First Commonwealth Q2 EPS $0.33, NIM expands to 3.38%; declares $0.12 dividend

FIRST COMMONWEALTH FINANCIAL CORP /PA/

2022-Q2 EPS reported $0.62

Reported net income of $30.8M, diluted EPS $0.33, up from $0.29 in Q1 2022 and $0.31 a year ago.
Net interest margin (FTE) improved to 3.38% from 3.19% in Q1 2022 and 3.17% in Q2 2021.
Provision for loan losses increased to $4.1M from $2.0M in Q1 2022, with a reserve build of $2.4M.
Core efficiency ratio improved to 55.87% from 59.47% in Q1 2022.
Board declared a quarterly cash dividend of $0.12 per share, payable August 26, 2022 to holders of record August 12, 2022.

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