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FIRST COMMONWEALTH REPORTS RECORD EARNINGS FOR FOURTH QUARTER AND YEAR

 INDIANA, Pa., Jan. 20 /PRNewswire/ -- E. James Trimarchi, chairman, president and chief executive officer of First Commonwealth Financial Corporation (NYSE: FCF), today announced earnings records for the Indiana-based multi-bank holding company.
 Earnings per share for the fourth quarter were up 33 percent over the same period last year while record earnings of $19.2 million for the year equaled $2.31 per share, a 19 percent increase over 1991. Return on average assets (ROA) was 1.28 percent for the year while return on average equity (ROE) equaled 13.21 percent. During the year, the company experienced asset growth of 23 percent due partially to an acquisition in April.
 According to Trimarchi, "Results for the fourth quarter were outstanding, culminating another very successful year for First Commonwealth. These exceptional numbers include the impact of the acquisition of Central Bank of Hollidaysburg, Pa.; the underlying strength of our performance is highlighted by the increases in such key ratios as return on average assets, return on average equity and earnings per share."
 First Commonwealth Financial Corporation, a $1.6 billion central, western Pennsylvania multi-bank holding company, is traded on the New York Stock Exchange using the symbol FCF. It operates through 62 community offices of its six partner banks: National Bank of the Commonwealth, Indiana; Deposit Bank, DuBois, Pa.; Cenwest National Bank, Johnstown, Pa.; First National Bank of Leechburg; Peoples Bank and Trust, Jennerstown, Pa.; and Central Bank, Hollidaysburg. The corporation also owns Commonwealth Systems Corporation, a data processing subsidiary, and First Commonwealth Trust Company, a financial services subsidiary, both headquartered in Indiana. It jointly owns Commonwealth Trust Credit Life Insurance Company, a credit life reinsurance company.
 FIRST COMMONWEALTH FINANCIAL CORPORATION
 Financial Highlights
 At Dec. 31 ($000) 1992 1991 Pct. Change
 Assets $1,632,867 $1,330,972 23
 Deposits 1,405,763 1,146,288 23
 Net loans 881,328 714,172 23
 Shareholders' equity 155,587 127,294 22
 Quarter Ended Dec. 31 1992 1991 Change
 Net income ($000) $5,167 $3,517 47 pct.
 Earnings per share $ 0.60 $0.45 33 pct.
 Return on average assets 1.28 pct. 1.06 pct. 22 basis points
 Return on average equity 13.20 pct. 11.02 pct. 218 basis points
 12 Months Ended Dec. 31 1992 1991 Change
 Net income ($000) $19,185 $15,054 27 pct.
 Earnings per share $ 2.31 $ 1.94 19 pct.
 Return on average assets 1.28 pct. 1.20 pct. 8 basis points
 Return on average equity 13.21 pct. 12.28 pct. 93 basis points
 -0- 1/20/93
 /CONTACT: George E. Dash, senior vice president of First Commonwealth Financial Corporation, 412-349-7220/
 (FCF)


CO: First Commonwealth Financial Corporation ST: Pennsylvania IN: FIN SU: ERN

CD-IH -- PG011 -- 7047 01/20/93 16:06 EST
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Publication:PR Newswire
Date:Jan 20, 1993
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