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…
Earnings analysis · 10-Q
FCCO earnings analysis
Filed August 12, 2026 · Our reading of the company's report
The latest report
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%,…
Read full summary
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.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.84
What stood out
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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.
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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.
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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.
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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.
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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.
What to watch
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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.
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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.
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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.
Management's outlook
No quantitative forward revenue or EPS guidance was provided in the filing; outlook was deferred to the earnings release or call.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.