First Community
Market Cap
US$137.3m
Last Updated
2021/01/25 23:18 UTC
Data Sources
Company Financials +
Executive Summary
First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, professional concerns, and individuals. More Details
Rewards
Risk Analysis
No risks detected for FCCO from our risk checks.
Snowflake Analysis
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has First Community's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FCCO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: FCCO's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
4.0%
FCCO
-3.2%
US Banks
2.6%
US Market
1 Year Return
-10.7%
FCCO
-6.1%
US Banks
26.0%
US Market
Return vs Industry: FCCO underperformed the US Banks industry which returned -6.1% over the past year.
Return vs Market: FCCO underperformed the US Market which returned 26% over the past year.
Shareholder returns
| FCCO | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.0% | -3.2% | 2.6% |
| 30 Day | 3.6% | 6.4% | 5.1% |
| 90 Day | 25.5% | 35.3% | 17.1% |
| 1 Year | -8.0%-10.7% | -2.6%-6.1% | 28.9%26.0% |
| 3 Year | -7.3%-13.6% | -3.0%-11.3% | 46.3%36.6% |
| 5 Year | 45.8%31.4% | 77.3%54.9% | 126.9%101.6% |
Long-Term Price Volatility Vs. Market
How volatile is First Community's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Why First Community Corporation (NASDAQ:FCCO) Is A Dividend Rockstar4 weeks ago | Simply Wall St
Is First Community Corporation (NASDAQ:FCCO) Popular Amongst Insiders?1 month ago | Simply Wall St
Have Insiders Been Buying First Community Corporation (NASDAQ:FCCO) Shares?Valuation
Is First Community undervalued compared to its fair value and its price relative to the market?
13.37x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FCCO ($18.14) is trading above our estimate of fair value ($15.4)
Significantly Below Fair Value: FCCO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FCCO is poor value based on its PE Ratio (13.4x) compared to the US Banks industry average (12.2x).
PE vs Market: FCCO is good value based on its PE Ratio (13.4x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: FCCO is poor value based on its PEG Ratio (10.3x)
Price to Book Ratio
PB vs Industry: FCCO's PB Ratio (1x) is in line with the US Banks industry average.
Next Steps
Future Growth
How is First Community forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
1.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FCCO's forecast earnings growth (1.3% per year) is below the savings rate (2%).
Earnings vs Market: FCCO's earnings (1.3% per year) are forecast to grow slower than the US market (21.5% per year).
High Growth Earnings: FCCO's earnings are forecast to grow, but not significantly.
Revenue vs Market: FCCO's revenue (6% per year) is forecast to grow slower than the US market (10.6% per year).
High Growth Revenue: FCCO's revenue (6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FCCO's Return on Equity is forecast to be low in 3 years time (7.4%).
Next Steps
Past Performance
How has First Community performed over the past 5 years?
12.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCCO has high quality earnings.
Growing Profit Margin: FCCO's current net profit margins (20.3%) are lower than last year (22.5%).
Past Earnings Growth Analysis
Earnings Trend: FCCO's earnings have grown by 12.7% per year over the past 5 years.
Accelerating Growth: FCCO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FCCO had negative earnings growth (-7.9%) over the past year, making it difficult to compare to the Banks industry average (-3%).
Return on Equity
High ROE: FCCO's Return on Equity (7.4%) is considered low.
Next Steps
Financial Health
How is First Community's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: FCCO's Assets to Equity ratio (10.2x) is moderate.
Allowance for Bad Loans: FCCO has a sufficient allowance for bad loans (178%).
Low Risk Liabilities: 94% of FCCO's liabilities are made up of primarily low risk sources of funding.
Loan Level: FCCO has an appropriate level of Loans to Assets ratio (60%).
Low Risk Deposits: FCCO's Loans to Deposits ratio (70%) is appropriate.
Level of Bad Loans: FCCO has an appropriate level of bad loans (0.7%).
Next Steps
Dividend
What is First Community current dividend yield, its reliability and sustainability?
2.65%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: FCCO's dividend (2.65%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: FCCO's dividend (2.65%) is low compared to the top 25% of dividend payers in the US market (3.85%).
Stability and Growth of Payments
Stable Dividend: FCCO's dividends per share have been stable in the past 10 years.
Growing Dividend: FCCO's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.4%), FCCO's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FCCO's dividends in 3 years are forecast to be well covered by earnings (35.6% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
6.0yrs
Average management tenure
CEO
Mike Crapps (61 yo)
27yrs
Tenure
US$672,107
Compensation
Mr. Michael C. Crapps, also known as Mike, has been the Chief Executive Officer, President, Director, Chief Executive Officer of First Community Bank, President of First Community Bank and Director of Firs...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD672.11K) is about average for companies of similar size in the US market ($USD528.62K).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 27yrs | US$672.11k | 1.03% $ 1.4m | |
| Executive VP and Chief Commercial & Retail Banking Officer | no data | US$362.03k | 0.37% $ 513.9k | |
| Executive VP & CFO | 1yr | no data | 0.052% $ 71.5k | |
| Executive VP | 4yrs | no data | 0.067% $ 92.3k | |
| Executive VP and Chief Human Resources & Marketing Officer | 7.92yrs | US$259.10k | 0.23% $ 318.6k | |
| Executive VP & Chief Credit Officer | 2yrs | no data | 0.0076% $ 10.5k | |
| Consultant | 15.25yrs | US$147.88k | no data | |
| Vice President/Human Resources Manager | no data | no data | no data |
6.0yrs
Average Tenure
58yo
Average Age
Experienced Management: FCCO's management team is seasoned and experienced (6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 27yrs | US$672.11k | 1.03% $ 1.4m | |
| Independent Director | 27yrs | US$30.10k | 0.40% $ 542.7k | |
| Independent Vice Chairman | 0.67yr | US$34.50k | 0.51% $ 701.6k | |
| Independent Chairman | 0.67yr | US$60.80k | 0.43% $ 592.0k | |
| Independent Director | 3.67yrs | US$27.70k | 0.016% $ 22.3k | |
| Independent Director | 27yrs | US$30.50k | 0.29% $ 398.1k | |
| Independent Director | 14.58yrs | US$30.80k | 0.12% $ 162.3k | |
| Independent Director | 15.67yrs | US$32.50k | 0.055% $ 75.0k | |
| Independent Director | 1.67yrs | US$12.98k | 0.026% $ 35.9k | |
| Director | 6.92yrs | US$29.90k | 0.31% $ 421.0k | |
| Independent Director | 1.67yrs | US$14.98k | 0.035% $ 48.4k | |
| Director | 0.083yr | no data | 0.010% $ 13.7k |
5.3yrs
Average Tenure
63yo
Average Age
Experienced Board: FCCO's board of directors are considered experienced (5.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FCCO insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
First Community Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: First Community Corporation
- Ticker: FCCO
- Exchange: NasdaqCM
- Founded: 1995
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$137.256m
- Shares outstanding: 7.50m
- Website: https://www.firstcommunitysc.com
Number of Employees
Location
- First Community Corporation
- 5455 Sunset Boulevard
- Lexington
- South Carolina
- 29072
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FCCO | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Jul 1998 |
Biography
First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, profe...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/25 23:18 |
| End of Day Share Price | 2021/01/25 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.