First Commonwealth Announces Second Quarter 2019 Earnings; Declares Quarterly Dividend
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First Commonwealth Financial (FCF) Tops Q2 EPS by 1c
July 23, 2019 5:02 PM EDTFirst Commonwealth Financial (NYSE: FCF) reported Q2 EPS of $0.28, $0.01 better than the analyst estimate of $0.27.
Earnings
Second quarter net income was $27.3 million, or $0.28 diluted earnings per share, an increase of $0.03 from the prior quarter.Total revenue grew $4.7 million, or 5.5% from the prior quarter.Noninterest income grew $3.0 million, or 16.1% from the prior quarter.Net interest income (FTE) increased $1.6 million, or 2.5% from the prior quarter.Total noninterest expense increased $2.5 million, or 5.0% from the previous quarter, and includes $1.1 million in losses and... More