Business Context and Reporting Period
First Community Corporation, the holding company for First Community Bank, filed this Form 8-K on October 19, 2016, to report financial results for the period ended September 30, 2016.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document serves as a notification of results and a dividend declaration rather than a detailed financial statement.
- Dividend Declaration: The Board of Directors approved a cash dividend of $0.08 per share for the third quarter of 2016.
- Payment Date: November 14, 2016.
- Record Date: October 31, 2016.
Material Changes
The filing does not contain specific comparative financial data to quantify material changes versus the prior period. It references an attached press release (Exhibit 99.1) for detailed earnings information.
Guidance, Outlook, and Risks
The filing includes standard forward-looking statements subject to risks and uncertainties. Management highlighted the following risk factors that could cause actual results to differ from expectations:
- Increased competitive pressures affecting pricing and revenues.
- Economic conditions impacting credit quality and loan demand.
- Loan delinquencies, charge-offs, and asset quality deterioration.
- Changes in the U.S. legal and regulatory framework.
- Adverse conditions in capital markets and interest rate fluctuations.
- Technology and cybersecurity risks, including potential system failures or attacks.
Investor Verification Checklist
- Review the attached Earnings Press Release (Exhibit 99.1) for specific revenue, net income, and earnings per share figures for the quarter ended September 30, 2016.
- Verify the record date (October 31, 2016) to confirm eligibility for the $0.08 per share dividend.
- Examine the most recent Form 10-Q or 10-K for detailed liquidity, debt levels, and non-performing asset ratios not included in this 8-K.