First Commonwealth Financial Q2 EPS Beats as Revenues Meet Views

First Commonwealth Financial said Wednesday its Q2 adjusted diluted earnings were $0.21 per share, up from $0.14 per share a year ago. Analysts polled by Capital IQ had expected earnings of $0.19 per share. The company reported revenue, as a combination of net interest income and non-interest income, of $76.7 million, compared with $64.6 million in the same period a year ago, which was about in line with the $76.9 million mean estimate.

The company noted that total assets grew $574 million compared to the prior quarter following the completion of the acquisition of DCB Financial Corp. in Lewis Center, Ohio on April 3. First Commonwealth Financial approved an unchanged quarterly dividend of $0.08 per share, which is payable on Aug. 18 to shareholders of record as of Aug. 7.

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