First Commonwealth declares quarterly dividend of 13c per share

First Commonwealth Financial Corporation declared a common stock quarterly dividend of 13c per share, which represents a 4% increase from the second quarter of 2023. The cash dividend is payable on August 16 to shareholders of record as of August 2, 2024. This dividend represents a 3.1% projected annual yield utilizing the July 22 closing market price of $16.62. First Commonwealth’s capital ratios for Total, Tier I, Leverage and Common Equity Tier I at June 30, 2024 were 14.2%, 12.5%, 10.2% and 11.7%, respectively. First Commonwealth’s current capital levels exceed the fully phased-in Basel III capital requirements issued by U.S. bank regulators.