First Community Corp. (FCCO) Tops Q3 EPS by 1c

Go back to First Community Corp. (FCCO) Tops Q3 EPS by 1c

First Community Corporation Announces Third Quarter Results and Cash Dividend

October 21, 2015 9:01 AM EDT

LEXINGTON, S.C., Oct. 21, 2015 /PRNewswire/ --

Highlights

Net income increase of 16.4% on a linked quarter basis.  Third quarter net income of $1.679 million ($0.25 per share) as compared to $1.443 million ($0.22 per share) in the prior quarter. Strong loan growth continues with $9.9 million in net loan growth during the third quarter.  Annualized growth rate of 8.4% and year-to-date net loan growth in excess of $40 million with production in excess of $90 million.  Pure deposit growth (including customer cash management accounts) of $23.6 million during the third quarter.  Annualized growth rate of 17.3% and year-to-date net pure deposit... More