First Commonwealth Financial Q4 Profit Up

(RTTNews) - First Commonwealth Financial Corp. (FCF) Wednesday reported fourth-quarter profit of $9.3 million or $0.10 per share, up from $8.7 million or $0.09 per share in the same period last year.

Analysts, based on consensus, expected the company to earn $0.08 per share for the quarter. Analysts' estimates typically exclude special items.

Net-interest income dropped 2 percent to $47.3 million from $48.22 million last year. Net-interest margin was 3.35 percent, compared to 3.57 percent last year. Non-interest income totaled $13.26 million, down from $14.10 million last year.