Item 2.02. Results of Operations and Financial Condition.
On July 21, 2021, First Community Corporation (the "Company"), holding company
for First Community Bank, issued a press release announcing its financial
results for the period ended June 30, 2021. The Company announced that the Board
of Directors has approved a cash dividend for the second quarter of 2021. The
Company will pay a $0.12 per share dividend to holders of the Company's common
stock. This dividend is payable on August 17, 2021 to shareholders of record as
of August 3, 2021.
A copy of the press release is attached hereto as Exhibit 99.1.
FORWARD-LOOKING STATEMENTS
Certain statements in this report may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995, such
as statements relating to future plans, goals, projections and expectations, and
are thus prospective. Forward looking statements can be identified by words such
as "anticipate," "expects," "intends," "believes," "may," "likely," "will" or
other statements that indicate future periods. Such forward-looking statements
are subject to risks, uncertainties, and other factors which could cause actual
results to differ materially from future results expressed or implied by such
forward-looking statements. Such risks, uncertainties and other factors,
include, among others, the following: (1) competitive pressures among depository
and other financial institutions may increase significantly and have an effect
on pricing, spending, third-party relationships and revenues; (2) the strength
of the United States economy in general and the strength of the local economies
in which we conduct operations may be different than expected, including, but
not limited to, due to the negative impacts and disruptions resulting from the
outbreak of the novel coronavirus, or COVID-19, on the economies and communities
we serve, which may continue to have an adverse impact on our business,
operations and performance, and could continue to have a negative impact on our
credit portfolio, share price, borrowers, and on the economy as a whole, both
domestically and globally; (3) the rate of delinquencies and amounts of
charge-offs, the level of allowance for loan loss, the rates of loan growth, or
adverse changes in asset quality in our loan portfolio, which may result in
increased credit risk-related losses and expenses; (4) changes in legislation,
regulation, policies, or administrative practices, whether by judicial,
governmental, or legislative action, including, but not limited to, the
Coronavirus Aid, Relief, and Economic Security Act, or the "CARES Act"; (5)
adverse conditions in the stock market, the public debt markets and other
capital markets (including changes in interest rate conditions) could have a
negative impact on the company; (6) technology and cybersecurity risks,
including potential business disruptions, reputational risks, and financial
losses, associated with potential attacks on or failures by our computer systems
and computer systems of our vendors and other third parties; and (7) risks,
uncertainties and other factors disclosed in our most recent Annual Report on
Form 10-K filed with the SEC, or in any of our Quarterly Reports on Form 10-Q or
Current Reports on Form 8-K filed with the SEC since the end of the fiscal year
covered by our most recently filed Annual Report on Form 10-K, which are
available at the SEC's Internet site (http://www.sec.gov).
Although we believe that the assumptions underlying the forward-looking
statements are reasonable, any of the assumptions could prove to be inaccurate.
We can give no assurance that the results contemplated in the forward-looking
statements will be realized. The inclusion of this forward-looking information
should not be construed as a representation by our company or any person that
the future events, plans, or expectations contemplated by our company will be
achieved. We undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events, or otherwise, except as required by law.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Item Exhibit
99.1 Earnings Press Release for the period ended June 30, 2021.
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