First Community (FCCO) Q3 2025 earnings summary

Executive summary

• Net income for Q3 2025 rose to $5.2 million ($0.67 diluted EPS), up 34.5% year-over-year, driven by higher net interest and non-interest income, with adjusted net income at $5.63 million and adjusted EPS at $0.72.

• For the nine months ended September 30, 2025, net income increased to $14.4 million ($1.85 diluted EPS), a 47.8% year-over-year rise, with adjusted net income at $14.991 million.

• A merger agreement with Signature Bank of Georgia was announced, expected to close in early 2026, expanding into new markets and adding SBA/government lending.

• Board approved a $0.16 per share cash dividend for Q3 2025, marking the 95th consecutive quarter of dividends.

Financial highlights

• Net interest income for Q3 2025 was $16.0 million, up 19.3% year-over-year, with net interest margin improving to 3.27%.

• Non-interest income for Q3 2025 increased to $4.5 million, up 25.2% year-over-year, led by mortgage banking and investment advisory fees.

• Non-interest expense rose to $13.7 million, mainly due to higher salaries, merger expenses, and technology costs.

• For the nine months, net interest income grew to $45.7 million, with net interest margin up to 3.19%.

• Total assets reached $2.07 billion at September 30, 2025, up from $1.96 billion at year-end 2024.

Outlook and guidance

• Management expects to maintain strong capital and liquidity positions, supporting operations and growth for at least the next 12 months.

• The pending Signature Bank merger is anticipated to close in early 2026, with integration expected to drive further growth and margin expansion.