Janney Montgomery Scott upgraded First Community (FCCO) to Buy from Neutral with a $30 fair value estimate. The firm says an improved revenue outlook will drive “significant” earnings growth and an improved profitability profile for First Community. The bank’s net interest margin is “poised to expand significantly” in 2025, driven by upward repricing of loans, lower funding costs, improved balance-sheet efficiency and mid- to high-single-digit loan growth, the analyst tells investors in a research note.
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