Business Context and Reporting Period
Company: First Community Corporation (FCC), holding company for First Community Bank.
Filing Type: Form 8-K (Current Report)
Date of Report: April 22, 2026
Reporting Period: Quarter ended March 31, 2026
Key Financial Metrics
The filing serves as a notification of the release of financial results and a dividend declaration. Specific quantitative financial metrics (revenue, profit, cash flow, margins, debt, liquidity) are not included in the text of this 8-K; they are referenced as being contained in the attached press release (Exhibit 99.1).
- Dividend Declaration: $0.16 per share for the first quarter of 2026.
- Record Date: May 5, 2026.
- Payment Date: May 19, 2026.
Material Changes
The filing does not provide comparative financial data or specific material changes in operations versus the prior period. The primary material event reported is the Board of Directors' approval of the quarterly cash dividend.
Guidance, Outlook, and Risks
The filing includes standard forward-looking statements and a comprehensive list of risk factors that could cause actual results to differ from expectations. Key risks identified include:
- Market and Economic Conditions: Competitive pressures, strength of the U.S. and local economies, and elevated inflation.
- Asset Quality: Delinquency rates, charge-offs, allowance for credit losses, and loan growth rates.
- Interest Rate Sensitivity: Impact on deposit costs, net income, prepayment penalties, and the market value of investment securities.
- Regulatory and Operational: Changes in legislation, FDIC assessment increases, and technology/cybersecurity risks.
- External Events: Trade disputes, pandemics, war, terrorist activities, and supply chain disruptions.
Note: The company explicitly states it undertakes no obligation to update forward-looking statements except as required by law.
Investor Verification Checklist
- Review the attached Exhibit 99.1 (Earnings Press Release) for specific revenue, net income, and earnings per share figures for the quarter ended March 31, 2026.
- Verify the dividend payment date (May 19, 2026) and record date (May 5, 2026) for shareholder eligibility.
- Assess the impact of the listed interest rate risks on the company's net interest margin and investment portfolio valuation.
- Monitor FDIC assessment trends and their effect on operating expenses as noted in the risk factors.