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First Commonwealth Financial lifts quarterly dividend

Indiana, Pa.-based First Commonwealth Financial Corp., parent of First Commonwealth Bank, increased its quarterly dividend to 8 cents per share, higher than the previous dividend of 7 cents per share.

The dividend is payable Feb. 17 to shareholders of record as of Feb. 6.

In an earnings release, the company disclosed fourth-quarter 2016 net income of $17.9 million, or 20 cents per share, as compared to $10.1 million, or 11 cents per share, in the year-ago period.