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First Commonwealth Reports Mixed 2024 Financial Results
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First Commonwealth Reports Mixed 2024 Financial Results

Story Highlights
  • First Commonwealth Financial announced a quarterly cash dividend and 2024 financial results.
  • The company saw growth in deposits and loans but faced declines in net interest and noninterest income.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Invest with Confidence:

First Commonwealth ( (FCF) ) has issued an update.

First Commonwealth Financial Corporation, a financial services provider, reported its financial results for the fourth quarter and entire year of 2024, showcasing a mixed performance compared to previous periods. The firm announced a quarterly cash dividend of $0.13 per share as of January 28, 2025, alongside a net income of $35.8 million for the fourth quarter, marking an increase from the previous quarter but a decrease from the same period in 2023. The report highlighted growth in average deposits and total loans, particularly in Equipment Finance and Commercial Real Estate, while also noting declines in net interest income and noninterest income compared to the prior quarter.

More about First Commonwealth

YTD Price Performance: 1.39%

Average Trading Volume: 587,135

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $1.68B

See more insights into FCF stock on TipRanks’ Stock Analysis page.

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