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First Commonwealth Financial: 4Q Earnings Snapshot

INDIANA, Pa. (AP) _ First Commonwealth Financial Corp. (FCF) on Tuesday reported fourth-quarter profit of $27 million.

The bank, based in Indiana, Pennsylvania, said it had earnings of 27 cents per share.

The results topped 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 $85.6 million, which also beat Street forecasts. Four analysts surveyed by Zacks expected $84.9 million.

For the year, the company reported profit of $107.5 million, or $1.08 per share. Revenue was reported as $340.9 million.

First Commonwealth Financial shares have climbed 12 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $13.51, a drop of nearly 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