FCCO · First Community Corporation

The repurchase plan signals management's view that the Company's common stock may be undervalued, offering a mechanism to return capital to shareholders and potentially support the stock price. With authorization for $7.5 million—equivalent to 3.4% of shareholders' equity as of March 31, 2026—this provides flexibility for opportunistic purchases amid favorable market conditions. Management retains full discretion over execution, allowing responsiveness to share price fluctuations, equity plan issuances, economic factors, and regulatory constraints. As the holding company for First Community Bank, this initiative underscores a focus on efficient capital allocation without commitment, as the program can be paused or terminated through its May 5, 2027 expiration.