First Commonwealth Financial saw third-quarter profit jump 61 percent to $15.9 million from $9.8 million a year earlier as the Indiana, Pa.-based bank set aside less money to cover bad loans.
Per-share earnings were 16 cents versus 9 cents.
Net interest income, essentially profit on loans, edged up 1 percent in the quarter to $47.2 million, while non-interest income slipped 4 percent to $17.1 million.
The provision for loan losses was $2.7 million, down from $6.8 million last year.
Top executives were set to discuss results in a conference call with analysts at 2 p.m.
Patricia Sabatini: firstname.lastname@example.org or 412-263-3066.