Overview

* First Community Q2 net income rises 58.8% yr/yr to $5.186 mln

* Diluted EPS for Q2 increases 59.5% yr/yr to $0.67 per share

* Co announced acquisition of Signature Bank of Georgia in the quarter

Outlook

* Company expects positive loan growth momentum into the third quarter

* First Community anticipates completing Signature Bank acquisition by early 2026

* Company sees continued proactive management of deposit pricing

* First Community expects operational conversion post-acquisition by mid-2026

Result Drivers

* LOAN PRODUCTION - Strong loan production in Q2, though offset by higher payoffs, per CEO Ted Nissen

* NET INTEREST MARGIN - Margin expanded by eight basis points, benefiting from interest rate swaps

* ASSET MANAGEMENT - Record assets under management driven by net new asset growth and market appreciation

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.67

Q2 Net $5.19

Income mln

Q2 Net $15.30

Interest mln

Income

Q2 Net 3.2%

Interest

Margin

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)