First Commonwealth Q2 adjusted EPS beats estimates, announces $25 mln buyback

First Commonwealth Financial

29/07/2025 22:16

Corrects revenue figure and estimates in overview and key details table

Overview

First Commonwealth Q2 adjusted rev rises to $131.33 mln, beating analysts' expectations

Adjusted EPS of $0.38 beat consensus

Core net income of $39.5 mln exceeded analysts' expectations

Co announces new $25 mln share repurchase program

Result Drivers

NET INTEREST INCOME - Driven by a 21 basis point expansion in net interest margin and a $411.1 mln increase in interest-earning assets

LOAN GROWTH - Total loans increased $183.7 mln, or 8.1% annualized, from the previous quarter

NONINTEREST INCOME - Increased $2.3 mln from the previous quarter, despite a decrease in card-related interchange income due to regulatory changes

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted Revenue
$131.33 mln
$125.90 mln (5 analysts)
Q2 Adjusted EPS
Beat
$0.38
$0.34 (6 Analysts)
Q2 EPS
$0.32
Q2 Adjusted Net Income
Beat
$39.50 mln
$34.30 mln (5 Analysts)
Q2 Net Income
$33.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for First Commonwealth Financial Corp is $18.00, about 9.4% above its July 28 closing price of $16.31

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNX1sYHpH

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)