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First Commonwealth Financial: 1Q Earnings Snapshot

INDIANA, Pa. (AP) _ First Commonwealth Financial Corp. (FCF) on Tuesday reported first-quarter net income of $24.6 million.

The Indiana, Pennsylvania-based bank said it had earnings of 25 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The financial holding company posted revenue of $98.5 million in the period. Its revenue net of interest expense was $84.4 million, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $85.5 million.

First Commonwealth Financial shares have increased nearly 10 percent since the beginning of the year. The stock has fallen slightly more than 8 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FCF at https://www.zacks.com/ap/FCF