FIRST COMMUNITY CORP /SC/ — Form 8-K
Filed July 22, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 58/100
What the filing says
J. Ted Nissen retires as CEO/President of First Community Bank effective Dec 31, 2026, ending 31-year tenure. Vaughan Dozier becomes CEO and Joseph Drew Painter becomes President effective Jan 1, 2027, splitting the unified role. Q2 2026 net income reached $7.595M (+46.5% YoY), diluted EPS $0.80 (+19.4% YoY); H1 2026 net income $13.093M (+42.6% YoY). Dividend increased to $0.17/share (98th consecutive quarter); total deposits $2.025B, loans $1.578B, regulatory capital ratios all exceed well-capitalized thresholds.
Why this rating
Leadership succession is material governance event with execution risk; strong earnings/capital offset concerns. Moderate relative to $179M market cap.
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