First Commonwealth reports Q4 EPS 38c, consensus 43c

Reports Q4 revenue $112.63M, consensus $113.4M. "Our results for the quarter were strong, resulting in a record 2.28% Core Pre-Tax, Pre-Provision ROAA and a healthy 1.51% Core ROAA," stated T. Michael Price, president and CEO. "Loans grew by 15.7% annualized in the fourth quarter, with broad-based production in all of our regions as well as our commercial and consumer portfolios." Price continued, "As we look to the year ahead, we are excited about the integration of Centric Bank into our franchise as well as the opportunities that exist with an enhanced presence in their markets. In addition, our de novo Equipment Finance business is on pace to contribute meaningfully to our growth and augment our commercial lending business. And our ongoing investments in talent, technology and our regional business model continue to position us well – all to the benefit of our clients, employees, communities and shareholders."