First Commonwealth Financial Full Year 2024 Earnings: In Line With Expectations

First Commonwealth Financial (NYSE:FCF) Full Year 2024 Results

Key Financial Results

• Revenue: US$448.5m (down 4.0% from FY 2023).
• Net income: US$142.6m (down 9.2% from FY 2023).
• Profit margin: 32% (down from 34% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$1.40 (down from US$1.55 in FY 2023).

FCF Banking Performance Indicators

• Net interest margin (NIM): 3.55% (down from 3.81% in FY 2023).
• Non-performing loans: 0.68% (up from 0.44% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

First Commonwealth Financial Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 1.7% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on First Commonwealth Financial's balance sheet health.

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