First Community Posts 3Q EPS of 85 Cents
FCCO sits 26% above its 52-week low of $25.92.
Summary
First Community reported third-quarter EPS of 85 cents, per Dow Jones, as net income rose 55% to $8.04 million after the Signature Bank of Georgia acquisition. That follows a strong second quarter, when net income rose 46% year-over-year to $7.6 million and net interest margin widened to 3.50% after the Signature Bank of Georgia acquisition. The headline gives no revenue, margin, or year-ago comparison, so the size of any beat or miss versus consensus isn't clear from this alone. The stock trades near $32.61, and insiders have been consistent sellers through the summer and fall, including Director Jonathan Been's $504K sale in September. Full quarterly detail, including margin and credit metrics, will determine whether the Q2 momentum carried into Q3.
At the time of this announcement, FCCO was trading at $32.61 on NASDAQ in the Finance sector, with a market capitalization of approximately $306.5M. The 52-week trading range was $25.92 to $35.74. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.