First Commonwealth (FCF) Q2 2025 Earnings Transcript

Image source: The Motley Fool.Need a quote from one of our analysts? Email pr@fool.comFirst Commonwealth Financial (NYSE:FCF) delivered higher core earnings per share (non-GAAP), margin expansion, and substantial growth in both loans and deposits for Q2 2025, following the integration of Center Bank and robust organic business trends. New loan production yielded 42 basis points higher than runoff loans, with fixed-rate originations contributed a 115 basis point positive replacement yield, sustaining NIM expansion despite emerging competitive and funding pressures. The single large commercial floor plan credit accounted for over 30% of nonaccrual balances, and led to most of the increase in nonperforming loans, while absent this and the Center acquisition, core credit quality was stable quarter-over-quarter. Deposit funding kept pace with loan growth, though management cautioned about incremental pressure on deposit costs and potential NIM compression as rate competition persists. Strategic focus remained on disciplined organic and small-scale acquisition growth, with Ohio operations contributing a majority of incremental loan volume and ongoing upside identified in increasing product and fee income penetration across existing markets.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool