Director Reynolds E. Leland of First Community Corp (NASDAQ: FCCO) purchased 500 shares of the bank's common stock on February 2, 2026, at a per-share price of $29.6699, a transaction that totaled $14,834. The stock is trading at $30.21 at the time of reporting, representing a modest paper gain on the recent acquisition by Reynolds.
Following this purchase, Reynolds directly holds 30,930 shares, a total that includes 1,407 deferred stock units held under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan. Those deferred stock units accrue dividend equivalents in the form of additional deferred stock units and will be issued on a one-for-one basis when distributed from the Plan.
Corporate filings show the transaction documents were executed on Reynolds' behalf by D. Shawn Jordan, acting as Attorney-in-Fact.
Valuation and capital metrics
Market data indicate First Community has a market capitalization of $232.41 million and trades at a price-to-earnings ratio of 12.23. An internal valuation read provided alongside the company's public disclosures suggests the shares are slightly overvalued relative to the stated Fair Value. Analyst price targets reported in filings span from $32 to $36 per share.
The company has a long history of returning capital to shareholders, with dividend payments maintained for 25 consecutive years and a current dividend yield of 2.12%.
Recent operating results and strategic activity
First Community Corporation reported net income of $19.2 million for 2025, with $4.83 million attributable to the fourth quarter. Diluted earnings per share were $0.62 for the fourth quarter and $2.47 for the full year.
Excluding merger-related expenses tied to the acquisition of Signature Bank of Georgia, adjusted net income for the fourth quarter was $5.36 million and $20.35 million for the full year.
The acquisition of Signature Bank of Georgia closed on January 8, 2026, for approximately $50 million. Shareholders approved the merger at a special meeting, with a majority voting in favor of the Agreement and Plan of Merger dated July 13, 2025. Under the terms of the deal, Signature Bank of Georgia will be merged into First Community's wholly owned subsidiary, First Community Bank, and Signature Bank shareholders will receive First Community common stock as part of the transaction consideration.
Over the past year, First Community has delivered a total price return of 21.8%, a performance figure shown in corporate disclosures.
What the transaction shows
The insider purchase increases Reynolds' direct ownership in the bank and leaves him with exposure that includes deferred compensation units designed to replicate dividend flows. The timing of the buy follows a year of positive stock performance and immediately follows the close of a strategic acquisition that expanded First Community's footprint into Georgia.
All figures and transaction details are drawn from the company's reported filings and the associated documentation of the stock purchase.