First Commonwealth Financial Reports 31% Rise In Q1 Bottom Line

(RTTNews) - First Commonwealth Financial (FCF) reported earnings for its first quarter that rose compared to the same period last year.

The company said its bottom line totaled $16.29 million, or $0.18 per share. This was higher than $12.47 million, or $0.14 per share, in last year's first quarter.

Analysts had expected the company to earn $0.17 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 90.4% to $6.09 million. This was down from $63.46 million last year.

First Commonwealth Financial earnings at a glance:

-Earnings (Q1): $16.29 Mln. vs. $12.47 Mln. last year. -Earnings Growth (Y-o-Y): 30.6% -EPS (Q1): $0.18 vs. $0.14 last year. -EPS Growth (Y-o-Y): 28.6% -Analysts Estimate: $0.17 -Revenue (Q1): $6.09 Mln vs. $63.46 Mln last year. -Revenue Change (Y-o-Y): -90.4%