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Highlights Net income during the first quarter of 2024 increased $267 thousand, or 18.1%, to $1.7 million, or $0.49 per diluted share, from $1.5 million, or $0.41 per diluted share, in the 2023...
INDIANA, Pa., April 23, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) today announced financial results for the first quarter of 2024. Financial Summary (dollars in thousands,For the Three Months Endedexcept per share data)March 31, December 31, March 31, 2024 2023 2023 Reported Results Net income$37,549 $44,827 $30,224 Diluted earnings per share$0.37 $0.44 $0.30 Return on average assets 1.31% 1.56% 1.17%Return on average equity 11.40% 14.11% 10.56% Operating Resu
Details on Financial Performance and Strategic Initiatives
Steady Growth and Operational Discipline Drive Performance
Record Assets and Loan Growth Offset by Increased Cost of Funds and Lower Net Income