First Community (FCCO) Earnings Report, Financial Results, Financial analysis

First Community Corporation reported in the first quarter of 2023 net earnings per share of $0.45 a decrease by -2.17 % year on year from $0.46 and an improvement compare to net loss per share of $0.00 realized in previous quarter.

*first quarter of 2023*
Earnings Per Share	Revenues
$ 0.45	$ 15 Mill
$-0.01 -2.17 %	$+1M +4.43 %

First Community's Revenue rose by 4.43 % in first quarter of 2023 (Mar 31 2023) year on year, to $15 million and declined by -6.25 % sequentially.

First Community is Expected to report next financial results on August 09, 2023.

More on FCCO's Income Statement

FCCO's NET INCOME

First Community's net income of $3.463 million in the first quarter of 2023 decreased by -0.75 % from net earnings of $3.489 million achieved in I. Quarter a year ago.

Sequentially net earnings fell by -14.35 % from net income of $4.043 million realized in previous quarter.

More on FCCO's Growth

First Community Inventories
FCCO's Cash flow In thefirst quarter of 2023 company's net cash flow was $50 million, capital expenditures fell by 377.67%, to $0 millions compare to same quarter a year ago and rose by -0.40% from IV. Quarter (Dec 31 2022).

More on FCCO's Cash flow Statement

Earnings quality

First Community Corporation payed out dividend of $0.65 per share in last 52 weeks representing 47.10 % of net earning per share in trailing twelve-month period.

During the same period First Community Corporation earned $ 3.60 cash per share, on a free-cash flow basis 260.91 % of net earning per share.

Book value grew by 3.26 % sequentially to $16.06 per share, -34.18% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 14.06 per share from $ 13.53.

Company issued 0.08 million shares or 1.11 % in Mar 31 2023.
Interest Coverage Ratio was 3.97. Debt Coverage Ratio was 0.28.

• More on FCCO's Dividends

Market Capitalization (Millions)	141
Shares Outstanding (Millions)	8
Total Debt (Millions $)	92
Revenue (TTM) (Millions $)	60
Net Income (TTM) (Millions $)	15
Cash Flow (TTM) (Millions $)	-13
Capital Exp. (TTM) (Millions $)	-2
Dividend TTM ($)	0.65 $
Dividend Yield TTM (%)	3.01 %
Employees (TTM) $	186

Earnings quality

First Community Corporation payed out dividend of $0.65 per share in the last 52 weeks representing 47.10 % of net earning per share in trailing twelve-month period.

During the same period First Community Corporation had $ 3.60 cash flow per share, on a free-cash flow basis 260.91 % of net earning per share.

Book value grew by 3.26 % sequentially to $16.06 per share, -34.18% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 14.06 per share from $ 13.53.

Company issued 0.08 million shares or 1.11 % in Mar 31 2023.
Interest Coverage Ratio was 3.97. Debt Coverage Ratio was 0.28.

• More on FCCO's Balance Sheets

Market Capitalization (Millions)	141
Shares Outstanding (Millions)	8
Total Debt (Millions $)	92
Revenue (TTM) (Millions $)	60
Net Income (TTM) (Millions $)	15
Cash Flow (TTM) (Millions $)	-13
Capital Exp. (TTM) (Millions $)	-2
Dividend TTM ($)	0.65 $
Dividend Yield TTM (%)	3.01 %
Employees (TTM) $	186

First Community Corporation

FCCO's Financial Statements and Analysis