INDIANA, Pa. - First Commonwealth Financial Corp. reported record earnings for 1994 of $28.7 million, up 1.1% from last year.

This is the 12th consecutive year of higher earnings for the $2.3 billion-asset holding company.

The financial results also include substantial expenses due to the company's acquisition of United National Bancorp. and Reliable Financial Corp. at the end of the third quarter.

For the fourth quarter, First Commonwealth had net income of $9.4 million, up 30% from the fourth quarter of 1993.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.