First Community Corporation FCCO

Competitive advantage analysis · financial-services

Bank Specialized
Overall moat score
71/100
Moderate

Ranked against 399 peers in Banks - Regional

About First Community Corporation

First Community Corporation operates as the bank holding company for First Community Bank that provides various commercial and retail banking products and services to small-to-medium sized businesses, professionals, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments. Its deposit products include checking, NOW, savings, and individual retirement accounts; and demand deposits, … Full FCCO analysis →

Key strengths

  • Strong Capital Position Capital position is strong (score 0.83), exceeding regulatory minimums.
  • Disciplined Risk Management Risk management appears disciplined (asset quality score 0.90).

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Deposit Franchise

Moderate
72
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Signals, strengths and risks for Deposit Franchise

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Signals, strengths and risks for Lending Advantage

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Signals, strengths and risks for Capital Strength

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Signals, strengths and risks for Cost Discipline

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Signals, strengths and risks for Revenue Diversification

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Signals, strengths and risks for Risk Management

Where FCCO ranks in Banks - Regional

First Community Corporation ranks #54 of 393 scored companies in Banks - Regional by moat score — the top 14%. The widest moat in the group is 1st Source Corporation (SRCE) at 86/100.

# Company Moat score Rating
50 Nicolet Bankshares Inc. NIC 72/100 Moderate
51 S&T Bancorp, Inc. STBA 72/100 Moderate
52 South Plains Financial, Inc. SPFI 72/100 Moderate
53 Credicorp Ltd. BAP 72/100 Moderate
54 First Community Corporation FCCO 71/100 Moderate
55 Mercantile Bank Corporation MBWM 71/100 Moderate
56 Hancock Whitney Corporation HWC 71/100 Moderate
57 Prosperity Bancshares, Inc. PB 71/100 Moderate
58 Wintrust Financial Corporation WTFC 71/100 Moderate

See every Banks & Lenders company ranked by moat score →

How FCCO scores on the Bank Specialized defenses

Deposit Franchise

Score 72 · 22% of the moat score

A deposit franchise is the cheapest and most valuable thing a bank can own.

Lending Advantage

Score 63 · 18% of the moat score

Lending advantage is the ability to originate loans at attractive spreads without buying that volume with looser credit standards.

Capital Strength

Score 81 · 20% of the moat score

Capital is the buffer between loan losses and insolvency, and it is what regulators judge a bank on first.

Cost Discipline

Score 55 · 16% of the moat score

Banking carries high fixed costs in branches, compliance and technology, so what it costs to run the bank relative to what the bank earns is a genuine competitive variable.

Revenue Diversification

Score 74 · 14% of the moat score

A bank earning everything from net interest income is a leveraged bet on the rate cycle.

Risk Management

Score 87 · 10% of the moat score

Risk management is the defense that only reveals itself late.

How each Bank Specialized defense is measured, in full →

Understanding FCCO's moat

What is First Community Corporation's moat score?

First Community Corporation (FCCO) scores 71 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #54 of 393 scored companies in Banks - Regional, the top 14%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 399 companies in Banks - Regional. Its strongest defense is Risk Management (87/100) and its weakest is Cost Discipline (55/100).

How does First Community Corporation compare with other Banks - Regional companies?

First Community Corporation ranks #54 of 393 scored companies in Banks - Regional by moat score. The widest moat in Banks - Regional is 1st Source Corporation (SRCE) at 86/100. The companies ranked closest are Credicorp Ltd. (BAP) at 72 just above it and Mercantile Bank Corporation (MBWM) at 71 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Bank Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 399 companies in Banks - Regional. The defenses are then weighted to produce the overall score out of 100.

Why is First Community Corporation scored with the Bank Specialized template?

A bank does not sell a product at a margin. It funds itself, lends at a spread, and books profits that remain an estimate until the loans are actually repaid. That makes the usual margin-and-return questions misleading, so the Bank template scores what really determines a bank's durability: where its funding comes from, what it lends against, how much capital stands behind it, and whether it has been pricing risk honestly.

Which competitive defenses are measured for First Community Corporation?

The Bank Specialized template measures 6 defenses, and FCCO scores: Deposit Franchise (72), Lending Advantage (63), Capital Strength (81), Cost Discipline (55), Revenue Diversification (74), Risk Management (87). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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