First Commonwealth Financial Corp reports results for the quarter ended June 30 - Earnings Summary

• First Commonwealth Financial Corp FCF.N reported quarterly adjusted earnings of 32 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 36 cents. The mean expectation of six analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 27 cents to 36 cents per share.

• Revenue rose 9.9% to $130.99 million from a year ago; analysts expected $125.88 million.

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

• The company reported quarterly net income of $33.4 million.

• First Commonwealth Financial Corp shares had risen by 0.5% this quarter and lost 3.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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," 3 "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 $18.00, about 10.7% above its last closing price of $16.07

This summary was machine generated from LSEG data July 29 at 09:37 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)