In This Article:
First Commonwealth Financial (NYSE:FCF) Full Year 2024 Results
Key Financial Results
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Revenue: US$448.5m (down 4.0% from FY 2023).
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Net income: US$142.6m (down 9.2% from FY 2023).
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Profit margin: 32% (down from 34% in FY 2023). The decrease in margin was driven by lower revenue.
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EPS: US$1.40 (down from US$1.55 in FY 2023).
FCF Banking Performance Indicators
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Net interest margin (NIM): 3.55% (down from 3.81% in FY 2023).
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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 earnings are important, another area to consider is the balance sheet. We have a graphic representation of First Commonwealth Financial's balance sheet and an in-depth analysis of the company's financial position.
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