01:42 PM EDT, 07/17/2024 (MT Newswires) -- First Community (FCCO) shares rose 2.6% in recent Wednesday trading after the company announced better-than-expected Q2 results and increased quarterly dividend.

The company reported Q2 earnings Wednesday of $0.42 per diluted share, down from $0.43 a year earlier.

Three analysts polled by Capital IQ expected $0.36.

Revenue for the quarter ended June 30, expressed as the sum of net interest income and total noninterest income, was $16.3 million, up from $15.2 million a year earlier.

Two analysts surveyed by Capital IQ expected $15.5 million.

The company also said its board increased the quarterly dividend to $0.15 per share, which will be paid Aug. 13 to shareholders of record July 30.

Price: 20.12, Change: +0.50, Percent Change: +2.58