FCCO earnings analysis
What we found in FCCO's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
First Community Corporation reported $25.138 million of revenue and $0.84 diluted EPS, beating consensus by 1.7% and 21.7%, respectively. Earnings improved year over year, with net income of $7.595 million, up 46.5%, and NIM of 3.51%, but revenue declined from $33 million in the prior quarter and $28 million a year earlier. The filing provides no quantitative forward guidance and identifies no material changes to the risk factors in the 2025 Form 10-K.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue beat, but declined sequentially and YoY
- Revenue was $25.138 million, exceeding the $24.710 million consensus estimate by $0.428 million, or 1.7%. However, revenue declined from $33 million in 2026 Q1 and $28 million in 2025 Q2.
- EPS materially exceeded consensus
- Diluted EPS was $0.84 versus the $0.69 consensus estimate, a $0.15 or 21.7% beat. EPS increased from $0.59 in 2026 Q1 and $0.67 in 2025 Q2.
- Earnings and NIM improved
- Net income increased 46.5% year over year to $7.595 million, while net interest margin improved to 3.51%, according to the reported quarterly results.
- New $7.5 million repurchase authorization
- The board authorized up to $7.5 million of common-stock repurchases on May 7, 2026. No repurchases were made during the three months ended June 30, 2026, leaving the full $7.5 million authorization available.
- Controls remained effective
- Management concluded that disclosure controls and procedures were effective as of June 30, 2026, and reported no material change in internal control over financial reporting during the quarter.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Existing 2025 risks remain unchanged
- The filing states there have been no material changes to the risk factors disclosed in the fiscal 2025 Form 10-K. Accordingly, previously disclosed risks—including CRE concentration, acquisition-related NIM pressure, and leadership-transition execution—remain relevant.
- Capital allocation flexibility remains unused
- The company authorized up to $7.5 million of share repurchases but completed $0 of repurchases during the quarter. Future repurchases could compete with other uses of capital, including balance-sheet growth and liquidity needs.
- Ordinary-course litigation exposure
- The filing reports no material pending legal proceedings, but the company remains party to claims and lawsuits arising in the ordinary course of business. The disclosure does not quantify potential exposure.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.84
What they said about what is next.
No quantitative forward revenue or EPS guidance was provided in the filing; outlook was deferred to the earnings release or call.
The filing reads about the same as the one before it.
What came before.
- 10-Q · May 15, 2026
- First Community Corporation reported Q1 2026 results with net income rising to $5.5 million, or $0.72 EPS, beating consensus estimates despite a minor revenue miss at $23.2 million. The increase in net income was driven…
- 10-K · March 16, 2026
- First Community Corporation (FCCO) positions itself as a community-focused commercial bank serving small-to-medium businesses and consumers across four regional markets in SC and GA, operating 21 full-service offices…
- 10-Q · August 8, 2025
- First Community Corporation reported a beat in Q2: total revenue (net interest income plus noninterest income) of $19,530,000 and diluted EPS of $0.67 for the three months ended June 30, 2025, up from $16,336,000 and…
- 10-Q · May 9, 2025
- First Community Corporation reported a solid quarter: total revenue (net interest income plus non‑interest income) of $18,372,000 and diluted EPS of $0.51 for Q1 2025, both meaningfully above Q1 2024. Net income rose to…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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