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FIRST COMMONWEALTH REPORTS RECORD EARNINGS

 FIRST COMMONWEALTH REPORTS RECORD EARNINGS
 INDIANA, Pa., Oct. 14 /PRNewswire/ -- E. James Trimarchi, chairman,


president and chief executive officer of First Commonwealth Financial Corporation (NYSE: FCF), today announced record nine months earnings for the Indiana-based multi-bank holding company.
 Net income for the nine months was $14.0 million, a 22 percent increase over the same period last year, and included third quarter net income of $4.6 million, a 13 percent increase. Earnings per share for the nine-month period were $1.71, up 15 percent over the $1.49 earned the same period last year. Return on average assets and return on average equity for the nine months were 1.27 percent and 13.21 percent, respectively. These results include a settlement of a long-pending lending liability claim against a First Commonwealth subsidiary bank. According to Trimarchi, "I am pleased to be able to report continued financial success and have every expectation that the fourth quarter will be excellent as well."
 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; Cenwest National Bank, Johnstown; First National Bank of Leechburg; Peoples Bank and Trust, Jennerstown; 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 Sept. 30 ($000) 1992 1991 Pct. Change
 Assets $1,604,144 $1,302,065 23
 Deposits 1,366,381 1,137,705 20
 Net loans 862,534 686,797 26
 Shareholders' equity 152,298 124,736 22
 Quarter Ended Sept. 30 1992 1991 Pct. Change
 Net income ($000) $4,608 $4,074 13
 Earnings per share $ 0.54 $ 0.52 4
 Nine Months Ended Sept. 30 1992 1991 Pct. Change
 Net income ($000) $14,018 $11,537 22
 Earnings per share $ 1.71 $ 1.49 15
 -0- 10/14/92
 /CONTACT: George E. Dash, senior vice president of First Commonwealth Financial, 412-349-7220/
 (FCF) CO: First Commonwealth Financial Corporation ST: Pennsylvania IN: FIN SU: ERN


CD-CC -- PG006 -- 0041 10/14/92 16:10 EDT
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Publication:PR Newswire
Date:Oct 14, 1992
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