First Commonwealth Finl

First Commonwealth Financial reported net income of $44.6 million ($0.44 per diluted share) for the second quarter of 2026, an increase versus the prior quarter and the prior year. Net interest income rose to $112.8 million and the net interest margin widened to 4.01%. Loan balances reached $9.47 billion with a loan-to-deposit ratio of 92.7%. The provision for credit losses was $8.9 million, nonperforming loans declined, and the core efficiency ratio improved to 52.24%. The board approved a quarterly dividend of $0.14 per share and an additional $75.0 million share repurchase program; during the quarter 645,695 shares were already repurchased at an average price of $18.66. » Mere på de.investing.com

First Commonwealth reported Q1 2026 EPS of $0.37 (forecast $0.40) and revenue of $133.56 million (forecast $134.32 million). The stock fell about 1.45% according to reports but showed a slight recovery in premarket trading. Deposits and the loan-to-deposit ratio improved, while nonperforming loans increased and credit loss provisions rose; net interest margin also declined. Management reiterated growth plans in mortgage lending and small business banking and set EPS targets of $1.79 for 2026 and $1.95 for 2027. » Mere på de.investing.com

First Commonwealth reported Q1 2026 core earnings per share of $0.37, missing the $0.40 consensus, hurt by a sequential compression of the net interest margin to 3.92% and higher operating expenses. Revenue was slightly below expectations at $133.56 million, and the cost-income ratio deteriorated to 55.4%. The bank continues to emphasize a strong capital position (tangible common equity 9.7%) and high liquidity (available funds $5.9 billion), as well as ongoing shareholder engagement through a dividend increase and a new $25 million share buyback authorization. » Mere på de.investing.com