FIRST COMMONWEALTH FINANCIAL CORP /PA/

Listed Company

FCFCIK 0000712537NYSELarge AcceleratedNational Commercial BanksPennsylvaniaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$152.30M

Total Assets

$12.34B

Equity

$1.60B

Shares Out

101.68M

Op. Cash Flow

$187.54M

+ 13F Filer

Business

First Commonwealth Financial Corporation is a financial holding company providing diversified consumer and commercial banking services through First Commonwealth Bank, trust and wealth management services, and insurance products through First Commonwealth Insurance Agency. The company operates 126 community banking offices across western and central Pennsylvania and Ohio, and offers commercial lending, equipment leasing and finance, residential mortgages, home equity products, consumer installment loans, and deposit products. First Commonwealth's reportable operating segments are organized primarily by customer type and product offering.

Summary from 10-K filed 2026-03-02

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans and leases	573	541	491	302	268
Taxable interest	54	48	26	25	25
Interest exempt from federal income taxes	363,000	419,000	457,000	479,000	595,000
Dividends	3	2	3	877,000	521,000
Interest on bank deposits	3	9	9	2	400,000
Total interest income	633	600	530	330	294
Interest on deposits	190	191	112	7	6
Interest on short-term borrowings	3	20	22	2	99,000
Interest on subordinated debentures	7	9	10	9	9
Interest on other long-term debt	6	1	170,000	198,000	649,000
Interest Expense, Lessee, Assets under Capital Lease	160,000	184,000	205,000	226,000	—
Total interest expense	207	222	144	18	—
Net Interest Income	426	379	386	312	279
Provision for credit losses	33	29	4	21	−1
Provision for credit losses - acquisition day 1 non-PCD	4	0	11	0	0
Net Interest Income after Provision for Credit Losses	389	350	371	291	280
Net securities losses	−4	−5	−103,000	2,000	—
Equity Securities, FV-NI, Gain (Loss)	5	6	0	0	—
Trust income	13	12	11	11	11
Service charges on deposit accounts	23	23	21	20	18
Insurance and retail brokerage commissions	13	12	11	10	9
Income from bank owned life insurance	7	6	5	5	6
Gain on sale of mortgage loans	7	6	4	5	14
Gain on sale of other loans and assets	−7	−9	−7	−6	−8
Card-related interchange income	16	22	29	28	28
Derivative, Gain (Loss) on Derivative, Net	−126,000	−46,000	14,000	368,000	2
Swap Fee Income	2	885,000	2	5	3
Other income	10	9	8	9	8
Total noninterest income	97	99	97	99	107
Salaries and employee benefits	164	149	143	126	120
Net occupancy	21	20	19	18	17
Furniture and equipment	18	17	17	16	16
Data processing	16	16	15	14	12
Advertising and promotion	6	6	6	5	5
Pennsylvania shares tax	4	5	4	4	5
Intangible amortization	6	5	5	3	3
Other professional fees and services	7	6	6	5	5
FDIC insurance	6	6	6	3	3
Asset Impairment Charges	654,000	451,000	204,000	343,000	303,000
Litigation and operational losses	3	5	5	3	2
Amortization of Debt Issuance Costs	0	369,000	0	0	—
Merger and acquisition related	4	391,000	9	2	0
Other operating expenses	38	35	34	31	27
Total noninterest expense	295	271	270	230	214
Income before income taxes	191	178	198	160	173
Income tax provision	39	36	40	32	35
Net Income	152	143	157	128	138
Average Shares Outstanding (in shares)	103	102	102	94	96
Average Shares Outstanding Assuming Dilution (in shares)	104	102	102	94	96
Basic Earnings Per Share (in dollars per share)	1.48	1.4	1.55	1.37	1.45
Diluted Earnings Per Share (in dollars per share)	1.47	1.39	1.54	1.37	1.44
Cash Dividends Declared per Common Share (in dollars per share)	0.54	0.52	0.5	0.48	0.46

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	103	105	125	124	85
Interest-bearing bank deposits	77	28	22	30	311
Securities available for sale, at fair value	−1,014	−1,148	−1,021	−763	−1,041
Debt Securities, Held-to-maturity, Fair Value	471	337	351	386	537
Securities held to maturity, at amortized cost, (Fair value $470,665 at December 31, 2025 and $336,719 at December 31, 2024)	519	406	419	461	541
Other investments	38	31	51	26	13
Loans held for sale (Includes fair value of $46,071 at December 31, 2025 and $50,110 at December 31, 2024)	271	52	30	12	19
Portfolio loans and leases	9,508	8,984	8,969	—	—
Allowance for credit losses	−126	−119	−118	−103	−93
Net loans and leases	9,382	8,865	8,851	—	—
Premises and equipment, net	114	116	121	115	121
Other real estate owned	1	895,000	422,000	534,000	642,000
Goodwill	378	364	364	303	303
Amortizing intangibles, net	22	20	23	9	11
Bank owned life insurance	233	230	228	223	225
Other assets	188	221	204	199	128
Total assets	12,343	11,585	11,459	9,806	9,545
Noninterest-bearing	2,373	2,250	2,389	2,671	2,659
Interest-bearing	7,878	7,428	6,804	5,335	5,324
Total deposits	10,251	9,678	9,192	8,005	7,982
Short-term borrowings	148	80	598	373	138
Subordinated debentures	128	128	178	171	171
Other long-term debt	130	130	4	5	6
Capital lease obligation	4	4	5	5	6
Total long-term debt	262	263	187	181	182
Other liabilities	128	159	168	194	133
Total liabilities	10,789	10,180	10,145	8,754	8,436
Preferred stock, shares authorized (in shares)	3	3	3	3	3
Preferred stock, $1 par value per share, 3,000,000 shares authorized, none issued	0	0	0	0	0
Common stock, $1 par value per share, 200,000,000 shares authorized; 126,599,991 and 123,603,380 shares issued as of December 31, 2025 and 2024, respectively; and 102,840,771 and 101,758,450 shares outstanding at December 31, 2025 and 2024, respectively	127	124	124	114	114
Additional paid-in capital	676	631	630	497	496
Retained earnings	1,068	971	881	775	691
Accumulated other comprehensive (loss) income, net	−65	−103	−112	−138	−9
Treasury Stock, Common, Shares	24	22	21	21	—
Treasury stock (23,759,220 and 21,844,930 shares at December 31, 2025 and 2024, respectively)	−251	−218	−209	−196	−183
Total shareholders equity	1,600	1,405	1,314	1,052	1,109
Total liabilities and shareholders equity	12,343	11,585	11,459	9,806	9,545
Common stock, shares issued (in shares)	127	124	124	114	114
Common stock, shares authorized (in shares)	200	200	200	200	200
Common stock, shares outstanding (in shares)	103	102	102	93	94
Loans Held for Sale, Fair Value	46	50	—	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Provision for credit losses	37	29	15	21	−1
Deferred Income Taxes and Tax Credits	3	3	7	−2	1
Depreciation and amortization	7	6	4	11	11
Net gains on securities and other assets	−14	−14	−10	−12	−22
Net amortization of premiums and discounts on securities	20,000	737,000	1	2	5
Redemption Premium	0	369,000	0	0	—
Income from increase in cash surrender value of bank owned life insurance	−7	−5	−5	−5	−6
Mortgage loans originated for sale	−283	−245	−187	−195	−391
Proceeds from Sale of Mortgage Loans Held-for-sale	283	213	175	198	420
Decrease (increase) in interest receivable	129,000	3	−9	−7	6
(Decrease) increase in interest payable	−1	1	5	1	−412,000
Decrease in income taxes payable	−4,000	−818,000	−5	−5	11
Othernet	10	−4	2	15	−6
Net cash provided by operating activities	188	129	151	151	165
Proceeds from maturities and redemptions	78	68	42	80	121
Purchases	−193	−55	−200,000	−200,000	−362
Proceeds from sale	70	70	34	0	0
Proceeds from maturities and redemptions	281	233	98	146	434
Purchases	−162	−437	−338	0	−677
Proceeds from Sale of Equity Securities, FV-NI	5	6	0	0	—
Purchases of FHLB stock	−62	−45	−103	−21	−4
Proceeds from the redemption of FHLB stock	57	65	91	7	3
Proceeds from Sale of Other Investments	0	450,000	0	0	500,000
Proceeds from bank owned life insurance	4	4	3	5	7
Proceeds from the sale of loans	102	116	155	69	76
Proceeds from sales of other assets	6	7	4	9	8
Acquisition, net of cash acquired	5	0	14	0	0
Net increase in loans	−564	−137	−552	−872	−162
Purchases of premises and equipment	−16	−16	−22	−11	−11
Net cash used in investing activities	−388	−122	−574	−589	−565
Net increase (decrease) in other short-term borrowings	65	−518	52	234	21
Net increase in deposits	295	486	431	23	544
Repayments of other long-term debt	−21	−769,000	−740,000	−712,000	−51
Proceeds from Issuance of Long-term Debt	0	127	0	0	0
Repayments of Subordinated Debt	0	−50	0	0	—
Repayments of Long-term Capital Lease Obligations	606,000	567,000	531,000	496,000	464,000
Dividends paid	−55	−53	−51	−45	−44
Proceeds from reissuance of treasury stock	245,000	204,000	245,000	245,000	222,000
Purchase of treasury stock	−36	−13	−15	−16	−31
Net cash provided by (used in) financing activities	248	−21	416	196	439
Net increase (decrease) in cash and cash equivalents	47	−14	−7	−241	39

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 257 positions

Reported AUM

$312.58M

Holdings

257

Top sector

$312.58M

Top sectors

Sector	Value	% of portfolio
Uncategorized	$312.58M	100.0%

Top holdings

Issuer	Ticker	Shares	Value	%
ISHARES TR	—	160.9K	$72.99M	23.4%
ISHARES TR	—	293.6K	$21.61M	6.9%
APPLE INC	—	82.6K	$14.43M	4.6%
ISHARES TR	—	65.2K	$13.39M	4.3%
FIRST COMWLTH FINL CORP PA	—	740.6K	$11.23M	3.6%
S & T BANCORP INC	—	231.0K	$6.83M	2.2%
MICROSOFT CORP	—	19.3K	$5.94M	1.9%
VANGUARD INDEX FDS	—	31.1K	$4.60M	1.5%
ISHARES TR	—	59.4K	$4.54M	1.4%
ISHARES TR	—	98.9K	$4.46M	1.4%

Frequently asked questions

What is FIRST COMMONWEALTH FINANCIAL CORP /PA/'s CIK number?

FIRST COMMONWEALTH FINANCIAL CORP /PA/'s SEC CIK number is 0000712537 (712537). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find FIRST COMMONWEALTH FINANCIAL CORP /PA/'s SEC filings?

All of FIRST COMMONWEALTH FINANCIAL CORP /PA/'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did FIRST COMMONWEALTH FINANCIAL CORP /PA/ last report earnings?

FIRST COMMONWEALTH FINANCIAL CORP /PA/ (FCF) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000712537-26-000018). This is FIRST COMMONWEALTH FINANCIAL CORP /PA/'s most recent earnings filing of record — not a forecast of its next earnings date.

What is FIRST COMMONWEALTH FINANCIAL CORP /PA/'s most recent earnings 8-K?

FIRST COMMONWEALTH FINANCIAL CORP /PA/'s latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0000712537-26-000018. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View FIRST COMMONWEALTH FINANCIAL CORP /PA/'s latest earnings 8-K →
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