L'intérêt à découvert pour First Community donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de First Community. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

First Community (NASDAQ:FCCO) Stock, Rapport sur les intérêts à découvert

First Community

First Community Corp is a bank holding company. Along with its subsidiaries, it provides various banking products and services for professionals and small and medium-sized businesses, including consumer and commercial banking, mortgage, brokerage and investment, online banking, and insurance services. The company offers checking, savings, money market, individual retirement, and certificates of deposit accounts, and its lending lines include consumer loans, real estate loans, home improvement loans, home loans, flex loans, construction loans, agricultural loans, and others. The company's reportable segments are; Commercial and Retail Banking, which derives maximum revenue; Mortgage Banking; Investment Advisory and Non-Deposit; and Corporate.

First Community Corporation - Common Stock

First Community Corp

First Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCCO#NASDAQ">FCCO</a>) reported quarterly earnings of $0.51 per share which beat the analyst consensus estimate of $0.45 by 13.33 percent. This is a 50 percent increase over earnings of $0.34 per share from the same period last year. The company reported quarterly sales of $18.37 million which beat the analyst consensus estimate of $17.39 million by 5.64 percent. This is a 20.39 percent increase over sales of $15.26 million the same period last year.

Earnings

Earnings Beats

News

FCCO

First Community Q1 EPS $0.51 Beats $0.45 Estimate, Sales $18.37M Beat $17.39M Estimate

Janney Montgomery Scott analyst Brian Martin upgrades First Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCCO#NASDAQ">FCCO</a>) from Neutral to Buy and announces $30 price target.

Upgrades

Price Target

Analyst Ratings

Janney Montgomery Scott Upgrades First Community to Buy, Announces $30 Price Target

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Jefferies analyst Brian Tanquilut upgraded the rating for Option Care Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPCH#NASDAQ">OPCH</a>) from Hold to Buy and raised the price target from $26 to $35. Option Care Health shares closed at $29.31 on Wednesday. <a href="https://www.benzinga.com/quote/OPCH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Erik Woodring upgraded Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) from Underweight to Equal-Weight and raised the price target from $73 to $92. Logitech shares closed at $87.85 on Wednesday. <a href="https://www.benzinga.com/quote/LOGI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler analyst Alexander Potter upgraded the rating for Aptiv PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APTV#NYSE">APTV</a>) from Underweight to Neutral and boosted the price target from $53 to $65 Aptiv shares closed at $62.73 on Wednesday. <a href="https://www.benzinga.com/quote/APTV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James analyst Steve Moss upgraded First Community Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCCO#NASDAQ">FCCO</a>) from Outperform to Strong Buy and raised the price target from $27 to $30. First Community shares closed at $24.57 on Wednesday. <a href="https://www.benzinga.com/quote/FCCO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler analyst John Barnidge upgraded the rating for Trupanion, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) from Neutral to Overweight and maintained the price target of $57. Trupanion shares closed at $46.52 on Wednesday. <a href="https://www.benzinga.com/quote/TRUP/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying LOGI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="612" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23072322/image-168-1024x612.png" alt="" class="wp-image-746628" style="width:552px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23072322/image-168-1024x612.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23072322/image-168-300x179.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23072322/image-168-768x459.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23072322/image-168.png 1107w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Pre-Market Outlook

Markets

Trading Ideas

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LOGI

OPCH

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This Logitech International Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Thursday

Raymond James analyst Steve Moss upgrades First Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCCO#NASDAQ">FCCO</a>) from Outperform to Strong Buy and raises the price target from $27 to $30.

Raymond James Upgrades First Community to Strong Buy, Raises Price Target to $30

The Q4 earnings report for First Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCCO#NASDAQ">FCCO</a>) was released on Wednesday, January 22, 2025 at 09:00 AM.
Here's what investors need to know about the latest announcement.
<h3>Earnings</h3>
First Community beat estimated earnings by 12.0%, reporting an EPS of $0.55 versus an estimate of $0.49.
Revenue was up $2.24 million from the same period last year.
<h3>Performance in Previous Earnings</h3>
Last quarter the company beat on EPS by $0.06 which was followed by a 0.0% increase in the share price the next day.
Here's a look at First Community's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.44</td>
<td>0.36</td>
<td>0.34</td>
<td>0.37</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.50</td>
<td>0.42</td>
<td>0.34</td>
<td>0.43</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>16.65M</td>
<td>15.52M</td>
<td>14.74M</td>
<td>15.07M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>16.98M</td>
<td>16.34M</td>
<td>15.26M</td>
<td>15.23M</td>
</tr>
</tbody>
</table>

To track all earnings releases for First Community <a href="https://www.benzinga.com/quote/FCCO/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights into First Community Q4 Earnings

First Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCCO#NASDAQ">FCCO</a>) reported quarterly earnings of $0.55 per share which beat the analyst consensus estimate of $0.49 by 12.24 percent. This is a 27.91 percent increase over earnings of $0.43 per share from the same period last year.

First Community Q4 EPS $0.55 Beats $0.49 Estimate

First Community (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fcco#NASDAQ">FCCO</a>) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this holding company for First Community Bank would post earnings of $0.37 per share when it actually produced earnings of $0.42, delivering a surprise of 13.51%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
First Community, which belongs to the Zacks Banks - Southeast industry, posted revenues of $16.98 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.99%. This compares to year-ago revenues of $13.97 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
First Community shares have lost about 0.7% since the beginning of the year versus the S&amp;P 500&#39;s gain of 21.9%.
<h2>What&#39;s Next for First Community?</h2>
While First Community has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for First Community: favorable. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.49 on $16.85 million in revenues for the coming quarter and $1.69 on $65.05 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the bottom 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, National Bank Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nbhc#NYSE">NBHC</a>), is yet to report results for the quarter ended September 2024. The results are expected to be released on October 22.
This holding company for NBH Bank is expected to post quarterly earnings of $0.76 per share in its upcoming report, which represents a year-over-year change of -19.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
National Bank Holdings&#39; revenues are expected to be $102.32 million, down 4.5% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2351550/first-community-fcco-q3-earnings-and-revenues-beat-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2351550">To read this article on Zacks.com click here.</a>

Large Cap

Small Cap

NBHC

First Community Q3 Earnings and Revenues Beat Estimates

First Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCCO#NASDAQ">FCCO</a>) reported quarterly earnings of $0.50 per share which beat the analyst consensus estimate of $0.44 by 13.64 percent. This is a 117.39 percent increase over earnings of $0.23 per share from the same period last year. The company reported quarterly sales of $16.982 million which beat the analyst consensus estimate of $16.652 million by 1.98 percent. This is a 21.59 percent increase over sales of $13.967 million the same period last year.

First Community Q3 2024 GAAP EPS $0.50 Beats $0.44 Estimate, Sales $16.982M Beat $16.652M Estimate

First Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCCO#NASDAQ">FCCO</a>) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-16. Here's a quick overview of what investors should know before the release.
Analysts are estimating that First Community will report an earnings per share (EPS) of $0.44.
Investors in First Community are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Performance in Previous Earnings</h3>
During the last quarter, the company reported an EPS beat by $0.06, leading to a 2.01% drop in the share price on the subsequent day.
Here's a look at First Community's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.36</td>
<td>0.34</td>
<td>0.37</td>
<td>0.38</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.42</td>
<td>0.34</td>
<td>0.43</td>
<td>0.23</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>0.0%</td>
<td>4.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729008044_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of First Community were trading at $21.3 as of October 14. Over the last 52-week period, shares are up 21.35%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/FCCO/earnings">To track all earnings releases for First Community visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

First Community Earnings Preview

The Bank of New York Mellon Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bk#NYSE">BK</a>) is scheduled to report third-quarter 2024 results on Oct. 11, before market open. The company&#39;s revenues and earnings are expected to have increased on a year-over-year basis.
In the last reported quarter, BK&#39;s earnings surpassed the Zacks Consensus Estimate. Results were primarily aided by a rise in fee revenues and lower expenses. The assets under custody and/or administration (AUC/A) and assets under management balances grew on a solid market rally. However, a decline in net interest revenues (NIR) acted as a headwind.
BNY Mellon has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average beat of 9.92%.
<div class="chart_embed">
<h3>The Bank of New York Mellon Corporation Price and EPS Surprise</h3>
<img alt="The Bank of New York Mellon Corporation Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/17/1728394604.png" style="height:258px; width:527px" title="" />
The Bank of New York Mellon Corporation price-eps-surprise | The Bank of New York Mellon Corporation Quote
The consensus estimate for the company&#39;s third-quarter earnings is pegged at $1.40 per share, which has been revised marginally upward over the past seven days. This indicates a rise of 10.2% from the year-ago quarter&#39;s reported number.
The consensus estimate for sales is pegged at $4.52 billion, implying 3.3% growth.
</div>
<h2>Key Factors to Impact BK&#39;s Q3 Results</h2>
Fee Revenues: The Zacks Consensus Estimate for total investment services fees (comprising more than 50% of the company&#39;s total revenues) is pegged at $2.34 billion, suggesting a rise of 5% from the year-ago quarter. Our estimate for the same is $2.39 billion.
The consensus mark for financing-related fees stands at $52.5 million, which suggests a 16.6% year-over-year rise. Our estimate for financing-related fees is $55.9 million.
The consensus estimate for distribution and servicing fees is pegged at $41.7 million, implying a 6.8% increase. Our estimate for the same is pegged at $42.7 million.
In the third quarter, foreign exchange (FX) trading activity was driven by heightened market volatility and increased hedging demand amid global economic uncertainties. Nonetheless, the implementation of the rate cut weakened the dollar to some extent. Thus, increased FX trading volumes are likely to have had a modest impact on BNY Mellon&#39;s FX revenues. The consensus estimate for foreign exchange revenues is pegged at $179.6 million, suggesting a rise of 16.6%. Our estimate for the same is $165.5 million.
The consensus estimate for total fees and other revenues is $3.55 billion, suggesting a rise of 5.6%. We project the metric to be $3.59 billion.
Net Interest Revenues: On Sept. 18, the Federal Reserve implemented a 50-basis point rate cut for the first time since March 2020. Nonetheless, the impact on BK&#39;s NIR during the third quarter is unlikely to have been significant.
Further, the inverted yield curve for most of the quarter and high funding costs are expected to have weighed on interest income.
Yet, indications of future rate cuts by the Fed and a stabilizing macroeconomic backdrop are likely to have supported the overall lending scenario. Per the latest Fed data, overall loan demand remained decent for the first two months of the quarter.
The consensus mark for NIR is pegged at $967.8 million, indicating a 4.8% year-over-year decline. Our estimate for NIR is $898.3 million.
Expenses: Because of higher restructuring charges, BNY Mellon&#39;s expenses have been elevated over the past few years. Nevertheless, overall costs are expected to have been manageable in the quarter under review, given the elimination of unnecessary management layers.
Our estimate for non-interest expenses is $3.12 billion, suggesting a marginal year-over-year fall.
<h2>What the Zacks Model Unveils for BNY Mellon</h2>
According to our quantitative model, the chances of BNY Mellon beating the Zacks Consensus Estimate this time are high. This is because it has the right combination of the two key ingredients &mdash; a positive Earnings ESP and Zacks Rank #3 (Hold) or better.
Earnings ESP: The Earnings ESP for BNY Mellon is +0.14%.
Zacks Rank: The company currently carries a Zacks Rank #2 (Buy).
<h2>Other Bank Stocks That Warrant a Look</h2>
A couple of other bank stocks that have the right combination of elements to post an earnings beat in their upcoming releases are First Community Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fcco#NASDAQ">FCCO</a>) and 1st Source Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/srce#NASDAQ">SRCE</a>).
FCCO has an Earnings ESP of +1.12% and it carries a Zacks Rank of 2 at present. The company is slated to report third-quarter 2024 results on Oct. 16.
SRCE is scheduled to release third-quarter 2024 earnings on Oct. 24. The company, which sports a Zacks Rank of 1 (Strong Buy) at present, has an Earnings ESP of +4.80%.
<a href="https://www.zacks.com/stock/news/2347766/higher-fee-income-to-aid-bny-mellon-s-q3-earnings-subdued-nir-to-hurt?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2347766">To read this article on Zacks.com click here.</a>

Macro Economic Events

Financing

Forex

Management

Economics

Federal Reserve

SRCE

Higher Fee Income to Aid BNY Mellon's Q3 Earnings, Subdued NIR to Hurt

UMB Financial Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/umbf#NASDAQ">UMBF</a>) is gaining from balance-sheet strength on the back of increasing loan and deposit balances. Also, steady capital distributions are backed by a decent liquidity position. However, intense competition, along with elevated expenses, are major headwinds.
UMB Financial has a healthy balance sheet position. The company witnessed impressive net loan growth in the last three years (2020-2023), with compounded annual growth rate (CAGR) of 13%. Also, deposits saw a CAGR of 9.8% in the same time frame. The rising trend continued for both metrics in the first half of 2024. The acquisition of Heartland Financial will add meaningful loans and deposit balance, thus fortifying UMB Financial&#39;s balance sheet. Also, the strong deposit and loan pipeline are likely to support the company&#39;s financials.
UMBF has been diversifying its operations into non-interest sources to reduce the company&#39;s exposure on spread income. Non-interest income saw a CAGR of 6.2% for the four-year period that ended in 2023, with the rising trend continuing in the first half of 2024. The company&#39;s investment in revenue-producing capabilities is likely to support top-line growth. Going forward, diverse lines of business and verticals will keep aiding UMB Financial&#39;s non-interest income (NII).
The company&#39;s NII witnessed a CAGR of 8.2% in the last four years (ended 2023), with the uptrend continuing in the first half of 2024. UMBF&#39;s decent loan demand will further support the metric growth in the upcoming period. With the Federal Reserve indicating a rate cut beginning September 2024, the company&#39;s NII is likely to benefit further as funding costs will be stabilized.
As of Jun 30, 2024, UMB Financial had debt (comprising short-term and long-term debt) of $1.68 billion. Cash and due from banks and interest-bearing due from banks were $5.1 billion as of the same date. UMBF seems to be well placed in terms of its liquidity profile and expected to continue meeting the company&#39;s debt obligations even if the economic situation worsens.
UMB Financial has been raising dividends annually regularly since 2002, with the latest hike of 2.6% announced in October 2023. Also, the bank has a share repurchase plan in place. In the first quarter of 2024, the company approved the repurchase of up to one million shares of its common stock. These can take place at any point in time until its termination, following the 2025 annual meeting of the company&#39;s shareholders. The company has not repurchased any of its common shares to date. Given solid liquidity and a favorable debt-to-equity ratio and payout rate compared with the broader industry, its capital-distribution activities seem sustainable.
UMB Financial&#39;s return on equity (ROE) reflects its growth potential. The company&#39;s ROE of 14.23% compares favorably with 10.94% of the industry, reflecting UMFB&#39;s efficiency in using its shareholders&#39; funds.
The bank currently carries a Zacks Rank #2 (Buy). In the past three months, shares of UMBF have gained 15.8% compared with the industry&#39;s growth of 7.6%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/cd/74754.jpg?v=1730101067" />
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for UMBF&#39;s current-year earnings has been revised upward in the past 30 days. This reflects that analysts are optimistic regarding its earnings growth potential.
Despite the above-mentioned tailwinds, cost escalation is the key concern for UMB Financial. The non-interest expenses flared up, seeing a CAGR of 6.4% in the last four years (2019-2023), with the trend continuing in the first half of 2024.
Though the company is focusing on improving its operating leverage, a rise in expenses based on higher salaries and employee benefits costs is likely to impede bottom-line growth in the upcoming period.
Additionally, the company faces intense competition in its business operations. The growing market share of FinTech companies and online service providers remains a key threat to traditional banks like UMB Financial. Also, these new entrants are not subject to the same level of regulations and supervision.
<h3>Other Stocks to Consider</h3>
A couple of other top-ranked finance stocks are First Community Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fcco#NASDAQ">FCCO</a>) and First Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fbnc#NASDAQ">FBNC</a>).
The consensus estimate for FCCO&#39;s current-year earnings has been revised 4.3% upward in the past 30 days. FCCO currently sports a Zacks Rank #1 (Strong Buy).
First Bancorp&#39;s current-year earnings estimate has been revised 11.3% upward in the past 30 days. FBNC currently carries a Zacks Rank #2.
<a href="https://www.zacks.com/stock/news/2324473/umb-financial-umbf-thrives-on-loan-growth-amid-rising-costs?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2324473">To read this article on Zacks.com click here.</a>

Mid Cap

Dividends

FBNC

UMBF

UMB Financial Thrives on Loan Growth Amid Rising Costs

Adding Synovus Financial Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snv#NYSE">SNV</a>) stock to your portfolio seems to be a wise idea now. Supported by strong fundamentals, the company is well poised for growth.
The Zacks Consensus Estimate for SNV&#39;s 2024 earnings has been revised 4.9% upward in the past 30 days, indicating that analysts are optimistic regarding its earnings growth potential. SNV currently carries a Zacks Rank #2 (Buy).
In the past six months, the stock has risen 19.1% compared with the industry&#39;s growth of 16.9%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/77/74497.jpg?v=1605080004" />
Image Source: Zacks Investment Research
Let&#39;s delve into the other factors that make SNV an attractive investment option now.
Earnings Growth: The company&#39;s earnings have witnessed growth of 9.3% in the last three to five years. For 2024, SNV&#39;s earnings are expected to decline 1.5%, while the same is projected to rise 16% in 2025.
Synergy from Merger &amp; Acquisitions: SNV has been investing through mergers and acquisitions to enhance its operations and fortify its footprint in various areas. On Jun 1, 2023, Synovus acquired a 60% equity interest in Qualpay &mdash; a cloud-based platform that combines a payment gateway with a robust merchant processing solution. In 2019, it completed the acquisition of FCB Financial Holdings. It looks forward to tapping similar opportunities in the future as well.
Balance Sheet Strength: Synovus&#39; total debt (comprising long-term debt and other short-term borrowings) was $2.28 billion as of Jun 30, 2024, and cash and cash equivalents were $2.29 billion. The company enjoys long-term issuer credit ratings of BBB- and BBB from Standard &amp; Poor&#39;s and Fitch, respectively. This will likely enable the company to access the debt market at favorable rates. Given the company&#39;s decent cash levels and access to debt markets, it is expected to continue meeting debt obligations, even if the economic situation worsens.
Solid Capital Distributions: Synovus has an impressive capital deployment plan. In January 2024, the bank was authorized to repurchase shares up to $300 million of common stock. As of Jun 30, 2024, approximately $179.3 million worth of buyback authorization remained available. In March 2023, the company announced a 12% hike in its quarterly dividend to 38 cents per share after a 3% increase in 2022 and a 10% hike in 2020. Given the company&#39;s strong balance sheet and liquidity position, the continuation of its sustainable capital distribution activities will drive investors&#39; confidence in the stock.
Superior Return on Equity (ROE): Synovus&#39; trailing 12-month return on equity (ROE) reflects its superior utilization of shareholders&#39; funds. The company&#39;s ROE of 12.76% compares favorably with the industry&#39;s 9.07%.
<h3>Other Stocks Worth Considering</h3>
A couple of other top-ranked stocks from the same space are First Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fbnc#NASDAQ">FBNC</a>) and First Community Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fcco#NASDAQ">FCCO</a>), each currently carrying a Zacks Rank #2.
First Bancorp&#39;s current-year earnings estimates have been revised 11.3% upward in the past 30 days. FBNC shares have gained 18.5% over the past six months.
The consensus estimate for FCCO&#39;s current-year earnings has been revised 9.9% upward over the past 60 days. In the past six months, FCCO&#39;s shares have increased 24.6%.
<a href="https://www.zacks.com/stock/news/2323332/5-reasons-to-add-synovus-snv-stock-to-your-portfolio-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2323332">To read this article on Zacks.com click here.</a>

5 Reasons to Add Synovus Stock to Your Portfolio Now

First Community (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fcco#NASDAQ">FCCO</a>) reported $16.34 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 7.5%. EPS of $0.42 for the same period compares to $0.43 a year ago.
The reported revenue represents a surprise of +5.94% over the Zacks Consensus Estimate of $15.42 million. With the consensus EPS estimate being $0.37, the EPS surprise was +13.51%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company&#39;s financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock&#39;s price performance.
Here is how First Community performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
<ul>
<li>Net Interest Margin (taxable equivalent): 2.9% versus 2.8% estimated by two analysts on average.</li>
<li>Efficiency Ratio: 72.8% versus the two-analyst average estimate of 73.7%.</li>
<li>Total Non-Interest Income: $3.64 million versus the two-analyst average estimate of $3.20 million.</li>
<li>Shares of First Community have returned +16.7% over the past month versus the Zacks S&amp;P 500 composite&#39;s +4.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.</li>
<li><a href="https://www.zacks.com/stock/news/2303587/first-community-fcco-reports-q2-earnings-what-key-metrics-have-to-say?cid=CS-BENZ-FT-fundamental_analysis|nfm-2303587">To read this article on Zacks.com click here.</a></li>
</ul>
&nbsp;

First Community Reports Q2 Earnings: What Key Metrics Have to Say

<ul>
<li>Increased cash dividend to $0.15 per common share, which is the 90th consecutive quarter of cash dividends paid to common shareholders.</li>
</ul>

First Community Increases Quarterly Dividend From $0.14 To $0.15 Per Share

First Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCCO#NASDAQ">FCCO</a>) reported quarterly earnings of $0.42 per share which beat the analyst consensus estimate of $0.36 by 16.67 percent. This is a 2.33 percent decrease over earnings of $0.43 per share from the same period last year. The company reported quarterly sales of $16.33 million which beat the analyst consensus estimate of $15.52 million by 5.22 percent. This is a 7.52 percent increase over sales of $15.19 million the same period last year.

First Community Q2 EPS $0.42 Beats $0.36 Estimate, Sales $16.33M Beat $15.52M Estimate

First Community's Assets Under Management (AUM) Reached $832.9M At March 31, 2024 Vs. $621.1M Last Year

First Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCCO#NASDAQ">FCCO</a>) reported quarterly earnings of $0.34 per share which met the analyst consensus estimate. This is a 24.44 percent decrease over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $15.26 million which beat the analyst consensus estimate of $14.74 million by 3.53 percent. This is a 2.20 percent increase over sales of $14.93 million the same period last year.

First Community Q1 EPS $0.34, Inline, Sales $15.26M Beat $14.74M Estimate

Friday marks the last chance for investors to receive the next dividend payout from First Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCCO#NASDAQ">FCCO</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a quarterly dividend of 14 cents per share. On Monday, First Community will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 14 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own FCCO as of the end of Friday's session are eligible to receive the 14 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on February 20, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Friday Is Your Last Chance To Buy First Community Before The Dividend Payout

Shares of First Community Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fcco#NASDAQ">FCCO</a>) rose in premarket trading on Thursday, after the company <a href="https://www.benzinga.com/insights/earnings/24/01/36758543/recap-first-community-q4-earnings">reported higher-than-expected fourth-quarter earnings</a>.
The Lexington, South Carolina-based company&rsquo;s earnings appear to be reaching a bottom. They should receive a boost from the Federal Reserve&rsquo;s upcoming rate cuts and &ldquo;organic growth from the bank&rsquo;s strong markets in South Carolina and Georgia,&quot; according to Raymond James.
The First Community Analyst: Steve Moss upgraded the rating for First Community from Market Perform to Outperform, while establishing a price target of $21.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
The First Community Thesis: The fourth-quarter earnings beat was driven by higher net interest income and fees as well as lower expenses, Moss said in the upgrade note.
First Community indicated that the loan pipeline softened during the fourth quarter, but &ldquo;that conversations with borrowers have picked up since the start of the year,&rdquo; the analyst wrote. &ldquo;FCCO expects mid-to-high single digit commercial loan growth in 2024, we model 8%,&rdquo; he added.
&ldquo;NPAs remained low at 8 bp of related assets as of 4Q23, and FCCO recorded a $1K net recovery,&rdquo; Moss said. He further stated that the loan loss reserve (LLR) ratio is likely to increase from 1.08% in the fourth quarter to 1.10% by yearend 2024.
FCCO Price Action: Shares of First Community had risen by 2.82% to $18.98 in the premarket session on Thursday.
Now Read: <a href="https://www.benzinga.com/economics/macro-economic-events/24/01/36779384/us-q4-economic-growth-hits-3-3-sharply-beats-estimates-thursdays-economic-digest">US Q4 Economic Growth Hits 3.3%, Sharply Beats Estimates - Thursday&#39;s Economic Digest</a>

Analyst Color

First Community Analyst Turns Bullish After Q4 Print: 'Conversations With Borrowers Picked Up'

Raymond James analyst Steve Moss upgrades First Community (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCCO#NASDAQ">FCCO</a>) from Market Perform to Outperform and announces $21 price target.

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