The bank achieved a 27.7% year-over-year increase in net interest income by 2026Q1, supported by an efficiency ratio of 46.7% that reflects disciplined expense management.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Net Interest Income | 66M | 62.02M | 52.04M | 48.89M | 47.94M | 45.28M | 40.02M | 36.85M | 35.75M | 29.39M | 26.46M | 25.25M | 23.73M | 18.05M | 17.57M | 18.32M | 18.14M | 17.88M | 17.2M | 15.29M | 14.32M | 12.99M | 9.6M | 7.65M | 7.04M | 5.52M | 4.38M | 3.7M | 2.66M | 1.8M | 1.02M |
| NII Growth % | 85.35% | 19.18% | 6.44% | 1.98% | 5.88% | 13.13% | 8.61% | 3.08% | 21.62% | 11.09% | 4.78% | 6.42% | 31.48% | 2.7% | -4.06% | 0.99% | 1.45% | 3.95% | 12.48% | 6.75% | 10.22% | 35.41% | 25.48% | 8.57% | 27.55% | 26.22% | 18.26% | 39.14% | 47.56% | 76% | 317.89% |
| Net Interest Margin % | 2.76% | 3.01% | 2.66% | 2.68% | 2.87% | 2.86% | 2.87% | 3.15% | 3.27% | 2.8% | 2.89% | 2.93% | 2.92% | 2.85% | 2.91% | 3.08% | 3.03% | 2.95% | 2.64% | 2.7% | 2.61% | 2.78% | 2.11% | 3.56% | 3.61% | 3.53% | 3.91% | 3.9% | 3.64% | 3.53% | 2.69% |
| Interest Income | 102.01M | 97.05M | 89.42M | 72.7M | 51.12M | 47.52M | 43.78M | 42.63M | 39.73M | 32.16M | 29.51M | 28.65M | 27.3M | 21.78M | 23M | 25.53M | 27.51M | 30.98M | 33.01M | 30.96M | 27.25M | 21.34M | 13.04M | 10.03M | 9.85M | 9.61M | 7.73M | 6.2M | 4.58M | 3.19M | 1.77M |
| Interest Expense | 36.01M | 35.03M | 37.38M | 23.8M | 3.17M | 2.24M | 3.75M | 5.78M | 3.98M | 2.76M | 3.05M | 3.4M | 3.57M | 3.73M | 5.43M | 7.21M | 9.37M | 13.1M | 15.81M | 15.67M | 12.92M | 8.35M | 3.45M | 2.38M | 2.8M | 4.09M | 3.35M | 2.5M | 1.92M | 1.39M | 746.05K |
| Loan Loss Provision | 157K | 401K | 809K | 1.13M | -152K | 335K | 3.66M | 139K | 346K | 530K | 774K | 1.14M | 880K | 528K | 496K | 1.42M | 1.88M | 3.1M | 2.13M | 492K | 528K | 328.68K | 245K | 167K | 677K | 407.3K | 160.5K | 200K | 179K | 193.86K | 135K |
| Non-Interest Income | 12.96M | 14.01M | 9.1M | 5.63M | 7.25M | 9.73M | 10M | 9.18M | 8.34M | 8.67M | 8.6M | 8.56M | 8M | 7.88M | 7.69M | 6.47M | 3.84M | 6.69M | 4.41M | 5.02M | 4.24M | 3.3M | 1.77M | 1.44M | 1.23M | 938.09K | 594.42K | 500K | -2.04M | -1.35M | -763.06K |
| Non-Interest Income % | 11.28% | 12.61% | 9.24% | 7.19% | 12.42% | 17% | 18.59% | 17.72% | 17.36% | 21.24% | 22.57% | 23.01% | 22.65% | 26.57% | 25.06% | 20.23% | 12.26% | 17.76% | 11.79% | 13.95% | 13.47% | 13.38% | 11.97% | 12.55% | 11.12% | 8.89% | 7.14% | 7.46% | -80.63% | -72.86% | -75.78% |
| Total Revenue | 114.97M | 111.06M | 98.53M | 78.33M | 58.37M | 57.25M | 53.77M | 51.81M | 48.07M | 40.83M | 38.11M | 37.21M | 35.29M | 29.66M | 30.7M | 32M | 31.36M | 37.67M | 37.42M | 35.97M | 31.49M | 24.64M | 14.82M | 11.47M | 11.08M | 10.55M | 8.32M | 6.7M | 2.53M | 1.85M | 1.01M |
| Revenue Growth % | 55.79% | 12.72% | 25.78% | 34.21% | 1.94% | 6.47% | 3.78% | 7.78% | 17.74% | 7.15% | 2.41% | 5.43% | 18.97% | -3.36% | -4.08% | 2.05% | -16.77% | 0.68% | 4.02% | 14.25% | 27.78% | 66.3% | 29.21% | 3.51% | 5.02% | 26.75% | 24.22% | 164.3% | 37.19% | 83.5% | 417.49% |
| Non-Interest Expense | 52.83M | 50.4M | 42.56M | 38.35M | 36.93M | 35.03M | 33.76M | 32.06M | 29.82M | 28.39M | 25.44M | 24.27M | 23.74M | 20.11M | 19.18M | 18.59M | 17.68M | 46M | 30.03M | 14.13M | 13.08M | 11.84M | 7.98M | 6.16M | 5.38M | 4.38M | 3.31M | 2.8M | -470.45K | 10.89K | 125.92K |
| Efficiency Ratio | 45.95% | 45.38% | 43.2% | 48.97% | 63.28% | 61.18% | 62.78% | 61.88% | 62.04% | 69.54% | 66.75% | 65.23% | 67.27% | 67.8% | 62.5% | 58.09% | 56.4% | 122.11% | 80.26% | 39.27% | 41.55% | 48.04% | 53.83% | 53.7% | 48.54% | 41.53% | 39.72% | 41.79% | -18.56% | 0.59% | 12.51% |
| Operating Income | 25.98M | 25.23M | 17.77M | 15.04M | 18.41M | 19.65M | 12.6M | 13.83M | 13.92M | 9.14M | 8.85M | 8.4M | 7.1M | 5.29M | 5.59M | 4.78M | 2.42M | -24.54M | -10.55M | 5.69M | 4.95M | 4.13M | 3.15M | 2.76M | 2.22M | 1.67M | 1.5M | 1.2M | 906.86K | 251.18K | 0 |
| Operating Margin % | 22.6% | 22.72% | 18.04% | 19.2% | 31.54% | 34.32% | 23.42% | 26.69% | 28.96% | 22.4% | 23.22% | 22.58% | 20.13% | 17.83% | 18.2% | 14.94% | 7.71% | -65.13% | -28.21% | 15.82% | 15.73% | 16.74% | 21.24% | 24.09% | 20.06% | 15.86% | 18.07% | 17.91% | 35.77% | 13.59% | 0% |
| Operating Income Growth % | - | 41.97% | 18.15% | -18.31% | -6.29% | 55.99% | -8.92% | -0.68% | 52.25% | 3.35% | 5.31% | 18.3% | 34.27% | -5.33% | 16.88% | 97.64% | 109.86% | -132.47% | -285.48% | 14.88% | 20.06% | 31.05% | 13.95% | 24.32% | 32.81% | 11.26% | 25.31% | 32.33% | 261.04% | - | - |
| Pretax Income | 25.61M | 24.86M | 17.77M | 15.04M | 18.41M | 19.65M | 12.6M | 13.83M | 13.92M | 9.14M | 8.85M | 8.4M | 7.1M | 5.29M | 5.59M | 4.78M | 2.42M | -24.54M | -10.55M | 5.69M | 4.95M | 4.13M | 3.15M | 2.76M | 2.22M | 1.67M | 1.5M | 1.2M | 906.86K | 251.18K | 0 |
| Pretax Margin % | 22.28% | 22.38% | 18.04% | 19.2% | 31.54% | 34.32% | 23.42% | 26.69% | 28.96% | 22.4% | 23.22% | 22.58% | 20.13% | 17.83% | 18.2% | 14.94% | 7.71% | -65.13% | -28.21% | 15.82% | 15.73% | 16.74% | 21.24% | 24.09% | 20.06% | 15.86% | 18.07% | 17.91% | 35.77% | 13.59% | 0% |
| Income Tax | 4.91M | 5.65M | 3.81M | 3.2M | 3.8M | 4.18M | 2.5M | 2.86M | 2.69M | 3.33M | 2.17M | 2.28M | 1.98M | 1.15M | 1.62M | 1.46M | 565K | 696K | -3.76M | 1.73M | 1.45M | 1.03M | 962.85K | 964.89K | 757.7K | 569.42K | 519.69K | 400K | 59.92K | 0 | 0 |
| Effective Tax Rate % | 19.16% | 22.74% | 21.47% | 21.26% | 20.63% | 21.29% | 19.82% | 20.67% | 19.35% | 36.41% | 24.49% | 27.09% | 27.9% | 21.8% | 28.99% | 30.47% | 23.36% | -2.84% | 35.64% | 30.32% | 29.32% | 25.03% | 30.59% | 34.93% | 34.1% | 34.03% | 34.56% | 33.33% | 6.61% | 0% | - |
| Net Income | 20.71M | 19.2M | 13.96M | 11.84M | 14.61M | 15.46M | 10.1M | 10.97M | 11.23M | 5.82M | 6.68M | 6.13M | 5.12M | 4.14M | 3.97M | 3.32M | 1.85M | -25.23M | -6.79M | 3.96M | 3.5M | 3.09M | 2.18M | 1.8M | 1.46M | 1.1M | 984.04K | 800K | 846.93K | 251.18K | -281.63K |
| Net Margin % | 18.01% | 17.29% | 14.16% | 15.12% | 25.04% | 27.01% | 18.78% | 21.17% | 23.36% | 14.24% | 17.53% | 16.47% | 14.51% | 13.95% | 12.93% | 10.39% | 5.91% | -66.98% | -18.15% | 11.02% | 11.12% | 12.55% | 14.75% | 15.67% | 13.22% | 10.46% | 11.82% | 11.94% | 33.41% | 13.59% | -27.97% |
| Net Income Growth % | 34.85% | 37.62% | 17.83% | -18.96% | -5.51% | 53.13% | -7.95% | -2.3% | 93.1% | -12.98% | 9.06% | 19.64% | 23.79% | 4.26% | 19.37% | 79.29% | 107.35% | -271.43% | -271.32% | 13.25% | 13.2% | 41.54% | 21.56% | 22.75% | 32.68% | 12.15% | 23.01% | -5.54% | 237.19% | 189.19% | 49.51% |
| Net Income (Continuing) | 20.71M | 19.2M | 13.96M | 11.84M | 14.61M | 15.46M | 10.1M | 10.97M | 11.23M | 5.82M | 6.68M | 6.13M | 5.12M | 4.14M | 3.97M | 3.32M | 1.85M | -25.23M | -6.79M | 3.96M | 3.5M | 3.09M | 2.18M | 1.8M | 1.46M | 1.1M | 984.04K | 800K | 846.93K | 251.18K | -281.63K |
| EPS (Diluted) | 2.22 | 2.47 | 1.81 | 1.55 | 1.92 | 2.05 | 1.35 | 1.45 | 1.45 | 0.83 | 0.98 | 0.91 | 0.78 | 0.78 | 0.79 | 0.81 | 0.36 | -7.95 | -2.14 | 1.21 | 1.10 | 1.04 | 1.09 | 1.08 | 0.90 | 0.68 | 0.61 | 0.50 | 0.66 | 0.27 | -0.31 |
| EPS Growth % | 28.79% | 36.46% | 16.77% | -19.27% | -6.34% | 51.85% | -6.9% | 0% | 74.7% | -15.31% | 7.69% | 16.67% | 0% | -1.27% | -2.47% | 125% | 104.53% | -271.5% | -276.86% | 10% | 5.77% | -4.59% | 0.93% | 20% | 32.35% | 11.48% | 22% | -24.24% | 144.44% | 187.1% | 50% |
| EPS (Basic) | - | 2.51 | 1.83 | 1.56 | 1.94 | 2.06 | 1.36 | 1.46 | 1.48 | 0.85 | 1.01 | 0.93 | 0.78 | 0.78 | 0.79 | 0.81 | 0.36 | -7.95 | -2.14 | 1.23 | 1.13 | 1.09 | 1.15 | 1.13 | 0.92 | 0.69 | 0.62 | 0.52 | 0.69 | 0.27 | -0.31 |
| Diluted Shares Outstanding | 9.34M | 7.79M | 7.7M | 7.65M | 7.61M | 7.55M | 7.48M | 7.59M | 7.73M | 7M | 6.79M | 6.72M | 6.61M | 5.33M | 4.17M | 3.29M | 3.26M | 3.26M | 3.2M | 3.28M | 3.18M | 2.97M | 2M | 1.66M | 1.63M | 1.62M | 1.61M | 1.59M | 1.28M | 915.75K | 901.56K |
Geographic real estate concentration
According to the provided quarterly data, FCCO achieved a notable 27.7% year-over-year growth in net interest income by 2026Q1, reflecting a successful capture of higher asset yields that appears to have outpaced the rising costs of funding within the competitive South Carolina Midlands banking market.
The consistent upward trajectory in NII from $12.1 million in 2024Q1 to $18.4 million in 2026Q1 suggests that the bank is effectively managing its deposit beta despite broader industry pressures. This growth implies that the bank's localized relationship-based lending model is successfully insulating its net interest spread from the volatility seen in larger, more commoditized regional institutions.
As reported in financial statements, FCCO maintained an efficiency ratio of 46.7% in 2026Q1, demonstrating a disciplined approach to managing non-interest expenses relative to total revenue growth, even as the bank continues to invest in its physical footprint across the Lexington and Richland County markets.
The bank's ability to keep its efficiency ratio within a tight 41% to 47% range over the last ten quarters indicates strong operational leverage. This suggests that management is successfully scaling its revenue base without incurring disproportionate increases in overhead, which is critical for a branch-heavy community bank model.
Based on the reported figures, FCCO's provision expense has remained relatively modest, peaking at $437,000 in 2025Q1 before moderating to $193,000 in 2026Q1, which suggests a cautious yet stable approach to credit risk management in the face of ongoing commercial and retail loan expansion.
The low and occasionally negative provision expense indicates that the bank's loan portfolio has not yet experienced significant credit deterioration. Investors should monitor whether this trend persists, as the current provisioning levels may reflect a benign credit environment that could shift if the local South Carolina real estate market experiences a downturn.
Data from the income statement shows that non-interest fee income contributed 5.5% to 14.8% of total revenue over the observed period, providing a necessary, albeit fluctuating, buffer that helps stabilize earnings against the inherent cyclicality of the bank's primary net interest income-driven business model.
The variability in fee income, particularly the spike to 14.7% in 2025Q4, suggests that the mortgage and investment advisory segments are sensitive to market conditions. While these segments offer diversification, their contribution appears inconsistent, warranting further investigation into whether they can provide reliable, recurring revenue to offset potential interest rate-driven margin compression.
Quick answers to the most common questions about buying FCCO stock.
First Community Corporation (FCCO) is profitable, generating $19.2M in net income for the fiscal year ending 2025 with a net profit margin of 17.3%.
First Community Corporation (FCCO) reported an operating income of $25.2M, resulting in an operating profit margin of 22.7%. This margin reflects the operational efficiency of the business before interest and taxes.
First Community Corporation (FCCO) generated $75.6M in gross profit for the year, representing a gross profit margin of 68.1%. This demonstrates the company's core pricing power and production efficiency.