First Community Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 19, 2023 at 09:00 am EDT
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First Community Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 12.14 million compared to USD 11.05 million a year ago. Net income was USD 3.33 million compared to USD 3.13 million a year ago. Basic earnings per share from continuing operations was USD 0.44 compared to USD 0.42 a year ago. Diluted earnings per share from continuing operations was USD 0.43 compared to USD 0.41 a year ago.
For the six months, net interest income was USD 24.49 million compared to USD 21.78 million a year ago. Net income was USD 6.79 million compared to USD 6.62 million a year ago. Basic earnings per share from continuing operations was USD 0.9 compared to USD 0.88 a year ago. Diluted earnings per share from continuing operations was USD 0.89 compared to USD 0.87 a year ago.
First Community Corporation is a bank holding company, which operates through its First Community Bank (the Bank). The Company offers a range of traditional banking products and services for professionals and small-to medium-sized businesses, including consumer and commercial, mortgage, brokerage and investment, and insurance services. It also offers online banking to its customers. The Company is engaged in a commercial banking business with 22 full-service offices located in the Midlands of South Carolina, which includes Lexington County, Richland County, Newberry County and Kershaw County; the Upstate of South Carolina, which includes Greenville County, Anderson County and Pickens County; the Piedmont Region of South Carolina, which includes York County, South Carolina and the Central Savannah River Area, which includes Aiken County, South Carolina; and in Augusta, Georgia, which includes Richmond County and Columbia County.