First Community ( (FCCO) ) has released its Q2 earnings. Here is a breakdown of the information First Community presented to its investors.
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First Community Corporation, a financial institution based in Lexington, SC, operates within the banking sector, offering a range of financial services including mortgage and investment advisory services. The company is known for its consistent dividend payments and strategic growth initiatives.
In its latest earnings report, First Community Corporation announced record earnings for the second quarter of 2025, with net income reaching $5.186 million, marking a significant increase both quarter-over-quarter and year-over-year. The company also declared an increased cash dividend, continuing its long-standing tradition of rewarding shareholders.
Key financial highlights include a 29.7% increase in net income from the previous quarter and a 58.8% increase from the same period last year. The diluted earnings per share rose to $0.67, and the net interest margin expanded to 3.21%. The company also achieved a milestone with assets under management surpassing $1 billion. Additionally, the mortgage business saw record production, and total loans grew by $8.1 million during the quarter.
Looking ahead, First Community Corporation’s management remains optimistic about future growth, supported by strategic initiatives such as the planned acquisition of Signature Bank of Georgia. This acquisition is expected to expand the company’s market presence and introduce a new SBA lending line of business, positioning the company for continued success in the financial sector.