First Commonwealth Announces Second Quarter 2024 Earnings; Declares Quarterly Dividend

Financial Summary Second Quarter 2024 Highlights Profitability Asset quality On June 1, 2024, the Bank retired $50 million of variable rate subordinate corporate debentures that were included in Tier II regulatory capital. This action reduced the Bank's Total Risk Based Capital by approximately 44 basis points; however, the actual Total Capital Ratio decreased by only eight basis points from the previous quarter due to strong organic capital generation The Bank-level Total Capital ratio was 13.1% at June 30 ...