NYSE:FCFBanks
How Margin-Driven Earnings Beat At First Commonwealth Financial (FCF) Has Changed Its Investment Story
In the past week, First Commonwealth Financial reported fourth-quarter results, posting profit of US$44.9 million and earnings of US$0.43 per share, with revenue net of interest expense of US$137.9 million beating analyst forecasts.
The company’s outperformance was supported by solid loan and deposit growth and an expanding net interest margin, helping it exceed Wall Street expectations on both revenue and earnings.
Next, we’ll examine how this margin expansion and stronger-than-expected...