The sustained margin expansion (10th consecutive quarter) and strong organic loan growth signal accelerating earnings momentum. With TCE improving to 8.50% and a $7.5M buyback authorization in place, the bank has ample capital to support further growth. Monitor the Signature Bank integration for cost synergies and the leadership transition for any execution risk.
Price Chart
Executive Summary
First Community Corporation reported Q3 2026 EPS of $0.85, beating consensus of $0.81 by 4.9%, and revenue of $26.2M beating consensus of $26.1M. Net income rose 54.9% YoY to $8.044M, driven by continued net interest margin expansion (3.59%, +8bp QoQ) and strong loan growth. The bank also declared a $0.17 dividend, its 99th consecutive quarterly payout.
Key Financial Metrics
Key Facts
- Q3 2026 diluted EPS of $0.85 vs consensus $0.81 (4.9% beat)
- Net income $8.044M, up 54.9% YoY and 5.9% QoQ
- Net interest margin (tax-equivalent) expanded to 3.59%, the 10th consecutive quarter of expansion
- Total loans grew $32.1M (8.1% annualized) to $1.610B
- Investment advisory revenue up 39.9% YoY to $2.605M; AUM at $1.404B
- Cash dividend increased to $0.17 per share, 99th consecutive quarterly dividend
- TCE ratio improved to 8.50% from 7.47% at year-end 2025
- Credit quality remains strong: NPAs at 0.04% of assets, net charge-offs of $9K
Financial Impact
EPS beat of $0.04 (+4.9%) on consensus $0.81; net income up 54.9% YoY to $8.044M
Risk Factors
- AOCL increased to $22.9M from $18.2M QoQ due to rising rates, pressuring tangible book value
- Substandard loans rose to $5.9M from $1.3M at year-end 2025, though still manageable
- Leadership transition risk noted in forward-looking statements
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001552781-26-000524 |
| Document: e26429_fcco-8k.htm | 0001552781-26-000524 |
| Document: 0001552781-26-000524-index-headers.html | 0001552781-26-000524 |
| Document: 0001552781-26-000524-index.html | 0001552781-26-000524 |
| Document: 0001552781-26-000524.txt | 0001552781-26-000524 |
| 8-K Data (Synthetic) | 0001552781-26-000524 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 8-K | $32.99 $33.10 | ▲ +0.33% | ▲ +0.86% | $32.92 (−0.21%) |
Oct 21, 2026 6d ago | Press Release | $32.77 $32.99 | ▲ +0.67% | ▲ +1.85% | $32.92 (+0.46%) |
Oct 6, 2026 20d ago | 3 | $32.33 $32.44 | ▲ +0.34% | ▲ +0.76% | $32.92 (+1.82%) |
Oct 6, 2026 20d ago | 3 | $32.33 $32.44 | ▲ +0.34% | ▲ +0.76% | $32.92 (+1.82%) |
Oct 2, 2026 25d ago | 8-K | $32.67 $32.58 | ▼ −0.28% | ▼ −0.95% | $32.92 (+0.77%) |
Oct 1, 2026 26d ago | 8-K | $32.47 $32.67 | ▲ +0.62% | ▼ −0.12% | $32.92 (+1.39%) |
Sep 16, 2026 5w ago | 8-K | $33.60 $33.80 | ▲ +0.60% | ▼ −0.54% | $32.92 (−2.02%) |
Aug 26, 2026 8w ago | Insider Cluster | $33.40 $33.63 | ▲ +0.69% | ▲ +0.92% | $32.92 (−1.44%) |
Aug 19, 2026 9w ago | 8-K | $33.80 $33.96 | ▲ +0.47% | ▲ +1.31% | $32.92 (−2.60%) |
Aug 12, 2026 10w ago | Institutional Cluster | $34.16 $34.58 | ▲ +1.23% | ▲ +0.53% | $32.92 (−3.63%) |
US Market Status
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