In the Q2, First Community Corporation's corporate clients experienced a decline by -13.76 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 1.72 %. During the corresponding time, First Community Corporation recorded a revenue increase by 26.53 % year on year, sequentially revenue grew by 8.91 %. While revenue at the First Community Corporation's corporate clients recorded rose by 1.73 % year on year, sequentially revenue grew by 19.99 %.
Customers of First Community Corporation saw their costs of revenue decline by -13.76 % in Q2 compare to a year ago, sequentially costs of revenue grew by 1.72 %, for the same period First Community Corporation recorded revenue increase by 26.53 % year on year, sequentially revenue grew by 8.91 %.
First Community's Comment on Sales, Marketing and Customers
The Bank serves small-to-medium sized businesses, professionals, and individuals primarily in South Carolina and parts of Georgia. It operates 13 full-service offices in Richland, Lexington, Kershaw, and Newberry Counties in the Midlands region of South Carolina, including six branches in Lexington County and four in Richland County, encompassing Columbia, the state capital. The Bank expanded through acquisitions, including Savannah River Banking Company in 2014, which added branches in Aiken, South Carolina, and Augusta, Georgia. In 2016, it opened a loan production office in Greenville County, later converted to a full-service office. The acquisition of Cornerstone Bancorp in 2017 added branches in Greenville, Pickens, and Anderson Counties in the Upstate region of South Carolina. In 2019, the Bank opened a new branch in Evans, Georgia, a suburb of Augusta. The downtown Augusta, Georgia office, opened in 2018, was closed on June 27, 2024.
First Community’s Comment on Sales, Marketing and Customers
The Bank serves small-to-medium sized businesses, professionals, and individuals primarily in South Carolina and parts of Georgia. It operates 13 full-service offices in Richland, Lexington, Kershaw, and Newberry Counties in the Midlands region of South Carolina, including six branches in Lexington County and four in Richland County, encompassing Columbia, the state capital. The Bank expanded through acquisitions, including Savannah River Banking Company in 2014, which added branches in Aiken, South Carolina, and Augusta, Georgia. In 2016, it opened a loan production office in Greenville County, later converted to a full-service office. The acquisition of Cornerstone Bancorp in 2017 added branches in Greenville, Pickens, and Anderson Counties in the Upstate region of South Carolina. In 2019, the Bank opened a new branch in Evans, Georgia, a suburb of Augusta. The downtown Augusta, Georgia office, opened in 2018, was closed on June 27, 2024.
Sources:
First Community Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: First Community Corporation’s corporate clients.
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