First Community Corp Files 8-K on Financials

TL;DR

FCCO dropped an 8-K on July 17th detailing financial results and operations.

AI Summary

On July 17, 2024, First Community Corporation filed an 8-K report. The filing primarily concerns the company's financial condition and results of operations. It also includes financial statements and exhibits related to these matters.

Why It Matters

This filing provides investors with updated financial information and operational results for First Community Corporation, crucial for assessing the company's performance and future prospects.

Risk Assessment

Risk Level: low — This is a routine filing of financial information and does not indicate any unusual risks or events.

Key Players & Entities

• First Community Corporation (company) — Registrant
• South Carolina (location) — State of incorporation
• July 17, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $1.00 — ch registered Common stock, par value $1.00 per share FCCO The Nasdaq Stock Marke
• $0.15 — quarter of 2024. The Company will pay a $0.15 per share dividend to holders of the Co

Filing Documents

• e24310_fcco-8k.htm (8-K) — 34KB
• e24310_ex99-1.htm (EX-99.1) — 292KB
• e24310001.jpg (GRAPHIC) — 9KB
• 0001552781-24-000403.txt ( ) — 543KB
• fcco-20240717.xsd (EX-101.SCH) — 3KB
• fcco-20240717_lab.xml (EX-101.LAB) — 34KB
• fcco-20240717_pre.xml (EX-101.PRE) — 22KB
• e24310_fcco-8k_htm.xml (XML) — 4KB

02. Results of Operations

Item 2.02. Results of Operations and Financial Condition. On July 17, 2024, First Community Corporation (the "Company"), holding company for First Community Bank, issued a press release announcing its financial results for the period ended June 30, 2024. The Company announced that the Board of Directors has approved a cash dividend for the second quarter of 2024. The Company will pay a $0.15 per share dividend to holders of the Company's common stock. This dividend is payable on August 13, 2024 to shareholders of record as of July 30, 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", "forward" 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 credit 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 investmen

01. Financial Statements

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Item Exhibits 99.1 Earnings Press Release for the period ended June 30, 2024. 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: July 17, 2024