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First Commonwealth Financial's Q1 Core Earnings, Revenue Decline; Quarterly Dividend Raised
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First Commonwealth Financial's Q1 Core Earnings, Revenue Decline; Quarterly Dividend Raised
Apr 23, 2024 6:41 AM

09:11 AM EDT, 04/23/2024 (MT Newswires) -- First Commonwealth Financial ( FCF ) reported Q1 core earnings Tuesday of $0.37 per diluted share, down from $0.45 a year earlier.

Analysts polled by Capital IQ expected $0.36.

Revenue for the quarter ended March 31, expressed as the sum of net interest income and total noninterest income, was $116.3 million, compared with $117.3 million a year earlier.

Analysts surveyed by Capital IQ expected $120 million.

The company said it raised the quarterly dividend by 4% to $0.13 per share, payable May 17 to shareholders of record May 3.

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