First Community increases cash dividend to 16c from 15c

The Board of Directors approved an increased cash dividend for the Q2. The company will pay a 16c per share dividend to holders of the company’s common stock. This dividend is payable August 19, to shareholders of record as of August 5. As previously announced on May 9, 2025, the Company’s Board of Directors approved a plan to utilize up to $7.5M of capital to repurchase shares of its common stock, which represented approximately 5.0% of total shareholders’ equity as of March 31, 2025. This new share repurchase plan expires on May 8, 2026. Under the repurchase plan, the Company may repurchase shares from time to time. No shares have been repurchased under this plan.