First Commonwealth Financial Reveals 24% Increase In Q3 Profit

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

The company said its bottom line advanced to $21.34 million, or $0.22 per share. This was higher than $17.27 million, or $0.19 per share, in last year's third quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 19.0% to $80.37 million. This was up from $67.56 million last year.

First Commonwealth Financial earnings at a glance:

-Earnings (Q3): $21.34 Mln. vs. $17.27 Mln. last year. -Earnings Growth (Y-o-Y): 23.6% -EPS (Q3): $0.22 vs. $0.19 last year. -EPS Growth (Y-o-Y): 15.8% -Analysts Estimate: $0.20 -Revenue (Q3): $80.37 Mln vs. $67.56 Mln last year. -Revenue Change (Y-o-Y): 19.0%