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AI brief of an SEC Form 8-K · First Commonwealth Financial (FCF)

First Commonwealth Q3 net income falls to $32.1 million, or $0.31 per share

Negative Impact 3 of 5 earnings Written later

First Commonwealth Financial reported third quarter 2024 net income of $32.1 million, or $0.31 per diluted share, down from $37.1 million, or $0.36 per share, in the second quarter and $39.2 million, or $0.38 per share, a year earlier. The company also declared a quarterly dividend of $0.13 per share, payable November 22, 2024, to holders of record on November 8, 2024. Higher credit provision and noninterest expense weighed on results, which lowers per-share earnings for shareholders.

Key points

  • Net income of $32.1 million and diluted EPS of $0.31, versus $0.36 in the second quarter of 2024 and $0.38 in the third quarter of 2023
  • Provision for credit losses of $10.6 million, up from $7.8 million in the second quarter; nonperforming loans rose to $74.7 million
  • Noninterest expense of $70.1 million, up from $65.8 million in the second quarter of 2024
  • Quarterly dividend of $0.13 per share, up from $0.125 a year earlier, payable November 22, 2024

The filing

CompanyFirst Commonwealth Financial (FCF)
Form8-K, current report
Filed with the SECOct 29, 2024, 5:18 PM ET
Accession number0000712537-24-000119

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:55 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.