First Community Q2 FY26 net income rises 46.5% to $7.6 million

Reuters2026/07/22 13:04

By:Reuters

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First Community Corporation posted Q2 net income of $7.6 million, up 46.5% from a year earlier; diluted EPS rose 19.4% to $0.80.
Net interest margin widened 0.14 percentage points from Q1 to 3.51%, marking a ninth straight quarter of expansion.
Total deposits were $2.03 billion at June 30, up $275.3 million year-to-date, including $229.8 million from the Signature Bank of Georgia acquisition.
Total loans climbed $29.1 million in the quarter to $1.58 billion; non-performing assets were 0.04% at quarter-end.
J. Ted Nissen will retire as bank CEO and President effective Dec. 31, 2026; Vaughan R. Dozier becomes CEO and Joseph A. “Drew” Painter becomes President on Jan. 1, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Community Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: CL09574) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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First Community Q2 FY26 net income rises 46.5% to $7.6 million

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