AP NEWS

First Community: 4Q Earnings Snapshot

January 22, 2020 GMT

LEXINGTON, S.C. (AP) _ First Community Corp. (FCCO) on Wednesday reported fourth-quarter net income of $2.7 million.

The bank, based in Lexington, South Carolina, said it had earnings of 36 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The holding company for First Community Bank posted revenue of $13.7 million in the period. Its revenue net of interest expense was $12.3 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $11.9 million.

For the year, the company reported profit of $11 million, or $1.45 per share. Revenue was reported as $48.6 million.

First Community shares have decreased 4% since the beginning of the year. The stock has increased 5.5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FCCO at https://www.zacks.com/ap/FCCO