First Commonwealth Financial Q2 Profit Rises, Beats View - Quick Facts

(RTTNews) - First Commonwealth Financial Corp. (FCF) reported an increase in profit for the second quarter from last year on higher revenues. Core earnings per share for the quarter beat analysts' estimates.

The company's second-quarter net income was $14.01 million, up from $12.01 million in the year-ago period. However, earnings per share were flat with the year-ago quarter at $0.14.

Core earnings per share for the quarter were $0.21, compared to $0.14 per share in the prior-year quarter.

Net interest income rose to $58.90 million from $50.03 million a year ago. Non-interest income increased to $18.90 million from $15.56 million in the year-ago period.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.19 per share for the quarter on revenues of $76.61 million. Analysts' estimates typically exclude special items.

First Commonwealth Financial declared a common stock quarterly dividend of $0.08 per share, which is payable on August 18, 2017 to shareholders of record as of August 7, 2017.