What does commercial and retail banking — goodwill mean?

Represents the intangible asset value recorded when the commercial and retail banking segment is acquired for a price exceeding the fair market value of its net identifiable assets. It reflects the premium paid for brand reputation, customer relationships, and expected future synergies within the retail banking division. This metric is essential for assessing the historical acquisition strategy and potential impairment risks associated with the segment's market position.

First Community Corporation (FCCO) Commercial And Retail Banking — Goodwill

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Other segment segments

Government Guaranteed Collateral1

$5.8B—

Similar metrics at other companies

WBSCommercial Banking — Goodwill

$1.96B0.0%

UMBFCommercial Banking — Goodwill

$1.04B+1.5%

QCRHCommercial Banking — Goodwill

$110.94M0.0%

VLYCommercial Banking — Goodwill

$1.44B0.0%

COFCommercial Banking — Goodwill

$5.05B0.0%

SYBTCommercial Banking — Goodwill

$172M0.0%

Other financials

Income statement

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Revenue$25.1M+28.7%

Net income$7.6M+46.5%

EPS (diluted)$0.80+19.4%

Balance sheet

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Cash & equivalents$161.1M+7.5%

Total debt$2.6M-0.5%

Total equity$228.0M+46.6%

Total assets$2.4B+15.9%

Cash flow

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Operating cash flow-$2.4M-137%

CapEx$96.0K-52.0%

Free cash flow-$2.5M-140%

Valuation

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Market cap$321.56M+64.3%

P/E13.9×+2.6×

P/S3.6×+0.9×

Profitability

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Net margin25.9%+2.0pp

FCF margin11.1%—

Returns & leverage

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Return on equity12.1%+0.2pp

Debt / equity0×0.0×

Where this comes from

Reported directly by First Community Corporation in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: First Community Corporation’s 10-Q, filed May 15, 2026.

Filed: May 15, 2026, 4:10 PM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0001552781-26-000341

The goodwill arising from the acquisition reflects the Company’s increased market share and related synergies expected to result from combining the operations of First Community Bank and SGBG. In accordance with ASC 350, Intangibles-Goodwill and Other, goodwill will not be amortized, but will be tested for impairment at least annually. Of the $14.8 million in goodwill arising from the acquisition, $5.8 million was assigned to the Government Guaranteed Lending segment and $9.0 million was assigned to the Commercial and Retail Banking segment. The fair value of the acquired identifiable intangible assets was $2.6 million, consisting primarily of a core deposit intangible.

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FAQ

What is First Community Corporation's commercial and retail banking — goodwill?: First Community Corporation (FCCO) reported commercial and retail banking — goodwill of $9B in Q1 2026.
What does commercial and retail banking — goodwill mean?: Represents the intangible asset value recorded when the commercial and retail banking segment is acquired for a price exceeding the fair market value of its net identifiable assets. It reflects the premium paid for brand reputation, customer relationships, and expected future synergies within the retail banking division. This metric is essential for assessing the historical acquisition strategy and potential impairment risks associated with the segment's market position.