First Community (FCCO) AI Stock Analysis

• Market Cap: $225.46M
• Dividend Yield: 2.07%
• Average Volume (3M): 34.11K
• Price to Earnings (P/E): 11.9
• Beta (1Y): 0.81
• Revenue Growth: 11.59%
• EPS Growth: 42.03%
• Country: US
• Employees: 260
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.69
• Shares Outstanding: 7,689,694
• 10 Day Avg. Volume: 59,901
• 30 Day Avg. Volume: 34,106
• PEG Ratio: 0.76
• Price to Book (P/B): 1.27
• Price to Sales (P/S): 1.86
• P/FCF Ratio: 18.70
• Enterprise Value/Market Cap: 0.89
• Enterprise Value/Revenue: 1.87
• Enterprise Value/Gross Profit: 2.83
• Enterprise Value/Ebitda: 5.89
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: $33.00 ▲(11.98% Upside)

The score is driven mainly by solid (but somewhat cyclical) financial performance—revenue growth and improved recent profitability supported by recovering segment KPIs—tempered by cash-flow growth weakness and some uncertainty in the latest leverage read-through. Valuation is supportive with a moderate P/E and a decent dividend yield, while technicals are constructive but not strongly bullish given short-term consolidation. Recent acquisition news is a positive strategic catalyst but adds integration risk.

Positive Factors

Top-line growth momentum

Sustained revenue expansion through 2024 and into the trailing twelve months indicates durable customer demand and successful origination/fee strategies. This supports continued loan book growth, fee income diversification and reinvestment into branches and digital channels, strengthening long-term franchise health.

Acquisition expands footprint and capabilities

The Signature Bank of Georgia deal adds scale—> $2.3bn assets, expanded branches, and SBA/USDA lending capability—providing structural revenue diversification and potential operating leverage. The acquisition materially broadens small-business lending and cash management capacity across core Southeast markets.

Balance sheet and capital build

Steady asset and equity growth has strengthened the capital base and improved leverage from 2023 to 2024, providing regulatory cushion and capacity to support loan growth and strategic M&A. A more robust balance sheet underpins risk tolerance and long-term organic and inorganic expansion.

Negative Factors

Multi-year negative free cash flow growth

Although operating and free cash flow are positive recently, the multi-year negative FCF growth trend constrains internal funding for capital expenditures, dividends and acquisitions without relying on external financing. This weakens long-term financial flexibility and raises financing risk.

Cyclically volatile margins

Pronounced margin swings reflect sensitivity to interest rate cycles, loan mix and fee trends, reducing earnings predictability. Persistent margin volatility complicates long-range planning, capital allocation and dividend consistency, making sustainable profitability harder to forecast across economic cycles.

Inconsistent TTM leverage reporting

Inconsistent trailing leverage metrics undermine clarity on funding and solvency risk during growth and integration phases. Uncertain leverage reads increase investor and regulator scrutiny, and could mask true capital strain as loans and deposits expand or as acquisition-related funding needs arise.

First Community Business Overview & Revenue Model

Company Description

First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, professional concerns, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments. Its deposit products include checking, NOW, savings, and individual retirement accounts; and demand deposits, as well as other time deposits, such as daily money market accounts and longer-term certificates of deposit. The company's loan portfolio comprises commercial loans that consist of secured and unsecured loans for working capital, business expansion, and the purchase of equipment and machinery; consumer loans, including secured and unsecured loans for financing automobiles, home improvements, education, and personal investments; real estate construction and acquisition loans; and fixed and variable rate mortgage loans. It also provides other banking services, which include online banking, internet banking, cash management, safe deposit boxes, travelers checks, direct deposit of payroll and social security checks, and automatic drafts for various accounts. In addition, the company offers non-deposit investment products and other investment brokerage services; VISA and MasterCard credit card services; investment advisory services; and insurance services. It operates 21 full-service offices located in the Lexington County, Richland County, Newberry County, Kershaw County, Greenville County, Anderson County, Pickens County, and Aiken County, South Carolina; and Richmond County and Columbia County, Georgia. The company was incorporated in 1994 and is headquartered in Lexington, South Carolina.

How the Company Makes Money

First Community generates revenue through various streams, primarily from interest income on loans and mortgages provided to customers. This includes personal loans, small business loans, and home mortgages, where interest payments constitute a significant portion of its earnings. Additionally, the company earns fee income from account maintenance charges, transaction fees, and other banking services. Investment services also contribute to revenue, as FCCO earns commissions and management fees for managing customer investments. Strategic partnerships with local businesses and organizations further enhance revenue opportunities through cross-promotions and co-branded services, driving customer acquisition and retention.

First Community Financial Statement Overview

Summary

Fundamentals are generally solid: revenue growth through 2024 and TTM with a profitability rebound, plus steady asset/equity growth. Offsets are historically volatile margins, negative multi-year free-cash-flow growth despite positive recent FCF, and reduced confidence from inconsistent TTM leverage datapoints; segment KPIs show recovery across core banking and mortgage, but rising eliminations pressure net income stability.

Income Statement

Revenue has expanded meaningfully from 2020 to 2024 and remains up in TTM (Trailing-Twelve-Months), indicating solid top-line momentum. Profitability is generally strong, with net profit margin improving in TTM versus 2024 and absolute net income rising, but margins have been volatile over the cycle (peaking in 2021–2022, then compressing in 2023–2024 before rebounding). Overall, the earnings profile is healthy, but the swingy margin trajectory tempers the score.

Balance Sheet

The balance sheet has grown steadily, with total assets increasing each year and equity building over time, supporting a stronger capital base. Leverage improved from a higher level in 2023 to a more moderate level by 2024 as total debt declined, but the TTM (Trailing-Twelve-Months) leverage indicators appear inconsistent (debt-to-equity shown as 0.0 despite meaningful debt), which limits confidence in the most recent leverage picture. Return on equity was solid in 2022–2024, but the TTM figure is notably lower, suggesting softer recent efficiency or potential seasonality.

Cash Flow

Cash generation is positive in recent periods, with operating cash flow and free cash flow positive in 2023–TTM (Trailing-Twelve-Months) and free cash flow tracking net income fairly closely (roughly ~90%+ conversion in 2021–TTM). However, free cash flow growth has been negative for several years (including TTM), and 2020 showed negative operating and free cash flow, highlighting historical volatility. The quality of earnings conversion is decent, but consistency and growth in cash flows are the key weakness.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	107.20M	98.53M	78.33M	58.37M	57.25M	53.77M
Gross Profit	70.89M	60.34M	53.40M	55.34M	54.68M	46.36M
EBITDA	34.13M	19.63M	16.96M	20.23M	21.56M	14.60M
Net Income	18.61M	13.96M	11.84M	14.61M	15.46M	10.10M
Balance Sheet
Total Assets	2.07B	1.96B	1.83B	1.67B	1.58B	1.40B
Cash, Cash Equivalents and Short-Term Investments	213.06M	157.60M	376.92M	369.26M	633.86M	424.86M
Total Debt	117.02M	120.72M	171.25M	158.54M	72.13M	58.99M
Total Liabilities	1.91B	1.81B	1.70B	1.55B	1.44B	1.26B
Stockholders Equity	161.57M	144.49M	131.06M	118.36M	141.00M	136.34M
Cash Flow
Free Cash Flow	10.72M	9.77M	11.15M	20.90M	57.12M	-18.13M
Operating Cash Flow	11.56M	10.87M	12.23M	22.13M	57.93M	-17.05M
Investing Cash Flow	-91.54M	-67.63M	-89.67M	-162.78M	-236.28M	-171.52M
Financing Cash Flow	102.08M	111.89M	134.74M	109.03M	182.38M	205.87M

First Community Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 29.47
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FCCO, the sentiment is Positive. The current price of 29.47 is above the 20-day moving average (MA) of 29.33, above the 50-day MA of 29.45, and above the 200-day MA of 26.36, indicating a neutral trend. The MACD of -0.15 indicates Positive momentum. The RSI at 49.95 is Neutral, neither overbought nor oversold. The STOCH value of 38.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FCCO.

First Community Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CFFI	72 Outperform	$243.84M	9.08	10.89%	2.55%	8.53%	42.73%
BPRN	72 Outperform	$245.02M	13.37	6.73%	3.50%	12.92%	56.52%
CBNA	70 Outperform	$228.18M	11.44	13.91%	―	―	―
VABK	69 Neutral	$220.69M	11.53	10.41%	3.41%	1.11%	14.44%
FCCO	68 Neutral	$225.46M	11.87	12.21%	2.07%	11.59%	42.03%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
FSFG	66 Neutral	$238.37M	10.24	12.50%	1.95%	7.65%	69.41%

First Community Corporate Events

First Community completes Signature Bank of Georgia acquisition

On January 8, 2026, First Community Corporation completed its roughly $50 million stock-for-stock acquisition of Signature Bank of Georgia, merging Signature into First Community Bank and bringing pro forma totals to more than $2.3 billion in assets, $2.1 billion in deposits and customer cash management accounts, and $1.5 billion in loans. The deal expands First Community’s footprint to 23 full-service offices plus a loan production office across South Carolina and Georgia, with Signature’s branches operating as First Community Bank d/b/a Signature Bank of Georgia until a planned systems conversion in March 2026, and positions the company to scale newly added SBA/USDA lending capabilities across all its markets while deepening its focus on local business customers and enhancing operating leverage for shareholders. In connection with the closing, former Signature executives Fred J. “Freddie” Deutsch and Jonathan W. “Jon” Been joined the boards of First Community and First Community Bank, with Deutsch also entering into an employment agreement and taking on senior management roles overseeing specialty business lending, moves that integrate Signature’s leadership into the combined organization and signal an emphasis on expanding specialized lending and governance depth following the combination.

The most recent analyst rating on (FCCO) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on First Community stock, see the FCCO Stock Forecast page.

First Community Announces 2026 Earnings Release Schedule

On December 16, 2025, First Community Corporation announced its earnings release schedule for 2026, detailing the release dates for each quarter’s earnings report. This announcement provides stakeholders with a clear timeline for financial disclosures, potentially impacting investor expectations and market activities.

The most recent analyst rating on (FCCO) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on First Community stock, see the FCCO Stock Forecast page.

First Community Announces Merger with First Community Bank

On July 13, 2025, First Community Corporation entered into a Merger Agreement with First Community Bank. This merger is expected to have significant implications for the company’s operations and industry positioning.

The most recent analyst rating on (FCCO) stock is a Hold with a $29.00 price target. To see the full list of analyst forecasts on First Community stock, see the FCCO Stock Forecast page.

First Community Approves Merger with Signature Bank

On November 19, 2025, First Community Corporation held a special meeting where shareholders approved a merger agreement with Signature Bank of Georgia. This merger involves Signature Bank merging into First Community Bank, expanding the corporation’s market presence. The approval of this merger is significant for the corporation’s strategic growth, as it allows for the issuance of new shares to Signature Bank’s shareholders, thereby enhancing the company’s market positioning.

The most recent analyst rating on (FCCO) stock is a Hold with a $29.00 price target. To see the full list of analyst forecasts on First Community stock, see the FCCO Stock Forecast page.

First Community Reports Record Q3 2025 Earnings

First Community Corporation reported record earnings for the third quarter of 2025, with significant expansion in net interest margin and investment advisory assets under management exceeding $1.1 billion. The company is set to acquire Signature Bank of Georgia, aiming to enhance its growth market and add SBA/GGL lines of business, reflecting its strategic initiatives to bolster its industry positioning.

The most recent analyst rating on (FCCO) stock is a Hold with a $29.00 price target. To see the full list of analyst forecasts on First Community stock, see the FCCO Stock Forecast page.