First Community Corp Reports Q2 2026 Results; $0.17 Dividend, Bank CEO Retires

What Happened
First Community Corporation (FCCO) issued a press release on July 22, 2026 announcing its financial results for the period ended June 30, 2026 and the Board’s approval of a cash dividend. The Board declared a $0.17 per share dividend payable August 18, 2026 to shareholders of record as of August 4, 2026. The company also announced a planned management succession at its banking subsidiary effective January 1, 2027: J. Ted Nissen will retire as Executive Vice President and Chief Banking Officer of the company and as President & CEO of First Community Bank effective December 31, 2026; Vaughan R. Dozier, Jr. will become CEO of the Bank and Joseph A. “Drew” Painter will become President of the Bank, each effective January 1, 2027.

Key Details

• Press release dated July 22, 2026 reported quarterly results for period ended June 30, 2026 and announced the dividend.
• Dividend: $0.17 per share, payable Aug 18, 2026; record date Aug 4, 2026.
• Leadership transition: J. Ted Nissen retiring Dec 31, 2026 (also leaving both boards); Vaughan R. Dozier, Jr. (age 45, 18 years at the Bank) named Bank CEO and Joseph A. “Drew” Painter (age 48, 23 years at the Bank) named Bank President, both effective Jan 1, 2027.
• Board changes: each board will increase from 14 to 15 directors; Dozier and Painter were appointed to the boards effective Jan 1, 2027. Employment amendments and any transition/consulting agreement terms (including consulting fees) have not yet been finalized and will be disclosed when approved.

Why It Matters
The dividend gives shareholders a near-term cash return tied to the company’s reported quarterly performance. The announced executive succession at the bank is material for investors because it changes top operating leadership (President & CEO of the Bank) while keeping Michael C. Crapps as President & CEO of the holding company. Investors should watch for the company’s full quarterly results in the press release and for subsequent disclosures about any employment or consulting agreements and compensation terms related to the transition.