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Compared to Estimates, First Commonwealth Financial (FCF) Q4 Earnings: A Look at Key Metrics
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First Commonwealth Financial (FCF - Free Report) reported $120.03 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 6.9%. EPS of $0.44 for the same period compares to $0.39 a year ago.
The reported revenue represents a surprise of -2.54% over the Zacks Consensus Estimate of $123.17 million. With the consensus EPS estimate being $0.39, the EPS surprise was +12.82%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how First Commonwealth Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Core Efficiency Ratio: 53% compared to the 53.9% average estimate based on three analysts.
Net interest margin (FTE): 3.7% compared to the 3.7% average estimate based on three analysts.
Total Interest-Earning Assets (FTE): $10.44 billion versus the three-analyst average estimate of $10.47 billion.
Gain on sale of mortgage loans: $0.78 million versus $1.06 million estimated by three analysts on average.
Total Non-Interest Income: $24.30 million versus $24.92 million estimated by three analysts on average.
Gain on sale of other loans and assets: $1.74 million compared to the $0.94 million average estimate based on two analysts.
Net Interest Income: $95.74 million compared to the $98.37 million average estimate based on two analysts.
Insurance and retail brokerage commissions: $2.46 million versus $2.19 million estimated by two analysts on average.
Other Income: $2.27 million versus $2.94 million estimated by two analysts on average.
Service charges on deposit accounts: $5.60 million versus the two-analyst average estimate of $5.86 million.
Income from bank owned life insurance: $1.21 million versus $1.13 million estimated by two analysts on average.
Trust income: $2.55 million compared to the $3.01 million average estimate based on two analysts.
Shares of First Commonwealth Financial have returned -2.5% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, First Commonwealth Financial (FCF) Q4 Earnings: A Look at Key Metrics
First Commonwealth Financial (FCF - Free Report) reported $120.03 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 6.9%. EPS of $0.44 for the same period compares to $0.39 a year ago.
The reported revenue represents a surprise of -2.54% over the Zacks Consensus Estimate of $123.17 million. With the consensus EPS estimate being $0.39, the EPS surprise was +12.82%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how First Commonwealth Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Core Efficiency Ratio: 53% compared to the 53.9% average estimate based on three analysts.
- Net interest margin (FTE): 3.7% compared to the 3.7% average estimate based on three analysts.
- Total Interest-Earning Assets (FTE): $10.44 billion versus the three-analyst average estimate of $10.47 billion.
- Gain on sale of mortgage loans: $0.78 million versus $1.06 million estimated by three analysts on average.
- Total Non-Interest Income: $24.30 million versus $24.92 million estimated by three analysts on average.
- Gain on sale of other loans and assets: $1.74 million compared to the $0.94 million average estimate based on two analysts.
- Net Interest Income: $95.74 million compared to the $98.37 million average estimate based on two analysts.
- Insurance and retail brokerage commissions: $2.46 million versus $2.19 million estimated by two analysts on average.
- Other Income: $2.27 million versus $2.94 million estimated by two analysts on average.
- Service charges on deposit accounts: $5.60 million versus the two-analyst average estimate of $5.86 million.
- Income from bank owned life insurance: $1.21 million versus $1.13 million estimated by two analysts on average.
- Trust income: $2.55 million compared to the $3.01 million average estimate based on two analysts.
View all Key Company Metrics for First Commonwealth Financial here>>>Shares of First Commonwealth Financial have returned -2.5% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.