RBC Capital lowered the firm’s price target on First Commonwealth (FCF) to $18 from $20 and keeps an Outperform rating on the shares following quarterly results. The firm says this was a solid quarter with margin expansion, core loan and deposit growth, offsetting higher expenses trends. RBC remains encouraged by the guidance for 2025, which calls for margin expansion, solid loan growth, and more disciplined near-term expense management.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FCF:
- First Commonwealth completes acquisition of CenterGroup Financial
- First Commonwealth Financial Reports Q1 2025 Earnings
- First Commonwealth Financial’s Mixed Earnings Call Reveals Growth and Challenges
- First Commonwealth Reports Q1 2025 Earnings and Dividend
- First Commonwealth reports Q1 core EPS 32c, consensus 32c