTD including $229.8M from Signature Bank acquisition; organic deposit growth 5.2% annualized.
- Total loans $1.578B, up $29.1M in quarter (7.5% annualized); organic loan growth 11.0% annualized in H1 2026.
- Net interest margin (tax-equivalent) expanded to 3.51%, up 14 bps from Q1, ninth consecutive quarter of expansion.
- J. Ted Nissen to retire as Bank CEO/President effective Dec 31, 2026; Vaughan Dozier to become Bank CEO, Drew Painter Bank President on Jan 1, 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932781/000155278126000389/0001552781-26-000389-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932781/000155278126000389/e26306_fcco-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-26-000389

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