FIRST COMMUNITY CORP /SC/

First Community Corporation reported strong financial results for the second quarter and first half of 2026, with net income and diluted EPS showing significant year-over-year growth. The company's total assets and deposits also increased substantially. A key driver of this growth was the successful acquisition of Signature Bank of Georgia on January 8, 2026, which contributed significantly to the balance sheet expansion. The company also declared a quarterly common stock dividend.

First Community Corporation announced a planned leadership transition for First Community Bank, with Ted Nissen retiring as CEO/President on December 31, 2026. Vaughan Dozier will become CEO and Drew Painter will become President, effective January 1, 2027. The company also highlighted the successful acquisition of Signature Bank of Georgia, which closed in January 2026, and provided an investor presentation detailing strong financial performance including loan growth, NIM expansion, and a dividend increase.

First Community Corporation announced a multi-year leadership transition plan, with J. Ted Nissen retiring as CEO and President of First Community Bank by December 31, 2026. Vaughan R. Dozier will become CEO and Joseph A. "Drew" Painter will become President of First Community Bank, effective January 1, 2027. The company also highlighted its Q2 2026 performance and the recent acquisition of Signature Bank of Georgia, which closed on January 8, 2026, adding $195.7 million in loans and $229.8 million in deposits. The investor presentation also covered financial metrics like NIM expansion, loan growth, and capital ratios.

First Community Corporation announced a planned management succession and leadership transition for First Community Bank, effective January 1, 2027. J. Ted Nissen will retire as the Bank's President and CEO, with Vaughan R. Dozier, Jr. becoming CEO and Joseph A. Painter becoming President. Concurrently, the company reported strong second-quarter 2026 financial results, including a 46.5% increase in net income to $7.595 million and a 19.4% rise in diluted EPS to $0.80 year-over-year. The Board also approved a cash dividend of $0.17 per share.

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.

First Community Corporation reported a significant increase in net income and EPS for Q1 2026, alongside the completion of its all-stock acquisition of Signature Bank of Georgia on January 8, 2026. The acquisition involved issuing 1.66 million common shares for approximately $49.7 million in total consideration. The company also disclosed corrections to the preliminary purchase accounting for the acquisition, which adjusted goodwill and other intangible assets but did not materially impact total assets, liabilities, equity, or net income.

First Community Corporation announced that its Board of Directors approved a share repurchase plan, authorizing the company to buy back up to $7.5 million of its common stock. This amount represents approximately 3.4% of the company's total shareholders' equity as of March 31, 2026. The repurchases may occur through open market or privately negotiated transactions until May 5, 2027, with management having discretion over the execution.

First Community Corporation announced that its Board of Directors has approved a cash dividend for the first quarter of 2026. The company will pay $0.16 per share to holders of its common stock. This dividend is scheduled to be paid on May 19, 2026, to shareholders of record as of May 5, 2026.