First Community Corporation (FCCO) 10-Year Financial Performance & Capital Metrics

FCCO • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutFirst 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.Show more

Net Interest Income $52M +6.4%
Total Revenue $99M +25.8%
Net Income $14M +17.8%
Return on Equity 10.13% +6.7%
Net Interest Margin 2.66% -0.6%
Efficiency Ratio 43.2% -11.8%
ROA 0.74% +9.0%
Equity / Assets 7.38% +2.9%
Book Value per Share 18.76 +9.5%
Tangible BV/Share 16.80 +10.9%
Debt/Equity 0.84 -36.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 43.2% efficiency ratio

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.81%

5Y13.72%

3Y19.84%

TTM-

Profit (Net Income) CAGR

10Y10.54%

5Y4.93%

3Y-3.37%

TTM42.91%

EPS CAGR

10Y8.78%

5Y4.54%

3Y-4.07%

TTM42.01%

ROCE

10Y Avg9.14%

5Y Avg10.3%

3Y Avg10.57%

Latest10.37%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	25.25M	26.46M	29.39M	35.75M	36.85M	40.02M	45.28M	47.94M	48.89M	52.04M
NII Growth %	0.06%	0.05%	0.11%	0.22%	0.03%	0.09%	0.13%	0.06%	0.02%	0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	28.65M	29.51M	32.16M	39.73M	42.63M	43.78M	47.52M	51.12M	72.7M	89.42M
Interest Expense	3.4M	3.05M	2.76M	3.98M	5.78M	3.75M	2.24M	3.17M	23.8M	37.38M
Loan Loss Provision	1.14M	774K	530K	346K	139K	3.66M	335K	-152K	1.13M	809K
Non-Interest Income+	8.56M	8.6M	8.67M	8.34M	9.18M	10M	9.73M	7.25M	5.63M	9.1M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	37.21M	38.11M	40.83M	48.07M	51.81M	53.77M	57.25M	58.37M	78.33M	98.53M
Revenue Growth %	0.05%	0.02%	0.07%	0.18%	0.08%	0.04%	0.06%	0.02%	0.34%	0.26%
Non-Interest Expense	24.27M	25.44M	28.39M	29.82M	32.06M	33.76M	35.03M	36.93M	38.35M	42.56M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	8.4M	8.85M	9.14M	13.92M	13.83M	12.6M	19.65M	18.41M	15.04M	17.77M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.18%	0.05%	0.03%	0.52%	-0.01%	-0.09%	0.56%	-0.06%	-0.18%	0.18%
Pretax Income+	8.4M	8.85M	9.14M	13.92M	13.83M	12.6M	19.65M	18.41M	15.04M	17.77M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.28M	2.17M	3.33M	2.69M	2.86M	2.5M	4.18M	3.8M	3.2M	3.81M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	6.13M	6.68M	5.82M	11.23M	10.97M	10.1M	15.46M	14.61M	11.84M	13.96M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.2%	0.09%	-0.13%	0.93%	-0.02%	-0.08%	0.53%	-0.06%	-0.19%	0.18%
Net Income (Continuing)	6.13M	6.68M	5.82M	11.23M	10.97M	10.1M	15.46M	14.61M	11.84M	13.96M
EPS (Diluted)+	0.91	0.98	0.83	1.45	1.45	1.35	2.05	1.92	1.55	1.81
EPS Growth %	0.17%	0.08%	-0.15%	0.75%	0%	-0.07%	0.52%	-0.06%	-0.19%	0.17%
EPS (Basic)	0.93	1.01	0.85	1.48	1.46	1.36	2.06	1.94	1.56	1.83
Diluted Shares Outstanding	6.72M	6.79M	7M	7.73M	7.59M	7.48M	7.55M	7.61M	7.65M	7.7M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	22.35M	21.4M	29.99M	32.21M	47.69M	64.99M	69.02M	37.4M	94.69M	149.83M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	772.48M	820.65M	930.5M	971.44M	1.03B	1.24B	1.43B	1.54B	1.63B	1.71B
Investments Growth %	0.06%	0.06%	0.13%	0.04%	0.06%	0.2%	0.15%	0.08%	0.06%	0.05%
Long-Term Investments	507.79M	567.26M	665.67M	733.55M	744.14M	881.43M	861.43M	1.2B	1.35B	1.7B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	5.08M	5.08M	14.59M	14.64M	14.64M	14.64M	14.64M	14.64M	14.64M	14.64M
Intangible Assets	1.42M	1.1M	2.57M	2.01M	1.48M	1.12M	919K	761K	604K	446K
PP&E (Net)	29.81M	29.83M	36.1M	34.99M	38.22M	37.49M	35.67M	33.98M	33.84M	32.45M
Other Assets	31.48M	36.73M	36.98M	36.31M	37.3M	35.84M	37.99M	50.11M	51.53M	51.91M
Total Current Assets	287.04M	274.79M	294.81M	270.1M	334.49M	424.86M	633.86M	369.26M	376.92M	157.6M
Total Non-Current Assets	575.7M	640M	755.92M	821.49M	835.79M	970.52M	950.65M	1.3B	1.45B	1.8B
Total Assets+	862.73M	914.79M	1.05B	1.09B	1.17B	1.4B	1.58B	1.67B	1.83B	1.96B
Asset Growth %	0.06%	0.06%	0.15%	0.04%	0.07%	0.19%	0.14%	0.06%	0.09%	0.07%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	60.78M	58.53M	48.48M	43.22M	51.74M	58.99M	72.13M	158.54M	171.25M	120.72M
Net Debt	38.44M	37.13M	18.5M	11.01M	4.04M	-6M	3.11M	121.14M	76.56M	-29.11M
Long-Term Debt	39.75M	39M	29.21M	15.2M	15.18M	14.96M	14.96M	14.96M	14.96M	14.96M
Short-Term Debt	21.03M	19.53M	19.27M	28.02M	33.3M	40.91M	54.22M	140.74M	152.86M	103.11M
Other Liabilities	6.76M	7.78M	8.26M	10.36M	10.15M	10.64M	10.09M	10.66M	14.38M	16.91M
Total Current Liabilities	737.18M	786.15M	907.59M	953.54M	1.02B	1.23B	1.42B	1.53B	1.66B	1.78B
Total Non-Current Liabilities	46.51M	46.78M	37.48M	25.55M	28.59M	28.72M	28M	28.46M	32.77M	34.52M
Total Liabilities	783.7M	832.93M	945.07M	979.1M	1.05B	1.26B	1.44B	1.55B	1.7B	1.81B
Total Equity+	79.04M	81.86M	105.66M	112.5M	120.19M	136.34M	141M	118.36M	131.06M	144.49M
Equity Growth %	0.06%	0.04%	0.29%	0.06%	0.07%	0.13%	0.03%	-0.16%	0.11%	0.1%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.08%	0.06%	0.1%	0.09%	0.08%	0.11%	0.11%	0.09%	0.1%
Book Value per Share	11.76	12.06	15.09	14.55	15.84	18.22	18.68	15.56	17.14	18.76
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	6.69M	6.71M	7.59M	7.64M	7.44M	7.5M	7.55M	7.58M	7.61M	7.64M
Additional Paid-in Capital	75.76M	75.99M	94.52M	95.05M	90.49M	91.38M	92.14M	92.68M	93.17M	93.83M
Retained Earnings	-3.99M	573K	4.07M	12.26M	19.93M	26.45M	38.33M	49.02M	56.3M	65.84M
Accumulated OCI	830K	-1.24M	-444K	-2.33M	2.49M	11.29M	3.28M	-32.39M	-28.19M	-25.46M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	14.51M	5.13M	18.35M	19.97M	4.83M	-17.05M	57.93M	22.13M	12.23M	10.87M
Operating CF Growth %	0.21%	-0.65%	2.57%	0.09%	-0.76%	-4.53%	4.4%	-0.62%	-0.45%	-0.11%
Net Income	6.13M	6.68M	5.82M	11.23M	10.97M	10.1M	15.46M	14.61M	11.84M	13.96M
Depreciation & Amortization	1.64M	1.65M	1.79M	2.08M	2.12M	2M	1.92M	1.82M	1.92M	1.86M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	5.75M	1.18M	4.09M	4.08M	-6.09M	-28.57M	40.27M	6.93M	-3.56M	-8.12M
Working Capital Changes	986K	-4.38M	6.65M	2.59M	-2.17M	-570K	279K	-1.24M	2.03M	3.17M
Cash from Investing+	-57.98M	-51.54M	9M	-47.81M	-49.2M	-171.52M	-236.28M	-162.78M	-89.67M	-67.63M
Purchase of Investments	-70.1M	-66.36M	-30.63M	-64.15M	-113.1M	-112.04M	-271.38M	-119.62M	-8.61M	-17.73M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	22.39M	0	0	0	0	0	0	0
Other Investing	-50.2M	-55.67M	-40.76M	-69.33M	-17.87M	-106.53M	-18.32M	-115.64M	-152.61M	-86.59M
Cash from Financing+	43.88M	45.46M	-18.76M	29.52M	59.87M	205.87M	182.38M	109.03M	134.74M	111.89M
Dividends Paid	-1.83M	-2.12M	-2.47M	-3.03M	-3.31M	-3.57M	-3.59M	-3.91M	-4.24M	-4.42M
Share Repurchases	-98K	-353K	-408K	-57K	-5.79M	-15K	-70K	-42K	-149K	-223K
Stock Issued	229K	304K	372K	362K	570K	376K	504K	416K	438K	410K
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	-1000K	-1000K	-20K	-211K	1000K	1000K	1000K	-1000K
Other Financing	50.3M	48.9M	-5.97M	46.27M	68.42M	209.29M	172.24M	62.57M	98.68M	206.12M
Net Change in Cash+	409K	-942K	8.59M	1.68M	15.42M	17.3M	4.03M	-31.62M	57.29M	55.13M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	22.53M	22.94M	22M	30.59M	32.27M	47.69M	64.99M	69.02M	37.4M	94.69M
Cash at End	22.94M	22M	30.59M	32.27M	47.69M	64.99M	69.02M	37.4M	94.69M	149.83M
Interest Paid	3.47M	3.1M	2.8M	3.59M	5.47M	4.26M	3.31M	3.06M	20.75M	33.23M
Income Taxes Paid	2.22M	1.34M	1.9M	2.21M	2.41M	3.04M	5.1M	3.89M	3.57M	3.76M
Free Cash Flow+	11.84M	3.9M	15.28M	18.51M	2.03M	-18.13M	57.12M	20.9M	11.15M	9.77M
FCF Growth %	0.35%	-0.67%	2.92%	0.21%	-0.89%	-9.92%	4.15%	-0.63%	-0.47%	-0.12%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.98%	8.31%	6.2%	10.29%	9.43%	7.87%	11.15%	11.27%	9.5%	10.13%
Return on Assets (ROA)	0.73%	0.75%	0.59%	1.05%	0.97%	0.79%	1.04%	0.9%	0.68%	0.74%
Net Interest Margin	2.93%	2.89%	2.8%	3.27%	3.15%	2.87%	2.86%	2.87%	2.68%	2.66%
Efficiency Ratio	65.23%	66.75%	69.54%	62.04%	61.88%	62.78%	61.18%	63.28%	48.97%	43.2%
Equity / Assets	9.16%	8.95%	10.06%	10.31%	10.27%	9.77%	8.9%	7.08%	7.17%	7.38%
Book Value / Share	11.76	12.06	15.09	14.55	15.84	18.22	18.68	15.56	17.14	18.76
NII Growth	6.42%	4.78%	11.09%	21.62%	3.08%	8.61%	13.13%	5.88%	1.98%	6.44%
Dividend Payout	29.92%	31.68%	42.53%	27.01%	30.13%	35.38%	23.23%	26.78%	35.76%	31.64%

Frequently Asked Questions

Valuation & Price

First Community Corporation (FCCO) has a price-to-earnings (P/E) ratio of 16.3x. This is roughly in line with market averages.

Growth & Financials

First Community Corporation (FCCO) grew revenue by 25.8% over the past year. This is strong growth.

Yes, First Community Corporation (FCCO) is profitable, generating $18.6M in net income for fiscal year 2024 (14.2% net margin).

Dividend & Returns

Yes, First Community Corporation (FCCO) pays a dividend with a yield of 1.94%. This makes it attractive for income-focused investors.

First Community Corporation (FCCO) has a return on equity (ROE) of 10.1%. This is reasonable for most industries.

Industry Metrics

First Community Corporation (FCCO) has a net interest margin (NIM) of 2.7%. NIM has been under pressure due to interest rate environment.

First Community Corporation (FCCO) has an efficiency ratio of 43.2%. This is excellent, indicating strong cost control.

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