Business UpdateNov 3, 2026, 04:37 PM

First Community Corp Investor Presentation: Leadership Transition & 3Q26 Update

AI Summary

First Community Corporation is furnishing investor presentation materials to be used in meetings with investors from November 4-6, 2026. The presentation details 3Q26 highlights, including a significant leadership transition plan where CEO Ted Nissen will retire at year-end 2026, with Vaughan Dozier and Drew Painter stepping into CEO and President roles, respectively. It also covers the successful acquisition of Signature Bank of Georgia, growth in earning assets and deposits, a stable Net Interest Margin, and capital management. A cash dividend of $0.17 per share was also declared.

Key Highlights

First Community Corporation is furnishing investor presentation materials for meetings on November 4-6, 2026.
The presentation covers 3Q26 highlights including leadership transition, Signature Bank of Georgia acquisition, earning assets, funding, NIM, risk management, capital, and non-interest income.
Planned leadership transition: Ted Nissen to retire as Bank CEO Dec 31, 2026; Vaughan Dozier to become Bank CEO Jan 1, 2027; Drew Painter to become Bank President Jan 1, 2027.
Signature Bank of Georgia acquisition closed January 8, 2026, adding a growth market and GGL/SBA lines of business.
Loan portfolio grew 10.6% YTD annualized, reaching $2.4 billion total assets as of September 30, 2026.
Total deposits reached $2.1 billion as of September 30, 2026, with a total deposit cost of 1.76%.
Net Interest Margin (NIM) shows ten consecutive quarters of expansion.
Approved a cash dividend of $0.17 per share, payable November 17, 2026.

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FCCO

Major Banks

FIRST COMMUNITY CORP /SC/

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