OTCPK:FCCT

Stock Analysis Report

Executive Summary

First Community Corporation operates as the holding company for First Community Bank of East Tennessee that provides banking services to individuals and businesses.

Snowflake

Fundamentals

Flawless balance sheet and fair value.

Share Price & News

How has First Community's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

FCCT

2.7%

US Banks

0.4%

US Market


1 Year Return

n/a

FCCT

2.7%

US Banks

6.9%

US Market

Return vs Industry: Insufficient data to determine how FCCT performed against the US Banks industry.

Return vs Market: Insufficient data to determine how FCCT performed against the US Market.


Shareholder returns

FCCTIndustryMarket
7 Day0%2.7%0.4%
30 Day1.5%0.7%-1.1%
90 Day3.0%3.0%-0.5%
1 Yearn/a5.7%2.7%9.3%6.9%
3 Year70.1%63.9%52.1%41.6%45.8%36.4%
5 Year142.6%133.7%69.2%50.7%62.9%45.1%

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

No news available

Valuation

Is First Community undervalued compared to its fair value and its price relative to the market?

9.33x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: FCCT ($6.8) is trading above our estimate of fair value ($6.14)

Significantly Undervalued: FCCT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FCCT is good value based on its PE Ratio (9.3x) compared to the Banks industry average (12.6x).

PE vs Market: FCCT is good value based on its PE Ratio (9.3x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate FCCT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FCCT is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is First Community forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FCCT's forecast earnings growth (11.3% per year) is above the savings rate (2.7%).

Earnings vs Market: FCCT's earnings (11.3% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: FCCT's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if FCCT's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if FCCT's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if FCCT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has First Community performed over the past 5 years?

48.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FCCT has become profitable over the past 5 years, growing earnings by 48.3% per year.

Accelerating Growth: FCCT's earnings growth over the past year (3.7%) is below its 5-year average (48.3% per year).

Earnings vs Industry: FCCT earnings growth over the past year (3.7%) underperformed the Banks industry 29.6%.


Return on Equity

High ROE: FCCT's Return on Equity (7.8%) is considered low.


Return on Assets

ROA vs Industry: FCCT's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate FCCT's Return on Capital Employed to determine if it has improved over the past 3 years.


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

Inventory Level: FCCT has a low level of unsold assets or inventory.

Debt Coverage by Assets: FCCT's debt is not covered by short term assets (assets are 0.9x debt).


Financial Institutions Analysis

Asset Level: FCCT's level of assets compared to its equity is moderate.

Allowance for Bad Loans: FCCT has a sufficient allowance for bad loans.

Low Risk Liabilities: FCCT's liabilities are made up of primarily low risk sources of funding.

Loan Level: FCCT has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FCCT's loans are broadly funded by customer deposits.

Level of Bad Loans: FCCT has an appropriate level of bad loans (1.41%)


Next Steps

Dividend

What is First Community's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate FCCT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate FCCT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if FCCT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FCCT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FCCT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of First Community's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average management tenure


CEO

First Community has no CEO, or we have no data on them.


Management Age and Tenure

5.3yrs

Average Tenure

72yo

Average Age

Experienced Management: FCCT's management team is seasoned and experienced (5.3 years average tenure).


Board Age and Tenure

7.6yrs

Average Tenure

69yo

Average Age

Experienced Board: FCCT's board of directors are considered experienced (7.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Jim Maddox (95yo)

    Treasurer & Director

    • Tenure: 1.1yrs
  • Tom Young (84yo)

    Chairman of the Board & Secretary

    • Tenure: 8.8yrs
  • Tyler Clinch (55yo)

    President & Director

    • Tenure: 8.8yrs
    • Compensation: US$160.21k
  • Greg DePriest (60yo)

    Director of Development of Mountain Mission School & Director

    • Tenure: 1.5yrs

Board Members

  • Jim Maddox (95yo)

    Treasurer & Director

    • Tenure: 1.1yrs
  • Steve Droke (69yo)

    Director

    • Tenure: 8.1yrs
  • Tom Young (84yo)

    Chairman of the Board & Secretary

    • Tenure: 8.8yrs
  • Sid Lawson (76yo)

    Independent Director

    • Tenure: 26.8yrs
  • Tyler Clinch (55yo)

    President & Director

    • Tenure: 8.8yrs
    • Compensation: US$160.21k
  • David Johnson (69yo)

    Independent Director

    • Tenure: 26.8yrs
  • Dave Lunceford (73yo)

    Independent Director

    • Tenure: 7.2yrs
  • Greg DePriest (60yo)

    Director of Development of Mountain Mission School & Director

    • Tenure: 1.5yrs
  • Kathy Richards (61yo)

    Director

    • Tenure: 1.4yrs
  • Matthew Cleek (44yo)

    Director

    • Tenure: 1.3yrs

Company Information

First Community Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Community Corporation
  • Ticker: FCCT
  • Exchange: OTCPK
  • Founded: 1992
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$11.090m
  • Shares outstanding: 1.63m
  • Website: https://www.fcbanktn.bank

Location

  • First Community Corporation
  • 809 West Main Street
  • Rogersville
  • Tennessee
  • 37857
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FCCTOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2006

Biography

First Community Corporation operates as the holding company for First Community Bank of East Tennessee that provides banking services to individuals and businesses. The company offers demand and savings de ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 23:54
End of Day Share Price2019/10/04 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.