First Community Corp Approves Plan To Utilize Up To $7.5M Of Capital To Repurchase Shares Of Common Stock

Cash Dividend and Capital

The Board of Directors has approved a cash dividend for the fourth quarter of 2025 of $0.16 per common share.  This dividend is payable on February 24, 2026 to shareholders of record of the company's common stock as of February 10, 2026.  First Community Corporation President and CEO, Mike Crapps commented, "The entire board is pleased that our performance enables the company to continue our cash dividend uninterrupted for 96 consecutive quarters." 

The company's Board of Directors has approved a plan to utilize up to $7.5 million of capital to repurchase shares of its common stock, which represented approximately 4.5% of total shareholders' equity as of  December 31, 2025.  This share repurchase plan expires on May 8, 2026.  Under the repurchase plan, the company may repurchase shares from time to time.  No shares have been repurchased under this plan.  Mr. Crapps noted, "This approved share repurchase provides us with some flexibility in managing capital going forward."