Jan. 28 at 10:13 PM
$FCF First Commonwealth reports Q4 non-GAAP EPS 35c, consensus 35c
Reports Q4 Net charge-offs
$13.69M vs.
$16.33M last year. "Despite deposit pricing pressure challenges, higher credit costs, and six months of lost interchange revenue from the Durbin amendment, we ended 2024 with a robust pre-tax pre-provision ROA of 1.76% and an efficiency ratio of 56.07%, demonstrating the strength of our organization," stated T. Michael Price, President and CEO. "With historic highs in customer satisfaction and net promoter scores, we're not just growing profitably but also building deeper trust and stronger connections with our customers." Price continued, "Last year laid the foundation for sustainable growth, and as we move into 2025, our focus on mid-single-digit loan growth, core deposit acquisition, and operational efficiency will propel us forward."
