Start here if you're new
what it is
First Community lends money, gathers deposits, writes mortgages, and sells wealth services to South Carolina businesses and households.
how it gets paid
Last year First Community made $89M in revenue. commercial banking was the main engine at $39M, or 44% of sales.
what just happened
The latest report showed revenue of $72M and EPS of $1.85, but that quarter does not line up cleanly with the $0.67 figure shown by consensus trackers.
At a glance
B+ balance sheet — decent shape, but not bulletproof
75/100 earnings predictability — reasonably predictable
12.7x trailing p/e — the market's not buying it — or you found a deal
2.3% dividend yield — cash in your pocket every quarter
$1.81 fy2024 eps est
xvary composite: 58/100 — below average
What they do
First Community lends money, gathers deposits, writes mortgages, and sells wealth services to South Carolina businesses and households.
This is a relationship bank. When your business checking, loan, and mortgage sit in one place, leaving gets annoying fast. That stickiness matters because FCCO runs this model with just 260 employees and still lifted full-year EPS from $1.55 in 2023 to $1.81 in 2024.
How they make money
$89M
annual revenue
commercial banking
$39M
+7.0%
retail banking
$24M
+0.0%
mortgage banking
$14M
+16.8%
investment advisory
$7M
+6.5%
non-deposit services
$5M
+0.0%
The products that matter
makes commercial loans
Commercial & Industrial Loans
$97M interest income
This is the main earnings engine. Most of the bank's $97M in annual interest income starts with lending relationships like these. If credit quality slips, this is where you feel it first.
core profit driver
gathers deposits locally
Retail Banking
supports a $2.0B asset base
Deposits are the fuel. On a $2.0B asset base, the price of that funding matters almost as much as loan growth. Cheap deposits help. Expensive deposits rewrite the quarter.
funding engine
adds fee income
Wealth Management
part of the $89M revenue mix
Fee income helps smooth the story, but on an $89M revenue base this is still support, not rescue. If lending economics weaken, wealth management does not save the year.
diversifier
Key numbers
12.7x
trailing p/e
P/E → price-to-earnings → what you pay for each dollar of profit. At 12.7x, you are paying a small-bank multiple for a business that just repaired earnings.
$15M
debt load
Long-term debt is only $15 million, or 6% of capital. That means leverage is light, which gives a bank more room when credit costs rise.
$1.81
2024 eps
EPS → earnings per share → profit tied to each share you own. The jump from $1.55 in 2023 to $1.81 in 2024 says the earnings dip was not permanent.
2.3%
dividend yield
Dividend yield → cash paid to shareholders each year divided by the stock price → your wait is not unpaid.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 75 / 100
- long-term debt $15M (6% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for FCCO right now.
source: institutional data · return history unavailable
What just happened
beat estimates
The latest report showed revenue of $72M and EPS of $1.85, but that quarter does not line up cleanly with the $0.67 figure shown by consensus trackers.
Quarterly EPS in the company history improved from $0.34 in the first quarter of 2024 to $0.55 in the fourth quarter. Full-year EPS also recovered to $1.81 in 2024 from $1.55 in 2023.
$72M
revenue
$1.85
eps
n/a
n/a
the number that mattered
The key number is $1.81 in full-year EPS for 2024 because it reversed the 2023 drop to $1.55 and keeps the 12.7x valuation from looking stretched.
source: company earnings report, 2026
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
the main risk is credit or funding pressure hitting a bank this small before the valuation gives you enough protection.
high
Commercial real estate concentration
Management runs a local lender, and local lenders often carry real estate-heavy books. If property values weaken in its footprint, losses can move through a $2.0B asset base faster than investors expect.
A credit problem here hits the core lending engine, not a side business.
med
Deposit cost pressure
Banks borrow from depositors and lend to borrowers. If deposit costs rise faster than loan yields, the spread narrows and the $97M annual interest income engine becomes less profitable.
That pressures earnings and makes the 12.7x multiple look less cheap than it does today.
med
Small-bank scale
An $89M revenue base and a $216M market cap do not leave much room for mistakes. One weak lending market, one elevated loss quarter, or one funding squeeze matters more here than it would at a larger bank.
Small numbers cut both ways. They help rerating stories and magnify bad surprises.
low
Limited diversification
Wealth management helps, but this is still mostly a spread-income bank. When the core model slows, there is no giant fee stream waiting to rescue the quarter.
That keeps the thesis simple — and more fragile than a diversified financial.
These risks all point back to the same place: the $97M interest-income engine supporting $89M of revenue and $19.2M in net income.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
Q1 2026 earnings report
Scheduled for April 22, 2026. Watch whether quarterly EPS stays near the recent $0.67 pace and whether revenue stays above the $20M mark.
metric
Net interest margin pressure
This is the quiet part. FCCO is an $89M revenue bank, so spread compression shows up quickly in earnings.
risk
Commercial real estate credit quality
If local property markets soften, provision expense can move from background noise to the whole story.
trend
Forward valuation versus execution
At roughly 10.4x forward earnings, you want to see the $1.81 EPS estimate hold. Cheap only works if the earnings hold up too.
Analyst rankings
earnings predictability
75 / 100
Results have been reasonably steady. in human-speak, analysts see a bank that usually stays inside the lines.
risk rank
3
A risk rank of 3 means middle-of-the-pack safety, not fortress status. You are not buying a crisis-proof balance sheet here.
source: institutional data
Institutional activity
institutional ownership data for FCCO is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$30
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive