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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Read More on FCCO:
- First Community upgraded to Buy from Neutral at Janney Montgomery Scott
- First Community upgraded to Strong Buy from Outperform at Raymond James
- First Community reports Q4 EPS 55c, consensus 49c
- FCCO Upcoming Earnings Report: What to Expect?
- First Community names Sarah Donley as Chief Operations & Risk Officer
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