First Community Corporation (FCCO)

First Community Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	64.27	52.32	39.23	39.67	37.04	35.45
Interest Income on Investments	22.65	20.38	11.88	7.85	6.74	7.18
Total Interest Income	86.92	72.7	51.12	47.52	43.78	42.63
Interest Paid on Deposits	29.61	16.56	1.85	1.74	3.02	4.56
Interest Paid on Borrowings	6.84	7.24	1.33	0.5	0.73	1.22
Total Interest Expense	36.45	23.81	3.17	2.24	3.76	5.78
Net Interest Income	50.48	48.89	47.94	45.28	40.02	36.85
Net Interest Income Growth (YoY)	1.03%	1.98%	5.88%	13.13%	8.61%	3.08%
Mortgage Banking Activities	2.03	1.41	1.9	4.32	5.56	4.56
Gain (Loss) on Sale of Assets	-0.15	-	-0.07	0.12	-	-0.28
Gain (Loss) on Sale of Investments	-	-1.25	-	-	0.1	0.14
Other Non-Interest Income	10.2	9.03	8.82	8.24	6.53	5.68
Total Non-Interest Income	13.22	10.3	11.56	13.73	13.46	11.74
Non-Interest Income Growth (YoY)	33.75%	-10.92%	-15.81%	2.04%	14.67%	11.02%
Revenues Before Loan Losses	63.7	59.19	59.51	59.01	53.48	48.59
Provision for Loan Losses	0.97	1.13	-0.15	0.34	3.66	0.14
Revenue	62.73	58.06	59.66	58.68	49.82	48.45
Revenue Growth (YoY)	6.16%	-2.67%	1.67%	17.78%	2.83%	5.38%
Salaries and Employee Benefits	26.06	23.68	23.9	24.49	24.03	21.12
Occupancy Expenses	-0.09	-	-	-	-	-
Federal Deposit Insurance	1.16	0.9	0.47	0.62	0.4	0.06
Amortization of Goodwill & Intangibles	0.16	0.16	0.16	0.2	0.36	0.52
Selling, General & Administrative	8.28	8.4	7.07	5.42	4.99	5.45
Other Non-Interest Expense	10.61	10.11	9.36	8.37	7.55	7.3
Total Non-Interest Expense	46.32	43.14	41.25	39.2	37.53	34.62
EBT Excluding Unusual Items	16.41	14.92	18.4	19.48	12.28	13.83
Other Unusual Items	0.13	0.12	0.01	0.17	-	-
Pretax Income	16.52	15.04	18.41	19.65	12.6	13.83
Income Tax Expense	3.5	3.2	3.8	4.18	2.5	2.86
Net Income	13.02	11.84	14.61	15.47	10.1	10.97
Net Income to Common	13.02	11.84	14.61	15.47	10.1	10.97
Net Income Growth	3.42%	-18.96%	-5.51%	53.13%	-7.95%	-2.30%
Basic Shares Outstanding	8	8	8	7	7	8
Diluted Shares Outstanding	8	8	8	8	7	8
Shares Change (YoY)	0.51%	0.51%	0.78%	0.90%	-1.40%	-1.84%
EPS (Basic)	1.71	1.56	1.94	2.06	1.36	1.46
EPS (Diluted)	1.69	1.55	1.92	2.05	1.35	1.45
EPS Growth	2.46%	-19.27%	-6.34%	51.85%	-6.90%	0%
Dividend Per Share	0.580	0.560	0.530	0.490	0.480	0.450
Dividend Growth	3.57%	5.66%	8.16%	2.08%	6.67%	9.76%
Effective Tax Rate	21.19%	21.26%	20.63%	21.29%	19.82%	20.67%

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