earnings
confidence high
sentiment neutral
materiality 0.60
First Commonwealth Q3 EPS $0.36 ($0.37 core); NIM expands to 3.76%; dividend $0.12
FIRST COMMONWEALTH FINANCIAL CORP /PA/
2022-Q3 EPS reported
$0.98
- Net income of $34.0M, diluted EPS $0.36; core EPS $0.37 (non-GAAP).
- Net interest margin (FTE) rose to 3.76% from 3.38% in Q2 2022 and 3.23% a year ago.
- Provision for credit losses increased to $5.9M vs $4.1M in Q2 and $0.3M in Q3 2021.
- Core pre-tax pre-provision net revenue was $48.9M, up from $42.9M a year ago.
- Quarterly cash dividend of $0.12 per share declared.