First Community (FCCO) investor relations material

Executive summary

• Net income for Q1 2026 was $5.498 million, up 37.6% year-over-year and 13.8% sequentially; excluding merger expenses, net income was $6.754 million, up 69.0% year-over-year and 26.1% sequentially.

• Diluted EPS was $0.59, up 15.7% year-over-year but down 4.8% sequentially; adjusted EPS excluding merger expenses was $0.72, up 41.1% year-over-year and 4.3% sequentially.

• Acquisition of Signature Bank closed January 8, 2026, expanding into the Atlanta market and adding a Government Guaranteed Lending line.

• Cash dividend of $0.16 per share declared for the 97th consecutive quarter.

Financial highlights

• Net interest income was $18.4 million, up from $16.3 million in Q4 2025 and $14.4 million in Q1 2025.

• Net interest margin (tax equivalent) expanded to 3.37%, up from 3.32% in Q4 2025 and 3.13% in Q1 2025.

• Non-interest income rose to $4.79 million, up 11.7% sequentially and 20.3% year-over-year.

• Non-interest expense was $17.031 million, including $1.581 million in merger expenses.

• Return on average assets was 0.95%; return on average common equity was 10.34%.

Outlook and guidance

• Preferred Lender status from the SBA positions the company for future growth in government-guaranteed lending.

• Management expects continued benefits from the Signature Bank acquisition, though integration risks remain.