Quarterly UpdatesMay 29, 2026, 04:16 PM

First Community Updates Investors on 1Q26 & Signature Bank Acquisition

AI Summary

First Community Corporation furnished investor presentation materials for meetings with investors on June 1-2, 2026. The presentation highlights the company's 1Q26 performance and provides details on the recently completed acquisition of Signature Bank of Georgia. Key financial metrics for 1Q26 include $2.4 billion in total assets, 13.1% annualized loan growth, and a net interest margin of 3.32%. The acquisition expanded First Community's presence into the Atlanta MSA and added Government Guaranteed Lending/SBA lines of business.

Key Highlights

Signature Bank of Georgia acquisition closed January 8, 2026, expanding into the Atlanta MSA.
Total assets reached $2.4 billion as of March 31, 2026.
1Q26 annualized loan portfolio growth was 13.1% (excluding acquisition impact).
Net Interest Margin (NIM) was 3.32% in 1Q26, marking eight consecutive quarters of expansion.
Total deposits were $2.148 billion as of March 31, 2026, with 27% non-interest bearing.
Core Net Income for 1Q26 was $6.754 million (non-GAAP).
Company plans to repurchase up to $7.5 million of common stock (3.4% of total shareholders' equity).
Maintained 97 consecutive quarterly dividends, with a current yield of 2.11%.

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FIRST COMMUNITY CORP /SC/

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