First Commonwealth Financial Corp reports results for the quarter ended March 31 - Earnings Summary

• First Commonwealth Financial Corp FCF.N reported quarterly adjusted earnings of 32 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 37 cents. The mean expectation of seven analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from 31 cents to 33 cents per share.

• Revenue rose 1.5% to $118.02 million from a year ago; analysts expected $117.50 million.

• First Commonwealth Financial Corp's reported EPS for the quarter was 32 cents​.

• The company reported quarterly net income of $32.7 million.

• First Commonwealth Financial Corp shares had fallen by 1.5% this quarter and lost 9.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for First Commonwealth Financial Corp is $19.00

This summary was machine generated from LSEG data April 29 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)