earnings
confidence high
sentiment positive
materiality 0.65
First Commonwealth reports Q4 2023 EPS $0.44; declares $0.125 dividend
FIRST COMMONWEALTH FINANCIAL CORP /PA/
2023-FY EPS reported
$1.54
- Q4 2023 net income $44.8M ($0.44 diluted EPS); full-year net income $157.1M ($1.54 diluted EPS).
- Core diluted EPS $0.44 for Q4, $1.70 for full year 2023; core ROAA 1.56%.
- Quarterly cash dividend of $0.125 per share declared, payable on Feb. 23, 2024.
- Net interest margin (FTE) 3.65% in Q4 vs 3.76% in Q3; core efficiency ratio 53.00%.
- Full-year revenue growth driven by higher net interest income; provision expense declined to $14.8M from $21.1M.