First Commonwealth Financial dips after Q3 profit miss

First Commonwealth Financial

25/10/2023 15:55

** Shares of First Commonwealth Financial  FCF.N  fall 4.1%
to $11.40
    ** After market close on Tuesday, the Indiana,
Pennsylvania-based bank reported core Q3 profit of 39 cents/shr
vs avg. analyst estimate of 40 cents/shr, according to LSEG IBES
data
    ** Q3 net interest margin flat on increased funding costs,
as the lender had to pay higher interests on deposits 
    ** Up to last close, FCF stock was down 14.89% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))