First Community Q1 Profit Declines; Declares Dividend

(RTTNews) - First Community Corp. (FCCO) Wednesday reported first-quarter net income of $862 thousand or $0.14 per share, compared with $1.0 million or $0.20 per share in the comparable quarter last year.

On average, two analysts polled by Thomson Reuters estimated earnings of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the quarter rose to $5.5 million from $4.3 million in the prior year, while total non-interest income for the quarter was $1.9 million, down from $2.1 million last year.

Further, the Board of Directors has approved a cash dividend of $0.06 per share, payable on May 12, 2014 to shareholders of record as of April 30, 2014.