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%.
Net income of $19.2 million and diluted earnings per share of $0.20.
Core net income of $23.8 million and diluted earnings per share of $0.24.
Core pre-tax pre-provision net revenue was $41.1 million.
Core efficiency ratio improved to 54.5%.
The Company has implemented a profitability initiative termed “Project Thrive” with the goal of growing its business, maintaining adequate capital, protecting against further NIM compression and reducing operating expenses.
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