First Community Corp (FCCO) has announced a significant increase in its fourth-quarter profit compared to the same period last year, surpassing Wall Street's expectations.
The company reported earnings of $4.23 million, or $0.55 per share, up from $3.3 million, or $0.43 per share, in the previous year. This performance exceeded analysts' average forecast, which projected earnings of $0.49 per share, typically excluding any special items.
For the period, First Community Corp witnessed a notable 15.1% growth in revenue, rising to $17.5 million from $15.2 million last year.
Key financial outcomes for First Community Corp (GAAP) are as follows:
- Net Income: $4.23 million, up from $3.3 million last year.
- Earnings Per Share (EPS): $0.55 compared to $0.43 in the prior year.
- Revenue: Increased to $17.5 million from $15.2 million in the preceding year.
