First Commonwealth Announces Second Quarter 2018 Earnings; Declares Quarterly Dividend

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First Commonwealth Financial (FCF) PT Raised to $18 at RBC Capital

July 26, 2018 7:44 AM EDT

RBC Capital raised its price target on First Commonwealth Financial (NYSE: FCF) to $18.00 (from $16.00) while maintaining a Outperform rating.

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First Commonwealth Financial (FCF) Tops Q2 EPS by 8c

July 24, 2018 5:04 PM EDT

First Commonwealth Financial (NYSE: FCF) reported Q2 EPS of $0.33, $0.08 better than the analyst estimate of $0.25.

Second Quarter 2018 Highlights

Earnings

Second quarter net income was $32.1 million, or $0.32 diluted earnings per share, an increase of $0.08 from the prior quarter. Core net income (adjusted only for acquisition expenses) was $33.1 million, or $0.33 diluted earnings per share.Core earnings per share increased $0.09 from the previous quarter and $0.12 from... More