First Commonwealth Financial (FCF) Reports In-Line Q4 EPS
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First Commonwealth Reports Fourth Quarter and Record Full Year 2018 Earnings; Increases Quarterly Dividend 11.1%
January 29, 2019 5:00 PM ESTINDIANA, Pa., Jan. 29, 2019 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) today announced financial results for the fourth quarter and full year 2018.
Full Year 2018 Highlights
Franchise Growth
The company successfully completed its acquisition of Foundation Bank located in the Cincinnati, Ohio metropolitan area on May 1, 2018, which included $184 million in loans and $141 million in deposits at close.Total loans grew $364 million, or 6.7% compared to the prior year including $180 million, or 3.3% in organic loan growth (excluding loans acquired from Foundation Bank).Average deposits... More