First Community Corp Declares $0.16 Quarterly Dividend, 97th Consecutive Payout
First Community Corporation (NASDAQ: FCCO), a South Carolina-based bank holding company, announced a $0.16 per share cash dividend for the first quarter of 2026. The payout marks the company's 97th consecutive quarter of dividend payments to common shareholders.
First Community Corporation (NASDAQ: FCCO), the holding company for First Community Bank, declared a quarterly cash dividend of $0.16 per share on April 22, 2026. The dividend will be paid to shareholders of record as of May 5, 2026, with payment scheduled for May 19, 2026. Read more dividend announcements.
The dividend represents the company's 97th consecutive quarter of cash distributions to common shareholders, a streak that has continued without interruption since 2002.
| Dividend Details | Date/Amount |
|---|---|
| Amount | $0.16 per share |
| Record Date | May 5, 2026 |
| Payment Date | May 19, 2026 |
| Frequency | Quarterly |
"The entire board is pleased that our performance enables the company to continue its cash dividend for the 97th consecutive quarter," said Mike Crapps, First Community's president and CEO.
First Quarter 2026 Financial Results
The dividend announcement accompanied First Community's first quarter 2026 earnings report. The company posted net income of $5.498 million, or $0.59 per diluted share, for the quarter ended March 31, 2026. Excluding merger-related expenses, net income reached $6.754 million, or $0.72 per diluted share.
Results for the quarter included the impact of the company's acquisition of Signature Bank of Georgia, which closed on January 8, 2026. The transaction added $195.5 million in loans and $68.9 million in deposits on the acquisition date.
Total loans stood at $1.549 billion at quarter end, representing growth of $238.1 million during the quarter. Organic loan growth, excluding the Signature Bank acquisition, totaled $42.6 million, equivalent to 13.2% annualized growth.
Total deposits reached $1.687 billion, with organic deposit growth of $68.9 million during the quarter, representing 16.0% annualized growth excluding acquisition balances.
Capital and Credit Quality
The bank's tangible common equity to tangible assets ratio improved to 7.93% at March 31, 2026, up from 7.47% at December 31, 2025. Tangible book value per share increased to $19.88 from $19.84 at year-end.
Regulatory capital ratios remained well above minimum requirements. The bank's leverage ratio stood at 9.06%, with Tier I risk-based capital at 12.80% and total risk-based capital at 13.95%.
Net interest margin on a tax-equivalent basis expanded five basis points to 3.37% in the first quarter, marking the eighth consecutive quarter of margin expansion. Credit quality remained strong with net charge-offs of $5,000 during the quarter, non-performing assets at 0.04% of total assets, and past due loans at 0.17%.
The company's investment advisory division managed assets under management of $1.130 billion at March 31, 2026, generating advisory revenue of $2.271 million for the quarter.
During the first quarter, First Community repurchased 1,483 shares of common stock at an average price of $27.77 per share under its previously approved share repurchase plan.