FCF Earnings Prediction
The chart below shows how FCF performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FCF sees a -1.85% change in stock price 10 days leading up to the earnings, and a +2.61% change 10 days following the report. On the earnings day itself, the stock moves by -0.31%. This data can give you a slight idea of what to expect for the next quarter's release.
FCF Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
110.36M
-1.50%
-1.44%
Gross Margin
--
--
--
Operating Margin
38.82%
-23.20%
8.22%
Net Margin
32.49%
-18.80%
13.36%
EPS
0.35
-20.45%
12.90%
No Data Available
FCF Earnings Analysis
First Commonwealth Financial Corp Corporation (FCF.N) Earnings Conference Call
Positive
Earnings Per Share Performance: Q4 earnings per share met consensus at $0.35, reflecting strong profitability with a pre-tax pre-provision ROA of 1.77% and ROE of 1.23%.
Deposit Growth Analysis: Average deposits grew by 8.7% in Q4, contributing to a total annual increase of $451.1 million or 5% for the year, improving the loan to deposit ratio to 92.5%.
C&I Equipment Finance Growth: Commercial real estate activity improved in Q4, with a notable growth of $61 million in the C and I equipment finance portfolio alone.
Fee Income Increase: Fee income increased by $800,000 quarter-over-quarter, driven by gains in swap income, limited partnership investments, and mortgage gain on sale income, despite the impact of Durbin.
Strategic Acquisition Announcement: The company announced a strategic acquisition of Center Bank, expected to contribute approximately $0.01 per share to EPS starting Q3 2025, enhancing growth prospects in the Cincinnati market.
Negative
Increased Credit Costs: Higher credit costs were reported, with elevated charge-offs totaling approximately $8,000,000 in Q4, primarily driven by three non-performing loans that had been previously recognized and reserved for.
Deposit Growth Analysis: Average deposits increased by 8.7% in Q4, but this growth was largely skewed by a single large corporate deposit of $175,000,000, indicating potential volatility in deposit stability.
Minimal Loan Growth: Loan growth was minimal, with only $23,500,000 added in Q4, resulting in an annualized growth rate of just 1.04%, reflecting ongoing challenges in loan demand across various categories.
Net Interest Margin Compression: The net interest margin (NIM) experienced a total compression of 2 basis points in Q4, with a decline in spread income of $1,400,000, highlighting pressure on profitability from interest rate dynamics.
Rising Non-Interest Expenses: The bank's non-interest expense is projected to increase by approximately $2,000,000 in Q2 2025 due to merit increases and the acquisition of Center Bank, indicating rising operational costs.
FCF FAQs
How does FCF typically perform around its earnings report dates?
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FCF Earning Call Sentiment
Earnings call transcript: First Commonwealth Financial Q4 2024 earnings miss, stock drops
FCF.N
1.28%Positive
The earnings call summary shows mixed signals: improved EPS and NPLs, but concerns over acquisition risks and rising costs. The Q&A reveals optimism in certain areas, but also vague responses on risk management. With a market cap of $1.39B, these factors balance out to a neutral sentiment for the stock price over the next two weeks.
