Filing Flows › First Community (FCCO) › Q4 2024
First Community (FCCO) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 14, 2025
First Community (FCCO) reported revenue of $17.5M for the fourth quarter 2024 (Q4 2024), +15% from a year earlier and +3% from the quarter before. Operating margin was 30.9%, net earnings $4.2M (24.2% of revenue).
First Community, Q4 2024: revenue $17.5M (+15% year over year), operating margin 30.9%, net earnings $4.2M, operating cash flow −$4.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.5M | +3% | +15% |
| Operating profit | $5.4M | +8% | +30% |
| Net earnings | $4.2M | +10% | +28% |
| Operating cash flow | −$4.3M | — | — |
What changed
Revenue was $17.5M in Q4 2024, up 15% year over year and up 3% from the previous quarter.
Operating profit was $5.4M, a 30.9% margin (up 3.7 points year over year). Of the extra revenue versus a year earlier, 56% reached operating profit, above the 27% margin then. Total costs grew 9% against revenue growth of 15%. The fastest-growing cost line was Noninterest expense (+11%). Net earnings were $4.2M, up 28% year over year. The effective tax rate was 21.6%.
Operating cash flow was −$4.3M. Non-cash charges added back $231K of share-based compensation. Working capital and other items used $8.8M. Capital expenditures of $297K exceeded it, leaving free cash flow of −$4.6M.
Questions
What was First Community's revenue in the fourth quarter 2024?
First Community (FCCO) reported revenue of $17.5M for the fourth quarter 2024 (Q4 2024), +15% from a year earlier and +3% from the quarter before.
Was First Community profitable in the fourth quarter 2024?
Operating profit was $5.4M (30.9% of revenue) and net earnings $4.2M.
Source: First Community 10-K on SEC EDGAR.