First Community Q3 Earnings and Revenues Beat Estimates

First Community (NASDAQ: FCCO) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this holding company for First Community Bank would post earnings of $0.37 per share when it actually produced earnings of $0.42, delivering a surprise of 13.51%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

First Community, which belongs to the Zacks Banks - Southeast industry, posted revenues of $16.98 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.99%. This compares to year-ago revenues of $13.97 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

First Community shares ...