- Lower PPP forgiveness, economic recovery, and the recent launch of the equipment finance division will likely drive loan growth in 2022.
- Repricing of assets will most probably outweigh the repricing of liabilities this year. Therefore, significant margin expansion is on the cards for the year ahead.
- Loan growth will likely drive provisioning for loan losses this year.
- The December 2022 target price suggests a decent upside from the current market price. Further, FCF is offering a modest dividend yield.
For further details see:
First Commonwealth: Strong Top-Line Growth Views Unlikely To Compensate For Provision Normalization