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Compared to Estimates, First Commonwealth Financial (FCF) Q3 Earnings: A Look at Key Metrics
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First Commonwealth Financial (FCF - Free Report) reported $121.21 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 1.1%. EPS of $0.31 for the same period compares to $0.39 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $118.4 million, representing a surprise of +2.38%. The company delivered an EPS surprise of -13.89%, with the consensus EPS estimate being $0.36.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 56.7% compared to the 56.3% average estimate based on three analysts.
Net interest margin (FTE): 3.6% compared to the 3.6% average estimate based on three analysts.
Total Interest-Earning Assets (FTE): $10.83 billion versus $10.72 billion estimated by three analysts on average.
Total Non-Interest Income: $24.70 million versus the three-analyst average estimate of $22.30 million.
Gain on sale of mortgage loans: $1.15 million versus $1.94 million estimated by three analysts on average.
Gain on sale of other loans and assets: $2.58 million versus the two-analyst average estimate of $1.24 million.
Net Interest Income: $96.52 million versus $95.65 million estimated by two analysts on average.
Card-related interchange income: $4.14 million compared to the $3.86 million average estimate based on two analysts.
Net interest income, (FTE): $96.86 million versus $97 million estimated by two analysts on average.
Trust income: $3.24 million versus $2.98 million estimated by two analysts on average.
Service charges on deposit accounts: $5.84 million versus $5.83 million estimated by two analysts on average.
Insurance and retail brokerage commissions: $2.66 million versus $2.90 million estimated by two analysts on average.
Shares of First Commonwealth Financial have returned -0.4% over the past month versus the Zacks S&P 500 composite's +1.7% 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) Q3 Earnings: A Look at Key Metrics
First Commonwealth Financial (FCF - Free Report) reported $121.21 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 1.1%. EPS of $0.31 for the same period compares to $0.39 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $118.4 million, representing a surprise of +2.38%. The company delivered an EPS surprise of -13.89%, with the consensus EPS estimate being $0.36.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 56.7% compared to the 56.3% average estimate based on three analysts.
- Net interest margin (FTE): 3.6% compared to the 3.6% average estimate based on three analysts.
- Total Interest-Earning Assets (FTE): $10.83 billion versus $10.72 billion estimated by three analysts on average.
- Total Non-Interest Income: $24.70 million versus the three-analyst average estimate of $22.30 million.
- Gain on sale of mortgage loans: $1.15 million versus $1.94 million estimated by three analysts on average.
- Gain on sale of other loans and assets: $2.58 million versus the two-analyst average estimate of $1.24 million.
- Net Interest Income: $96.52 million versus $95.65 million estimated by two analysts on average.
- Card-related interchange income: $4.14 million compared to the $3.86 million average estimate based on two analysts.
- Net interest income, (FTE): $96.86 million versus $97 million estimated by two analysts on average.
- Trust income: $3.24 million versus $2.98 million estimated by two analysts on average.
- Service charges on deposit accounts: $5.84 million versus $5.83 million estimated by two analysts on average.
- Insurance and retail brokerage commissions: $2.66 million versus $2.90 million estimated by two analysts on average.
View all Key Company Metrics for First Commonwealth Financial here>>>Shares of First Commonwealth Financial have returned -0.4% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.