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First Commonwealth Financial: 3Q Earnings Snapshot

·1 min read

INDIANA, Pa. (AP) _ First Commonwealth Financial Corp. (FCF) on Tuesday reported third-quarter earnings of $19.2 million.

The bank, based in Indiana, Pennsylvania, said it had earnings of 20 cents per share. Earnings, adjusted for non-recurring costs, were 24 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The financial holding company posted revenue of $100.4 million in the period. Its revenue net of interest expense was $93.1 million, also topping Street forecasts. Four analysts surveyed by Zacks expected $91.6 million.

First Commonwealth Financial shares have declined 40% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.67, a decrease of 38% in the last 12 months.

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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