News & Events zu First Commonwealth Financial Corp (FCF)FCFFirst Commonwealth Financial Corp

First Commonwealth Reports Q2 Revenue of $139.51M

Reports Q2 revenue $139.51M, consensus $137.54M. Reports Q2 tangible book value per share $11.58. Reports Q2 CET1 capital ratio 12.6%. "The momentum we generated during the second quarter reinforces our confidence in First Commonwealth's long-term outlook," stated T. Michael Price, President and Chief Executive Officer. "We successfully balanced profitable loan growth with disciplined funding costs, supporting continued margin expansion and meaningful earnings growth. While the economic environment remains dynamic, we believe our strong capital position, diversified revenue streams, focus on operating leverage, and regionally led business model positions us to continue creating value for our stakeholders."

Company Reports Q1 Revenue of $133.69M, Below Consensus

Reports Q1 revenue $133.69M, consensus $134.32M. Reports Q1 tangible book value per share $11.34. Reports Q1 CET1 capital ratio 12.5%. Reports Q1 net charge-offs .35%. "Despite some credit headwinds, we were pleased to see our capital and liquidity strengthen during the quarter, supported by a strong net interest margin, and stable seasonally-adjusted fee income," said T. Michael Price, president and CEO. "Organic loan growth was muted, reflecting elevated payoffs, but overall origination and credit trends remain well-managed. Looking ahead, we are confident in our positioning across our core businesses, and expect continued momentum as we progress through the year."

First Commonwealth Declares Quarterly Dividend of 14 Cents per Share

First Commonwealth declared a common stock quarterly dividend of 14c per share, which represents a 3.7% increase from the previous quarter. The cash dividend is payable on May 22 to shareholders of record as of May 8. This dividend represents a 3% projected annual yield utilizing the April 27 closing market price of $18.64.