First Community Corp Dossier
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SectorFinancials IndustryRegional Banks Beta (adjusted)0.56 Intrinsic Value Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet. Market Price $32.47Price as of 1 Oct 2026 Data confidence Sign in to view data confidence Market Cap $305.2M Enterprise Value $143M Shares Outstanding 9.4M diluted Next Earnings Date21 Oct 2026 Last ex-dividend4 Aug 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary First Community Corporation (FCCO) represents a high-quality, low-risk regional banking play positioned in the economically vibrant South Carolina Midlands and expanding into the affluent suburbs of Metro Atlanta via its recent acquisition of Signature Bank of Georgia. The bank boasts exceptional asset quality with non-performing assets (NPAs) at a negligible 0.04%, eight consecutive quarters of net interest margin (NIM) expansion to 3.37%, and a strong capital position with a TCE ratio of 7.93%. The acquisition of Signature Bank of Georgia adds valuable government-guaranteed lending (SBA/USDA) capabilities, diversifying fee income and accelerating profitable growth. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$34.00 Mean target$36.00 High · most bullish analyst$38.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 20 Jun 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario Persistent inflation and elevated interest rates lead to a slowdown in regional economic activity, dampening loan demand and increasing deposit competition. CRE loan concentrations face stress, leading to higher-than-expected charge-offs from legacy or acquired portfolios (such as the substandard $2.4 million loan identified during due diligence), forcing the bank to aggressively increase provisions and compress profitability. Base CaseCentral scenario The bank successfully integrates Signature Bank of Georgia, realizing projected cost synergies and scaling its SBA/USDA lending platform across its legacy South Carolina footprint. Organic loan and deposit growth continue at a double-digit annualized pace, supported by strong regional demographics. NIM remains stable or expands slightly, driving EPS growth toward consensus estimates of $2.97–$2.99 for the year. Bull CaseUpside scenario The acquisition of Signature Bank of Georgia expands First Community's footprint into the high-growth Atlanta market and introduces a lucrative government-guaranteed lending (SBA) business line. Additionally, the bank demonstrates strong organic loan and deposit growth alongside nine consecutive quarters of net interest margin expansion. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
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All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |