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First Commonwealth Financial: Management's Efforts Likely To Support Revenues

Sheen Bay Research profile picture
Sheen Bay Research


  • The management is taking steps to boost loan growth, including the launching of the equipment finance segment and the hiring of new bankers.
  • The existing allowance level appears excessively high. As a result, provisioning will likely be a tailwind for earnings in the coming quarters.
  • The December 2022 target price suggests a remarkable upside from the current market price. Further, FCF is offering a decent dividend yield.

The First Commonwealth Bank building, Homestead, Pennsylvania, USA

Althom/iStock Editorial via Getty Images

Loan growth will likely be the chief driver of earnings of First Commonwealth Financial Corporation (NYSE: NYSE:FCF) in the quarters ahead. The management's plans to set up an equipment finance segment and hire new revenue

This article was written by

Sheen Bay Research profile picture
Around 10 years of experience covering Banks and Macroeconomics. Passionate about discovering lucrative investments and generating alpha.

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