First Commonwealth Financial (FCF) Releases Earnings Results, Misses Expectations By $-0.01 EPS

First Commonwealth Financial (FCF) reported quarterly earnings results on Tuesday, Apr-26-2016. The company reported $0.14 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.15. The company posted revenue of $62.51 million in the period, compared to analysts expectations of $63.48 million. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

First Commonwealth Financial opened for trading at $9.17 and hit $9.29 on the upside on Friday, eventually ending the session at $9.29, with a gain of 1.31% or 0.12 points. The heightened volatility saw the trading volume jump to 3,43,792 shares. Company has a market cap of $826 M.

In a different news, on Apr 7, 2016, Luke A Latimer (director) purchased 1,112 shares at $8.89 per share price. According to the SEC, on Sep 8, 2015, Gary R Claus (director) purchased 2,500 shares at $8.68 per share price. On Aug 27, 2015, Matthew C Tomb (EVP/Chief Risk Officer) purchased 1,000 shares at $8.60 per share price, according to the Form-4 filing with the securities and exchange commission.

First Commonwealth Financial Corporation is a financial holding company which provides an array of consumer and commercial banking services. The Company provides trust and wealth management services through its subsidiary First Commonwealth Bank and insurance products through First Commonwealth Insurance Agency Inc. Its consumer services include Internet mobile and telephone banking an automated teller machine network personal checking accounts interest-earning checking accounts savings accounts insured money market accounts debit cards investment certificates fixed and variable rate certificates of deposit secured and unsecured installment loans construction and real estate loans safe deposit facilities credit lines and IRA accounts. Its commercial banking services include commercial lending business checking accounts online account management services ACH origination payroll direct deposit commercial cash management services and repurchase agreements.

First Commonwealth Financial

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