First Community's Q3 net income rises 55% after Signature Bank of Georgia acquisition

First Community (South Carolina)

21/10/2026 14:08

Overview
US community bank's Q3 net income rose 55% yr/yr, reflecting Signature Bank of Georgia acquisition
Q3 diluted EPS increased 27% yr/yr
Net interest income for Q3 rose yr/yr

Outlook
Company did not provide specific guidance for future quarters or full-year results in its press release

Result Drivers
LOAN PORTFOLIO YIELD AND MIX - Co said margin expansion was driven by improved loan portfolio yield and growth, resulting in a better earning asset mix, while deposit and funding costs remained unchanged
LOAN GROWTH - Co reported Q3 loan growth, including balances from Signature Bank of Georgia acquisition and organic growth
INVESTMENT ADVISORY REVENUE - Co said higher investment advisory revenue and assets under management contributed to non-interest income growth

Company press release: ID:nPn8gjHlya

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
 
$0.85
 
Q3 Net Income
 
$8.04 mln
 
Q3 Net Interest Income
 
$20.24 mln
 
Q3 Net Interest Margin
 
3.59%
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "hold."
Wall Street's median 12-month price target for First Community Corp (South Carolina) is $38.00, about 16.5% above its October 20 closing price of $32.61
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)