First Commonwealth Financial Announces 11% Drop In Q2 Bottom Line

(RTTNews) - First Commonwealth Financial (FCF) reported a profit for second quarter that decreased compared to the same period last year.

The company said its earnings totaled $12.01 million, or $0.14 per share. This was lower than $13.45 million, or $0.15 per share, in last year's second quarter.

Analysts had expected the company to earn $0.16 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

First Commonwealth Financial earnings at a glance:

-Earnings (Q2): $12.01 Mln. vs. $13.45 Mln. last year. -Earnings Decline (Y-o-Y): -10.7% -EPS (Q2): $0.14 vs. $0.15 last year. -EPS Decline (Y-o-Y): -6.7% -Analysts Estimate: $0.16