First Commonwealth Earnings Reports

First Commonwealth Financial Corporation reported a net income of $32.7 million and diluted earnings per share of $0.32 for the first quarter of 2025. This represents a decrease from both the prior quarter and the first quarter of 2024. The company's core pre-tax pre-provision net revenue also decreased, primarily due to a decrease in noninterest income. Despite this, the net interest margin increased, and the company maintained strong capital positions, including an authorized increase in its quarterly cash dividend.

First Commonwealth Financial Corporation reported a net income of $35.8 million and diluted earnings per share of $0.35 for Q4 2024. Core pre-tax pre-provision net revenue totaled $51.4 million. The company's average deposits increased, and total loans also saw a rise, driven by growth in Equipment Finance and Commercial Real Estate portfolios.

First Commonwealth Financial Corporation reported a net income of $32.1 million, or $0.31 per share, for Q3 2024. The results reflect a decrease compared to the prior quarter and the third quarter of 2023. The company's core pre-tax pre-provision net revenue totaled $50.9 million, also down from the previous quarter and year-ago quarter.

First Commonwealth Financial Corporation reported a net income of $37.1 million and diluted earnings per share of $0.36 for the second quarter of 2024. Core pre-tax pre-provision net revenue totaled $54.4 million. Net interest income (FTE) was $95.3 million, and noninterest income (excluding securities gains and losses) reached $25.2 million.

First Commonwealth Financial Corporation reported a net income of $37.5 million and diluted earnings per share of $0.37 for Q1 2024. The bank's board authorized a 4.0% increase in the quarterly cash dividend to shareholders.

First Commonwealth Financial Corporation announced record net income of $44.8 million and diluted earnings per share of $0.44 for Q4 2023. Total loans increased by $63.7 million, driven by growth in the Equipment Finance and Commercial Construction portfolios, while average deposits increased by $37.3 million. The company's strong capital position was highlighted by a Bank-level Common Equity Tier 1 Capital ratio of 11.0%.

First Commonwealth Financial Corporation reported a net income of $39.2 million, or $0.38 per share, for the third quarter of 2023. The company saw an increase in average deposits and end-of-period deposits, along with a rise in net interest income and noninterest income. Asset quality remained strong, with a decrease in total classified loans. The company's capital and liquidity positions remained robust.

First Commonwealth Financial Corporation reported a strong second quarter in 2023, with net income of $42.8 million and diluted earnings per share of $0.42. The company saw increases in core pre-tax pre-provision net revenue and total loans, driven by commercial loan growth. Deposit levels also increased, and the company's asset quality remained solid.

First Commonwealth Financial Corporation reported a net income of $30.2 million and diluted earnings per share of $0.30 for Q1 2023. The quarter's results were impacted by merger-related expenses from the acquisition of Centric Financial Corporation. Core pre-tax pre-provision net revenue totaled $54.5 million.

First Commonwealth Financial Corporation announced strong financial results for Q4 2022, with net income of $35.7 million and diluted earnings per share of $0.38. Record core pre-tax pre-provision net revenue totaled $55.3 million, and total loans increased by $291.3 million. The net interest margin increased to 3.99%.

First Commonwealth Financial Corporation announced net income of $34.0 million, with diluted earnings per share totaling $0.36. Core pre-tax pre-provision net revenue totaled $48.9 million, demonstrating an increase of $6.5 million from the prior quarter and an increase of $5.9 million from the third quarter of 2021. Total loans (excluding Paycheck Protection Program (PPP) loans) increased $238.1 million, or 13.3% annualized from the previous quarter.

First Commonwealth Financial Corporation reported a net income of $30.8 million and diluted earnings per share of $0.33 for Q2 2022. The company experienced growth in core pre-tax pre-provision net revenue and positive operating leverage, driven by loan growth and an increase in net interest income.

First Commonwealth Financial Corporation reported net income of $27.7 million and diluted earnings per share of $0.29 for the first quarter of 2022. The company experienced strong loan growth and solid financial results, with annualized loan growth of 8.8%. The Board of Directors authorized a 4.3% increase in the quarterly cash dividend to shareholders.

First Commonwealth Financial Corporation reported a net income of $34.8 million and diluted earnings per share of $0.37 for Q4 2021. Total loans (excluding PPP loans) increased by $186.1 million, or 11.2% annualized, from the previous quarter. The core efficiency ratio was 57.06% during the fourth quarter of 2021.

First Commonwealth Financial Corporation announced strong third-quarter results, with net income reaching $34.1 million, or $0.36 per share. The company saw growth in loans (excluding PPP), net interest income, and noninterest income. They also declared a quarterly dividend and authorized a $25 million share repurchase program.

First Commonwealth Financial Corporation reported a net income of $29.6 million and diluted earnings per share of $0.31 for the second quarter of 2021. The company experienced loan growth, an increase in net interest income, and a decrease in noninterest expense.

First Commonwealth Financial Corporation reported a strong first quarter with net income of $39.8 million, driven by positive operating leverage and improved asset quality trends. The company also increased its quarterly dividend by 4.5%.

First Commonwealth Financial Corporation reported a net income of $25.7 million and diluted earnings per share of $0.27 for Q4 2020. Core pre-tax pre-provision net revenue was $40.4 million. The company's net interest margin was 3.26%.

First Commonwealth Financial Corporation reported net income of $19.2 million and diluted earnings per share of $0.20 for the third quarter of 2020. Core pre-tax pre-provision net revenue was $41.1 million, and the core efficiency ratio improved to 54.5%.

First Commonwealth Financial Corporation reported a net income of $23.9 million, or $0.24 per share, for the second quarter of 2020. The company's performance was driven by an increase in average interest-earning assets and improved mortgage gain on sale.

First Commonwealth Financial Corporation reported a net income of $4.7 million, or $0.05 per share, for the first quarter of 2020. The results reflect good fundamental performance, but were materially impacted by the extraordinary changes in the economic environment due to COVID-19, resulting in a significant reserve build of $27.4 million.

First Commonwealth Financial Corporation reported a net income of $26.8 million, or $0.27 diluted earnings per share, for the quarter ended December 31, 2019. Total revenue grew by 6.6% from the prior year quarter, and the company completed its acquisition of 14 former Santander branches.