First Commonwealth Q3 EPS $0.38, down from $0.42 in Q2; dividend held at $0.125

FIRST COMMONWEALTH FINANCIAL CORP /PA/

2023-Q3 EPS reported $1.10

Net income Q3 2023 $39.2M ($0.38 diluted EPS) vs Q2 $42.8M ($0.42 EPS) and Q3 2022 $34.0M ($0.36).
Net interest margin (FTE) 3.76% (Q2: 3.85%); core efficiency ratio 53.42% (Q2: 52.80%).
Provision for credit losses rose to $5.9M from $2.8M in Q2; net charge-offs fell to $4.0M from $8.7M.
Quarterly cash dividend of $0.125 per share declared, unchanged sequentially.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST COMMONWEALTH FINANCIAL CORP /PA/ reported the three and nine month periods ended September 30, 2023 results: net income $39,231, EPS $0.38.

Period: the three and nine month periods ended September 30, 2023
Net income: $39,231
EPS: $0.38
Result: reported results

Exact text from the filing

On October 24, 2023, First Commonwealth Financial Corporation (the “Company”) issued a press release announcing financial results for the three and nine month periods ended September 30, 2023.

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FIRST COMMONWEALTH FINANCIAL CORP /PA/ filing history →

Source: SEC EDGAR

accession 0000712537-23-000106

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