First Commonwealth Financial (FCF) Tops Q1 EPS by 12c

First Commonwealth Financial (NYSE: FCF) reported Q1 EPS of $0.41, $0.12 better than the analyst estimate of $0.29.

“While the reserve release is certainly a positive reflection of our asset quality trends and the improved macroeconomic environment, the trajectory of our fundamental operating performance is even more encouraging,” stated T. Michael Price, President and Chief Executive Officer. “Our consumer loans are growing, our commercial pipelines have started to build and our fee generating businesses all had another solid quarter. At the same time, the team helped 2,500 small and mid-sized businesses secure roughly $255 million in PPP funding during the quarter.” Price continued, “Last week, Forbes released their list of the World’s Best Banks for 2021. For the third year in a row, First Commonwealth is proud to be one of 75 banks from the United States receiving this distinction. This recognition gives us even more confidence that our Company is well-positioned to reward all of our stakeholders.”

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

You May Also Be Interested In

• Nomura/Instinet Upgrades Genting Singapore (GENS:SP) (GIGNY) to Neutral
• Bio-key International, Inc. (BKYI) Tops Q2 EPS by 24c
• Prosensa Holding N.V. (RNA) Reports Q2 Loss of $1.18