First Commonwealth Financial (NYSE:FCF) Third Quarter 2022 Results
Key Financial Results
Revenue: US$102.3m (up 5.0% from 3Q 2021).
Net income: US$34.0m (flat on 3Q 2021).
Profit margin: 33% (down from 35% in 3Q 2021). The decrease in margin was driven by higher expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
First Commonwealth Financial Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 4.3%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Banks industry in the US.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on First Commonwealth Financial's balance sheet health.
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