First Community Corp. (FCCO) Misses Q1 EPS by 6c; Provides COVID-19 Pandemic Response

First Community Corp. (NASDAQ: FCCO) reported Q1 EPS of $0.24, $0.06 worse than the analyst estimate of $0.30.

First Community President and CEO, Mike Crapps, commented, "The first quarter of 2020 was far different than any of us had anticipated and the impact of the COVID-19 pandemic is being felt in nearly every aspect of our lives. Given that as a community bank we reflect the successes and challenges of our customers and communities, it is to be expected that First Community Bank is being impacted as well. In this release, we are reporting our first quarter results, and while much is still unknown, we will also weave in certain thoughts regarding responses to the related impacts of this pandemic."

COVID-19 Operational Response

Mr. Crapps noted, "The health and safety of our employees and customers is, and has been, of the highest priority; while still continuing to support local businesses and communities. We have taken actions that we felt were necessary and appropriate based on the evolving guidance we have received from local, state and national authorities and adjusted our activities as we have understood to be appropriate. We are so grateful to our employees for their unwavering commitment to continue to serve our customers in this challenging time."

For earnings history and earnings-related data on First Community Corp. (FCCO) click here.

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