First Community Corporation Reports Strong Third Quarter Financials

Columbia, South Carolina, October 23, 2025

News Summary

First Community Corporation, based in Columbia, South Carolina, has reported significant financial growth for the third quarter of 2025, with a net income of $5.192 million—a 34.5% increase from the previous year. The company noted a rise in earnings per share to $0.67 and total revenue of $29.4 million, exceeding forecasts. In addition to expanding total loans and deposits, First Community announced plans to acquire Signature Bank of Georgia, aiming to enhance its operations further.

First Community Corporation, located in the city of Columbia, South Carolina, has announced impressive financial results for the third quarter of 2025, showcasing significant year-over-year growth. The company reported a net income of $5.192 million, which reflects a remarkable 34.5% increase from the $3.861 million recorded in the same quarter of 2024.

The corporation’s earnings per share (EPS) experienced a significant rise, reaching $0.67 for the third quarter, representing a 34% jump from $0.50 in Q3 2024. Furthermore, after excluding merger-related expenses, the adjusted net income was $5.630 million, marking a substantial 45.8% increase year-over-year.

Year-to-date results through September 30, 2025, showed net income of $14.375 million, indicating a 47.8% increase from the previous year, when net income was $9.723 million. This led to a year-to-date diluted EPS of $1.85, climbing 46.8% from $1.26 in 2024.

In addition to these encouraging earnings, First Community Corporation’s total revenue for Q3 2025 amounted to $29.4 million, exceeding analysts’ predictions. The company reported a net interest margin of 3.27%, demonstrating six consecutive quarters of improvement.

The financial health of First Community is evident through its growth in total loans, which increased by $19.3 million in the quarter, resulting in total loans reaching $1.279 billion and a 6.1% annualized growth rate. Total deposits also saw an increase, rising by $17.1 million to $1.771 billion, with customer deposits surging by $27.6 million. Notably, non-interest bearing accounts rose by $7.4 million to $483.3 million, now comprising 27.3% of total deposits.

The company’s asset quality remains robust, highlighted by a non-performing assets ratio of just 0.04% of total assets and a past due ratio of 0.07%. The net charge-offs recorded during the quarter were minimal, at only $13,000.

First Community Corporation’s assets under management reached a record high of $1.103 billion, representing a 19.1% increase year-to-date. The bank declared a quarterly cash dividend of $0.16 per share, marking the 95th consecutive quarter of dividend payments.

In a strategic move, First Community is currently in the process of acquiring Signature Bank of Georgia, with a special shareholders’ meeting scheduled for November 19, 2025. This acquisition is anticipated to enhance their capabilities in SBA lending and extend their operations into the Atlanta metro area. The combined entity will have over $2.3 billion in assets and 23 locations.

As of the latest report, First Community Corporation’s market capitalization stands at approximately $209.44 million, and it maintains strong capital ratios, including a tangible common equity to tangible assets ratio of 7.15% as of September 30, 2025.

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Additional Resources

• Stamford Advocate
• PR Newswire: Third Quarter Results
• Investing.com: Q3 Net Income Increase
• Google Search: First Community Corporation
• Encyclopedia Britannica: First Community Corporation

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