secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMONWEALTH FINANCIAL CORP /PA/ (FCF)
CIK:        0000712537
Form:       8-K
Filed at:   2022-07-26T23:59:59+00:00
Accession:  0000712537-22-000031
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712537/000071253722000031/0000712537-22-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712537/000071253722000031/fcf-20220726.htm
  HTML page:      https://secwatch.observer/filing/0000712537-22-000031

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