First Commonwealth Financial (FCF) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
First Commonwealth Financial (FCF) reported $122.58 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 13.2%. EPS of $0.39 for the same period compares to $0.37 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $123.21 million, representing a surprise of -0.51%. The company delivered an EPS surprise of -2.50%, with the consensus EPS estimate being $0.40.
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.
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: 53.4% versus 53.3% estimated by three analysts on average.
Net interest margin (FTE): 3.8% compared to the 3.8% average estimate based on three analysts.
Total Interest-Earning Assets (FTE): $10.35 billion versus $10.39 billion estimated by three analysts on average.
Total Non-Interest Income: $24.83 million versus $24.95 million estimated by three analysts on average.
Gain on sale of mortgage loans: $1.27 million versus the three-analyst average estimate of $1.21 million.
Gain on sale of other loans and assets: $1.03 million versus the two-analyst average estimate of $1.97 million.
Card-related interchange income: $7.22 million compared to the $7.76 million average estimate based on two analysts.
Net interest income, (FTE): $98.07 million versus the two-analyst average estimate of $98.65 million.
Other Income: $2.83 million compared to the $2.14 million average estimate based on two analysts.
Service charges on deposit accounts: $5.60 million versus the two-analyst average estimate of $5.22 million.
Insurance and retail brokerage commissions: $2.31 million compared to the $2.19 million average estimate based on two analysts.
Income from bank owned life insurance: $1.24 million versus $1.11 million estimated by two analysts on average.
View all Key Company Metrics for First Commonwealth Financial here>>>
Shares of First Commonwealth Financial have returned -0.1% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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First Commonwealth Financial Corporation (FCF) : Free Stock Analysis Report
