Click to copy
Click to copy

First Commonwealth Financial: 2Q Earnings Snapshot

July 23, 2019

INDIANA, Pa. (AP) _ First Commonwealth Financial Corp. (FCF) on Tuesday reported second-quarter net income of $27.3 million.

The bank, based in Indiana, Pennsylvania, said it had earnings of 28 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The financial holding company posted revenue of $104 million in the period. Its revenue net of interest expense was $89 million, also topping Street forecasts. Four analysts surveyed by Zacks expected $88.1 million.

First Commonwealth Financial shares have climbed 9% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $13.19, a decline of 21% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FCF at https://www.zacks.com/ap/FCF

All contents © copyright 2019 The Associated Press. All rights reserved.