FCCO - First Community GAAP EPS of $0.52 beats by $0.06 revenue of $15.47M beats by $0.33M

• First Community press release ( NASDAQ: FCCO ): Q3 GAAP EPS of $0.52 beats by $0.06 .
• Revenue of $15.47M (-3.4% Y/Y) beats by $0.33M .
• The Board of Directors approved a cash dividend for the third quarter of 2022.  The company will pay a $0.13 per share dividend to holders of the company's common stock.
• Total loans increased during the third quarter by $33.9 million, an annualized growth rate of 14.7%.
• Cost of deposits were unchanged on a linked quarter basis at 0.09% for the third quarter of 2022.
• Margin expansion of 0.36% during the third quarter with net interest margin on a tax equivalent basis of 3.29%.
• Investment advisory line of business revenue of $1.053 million
• Strong credit quality metrics with non-performing assets (NPAs) ratio of 0.36%, past due ratio of 0.04% and net loan recovery excluding overdrafts of $88 thousand during the third quarter, with a year-to-date net recovery of $349 thousand.

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