First Community Corporation reported record net income of $8.0 million for the third quarter of 2026, driven by sustained expansion of net interest margins and robust growth in its investment advisory business. The company maintained strong asset quality with non-performing assets at just 0.04% of total assets, while expanding its loan portfolio to $1.610 billion.
Key Highlights
- Net interest margin (tax equivalent) reached 3.59%, an expansion of eight basis points from the prior quarter and the tenth consecutive quarterly increase.
- Total loans grew to $1.610 billion, reflecting an 8.1% annualized organic growth rate during the third quarter.
- Investment advisory revenue increased 39.9% year-over-year to $2.605 million, as assets under management (AUM) reached $1.404 billion.