First Commonwealth Financial Corporation: A Safe Dividend To Add To The Portfolio

First Commonwealth Financial Corp. (NYSE: FCF) is showing solid income. Headquartered out of Indiana PA, the $6.4 billion dollar bank has had an excellent stock performance over the past couple years. They are a fairly conservative run business, and that's okay considering their nice 3% dividend. Revenues have been relatively unchanged through the past few quarters while net income has increased as a whole. FCF Revenue31-Mar-1531-Dec-1430-Sep-146/30/2014 Total Revenue$65,276,000.00$64,307,000.00$66,139,000.00$67,168,000.00 % Change Revenue2%-3%-2% Net Income$14,221,000.00$7,729,000.00$12,496,000.00$11,928,000.00 % Change Net Income84%-38%5% Earnings per share for the first quarter are up 23% from the year prior. Where did this increase come from? The company cited improving net interest income as a key part of their improved earnings. It increased by $1million over Q1. Non interest income also improved for First Commonwealth by 5.2%. The return on average shareholders equity of 8.03% for Q1, was almost a 4% increase from December 31, 2014. Annual Earnings Per-Share FCF3/31/20153/31/20143/31/20133/31/2012 EPS (GAAP-included)$0.16$0.13$0.11$0.11 % Change23%18%0% Aside from the stock being up a decent 24% over two years, the best thing about this company is the dividend. With a P/E of 18.2, you can get the 3% yield without paying a huge premium for the stock. $1.3billion in cash also keeps the firm in a comfortable financial position. (Source: Nasdaq.com)First Commonwealth is... Read more

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