The latest announcement is out from First Commonwealth ( (FCF) ).
First Commonwealth Financial Corporation reported third-quarter 2024 earnings with a net income of $32.1 million and a diluted earnings per share of $0.31, reflecting a decrease from the prior quarter and the same period last year. Despite a $33.4 million drop in total loans, the company saw a significant rise in deposits, which grew by $336.6 million, or 14.2% on an annualized basis. A cash dividend of $0.13 per share was also declared, appealing to investors seeking steady returns amidst shifting loan and deposit dynamics.
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