NYSE : FCF
First Commonwealth Financial Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 21.09 USD (Oct 30, 2026, 9:46 AM EDT) · Market cap 2.04B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 582.80M | 572.71M | 541.28M | 490.71M | 302.21M | 267.60M |
| Interest Income on Investments | 59.98M | 59.98M | 59.18M | 39.29M | 27.75M | 26.24M |
| Total Interest Income | 642.77M | 632.69M | 600.46M | 530.00M | 329.95M | 293.84M |
| Interest Paid on Deposits | 175.31M | 190.07M | 191.03M | 112.41M | 6.71M | 5.75M |
| Interest Paid on Borrowings | 16.53M | 16.53M | 30.54M | 31.92M | 11.02M | 9.55M |
| Total Interest Expense | 191.84M | 206.60M | 221.57M | 144.32M | 17.73M | 15.30M |
| Net Interest Income | 450.94M | 426.09M | 378.89M | 385.68M | 312.22M | 278.54M |
| Trust Income | 14.27M | 12.91M | 11.82M | 10.52M | 10.52M | 11.11M |
| Gain (Loss) on Sale of Assets | -1.84M | -654.00K | -451.00K | -204.00K | -343.00K | -303.00K |
| Gain (Loss) on Sale of Investments | -4.15M | -4.35M | -5.45M | -103.00K | 2.00K | 16.00K |
| Other Non-Interest Income | 52.12M | 51.31M | 55.43M | 54.06M | 57.23M | 55.96M |
| Total Non-Interest Income | 101.18M | 96.17M | 98.78M | 96.41M | 98.36M | 106.45M |
| Revenues Before Loan Losses | 552.12M | 522.26M | 477.67M | 482.08M | 410.59M | 385.00M |
| Provision for Loan Losses | 40.86M | 36.73M | 29.17M | 14.81M | 21.11M | -1.38M |
| Revenue | 511.26M | 485.53M | 448.50M | 467.27M | 389.48M | 386.37M |
| Salaries and Employee Benefits | 167.32M | 159.08M | 144.39M | 139.07M | 122.33M | 116.41M |
| Occupancy Expenses | 20.87M | 20.71M | 19.78M | 19.22M | 18.04M | 16.59M |
| Federal Deposit Insurance | 6.07M | 6.12M | 5.97M | 6.26M | 2.87M | 2.53M |
| Amortization of Goodwill & Intangibles | 5.50M | 5.50M | 5.02M | 4.98M | 3.20M | 3.50M |
| Selling, General & Administrative | 53.17M | 52.76M | 49.00M | 47.75M | 43.13M | 40.60M |
| Other Non-Interest Expense | 44.07M | 42.70M | 41.14M | 38.75M | 35.20M | 31.61M |
| Total Non-Interest Expense | 297.02M | 286.87M | 265.31M | 256.04M | 224.76M | 211.23M |
| EBT Excluding Unusual Items | 214.24M | 198.66M | 183.19M | 211.23M | 164.72M | 175.14M |
| Legal Settlements | -3.17M | -2.92M | -4.59M | -4.64M | -2.83M | -2.32M |
| Pretax Income | 210.62M | 191.36M | 178.21M | 197.56M | 160.19M | 172.82M |
| Income Tax Expense | 38.66M | 39.06M | 35.64M | 40.49M | 32.00M | 34.56M |
| Net Income | 171.96M | 152.30M | 142.57M | 157.06M | 128.18M | 138.26M |
| Net Income to Common | 171.96M | 152.30M | 142.57M | 157.06M | 128.18M | 138.26M |
| Basic Shares Outstanding | 101.54M | 103.22M | 101.91M | 101.56M | 93.61M | 95.58M |
| Diluted Shares Outstanding | 101.85M | 103.52M | 102.21M | 101.82M | 93.89M | 95.84M |
| EPS (Basic) | 1.69 | 1.48 | 1.40 | 1.55 | 1.37 | 1.45 |
| EPS (Diluted) | 1.68 | 1.47 | 1.39 | 1.54 | 1.37 | 1.44 |
| Dividend Per Share | 0.56 | 0.54 | 0.52 | 0.50 | 0.48 | 0.46 |
| Effective Tax Rate | 18.36% | 20.41% | 20.00% | 20.50% | 19.98% | 20.00% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 93.51M | 180.36M | 133.41M | 146.99M | 154.24M | 395.37M |
| Investment Securities | 34.50M | 176.16M | 183.74M | 184.64M | 107.04M | 111.88M |
| Trading Asset Securities | 9.67M | 41.57M | 32.67M | 50.74M | 26.80M | |
| Mortgage-Backed Securities | 1.60B | 1.43B | 1.44B | 1.33B | 1.14B | 1.49B |
| Total Investments | 1.63B | 1.62B | 1.66B | 1.55B | 1.29B | 1.63B |
| Gross Loans | 9.54B | 9.51B | 8.98B | 8.97B | 7.64B | 6.84B |
| Allowance for Loan Losses | -133.53M | -125.77M | -118.91M | -117.72M | -102.91M | -92.52M |
| Net Loans | 9.40B | 9.38B | 8.86B | 8.85B | 7.54B | 6.75B |
| Property, Plant & Equipment | 114.28M | 116.11M | 121.02M | 115.11M | 120.78M | |
| Goodwill | 378.21M | 363.71M | 363.71M | 303.33M | 303.33M | |
| Other Intangible Assets | 398.58M | 16.12M | 14.86M | 18.73M | 6.18M | 8.69M |
| Loans Held for Sale | 37.68M | 271.45M | 51.99M | 29.82M | 11.87M | 18.58M |
| Other Real Estate Owned & Foreclosed | 6.51M | 990.00K | 895.00K | 422.00K | 534.00K | 642.00K |
| Other Long-Term Assets | 624.60M | 381.13M | 378.56M | 377.08M | 356.50M | 313.68M |
| Total Assets | 12.20B | 12.34B | 11.58B | 11.46B | 9.81B | 9.55B |
| Interest Bearing Deposits | 7.80B | 7.45B | 6.97B | 6.51B | 5.27B | 5.27B |
| Institutional Deposits | 432.40M | 459.90M | 288.80M | 65.50M | 51.70M | |
| Non-Interest Bearing Deposits | 2.47B | 2.37B | 2.25B | 2.39B | 2.67B | 2.66B |
| Total Deposits | 10.27B | 10.25B | 9.68B | 9.19B | 8.01B | 7.98B |
| Short-Term Borrowings | 167.67M | 158.62M | 132.12M | 656.00M | 461.99M | 172.58M |
| Current Portion of Long-Term Debt | 127.83M | 799.00K | 769.00K | 740.00K | 712.00K | |
| Current Portion of Leases | 5.35M | |||||
| Long-Term Debt | 121.70M | 56.30M | 56.14M | 105.57M | 98.77M | 98.61M |
| Federal Home Loan Bank Debt, Long-Term | 1.73M | 129.55M | 3.35M | 4.12M | 4.86M | |
| Long-Term Leases | 41.00M | 48.98M | 54.22M | 50.57M | 50.72M | |
| Trust Preferred Securities | 72.17M | 72.17M | 72.17M | 72.17M | 72.17M | |
| Pension & Post-Retirement Benefits | 412.00K | 506.00K | 561.00K | 708.00K | 986.00K | |
| Other Long-Term Liabilities | 149.60M | 74.29M | 61.48M | 60.26M | 59.05M | 52.59M |
| Total Liabilities | 10.71B | 10.79B | 10.18B | 10.15B | 8.75B | 8.44B |
| Common Stock | 1.48B | 126.60M | 123.60M | 123.60M | 113.92M | 113.92M |
| Additional Paid-In Capital | 675.75M | 631.37M | 630.15M | 497.43M | 496.12M | |
| Retained Earnings | 1.07B | 971.08M | 881.11M | 774.86M | 691.26M | |
| Treasury Stock | -251.26M | -218.37M | -208.84M | -196.44M | -183.16M | |
| Comprehensive Income & Other | -64.60M | -102.51M | -111.76M | -137.69M | -8.77M | |
| Shareholders' Equity | 1.48B | 1.55B | 1.41B | 1.31B | 1.05B | 1.11B |
| Total Liabilities & Equity | 12.20B | 12.34B | 11.58B | 11.46B | 9.81B | 9.55B |
| Total Debt | 289.37M | 462.99M | 439.76M | 892.09M | 688.37M | 399.65M |
| Net Cash (Debt) | -161.36M | -272.96M | -264.78M | -712.42M | -483.38M | 22.53M |
| Net Cash Per Share | -1.58 | -2.64 | -2.59 | -7.00 | -5.15 | 0.24 |
| Filing Date Shares Outstanding | 96.54M | 101.75M | 101.45M | 101.93M | 102.76M | 94.01M |
| Total Common Shares Outstanding | 96.54M | 102.45M | 101.36M | 101.80M | 93.07M | 93.95M |
| Book Value Per Share | 15.37 | 15.17 | 13.86 | 12.91 | 11.30 | 11.81 |
| Tangible Book Value | 1.09B | 1.16B | 1.03B | 931.83M | 742.56M | 797.36M |
| Tangible Book Value Per Share | 11.24 | 11.32 | 10.13 | 9.15 | 7.98 | 8.49 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 152.30M | 142.57M | 157.06M | 128.18M | 138.26M | |
| Depreciation & Amortization | 14.73M | 14.41M | 12.69M | 17.15M | 16.34M | |
| Gain (Loss) on Sale of Investments | -13.77M | -13.59M | -8.72M | -9.53M | -17.50M | |
| Provision for Credit Losses | 36.73M | 29.17M | 14.81M | 21.11M | -1.38M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 89.00K | -32.50M | -12.01M | 3.20M | 28.63M | |
| Accrued Interest Receivable | 129.00K | 3.28M | -8.84M | -6.85M | 5.88M | |
| Change in Income Taxes | -4.00K | -818.00K | -4.61M | -4.56M | 10.66M | |
| Other Operating Activities | -1.62M | -14.28M | -4.63M | 1.54M | -15.44M | |
| Operating Cash Flow | 187.54M | 129.46M | 150.76M | 151.41M | 165.05M | |
| Capital Expenditures | -16.09M | -15.55M | -22.03M | -11.21M | -10.64M | |
| Cash Acquisitions | 4.67M | 14.49M | ||||
| Investment in Securities | 79.91M | -116.02M | -164.70M | 225.00M | -483.96M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -462.24M | -21.07M | -397.79M | -802.95M | -85.25M | |
| Other Investing Activities | 5.53M | 30.91M | -4.24M | 370.00K | 14.54M | |
| Investing Cash Flow | -388.23M | -121.72M | -574.27M | -588.79M | -565.30M | |
| Short-Term Debt Issued | 65.33M | 52.41M | 234.38M | 20.94M | ||
| Long-Term Debt Issued | 127.00M | |||||
| Total Debt Issued | 65.33M | 127.00M | 52.41M | 234.38M | 20.94M | |
| Short-Term Debt Repaid | -517.70M | |||||
| Long-Term Debt Repaid | -21.69M | -51.34M | -1.27M | -1.21M | -51.15M | |
| Total Debt Repaid | -21.69M | -569.03M | -1.27M | -1.21M | -51.15M | |
| Net Debt Issued (Repaid) | 43.64M | -442.03M | 51.14M | 233.17M | -30.21M | |
| Issuance of Common Stock | 245.00K | 204.00K | 245.00K | 245.00K | 222.00K | |
| Repurchase of Common Stock | -35.79M | -12.63M | -14.96M | -15.60M | -31.30M | |
| Common Dividends Paid | -55.49M | -52.60M | -50.81M | -44.58M | -43.61M | |
| Net Increase (Decrease) in Deposit Accounts | 295.04M | 485.74M | 430.66M | 23.01M | 543.95M | |
| Financing Cash Flow | 247.64M | -21.32M | 416.26M | 196.25M | 439.05M | |
| Net Cash Flow | 46.95M | -13.58M | -7.25M | -241.13M | 38.79M | |
| Free Cash Flow | 171.45M | 113.92M | 128.72M | 140.21M | 154.41M | |
| Free Cash Flow Margin | 35.31% | 25.40% | 27.55% | 36.00% | 39.96% | |
| Free Cash Flow Per Share | 1.66 | 1.11 | 1.26 | 1.49 | 1.61 | |
| Cash Interest Paid | 207.50M | 220.15M | 139.87M | 16.40M | 15.62M | |
| Cash Income Tax Paid | 34.66M | 32.20M | 37.53M | 34.33M | 22.37M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.08B | 1.74B | 1.72B | 1.57B | 1.30B | 1.52B |
| Last Close Price | 21.00 | 16.51 | 16.02 | 14.14 | 12.32 | 13.74 |
| PE Ratio | 12.82 | 11.45 | 12.04 | 10.01 | 10.14 | 11.02 |
| PS Ratio | 3.97 | 3.59 | 3.83 | 3.36 | 3.34 | 3.94 |
| PB Ratio | 1.37 | 1.12 | 1.22 | 1.20 | 1.24 | 1.37 |
| P/FCF Ratio | 11.36 | 10.17 | 15.07 | 12.21 | 9.27 | 9.87 |
| P/OCF Ratio | 10.57 | 9.30 | 13.26 | 10.43 | 8.59 | 9.23 |
| Debt / Equity Ratio | 0.20 | 0.30 | 0.31 | 0.68 | 0.65 | 0.36 |
| Debt / FCF Ratio | 2.70 | 3.86 | 6.93 | 4.91 | 2.59 | |
| Net Debt / Equity Ratio | 0.11 | 0.18 | 0.19 | 0.54 | 0.46 | -0.02 |
| Net Debt / FCF Ratio | 1.59 | 2.32 | 5.53 | 3.45 | -0.15 | |
| Return on Equity (ROE) | 11.37% | 10.29% | 10.48% | 13.28% | 11.86% | 12.70% |
| Return on Assets (ROA) | 1.40% | 1.27% | 1.24% | 1.48% | 1.32% | 1.49% |
| Earnings Yield | 7.80% | 8.73% | 8.30% | 9.99% | 9.86% | 9.07% |
| FCF Yield | 8.80% | 9.83% | 6.64% | 8.19% | 10.78% | 10.14% |
| Dividend Yield | 2.67% | 3.17% | 3.07% | 3.24% | 3.44% | 2.84% |
| Payout Ratio | 33.33% | 36.43% | 36.90% | 32.35% | 34.78% | 31.54% |
| Buyback Yield / Dilution | 1.23% | -1.29% | -0.38% | -8.45% | 2.04% | 1.96% |
| Total Shareholder Return | 3.90% | 1.88% | 2.69% | -5.21% | 5.47% | 4.80% |