First Community Corp. (FCCO) Declares $0.07 Quarterly Dividend; 2.3% Yield

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Go back to First Community Corp. (FCCO) Declares $0.07 Quarterly Dividend; 2.3% Yield

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