FIRST COMMUNITY CORP /SC/ Files 8-K on Financial Results

TL;DR

**FCCO just dropped its earnings report, time to see if they're making money!**

AI Summary

First Community Corporation (FCCO) filed an 8-K on January 24, 2024, to report its latest financial results and condition. This filing, under Items 2.02 and 9.01, indicates the company is disclosing its earnings, which is a routine but crucial update for investors. For shareholders or potential buyers, this matters because the financial results will reveal the company's profitability, growth, and overall health, directly impacting the stock's valuation and future prospects.

Why It Matters

This filing provides the latest financial performance data for First Community Corporation, which is essential for investors to assess the company's health and make informed decisions.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results, which is standard practice and does not inherently introduce new risks.

Analyst Insight

A smart investor would review the full financial statements and exhibits once they are publicly available to understand the specifics of First Community Corporation's performance and its implications for future growth and dividends.

Key Numbers

• $1.00 — Par value per share (The stated value of each common stock share for First Community Corporation.)

Key Players & Entities

• FIRST COMMUNITY CORP /SC/ (company) — the registrant filing the 8-K
• FCCO (company) — the trading symbol for First Community Corporation
• January 24, 2024 (date) — the date of the earliest event reported and filing date
• $1.00 (dollar_amount) — par value per share of common stock

Forward-Looking Statements

• First Community Corporation will release its full Q4 2023 earnings report shortly after this 8-K. (FIRST COMMUNITY CORP /SC/) — high confidence, target: Q1 2024

FAQ

Key Financial Figures

• $1.00 — ch registered Common stock, par value $1.00 per share FCCO The Nasdaq Stock Marke
• $0.14 — quarter of 2023. The Company will pay a $0.14 per share dividend to holders of the Co

Filing Documents

• e24021_fcco-8k.htm (8-K) — 35KB
• e24021_ex99-1.htm (EX-99.1) — 354KB
• e24021001.jpg (GRAPHIC) — 12KB
• 0001552781-24-000017.txt ( ) — 607KB
• fcco-20240124.xsd (EX-101.SCH) — 3KB
• fcco-20240124_lab.xml (EX-101.LAB) — 33KB
• fcco-20240124_pre.xml (EX-101.PRE) — 22KB
• e24021_fcco-8k_htm.xml (XML) — 3KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On January 24, 2024, First Community Corporation (the "Company"), holding company for First Community Bank, issued a press release announcing its financial results for the period ended December 31, 2023. The Company announced that the Board of Directors has approved a cash dividend for the fourth quarter of 2023. The Company will pay a $0.14 per share dividend to holders of the Company's common stock. This dividend is payable on February 20, 2024 to shareholders of record as of February 6, 2024. A copy of the press release is attached hereto as Exhibit 99.1.

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS Certain statements in this report may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to future plans, goals, projections and expectations, and are thus prospective. Forward looking statements can be identified by words such as "anticipate", "expects", "intends", "believes", "may", "likely", "will", "plans", "positions", "future" or other statements that indicate future periods. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors, include, among others, the following: (1) competitive pressures among depository and other financial institutions may increase significantly and have an effect on pricing, spending, third-party relationships and revenues; (2) the strength of the United States economy in general and the strength of the local economies in which we conduct operations may be different than expected; (3) the rate of delinquencies and amounts of charge-offs, the level of allowance for loan loss, the rates of loan growth, or adverse changes in asset quality in our loan portfolio, which may result in increased credit risk-related losses and expenses; (4) changes in legislation, regulation, policies or administrative practices, whether by judicial, governmental, or legislative action; (5) adverse conditions in the stock market, the public debt markets and other capital markets (including changes in interest rate conditions) could continue to have a negative impact on the company; (6) changes in interest rates, which have and may continue to affect our deposit and funding costs, net income, prepayment penalty income, mortgage banking income, and other future cash flows, or the market value of our assets, including our investment securities;

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Item Exhibit List 99.1 Earnings Press Release for the period ended December 31, 2023. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIRST COMMUNITY CORPORATION By: /s/ D. Shawn Jordan Name: D. Shawn Jordan Title: Chief Financial Officer Dated: January 24, 2024