First Commonwealth price target raised to $21 from $19 at RBC Capital

RBC Capital raised the firm’s price target on First Commonwealth (FCF) to $21 from $19 and keeps an Outperform rating on the shares as part of a broader research note previewing Q1 earnings for Regional Banks. The firm sees the outlooks as relatively stable from Q4 earnings, and aside from seasonal variations, RBC remains constructive on the fundamentals heading into quarterly results and sees healthy loan and revenue growth as key drivers of solid earnings and returns for our coverage this year, the analyst tells investors in a research note. The combination of a favorable lending environment, a less onerous regulatory regime, and solid fundamental tailwinds can translate into stronger revenue trends with positive operating leverage in 2026, the firm added.