First Commonwealth Financial (FCF) Q3 Earnings Analysis

First Commonwealth Financial (FCF) recently released its earnings report for the quarter ending in September 2024. The company reported revenue of $121.21 million, which is a slight decrease of 1.1% compared to the same quarter last year. In terms of earnings per share (EPS), FCF reported $0.31, down from $0.39 in the same period last year.

When evaluating these figures, it's important to compare them against Wall Street's estimates. The reported revenue exceeded the Zacks Consensus Estimate of $118.4 million, resulting in a positive surprise of +2.38%. However, the EPS fell short of expectations, producing a surprise of -13.89%, given that the consensus EPS estimate was $0.36.

Investors closely observe not just the year-over-year changes in revenue and earnings, but also how these numbers stack up against Wall Street's anticipated figures. This analysis can provide a clearer view of the company's financial health and future performance.

Key Metrics Performance

Here are some essential metrics for First Commonwealth Financial from the recently reported quarter, compared to analysts' estimates:

• Core Efficiency Ratio: 56.7%, slightly above the 56.3% average estimate from three analysts.
• Net Interest Margin (FTE): 3.6%, matching the average estimate from three analysts.
• Total Interest-Earning Assets (FTE): $10.83 billion, which is higher than the $10.72 billion average estimate from three analysts.
• Total Non-Interest Income: $24.70 million, surpassing the average estimate of $22.30 million based on three analysts.
• Gain on Sale of Mortgage Loans: $1.15 million, compared to the $1.94 million average estimate.
• Gain on Sale of Other Loans and Assets: $2.58 million, outshining the two-analyst average estimate of $1.24 million.
• Net Interest Income: $96.52 million, above the $95.65 million estimate from two analysts.
• Card-Related Interchange Income: $4.14 million, exceeding the $3.86 million average estimate.
• Net Interest Income (FTE): $96.86 million against an estimate of $97 million.
• Trust Income: $3.24 million, which is higher than the $2.98 million estimate.
• Service Charges on Deposit Accounts: $5.84 million, slightly more than the $5.83 million estimate.
• Insurance and Retail Brokerage Commissions: $2.66 million, falling short of the $2.90 million estimate.

These metrics are vital for stakeholders as they provide insight into the company's operational efficiency and profitability. Understanding these figures helps investors make informed decisions about their investments.

Market Performance

In the preceding month, shares of First Commonwealth Financial have returned -0.4%. In contrast, the Zacks S&P 500 composite has experienced a gain of +1.7%. Currently, First Commonwealth Financial holds a Zacks Rank of #4 (Sell), suggesting potential underperformance in comparison to the broader market in the near future.

For those interested in exploring more key metrics of First Commonwealth Financial, further information is available online.

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