First Community Corporation has announced record earnings for the second quarter of 2025, with net income reaching $5.186 million. This represents a 29.7% increase compared to the previous quarter and a 58.8% rise year-over-year. For the six months ending June 30, 2025, the company reported a net income of $9.183 million, marking a 56.7% increase over the same period in 2024. Diluted earnings per share $(EPS)$ for the second quarter of 2025 were $0.67, reflecting a 31.4% increase from the prior quarter and a 59.5% increase year-over-year. For the six months ending June 30, 2025, the diluted EPS stood at $1.18, up 55.3% over the same period in 2024. Net interest income for the second quarter of 2025 was $15.3 million, compared to $14.4 million in the first quarter and $12.7 million in the second quarter of 2024. The net interest margin on a tax equivalent basis was 3.21%, showing an eight basis point increase from the first quarter of the year. The company reported an increase in total loans by $8.1 million during the second quarter of 2025, representing an annualized growth rate of 2.6%. Commercial loan production was $46.3 million, with advances from unfunded commercial construction loans totaling $14.8 million. Despite strong loan production, higher loan payoffs were noted during the quarter. Additionally, First Community Corporation recognized $234 thousand in expenses related to its planned acquisition of Signature Bank of Georgia, which was announced on July 14, 2025. Looking ahead, the company remains optimistic about continued positive momentum in loan growth entering the third quarter.
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