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First Commonwealth Financial Corp. (FCF)
NYSE:FCF
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.32Last Year’s EPS
0.37Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 28, 2025
|% Change Since: -1.08%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a generally positive outlook with strong deposit growth, improved credit metrics, and strategic acquisitions as highlights. However, challenges with loan growth, elevated credit costs, and net interest margin compression were noted as lowlights.Company Guidance
During the Fourth Quarter 2024 Earnings Conference Call, First Commonwealth Financial Corporation provided detailed guidance on their financial performance and outlook. The company met consensus earnings estimates of $0.35 per share with a pre-tax pre-provision ROA of 1.77% and ROE of 1.23%. Their net interest margin (NIM) stood at 3.54%, while the core efficiency ratio was reported at 56.1%. The company saw an 8.7% increase in average deposits for the quarter, attributed in part to a large commercial customer deposit, and a 5% increase year-over-year. The loan-to-deposit ratio improved to 92.5%, indicating room for lending growth. First Commonwealth anticipates mid-single-digit loan growth in 2025, driven by commercial real estate and C&I loans, and expects NIM to expand by 10 to 20 basis points by the end of 2025. Fee income is projected to be around $22 million to $23 million per quarter starting in the first quarter of 2025. The company also highlighted improvements in credit metrics, with non-performing loans declining from 0.83% to 0.68%. Additionally, they announced the strategic acquisition of CenterBank, expected to close in the second quarter of 2025, which is projected to contribute about $0.01 per share to EPS per quarter starting in the third quarter. The company remains optimistic about their balance sheet's position for growth and profitability heading into 2025.Strong Deposit Growth
Average deposits grew 8.7% in the fourth quarter, with a year-over-year increase of $451.1 million or 5%.
Improvement in Credit Metrics
Non-performing loans (NPLs) declined from 0.83% to 0.68%, and reserves-to-loans remained above peer levels.
Fee Income Resilience
Despite a $6.7 million impact from the Durbin Amendment, fee income increased year-over-year by $2.6 million due to improvements in mortgage, wealth, and SBA.
Strategic Acquisition
Announced acquisition of CenterBank in Cincinnati, which is expected to contribute positively to earnings from the third quarter of 2025.
Net Promoter Score and Customer Satisfaction
Customer experience metrics improved with historic highs in Net Promoter Score and branch customer satisfaction.
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FCF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FCF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 28, 2025 | $16.69 | $16.04 | -3.89% |
| Oct 29, 2024 | $16.69 | $16.63 | -0.36% |
| Jul 23, 2024 | $16.42 | $16.92 | +3.05% |
| Apr 23, 2024 | $12.87 | $13.15 | +2.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does First Commonwealth Financial Corp. (FCF) report earnings?
First Commonwealth Financial Corp. (FCF) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is First Commonwealth Financial Corp. (FCF) earnings time?
First Commonwealth Financial Corp. (FCF) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FCF EPS forecast?
FCF EPS forecast for the fiscal quarter 2025 (Q1) is 0.32.
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