First Commonwealth Financial (FCF) Posts Q4 EPS of $0.08

First Commonwealth Financial (NYSE: FCF) reported Q4 EPS of $0.08, which includes items and may not compare to the analyst estimate of $0.15.

"2014 was an unprecedented year for our organization," stated T. Michael Price, President and Chief Executive Officer. "We successfully executed a comprehensive systems conversion that has already led to process efficiencies and cost savings. Our newly launched mortgage initiative is ramping up quickly and will be an important component of revenue growth in 2015. Our acquisition of a local insurance agency expanded our carrier access. And we maintained solid loan growth for the last three consecutive quarters. So despite the unusual, non-recurring items that impacted our fourth quarter earnings, we achieved earnings per share growth of 12% in 2014, and remain on track with our strategic initiatives and growth objectives."

For earnings history and earnings-related data on First Commonwealth Financial (FCF) click here.

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