FIRST COMMUNITY(S.C.) DL1

First Community Corporation reported a net income for Q1 of $5.498 million ($0.59 per diluted share), adjusted $6.754 million ($0.72). The acquisition of Signature Bank of Georgia was completed and contributed $229.8 million to total deposits of $2.048 billion and $195.5 million to loan balances of $1.549 billion. The tax-equivalent net interest margin rose to 3.37% (+5 basis points), and the board approved a cash dividend of $0.16 per share. Quarterly results included merger costs of $1.581 million; the provision for credit losses increased to 1.19%, mainly due to a $2.0 million charge, and the tangible equity ratio stood at 7.93%. » Mere på de.investing.com

First Community completed the acquisition of Signature Bank of Georgia on January 8, 2026; the transaction was valued at about USD 50 million as of December 31, 2025. The acquisition expands First Community’s presence in South Carolina and Georgia, bringing the bank to total assets of more than USD 2.3 billion, deposits of USD 2.1 billion and loans of USD 1.5 billion, and 23 branches. Former directors of Signature Bank are joining the board of directors; the former branches will operate as "First Community Bank d/b/a Signature Bank of Georgia" until the planned system conversion in March 2026. Shareholders of Signature Bank will receive 0.6410 First Community common shares for each common share; First Community most recently reported revenue growth of 19.52% and a dividend yield of 2.13%. » Mere på de.investing.com

First Community Corporation is acquiring Signature Bank of Georgia for approximately $41.6 million in an all-stock transaction. The merger expands the regional presence, strengthens the balance sheet, and is expected to contribute positively to earnings per share starting in 2026. Additionally, First Community reported significant increases in profit and deposits for the first quarter of 2025, along with a dividend increase and a new share buyback program. » Mere på de.investing.com