First Commonwealth Q3 net income $34.1M, EPS $0.36; declares $0.115 dividend, $25M buyback

FIRST COMMONWEALTH FINANCIAL CORP /PA/

2021-Q3 EPS reported $1.08

Q3 2021 net income $34.1M, diluted EPS $0.36, up from $19.2M ($0.20) in Q3 2020.
Core diluted EPS $0.36 vs $0.24 YoY, driven by lower provision expense ($330K vs $11.2M).
Net interest margin (FTE) expanded to 3.23% from 3.11% a year ago.
Declared quarterly cash dividend of $0.115 per share and authorized a new $25M share repurchase program.

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