First Community (FCCO) Q4 2025 earnings summary

Executive summary

• Net income for Q4 2025 was $4.83 million; full-year net income was $19.21 million, up 37.6% year-over-year. Excluding merger expenses, Q4 net income was $5.36 million and full-year was $20.35 million.

• Diluted EPS for Q4 2025 was $0.62; full-year EPS was $2.47, up 36.5% year-over-year. Excluding merger expenses, Q4 EPS was $0.69 and full-year was $2.62.

• Acquisition of Signature Bank of Georgia completed January 8, 2026, expanding into new markets and SBA lending.

Financial highlights

• Net interest income for 2025 rose 19.2% to $62.0 million; Q4 net interest income was $16.3 million, up 7.9% sequentially.

• Net interest margin (tax equivalent) was 3.32% in Q4 2025, marking seven consecutive quarters of expansion.

• Total loans grew $90.5 million (7.4%) year-over-year; Q4 loan growth was $31.7 million (annualized 9.8%).

• Total deposits increased $73.6 million (4.4%) year-over-year; Q4 deposits declined $21.6 million sequentially.

• Investment advisory AUM reached $1.17 billion at year-end, up from $926 million a year ago.

Outlook and guidance

• Management expects positive momentum in net interest margin entering Q1 2026.

• Share repurchase plan of up to $7.5 million approved, representing 4.5% of equity, expiring May 8, 2026.