First Community Corporation (FCCO)

First Community Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	89.42	52.32	39.23	39.67	37.04
Interest Income on Investments	-	20.38	11.88	7.85	6.74
Total Interest Income	89.42	72.7	51.12	47.52	43.78
Interest Paid on Deposits	37.38	16.56	1.85	1.74	3.02
Interest Paid on Borrowings	-	7.24	1.33	0.5	0.73
Total Interest Expense	37.38	23.81	3.17	2.24	3.76
Net Interest Income	52.04	48.89	47.94	45.28	40.02
Net Interest Income Growth (YoY)	6.44%	1.98%	5.88%	13.13%	8.61%
Mortgage Banking Activities	2.37	1.41	1.9	4.32	5.56
Gain (Loss) on Sale of Assets	0.01	-	-0.07	0.12	-
Gain (Loss) on Sale of Investments	-	-1.25	-	-	0.1
Other Non-Interest Income	10.58	9.03	8.82	8.24	6.53
Total Non-Interest Income	13.91	10.3	11.56	13.73	13.46
Non-Interest Income Growth (YoY)	35.04%	-10.92%	-15.81%	2.04%	14.67%
Revenues Before Loan Losses	65.95	59.19	59.51	59.01	53.48
Provision for Loan Losses	0.81	1.13	-0.15	0.34	3.66
Revenue	65.14	58.06	59.66	58.68	49.82
Revenue Growth (YoY)	12.19%	-2.67%	1.67%	17.78%	2.83%
Salaries and Employee Benefits	29.26	23.68	23.9	24.49	24.03
Federal Deposit Insurance	1.18	0.9	0.47	0.62	0.4
Amortization of Goodwill & Intangibles	0.16	0.16	0.16	0.2	0.36
Selling, General & Administrative	6.06	8.4	7.07	5.42	4.99
Other Non-Interest Expense	10.71	10.11	9.36	8.37	7.55
Total Non-Interest Expense	47.47	43.14	41.25	39.2	37.53
EBT Excluding Unusual Items	17.68	14.92	18.4	19.48	12.28
Other Unusual Items	0.1	0.12	0.01	0.17	-
Pretax Income	17.77	15.04	18.41	19.65	12.6
Income Tax Expense	3.82	3.2	3.8	4.18	2.5
Net Income	13.96	11.84	14.61	15.47	10.1
Net Income to Common	13.96	11.84	14.61	15.47	10.1
Net Income Growth	17.83%	-18.96%	-5.51%	53.13%	-7.95%
Basic Shares Outstanding	8	8	8	7	7
Diluted Shares Outstanding	8	8	8	8	7
Shares Change (YoY)	0.72%	0.51%	0.78%	0.90%	-1.40%
EPS (Basic)	1.83	1.56	1.94	2.06	1.36
EPS (Diluted)	1.81	1.55	1.92	2.05	1.35
EPS Growth	16.77%	-19.27%	-6.34%	51.85%	-6.90%
Dividend Per Share	0.590	0.560	0.530	0.490	0.480
Dividend Growth	5.36%	5.66%	8.16%	2.08%	6.67%
Effective Tax Rate	21.47%	21.26%	20.63%	21.29%	19.82%

Source: S&P Capital IQ. Banks template. Financial Sources.